Adina Damaschin

Skimming through business journals from the last decade or so, it feels like the transition to cloud computing has been looming over the banking industry for a long time. But with so many industries now taking steps to digitalise, even the traditionally cautious banking industry is being swept up in the tide. AI experiment As part of our AI experiment in roadmap24, we have curated a few prompts and asked AI about this article.

Schoenherr advised Kommunalkredit Austria AG ("Kommunalkredit") on granting a EUR 25m loan to INVL Renewable Energy Fund I ("INVL") to finance the construction of solar power plants with a total capacity of 51 MW in Romania. This is the first Romanian project in INVL's pipeline to reach the ready-to-build phase. Schoenherr acted as lead counsel to the lender for Austrian and Romanian law, with Sorainen acting as local counsel in Lithuania.

Factoring volumes in Romania have seen a marked increase over the last year, up to EUR 3.68bln in the first half of 2022, according to public sources. While part of this 31.6 % year-on-year surge was driven by inflation rates, local businesses do appear to show a growing appetite for this type of financing product. Author: Adina Damaschin, counsel, banking & finance, Schoenherr si Asociatii SCA When do companies opt for factoring?