30 04 2016

CRX Markets implements a supply chain finance program for the Vattenfall group

Baker & McKenzie advised CRX Markets AG, Munich, on the structuring and implementation of a supply chain finance program for the Vattenfall group.


The program was launched in close cooperation between CRX Markets AG and Helaba Landesbank Hessen-Thüringen. The program comprises the German business of the Vattenfall group and extends to 20 subsidiaries of the group. The program enables suppliers to sell their accounts receivable from the Vattenfall subsidiaries concerned at favorable conditions before maturity. Baker & McKenzie provided legal advice with respect to any and all questions in relation to the structuring and implementation of the supply chain finance program, including all contracts with a Banking & Finance team led by partner Dr. Matthias Eggert (picture), assisted by partner Sandra Wittinghofer and associate Timo Riester as well as IT law partner Julia Wendler. Involved fees earner: Matthias Eggert - Baker & McKenzie; Sandra Wittinghofer - Baker & McKenzie; Timo Riester - Baker & McKenzie; Julia Wendler - Baker & McKenzie;

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