AVELLUM ADVISES EBRD ON EUR52.5 MILLION LOAN FACILITY TO ONE OF LARGEST SHOPPING MALLS IN ODESA

News

AVELLUM ADVISES EBRD ON EUR52.5 MILLION LOAN FACILITY TO ONE OF LARGEST SHOPPING MALLS IN ODESA

AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with a long term secured loan to Limited Liability Company “Novi Biznes Poglyady” (“NBP”) in the total amount of up to EUR52.5 million.

NBP is a special project company, which owns and operates Riviera Shopping City, a shopping mall located in Odesa region. The loan proceeds provided by the EBRD will be used for the expansion of the shopping mall’s lease area, as well as for the financial restructuring of the NBP’s balance sheet.

The EBRD is the leading international financial investor in Ukraine. Since the start of its operations in the country in 1993, the EBRD has made a cumulative commitment of almost EUR14.5 billion across some 460 projects in Ukraine.

The AVELLUM team was led by senior partner Glib Bondar with support from counsel Maksym Maksymenko, senior associate Tetiana Mykhailenko, associates Oleg Krainskyi, Anastasiia Zhebel, Daryna Mykhailenko, Mariana Veremchuk, Dmytro Radzivon, and Andriy Kornuta.

Authors

GLIB BONDAR

Senior Partner

gbondar@avellum.com

VADIM MEDVEDEV

Partner

vmedvedev@avellum.com

MARIANA VEREMCHUK

Associate

mveremchuk@avellum.com

Posted on March 24, 2020

Reconstruction of Ukraine by Kim & Chang and AVELLUM

Seoul, Korea – November 27, 2023 Kim & Chang, South Korea’s largest and most specialised law firm, in collaboration with AVELLUM, hosted a groundbreaking seminar in Seoul, focusing on the reconstruction efforts in Ukraine. The event aimed to facilitate discussions and provide insights for local businesses interested in investing in and contributing to the rebuilding […]

Posted on November 28, 2023 by MAKSYM MAKSYMENKO

AVELLUM and Hillmont Partners to win in the Supreme Court, having successfully defended the US investors Argentem Creek Partners and Innovatus Capital Partners 

Argentem Creek Partners (ACP) and Innovatus Capital Partners (Innovatus), a US-based investment fund and an asset management company, specialise in emerging market lending. ACP and Innovatus have invested hundreds of millions of US dollars in Ukraine in recent years. Hillmont Partners and Avellumwon in the Supreme Court, which ruled to uphold the bankruptcy proceedings against […]

Posted on November 21, 2023 by KOSTIANTYN LIKARCHUK
Subscribe to our Newsletter
Back
Search results: