Practices

Finance

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Our pre-eminent finance practice is well-known in the market for its cutting-edge expertise and exemplary service. In recent years, we have been instrumental in bringing many landmark financing transactions from Ukraine to a successful closing.

Main focuses

For more than a decade, our team advises both the creditor and debtor sides on the most sophisticated cross-border new money and refinancing deals coming to market. Our finance expertise covers:

  • Asset finance
  • Loan finance
  • Project finance
  • Structured finance, derivatives, and securitisations
  • Trade and commodities finance

We have acted on behalf of all types of clients in a wide variety of industry sectors. We regularly represent all types of borrowers both in the private and public sectors. We also act for leading international and domestic banks and financial institutions. So we see loan financing from every angle, which enables us to develop legally robust, pragmatic, and cost-effective solutions.

Our clients

Whether you are a Ukrainian or a foreign client, we will identify your particular needs and resolve all your questions clearly and efficiently.

Ukrainian clients

If you are a Ukrainian client, we will (i) help to understand the whole process and legal mechanics of a full spectrum of financing instruments from an international perspective; (ii) explain complex foreign law concepts in simple terms; (iii) be instrumental for developing sound legal documentation and ensuring smooth negotiation with your foreign counterparties, bringing together best international practices and Ukrainian legal realities.

Foreign clients

If you are a foreign client, we will (i) safely navigate your way through all local legal challenges from a kick-off meeting to financial closing, (ii) explain all rules of Ukrainian legal and regulatory playfield in a clear way; (iii) tailor deal structure to fit your needs and to address all local law intricacies, (iv) produce local law documentation in a timely fashion and up to the best international practices and standards; and (v) give legal opinions for proper risk assessment.

Our specialist knowledge of the regulatory and political climate in which our clients operate coupled with our local know-how, transactional and dispute resolution capabilities enables us to deliver pragmatic, commercially driven, and elegant solutions. We advise leading energy companies, project developers and contractors, foreign and local investors, international financial institutions and banks.

Key experience

CAD 2.4 billion (equivalent to USD1.8 billion) concessional loan from Canada

2,4

Bln CAD

Legal advisor to the Ministry of Finance of Ukraine

CAD450 million 10-year loan from Canada, disbursed through the IMF Administered Account for Ukraine

450

Mln CAD

Legal advisor to the Ministry of Finance of Ukraine

EUR200 million 15-year loan from the Italian Republic

200

Mln EUR

Legal advisor to the Ministry of Finance of Ukraine

Open market repurchase of Ukraine’s outstanding GDP-linked warrants

1.5

Mln USD

Legal advisor to the Ministry of Finance of Ukraine

A loan to Communal Enterprise “Kyivskiy Metropolitan” guaranteed by the Kyiv City Council

50

Mln EUR

Legal advisor to EBRD

Two loan agreements constituting financial support from France to Ukraine for strengthening maritime safety and security of Ukraine

116

Mln EUR

Legal advisor to the Ministry of Finance of Ukraine

Long term secured loan to Limited Liability Company “Novi Biznes Poglyady”

52.5

Mln EUR

Legal advisor to EBRD

Long-term secured loan to LLC “Butsefal” and Prometey Swiss SA

10

Mln USD

Legal advisor to BTSTB

Bakcell’s acquisition of Private Joint Stock Company "VF Ukraine"

464

Mln USD

Legal advisor to arrangers on bridge loan financing

Sale of stake in over 200 MW alternative energy projects

Legal Advisor to ICU

Financing of 55.4 MW solar plant in Ukraine EUR34.6 mln

Legal Advisor to the Lenders

Senior secured loans to Rengy Bioenergo LLC

36.3

Mln EUR

Legal Advisor to EBRD and BSTDB

Show all key experience

Related materials

Newsroom

AVELLUM advises Ministry of Finance of Ukraine on sovereign loan from Canada

AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a CAD2 billion 10-year concessional loan from Canada. The funds were provided through the mechanism of the Administrated Account of the International Monetary Fund (IMF) and will be directed towards Ukraine’s priority social and economic needs. The loan […]

Posted on July 6, 2022

Newsroom

AVELLUM advises EBRD on financing of Kyiv Medical University’s new campus in Poland

AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with a senior secured loan of up to EUR2.5 million to Private Higher Educational Establishment “Kyiv Medical University” (“KMU”). Funds from the EBRD loan will be utilised to complete the establishment of a new campus for KMU’s […]

Posted on July 6, 2022

News

AVELLUM advises Ministry of Finance of Ukraine on defence loan guaranteed by UK Export Finance

AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a landmark defence loan guaranteed by UK Export Finance (UKEF). The loan will be used to finance the purchase, modernisation, and maintenance of two Sandown-class mine countermeasures vessels for the Ministry of Defence of Ukraine. The loan was […]

Posted on July 6, 2022

Newsroom

AVELLUM advises Ministry of Finance of Ukraine on export loan from French Government

AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a EUR37.6 million export loan provided under the framework agreement between the Governments of Ukraine and France. The funds will be directed towards purchasing and supplying rails from Saarstahl-Rail, a French manufacturer of rails, to Ukrainian Railways. This […]

Posted on July 6, 2022

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AVELLUM acts as Ukrainian legal counsel to MHP SE in connection with the recent loan financing from EBRD, IFC and DFC

AVELLUM announced that it acted as Ukrainian legal counsel to MHP SE and its Ukrainian subsidiaries (“MHP”) in connection with the recent loan financing from the European Bank for Reconstruction and Development (“EBRD”), the International Finance Corporation (“IFC”) and the U.S. International Development Finance Corporation (“DFC”). EBRD, IFC and DFC have collaboratively organised a financial […]

Posted on July 6, 2022

News

NBU permits early repayment of loans to DFIs and ECAs

The National Bank of Ukraine (“NBU”) further relaxed currency control restrictions allowing Ukrainian borrowers to make early repayments of cross-border foreign currency loans extended after 20 June 2023 to development finance institutions (“DFIs”) and foreign export credit agencies (“ECAs”). To recap, back in June 2023, the NBU permitted the repayment of cross-border foreign currency loans to […]

Posted on July 6, 2022

Key contacts

GLIB BONDAR

Senior Partner

gbondar@avellum.com

Team

TETIANA MYKHAILENKO

Senior Associate

tmykhailenko@avellum.com

MARIANA VEREMCHUK

Senior Associate

mveremchuk@avellum.com

YAROSLAV PAVLIUK

Associate

ypavliuk@avellum.com

MARHARYTA BRIANSKA

Associate

mbrianska@avellum.com

Industries

Real estate

We have continuously been closely involved in various social and economic projects due to our wide range of expertise.

Practice

Tax

We provide full-scope tax services, including domestic and international tax planning, tax disputes, transactional tax and financing transactions.

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