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 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 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

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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

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AVELLUM advises the Ministry of Finance of Ukraine on £26.3 million equivalent loan backed by UK Export Finance 

AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a landmark £26.3 million equivalent export loan from Citibank, guaranteed by UK Export Finance (UKEF). The loan will fund the reconstruction of six bridges in the Kyiv Region, which have suffered severe damages and destruction in 2022 due […]

Posted on July 6, 2022

Legal alerts

Ukraine eases currency control restrictions, allowing repayment of certain loans from foreign lenders

The National Bank of Ukraine (“NBU”) recently allowed Ukrainian borrowers to transfer foreign currency (“FX”) funds abroad to fulfil their obligations under the following categories of loans from foreign lenders: To recap, following the Russian invasion of Ukraine, the NBU introduced a moratorium on FX cross-border payments for the period of martial law in Ukraine. […]

Posted on July 6, 2022

Legal alerts

UKRAINE ADOPTS EXTRAORDINARY CURRENCY CONTROLS AMID RUSSIAN MILITARY AGGRESSION

On 24 February 2022, promptly following the outbreak of Russian military aggression against Ukraine, the martial law was declared across the entire territory of Ukraine. With effect from the same date, the National Bank of Ukraine (“NBU”) passed resolution No. 18 “On the Functioning of the Banking System during the Martial Law”.

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

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