Practices

Finance

Heading

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

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

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

Legal alerts

UKRAINE STREAMLINES REGULATION OF LOCAL FINANCIAL SERVICES MARKETS

On 1 July 2020, the Law of Ukraine “On Amendments to Certain Legislative Acts to Improve Functions for State Regulation of Financial Services” (“Law”), dated 12 September 2019, became operational.

Posted on July 6, 2022

News

AVELLUM ADVISES THE MINISTRY OF FINANCE OF UKRAINE ON OFFICIAL LOANS EXTENDED TO UKRAINE BY ITALY AND CANADA

AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine.

Posted on July 6, 2022

News

AVELLUM ADVISES MHP ON INVESTMENT INTO FOODZ

AVELLUM acted as the legal counsel to its long-standing client MHP in connection with investment into Ukrainian food-tech start-up Foodz. As a result of two rounds of funding, MHP received a minority stake in Foodz.

Posted on July 6, 2022
AVELLUM acted as the legal counsel to its long-standing client MHP in connection with investment into Ukrainian food-tech start-up Foodz. As a result of two rounds of funding, MHP received a minority stake in Foodz. AVELLUM provided legal support to MHP in structuring the deal and drafting the transaction documents. MHP is the leading poultry producer in Europe and one of the biggest grain producers in Ukraine. The company specialises in the production of chicken and the cultivation of cereals and other agricultural activities. As a part of MHP’s strategy to support new businesses, the company aims to strengthen its relations with the restaurant business to bring the company closer to the customer. Foodz is a dark kitchen start-up that has been developing an online restaurant chain in Kyiv since 2020. It has already raised investments of over USD2 million and now manages 12 brand restaurants with over 100 000 customers. AVELLUM team was jointly led by counsel Andriy Romanchuk and associate Yuliia Chelebii-Kravchenko with support from associate Yelyzaveta Kashyna and under the general supervision of managing partner Mykola Stetsenko. Senior associate Anastasiya Voronova advised on the financial matters of the deal.

Newsroom

AVELLUM ADVISES EBRD ON EUR50 MLN FINANCING OF NEW METRO CARS FOR KYIV METRO

Proceeds from the EBRD loan will be used to finance the procurement of 50 new metro cars, as well as for related services and equipment.

Posted on July 6, 2022
AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with up to a EUR50 mln loan to Communal Enterprise “Kyivskiy Metropolitan” guaranteed by the Kyiv City Council. Proceeds from the EBRD loan will be used to finance the procurement of 50 new metro cars (as well as related services and equipment). These metro cars will carry passengers on one of the Kyiv underground rail network lines. Such an upgrade of the Kyiv metro rolling stock is expected to encourage more people to use modern and efficient public transport instead of their private cars, reducing traffic congestion in Kyiv. The EBRD remains the largest international financial investor in Ukraine and to date has committed more than EUR14.5 bln in over 488 projects to the country. The loan to “Kyivskiy Metropolitan” is a part of the Vital Infrastructure Support Programme launched by the EBRD in response to the economic fallout caused by the ongoing coronavirus pandemic to back the essential infrastructure. AVELLUM team working on the project was led by senior partner Glib Bondar with support from associates Oleg Krainskyi, Anastasiia Zhebel, and Mariana Veremchuk.

Newsroom

AVELLUM REMAINS THE ONLY UKRAINIAN LAW FIRM RANKED HIGHEST IN CORPORATE FINANCE BY CHAMBERS GLOBAL AND EUROPE 2021

Chambers Global and Europe acknowledges AVELLUM’s “excellent reputation, goal-focused attitude, outstanding track record, ingenuity, and very creative solutions” and recommends AVELLUM in 8 practice areas.

Posted on July 6, 2022
Chambers and Partners, a leading global legal directory, highly ranked AVELLUM in its 2021 Global and European guides. Chambers ranks AVELLUM for 10 consecutive years. According to Chambers Global and Europe 2021, AVELLUM remains the only Ukrainian law firm ranked in the highest Band 1 in all Corporate Finance practices researched by the Chambers: Banking and Finance, Corporate/M&A, and Restructuring and Insolvency. Chambers Global and Europe acknowledges AVELLUM’s “excellent reputation, goal-focused attitude, outstanding track record, ingenuity, and very creative solutions” and recommends AVELLUM in 8 practice areas: Band 1 – Banking and Finance, Corporate/M&A, Restructuring and Insolvency Band 3 – Employment, Tax, and Real Estate Band 4 – Competition/Antitrust and Energy and Natural Resources We are immensely proud of the individual recognition of our lawyers in 2021 rankings: Senior partner Glib Bondar: Band 1 in Banking and Finance and Restructuring and Insolvency Partner Vadim Medvedev: Band 3 in Tax Partner Yuriy Nechayev: Band 2 in Corporate/M&A Managing partner Mykola Stetsenko: Band 1 in Corporate/M&A Partner Maksym Maksymenko: Up and Coming expert in Real Estate Counsel Mykyta Nota: recommended in Competition/Antitrust When estimating the firm’s projects' complexity, Chambers and Partners closely looks into clients' and peers' feedback. We are deeply grateful to our clients for their consistently positive feedback over the years and for entrusting us with the most challenging and sophisticated deals in Ukraine. Chambers and Partners is an independent research company operating across 200 jurisdictions delivering detailed rankings and insight into the world's leading lawyers.

Key contacts

GLIB BONDAR

Senior Partner

gbondar@avellum.com

Team

OLEG KRAINSKYI

Managing Associate

okrainskyi@avellum.com

TETIANA MYKHAILENKO

Senior Associate

tmykhailenko@avellum.com

MARIANA VEREMCHUK

Associate

mveremchuk@avellum.com

YAROSLAV PAVLIUK

Associate

ypavliuk@avellum.com

Practices

Data protection and Cybersecurity

To keep up with an emerging regulatory framework, companies require expertise in multiple disciplines where law meets technology - be it data protection, data privacy or other related fields. AVELLUM offers practical and integrated solutions to those challenges.

Practice

Litigation

We act for our clients in various contentious matters, including domestic litigation, cross-border litigation, international arbitration, and insolvency proceedings.

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