Category: Ukraine

  • Axon Partners Supports Money Token on ICO

    Axon Partners Supports Money Token on ICO

    Axon Partners has advised Money Token on its USD 37 million Initial Coin Offering.

    Money Token is a financial ecosystem that provides hard-currency loans secured by Bitcoin/Ethereum or other cryptocurrencies worldwide.

    According to Axon Partners, “the project is special in the light of the need to support three different types of compliance for security purposes and compliance with the requirements of financial legislation and securities legislation.”

    The Axon Partners team was led by Partner Orest Gavryliak and included  Associates Kylyna Zabrodska, Olenka Naumchik, Oleksandr Kozhukhar, Andrii Honchar, and Artem Datochnyi.

     

  • Antika Becomes Legal Advisor to AsMAP Ukraine

    Antika Becomes Legal Advisor to AsMAP Ukraine

    The Antika law firm has agreed to provide legal services to the Association of International Automobile Carriers of Ukraine.

    According to the agreement, Antika will represent the interests of the Association of International Automobile Carriers (AsMAP) in courts and other state bodies, as well as in relations with third parties. In addition, Antika will provide legal advice to AsMAP in drafting contracts and other documents.

    AsMAP Ukraine was founded at the end of 1991. Consisting of three thousand organizations,  AsMAP provides services for the transport of goods and passengers in international traffic.

    The Association has been a member of the International Road Transport Union since 1992.

     

  • Asters Advises IFC on Loan to Agrofusion

    Asters Advises IFC on Loan to Agrofusion

    Asters has advised the International Finance Corporation on a USD 17 million loan to Agrofusion.

    Agrofusion is a Ukrainian tomato paste and industrial tomato producer with operational assets based primarily in the Mykolaiv and Kherson regions of the country.

    According to Asters, the loan is designed to finance Agrofusion’s 2018-2019 expansion and debt refinancing program, which will allow the company to expand its product portfolio and increase export volumes.  

    The Asters team included Partner Iryna Pokanay, Counsel Gabriel Aslanian, and Associate Inna Bondarenko.

     

  • Asters Advises IFC on Nyva Financing

    Asters Advises IFC on Nyva Financing

    Asters has advised the IFC on the issue of a USD 12.5 million loan to Ukrainian pork producer Nyva Pereyaslavshchyny.

    According to Asters, the IFC’s loan is designed to support Nyva’s investment program, which includes constructing a new meat-processing facility — one of the first in Ukraine to comply with European Union standards for food safety and animal welfare. The company will also build a new pig farm and a rendering plant capable of recycling up to 50 tons of waste every day, helping to reduce its environmental footprint.

    This is IFC’s second investment in Nyva. The program is expected to create about 300 jobs. 

    The Asters team included Partner Iryna Pokanay, Counsel Gabriel Aslanian, and Associate Inna Bondarenko.

     

  • Asters Advises IFC on USD 30 Million Financing to Astarta

    Asters Advises IFC on USD 30 Million Financing to Astarta

    Asters has acted as Ukrainian law counsel to the IFC on its USD 30 million loan to Ukrainian agriculture producer Astarta.

    According to Asters, the IFC’s financial support will fund Astarta’s two-year investment program aimed at increasing the resource efficiency of its processing plants and the productivity of its farming operations. The funds will support the modernization of Astarta’s sugar plants leading to savings of gas, electricity, and water resources. The program also aims at equipping the company’s farms with new tractors and modern, fuel-efficient machinery. 

    Asters’ team was led by Partner Iryna Pokanay and included Counsel Gabriel Aslanian, and Associate Inna Bondarenko.

     

  • Vsevolod Volkov Moves from Integrites to Everlegal

    Vsevolod Volkov Moves from Integrites to Everlegal

    Former Integrites Partner Vsevolod Volkov has joined Ukraine’s Everlegal law firm as Partner.

    Volkov will lead Everlegal’s International Arbitration practice and will co-lead the firm’s Banking and Finance practice with Partner Andrew Olenyuk.

    Between 2006 and 2009, Volkov worked as a Senior Associate at Baker & McKenzie, then in 2013 he moved to Integrities as a Partner. 

    Volkov studied at the University of Oxford, Exeter College, and the Institute of International Relations of Kyiv National University, where he studied International Law, specializing in international private law.

     

  • Vasil Kisil & Partners Advises on New Auchan Store in Dnipropetrovsk

    Vasil Kisil & Partners Advises on New Auchan Store in Dnipropetrovsk

    Vasil Kisil & Partners has advised Auchan on obtaining a lease for a new store in Dnipropetrovsk, Ukraine.

    Auchan Zorianyi, which is located in Dnipropetrovsk’s Dafi Shopping and Entertainment Center, has about 3,500 square meters of retail space.

    According to Vasil Kisil & Partners, “the Auchan store chain, which is owned by Groupe Auchan SA, a company headquartered in France, is among the top 13 world’s leading food retailers with a presence in 17 countries in Europe, Asia and Africa.” In Ukraine, it is present in nine regional centers.

    The Vasil Kisil & Partners team included Partner Alexander Borodkin and Associates Roman Riabenko and Anatoliy Pashynski.

     

  • CMS Advises Scatec Solar on Developing Solar Power Plants in Ukraine

    CMS Advises Scatec Solar on Developing Solar Power Plants in Ukraine

    CMS has advised Scatec Solar ASA, a Norway-based solar power producer, on securing two solar projects in the Cherkassy region of Ukraine.

    According to CMS, “the projects, with a capacity of 33 MW and 50 MW, will be the first step towards developing a larger portfolio of solar power plants in the country for Scatec Solar.”

    The CMS team advised Scatec Solaron on the due diligence of the two projects, as well as their subsequent acquisition, including transactional documents under English law. The firm’s team included Partner Vitaliy Radchenko, Senior Associates Natalia Kushniruk, Tetyana Dovgan, and Maryna Ilchuk, Associates Vitalii Mainarovych and Viktoriia Stavchuk, Lawyers Khrystyna Korpan and Volodymyr Kolvakh, and Trainees Ihor Pavliukov and Diana Pysarenko, with further support from Partner Graham Conlon and Senior Associate Valentina Santambrogio on English law aspects of the transaction.

    CMS did not reply to our inquiries on the matter regarding the seller or its counsel.

     

  • Aequo Advises KfW on Financing for OTP Leasing

    Aequo Advises KfW on Financing for OTP Leasing

    Aequo has represented Kreditanstalt fur Wiederaufbau, a German government-owned development bank, on Ukrainian law matters related to a financing extension provided to OTP Leasing LLC, a Ukrainian leasing company, in an amount equal to USD 17 million.

    According to Aequo, “the loan will be utilized for financing leasing transactions with private Ukrainian small and medium-sized enterprises in agribusiness.” The firm describes the loan as “the first subordinated loan to a non-banking institution ever disbursed by KfW in Ukraine.”

    The Aequo team was led by Partner Yulia Kyrpa and included Senior Associate Bohdan Dmukhovskyy and Associate Glib Bukharin.

     

  • Aequo Advises EBRD in Connection with Ergopack Transaction

    Aequo Advises EBRD in Connection with Ergopack Transaction

    Aequo has advised the EBRD on Ukrainian law matters associated with the acquisition of its borrower, Ergopack LLC, by the Sarantis Group.

    The Sarantis Group is a producer of branded cosmetics & personal care, household products, and fragrances in ten regional markets such as Greece, Poland, Czech Republic, Hungary, Bulgaria, Portugal, and Romania. Ergopack is a Ukrainian producer of cleaning and maintenance products.

    Aequo reported that it provided assistance “in drafting and negotiating the transaction documents from the Ukrainian legal perspective, including the shares sale and purchase agreement in the acquisition target and the assignment agreement of the EBRD loan.” The firm’s lawyers also “assisted with the collection and control over fulfillment of conditions precedent to the acquisition, the release of respective security, and the completion procedures.”

    Aequo’s project team was supervised by Partner Yulia Kyrpa and included Senior Associate Bohdan Dmukhovskyy and Associate Valeriy Savva.

    Aequo did not reply to inquiries on the matter