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Aequo and Allen & Overy Advise Lenders on Restructuring of Loan Facilities to Ukrainian Automotive Company

Aequo and Allen & Overy Advise Lenders on Restructuring of Loan Facilities to Ukrainian Automotive Company

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Aequo has advised Portigon AG (Duusseldorf, Germany), UniCredit Bank Czech Republic and Slovakia, a.s. (Prague, Czech Republic), and other lenders on the restructuring of the multi-million loan facilities granted to an unidentified company in the Ukrainian automotive industry. Allen & Overy advised on English, German, and Czech Republic elements of the restructuring.

"In particular," according to Aequo, the firm "advised the lenders on potential enforcement procedures, in Ukraine and abroad, negotiated the revised repayment terms, drafted the restructuring documentation as well as controlled fulfillment of conditions precedent to the restructuring transaction. Upon completion of the transaction Aequo issued a legal opinion in favor of the lenders."

“This was a complex and challenging restructuring, involving multiple parties from both sides and long- lasting negotiations," commented Aequo Partner Yulia Kyrpa, who heads the firm's Banking & Finance practice. "It further demonstrates exceptional legal expertise of AEQUO debt restructuring team. We are pleased to have supported the transaction that strengthens confidence in Ukrainian economy."

Kyrpa supervised the Aequo team, supported by Senior Associate Bohdan Dmukhovskyy.

Allen & Overy did not reply to our inquiry on the matter.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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