Aequo has advised Piraeus Bank Ukraine on Ukrainian law matters related to an uncommitted trade facility of up to EUR 5 million from the European Bank for EBRD.
The loan was made within the EBRD’s Trade Facilitation Program (TFP), which is designed to promote international trade to, from, and within the EBRD countries of operations, including Ukraine. Through the Program, the EBRD provides guarantees to international confirming banks, taking the political and commercial payment risk of international trade transactions undertaken by banks in the countries of operations.
The Aequo team was led by Partner Yulia Kyrpa, who reported that “it was a privilege to have contributed to the implementation of the EBRD’s Trade Facilitation Programme and Piraeus Bank’s strategy of financing the Ukrainian real sector of economy. Having EBRD as a guarantor will enable Piraeus Bank to increase the volume of export and import operations of its customers. This is an important transaction for Piraeus Bank, our longstanding client, and demonstrates Aequo’s strengths in banking and finance."
Kyrpa was supported by Aequo Senior Associate Denys Kulgavyi and Associate Valeriy Savva.
Aequo informed CEE Legal Matters that it was unaware which firm had advised the EBRD on the matter.
