In “The Buzz” we interview experts on the legal industry living and working in Central and Eastern Europe to find out what’s happening in the region and what legislative/professional/cultural trends and developments they’re following closely. Because the interviews are carried out and published on the CEE Legal Matters website on a rolling basis, we’ve marked the dates on which the interviews were originally published.
Asters and White & Case LLP (UK) have acted as legal counsels to PJSC Ukrzaliznytsia, the Ukrainian public railway company, in connection with the restructuring of USD 500 million 9.5 per cent loan participation notes due 2018. The reprofiling includes exchanging the 2018 notes for the new USD 500 million 9.875 per cent notes due 2021 and an amending of the loan agreement.
Avellum is announcing that it acted as Ukrainian law counsel to the EBRD in connection with a EUR 1.4 million loan facility to the Industrial Group KHASK.
Sayenko Kharenko's antitrust team has provided legal assistance in obtaining merger clearance with the Antimonopoly Committee of Ukraine (AMC) for the EUR 22.8 billion acquisition of Sanofi’s animal health business (“Merial”) by Boehringer Ingelheim through an asset swap in exchange for Boehringer Ingelheim’s consumer healthcare business. The transaction is expected to close in Q4 2016, subject to appropriate regulatory approvals globally.
Sayenko Kharenko has acted as legal counsel to Public Joint Stock Company "State Savings Bank of Ukraine" (Oschadbank) in connection with an uncommitted trade finance guarantee facility of up to EUR 50 million provided by the EBRD to Oschadbank as an issuing bank under the EBRD’s Trade Facilitation Program.
On October 31, 2016, CEELM reported that the Ukranian start-up eTachki had obtained USD 1 million investment from local capital fund TA Ventures. We asked the Head of Legal at eTachki, Marina Makarova, to tell us more about the deal and the structure of her in-house legal team.
On March 8, 2016, CEE Legal Matters reported that Sayenko & Kharenko had advised Sberbank on the restructuring of a sovereign-guaranteed loan to Yuzhnoya’s State Design Office and the Road Agency of Ukraine (Ukravtodor) with an outstanding principal balance of approximately USD 367 million and had advised Sberbank and Citibank on the restructuring of another loan to Ukravtodor with an outstanding principal balance of EUR 37.3 million. Linklaters advised the banks on matters of English law, and Avellum acted as Ukrainian counsel to the Ministry of Finance of Ukraine on both matters.
Graham Conlon is a Partner and English-qualified solicitor at CMS, where he is the Co-Head of International Private Equity and the Head of Corporate and M&A in Kyiv. He divides his time between Warsaw and Kyiv and has a regional role and advises on private equity and M&A transactions throughout Europe and beyond.