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Avellum Advises Ukraine's Ministry of Finance on EU Micro Financial Assistance Program

Avellum Advises Ukraine's Ministry of Finance on EU Micro Financial Assistance Program

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Avellum has advised the Ukrainian Ministry of Finance in connection with a new macro-financial assistance program from the European Union.

According to Avellum, "the MFA negotiated by Ukraine with the EU ... is aimed at helping to overcome economic ramifications of the Covid-19 pandemic. To that end, the program includes a total of EUR 1.2 billion financing. The funds will be disbursed in two EUR 600 million tranches, the first of which will be granted after the related loan agreement and the memorandum of understanding take formal effect. On 25 August 2020, the Parliament of Ukraine passed the ratification law required to complete effectiveness formalities."

Avellum's team was led by Senior Partner Glib Bondar and included Associates Oleg Krainskyi, Mariana Veremchuk, and Mykola Falko.

Avellum at a Glance

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