Sorainen has advised the EBRD on Belarusian law matters in connection with the lending of USD 15 million to the Modern-Expo group.
The Modern-Expo group was founded in 1993, and Sorainen describes it as, “one of the largest manufacturers and suppliers of fixtures in Central and Eastern Europe.” The list of its clients includes such major international retailers as Auchan, Carrefour, Billa, and Nestle.
The seven-year loan will be used to increase production volumes at the company's two principal manufacturing sites in Lutsk, Ukraine, and in Vitebsk, Belarus, as well as to restructure the group balance sheet.
The Sorainen Belarus team included Senior Associates Ann Laevskaya and Aliaksei Daryin, Legal Assistant Artem Melnikovich, and Country Managing Partner Kiryl Apanasevich.
Sorainen explained that it was unable to disclose the identity of counsel for Modern-Expo.