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Avellum and White & Case Advise on IBRD-Supported Financing for Ukraine

Avellum and White & Case Advise on IBRD-Supported Financing for Ukraine


Avellum acted as Ukrainian legal counsel and White & Case provided English-law advice to the Ministry of Finance of Ukraine in connection with two syndicated EUR-denominated facilities arranged by Deutsche Bank in December 2018 and March 2019 for a total amount equivalent to approximately USD 1 billion. Sayenko Kharenko and Clifford Chance reportedly advised Deutsche Bank. Reed Smith reportedly was English law counsel to the facility agent, TMF Global Services Limited.

Both facilities benefited from a policy-based guarantee from the International Bank for Reconstruction and Development, which, Avellum reports, "allowed for attractive commercial terms, including the 4.5-year grace period for a substantial portion of the financing."

The Avellum team was led by Senior Partner Glib Bondar, with support from Associates Oleg Krainskyi, Anastasiya Voronova, and Oleksandra Kupriichuk.

The White & Case team included London-based Partners Ian Clark and James Hardy, Stockholm-based Counsel Michael Bark-Jones, and London-based Associate Sarah Goodwin.

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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