CMS has advised EBRD on its issue of a USD 35 million loan to the Louis Dreyfus Company, a global agricultural trader, to help it establish its own railcar logistics business in Ukraine. Everlegal provided Ukrainian law assistance to lead legal counsel Orrick in advising the Louis Dreyfus Company on the deal.
The funds from the loan will be used to acquire up to 1,000 grain-hopper railcars, which will allow grain-handling logistics while reducing truck transport and lowering annual carbon dioxide emissions by 8,510 tonnes. According to Everlegal, this will enable the Louis Dreyfus Company to "diversify its means of transporting grains from the country’s agricultural areas to its ports."
CMS Warsaw Partner Mark Segall, who led his firm's team on the deal, reported that "the investment will add significant capacity to facilitate grain-handling logistics and will undoubtedly boost Ukraine’s already considerable reputation as an agricultural leader in European markets.”
The CMS team was led by Warsaw Partner Mark Segall and included Partner Eduard Scheenstra and Attorney-at-Law Jenny Noordermeer in Amsterdam, Senior Associates Monika Kowara in Warsaw and Vyacheslav Ovechkin in Kyiv, and Lawyer Ivan Pshyk in Kyiv.
The Everlegal team was co-led by Partners Andriy Olenyuk and Yevheniy Deyneko, assisted by Senior Associates Yuliya Kylchynska and Mykhailo Gurin, Associate Adriana Kryveshko, and Junior Associate Olha Horodniuk
Editor's Note: After this article was published, Orrick informed CEE Legal Matters that its team consisted of Geneva-based Partners James Hargrove and Herve Touraine and Paris-based Partner Emmanuel Ringeval.