Asters acted as Ukrainian law counsel to the International Finance Corporation in connection with a USD 20 million loan to Nyva Pereyaslavshchyny, Ukraine's second largest pork producer.
The IFC's loan will allow Nyva to construct two new farms, operating in alignment with the EU's Animal Welfare Directive. The loan will also support the company's climate projects, such as installing biomass boilers and manure disposal systems.
Nyva Pereyaslavshchyny has been an IFC client since 2015. Apart from this transaction, Asters also provided legal support to IFC in connection with its investments in Nyva in 2018 and in 2020 (as reported by CEE Legal Matters on June 26, 2018, and July 22, 2020, respectively). According to Asters, "IFC's support enabled Nyva to create nearly 2,000 new jobs for rural workers and to pay taxes regularly, helping local communities to handle the COVID-19 crisis."
Asters’ team advising on this most recent loan consisted of Partner Iryna Pokanay, Counsel Gabriel Aslanian, and Associates Inna Bondarenko and Viktoria Zagreba.