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Baker McKenzie Advises IFC on Channeling EU Funds To Restore War-Damaged Residential Buildings in Ukraine

Baker McKenzie Advises IFC on Channeling EU Funds To Restore War-Damaged Residential Buildings in Ukraine

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The Kyiv office of Baker McKenzie has advised the International Finance Corporation on channeling up to EUR 25 million in EU funds to help Ukrainian homeowners' associations restore war-damaged residential buildings.

According to Baker McKenzie, the program, “launched by the Energy Efficiency Fund, will support Ukrainian families amid the ongoing war and boost the resilience of Ukraine's residential sector. The program will pilot in Kyiv, Zhytomyr, Sumy, and Chernihiv, larger cities in northern and central Ukraine, to cover the costs of restoring multifamily buildings that did not suffer structural damage. The program will cover the replacement of windows, doors, roofs, and walls, among other elements.” 

In November, Baker McKenzie also advised the IFC on channeling up to EUR 25 million in grants to Ukrainian cities to help renovate municipal buildings for internally displaced people (as reported by CEE Legal Matters on November 4, 2022).

Baker McKenzie’s team was led by Managing Partner Serhiy Chorny and Associate Bogdan Dyakovych and included Junior Attorney Polina Korotka.

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