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Redcliffe Partners and Clifford Chance Advise EBRD on Risk Sharing Arrangements with Raiffeisen Bank Aval

Redcliffe Partners and Clifford Chance Advise EBRD on Risk Sharing Arrangements with Raiffeisen Bank Aval

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Redcliffe Partners has advised the EBRD in relation to the unfunded risk participation agreement with Raiffeisen Bank Aval of a total value of EUR 20 million. On English law, the EBRD was advised by Clifford Chance, while Bank Aval used its internal legal department.

As agreed, the EBRD and Raiffeisen Bank Aval will share credit risk in certain loans to be provided by Raiffeisen Bank Aval to its clients.

According to Redcliffe Partners, "the risk sharing concept is new for Ukraine. To make it work as intended by the parties, Redcliffe developed a number of sophisticated Ukrainian law structures. In addition to this, its lawyers reviewed the risk participation agreement and from the perspective of Ukrainian law, analyzed tax and provisioning issues, and implemented standard EBRD provisions in the local loan and security agreement templates."

Redcliffe’s team included Managing Partner Olexiy Soshenko and Associate Olesia Mykhailenko.

The Clifford Chance team consisted of Managing Partner Jared Grubb and Senior Associate Michael Andersonl.

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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