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Asters Advises Ipnet on Debt-to-Equity Swap

Asters Advises Ipnet on Debt-to-Equity Swap

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Asters has advised Industrial Media Network PrJSC, a provider of telecommunication services in Ukraine, in connection with an intra-group loan restructuring via a debt-to-equity swap.

According to Asters, ”the debt restructuring was the first to be carried out in Ukraine with the use of this instrument in accordance with the new corporate and currency control regulations.” The conversion resulted in the transfer of USD 3 million loan obligations owed to a foreign parent company into additional shares of IPnet.

Asters' team included Partner Vadym Samoilenko and Senior Associate Maryana Sayenko. 

 

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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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