Avellum acted as Ukrainian legal counsel to the EBRD in connection with a senior secured loan of up to EUR 1.3 million to the Kyiv Medical University.
The loan will be used by KMU to expand its dentistry and pharmacy education programs through the acquisition of a new campus building, which will accommodate additional 1,000 students per year. The loan is the first from the EBRD to an academic institution in Ukraine.
KMU is one of the largest Ukrainian private universities and the only private medical university of such a large scale (approximately 2,700 students, with 30% being foreign, from 56 countries). The primary fields of specialization for KMU are dentistry and pharmacy, taught in Ukrainian, Russian, and English. According to Avellum, "KMU is recognized as a medical academic institution by the World Health Organization, and it is listed in the World Directory of Medical Schools, IMED, and Avicenna Database.
Since the start of the EBRD's operations in Ukraine in 1993, it has made a cumulative commitment of almost EUR 12.1 billion across some 400 projects in the country.
The Avellum team was led by Senior Partner Glib Bondar, with support from Counsel Maria Tsabal and Junior Attorney Anna Kalabska.
