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Avellum Advises EBRD on First Financing of Academic Institution in Ukraine

Avellum Advises EBRD on First Financing of Academic Institution in Ukraine

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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.

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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