Lavrynovych & Partners Law Firm acted as a legal advisor on Ukrainian law issues in the process of extending a loan provided by Russia’s VTB Capital investment bank in the amount of $2,000,000,000. The relevant agreement between VTB Capital and Ukraine was signed on May 31.
Legal services were provided under the agreement made between Lavrynovych & Partners and White & Case International Law Firm, which acts as a legal advisor for the Ministry of Finance of Ukraine.
As a result of the loan extension, a part of the loan in the amount of $1,000,000,000 and all interest accrued on the full amount of the loan will be paid by Ukraine on June 6, 2012. The other part of the loan in the amount of $1,000,000,000 will be repaid on June 4, 2014.
Legal support for the project was provided by Partner Iryna Marushko, Head of Lavrynovych & Partners’ banking and finance practice, and Senior Associate Olena Zubchenko.
As we mentioned before, in 2010-2011 Lavrynovych & Partners also acted as a legal advisor in the process of extending the same loan. Lavrynovych & Partners has a reputation as one of the country’s best financial advisors. The Firm’s services in Banking and Finance have been recommended by IFLR1000, Finance Monthly Global Awards, Best Lawyers, ACQ Global and a series of other leading rankings.