31 July 2011
Lavrynovych & Partners acts as local adviser on government guarantees securing Ukravtodor’s USD 376m loan

Under an agreement with the international law firm White & Case, Lavrynovych & Partners has advised the Ukrainian Finance Ministry in the process of negotiating and signing a guarantee agreement for a USD 376m (UAH 3bn) long-term loan provided by the Russian Sberbank for the Ukrainian state-run road construction company Ukravtodor. The respective loan agreement was signed on 22 July 2011. The loan was provided for a term of five years.

Ukravtodor intends to use the loan to finance the construction and reconstruction of Ukrainian motor roads, including those intended to be used in preparations for the Euro 2012 football championship.

On the part of Lavrynovych & Partners, legal support for the project at its negotiation, drafting and execution stages was provided by Partner Iryna Marushko, who heads the firm’s Banking & Finance practice, and by Senior Associate Olena Zubchenko.