Lavrynovych & Partners Law Firm acted as a Ukrainian law adviser in the process of providing state guarantees for raising an $85,000,000 long-term loan facility to reconstruct and modernize the mines of LisichanskUgol OJSC.
The loan agreement was signed by China Development Bank, a state-run Chinese bank, and the Ministry of Finance of Ukraine on December 28, 2011. This is the first time in history that China Development Bank has extended a loan to a Ukrainian enterprise.
According to the agreement with LisichanskUgol OJSC, Lavrynovych & Partners Law Firm provided legal support during the negotiation and execution of the guarantee agreement. White & Case International Law Firm acted as a legal adviser for the Ministry of Finance of Ukraine.
Legal support at all the stages was provided by Partner Iryna Marushko, Head of Lavrynovych & Partners’ banking and finance practice, and Senior Associate Olena Zubchenko.