Asters advises a creditor on debt settlement with one of the largest Ukrainian IT-companies

Asters Law Firm acted as a legal counsel to VTB Bank Ukraine on the settlement of the loan debt of Incom.

As a result of the settlement, the shares of Datagroup pledged in connection with a loan granted to Incom were purchased by Horizon Capital, a private equity fund manager. Horizon Capital has increased its stake in Datagroup, a leading independent telecom operator in Ukraine, to over 70%, assuming operational control of the company.

Asters' banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associate Inna Bondarenko.

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Asters is a full-service independent national law firm that has maintained a strong presence in Ukraine since 1995. Asters has been acknowledged as the Law Firm of the Decade by Ukraine's Legal Awards 2016. The Firm is a two-time winner of the Law Firm of the Year: Ukraine and the CIS award (The Lawyer European Awards 2014 and 2015), Law Firm of the Year (Ukraine) award (Who's Who Legal Awards 2014), Law Firm of the Year award (Ukrainian Legal Awards 2014) and is also named No.1 law firm in Ukraine according to the 2011, 2012, 2013, 2014 and 2015 Top 50 Law Firms Annual National Ranking.