Banks & Financial Services

Home page / Expertise / Banks & Financial Services

Key contacts

Armen Khachaturyan

Senior Partner

Iryna Pokanay

Partner

Roman Stepanenko

Partner

Meet the full team

International Desks

practice areas

industry sectors

Banking and finance are our core areas of expertise. Nearly every year the firm and its partners (Armen Khachaturyan, Iryna Pokanay and Roman Stepanenko) are mentioned by prominent Ukrainian and international peer review-based ratings such as IFLR1000, The Legal 500 and Chambers Europe, as being the very best in Ukraine in this field.

Among our clients are the EBRD, IFC, Barclays Capital, Credit Suisse, Deutsche Bank, Dresdner Kleinwort Wasserstein, HSBC, ING Bank, JP Morgan Chase, Bank of America Merrill Lynch, Morgan Stanley, Societe Generale, Standard Bank, Swedbank, UBS Investment Bank, State Savings Bank of Ukraine (Oschadbank), PrivatBank, Ukreximbank, Ukrsibbank, and Ukrsotsbank.

In addition to our expertise in these general matters, we are well known for our innovative solutions to novel and complex legal problems: from securitization up to cash-pooling arrangements. We provide a full range of legal services in banking and finance.

Representative experience:

We have advised leading banks and financial institutions on major projects in Ukraine, including the following:

The European Bank for Reconstruction and Development (EBRD) on a number of major financing projects for a total value exceeding 1 billion USD, including 140 million USD and 100 million USD subordinated loan facilities to PJSC UkrSibbank, the BNP Paribas subsidiary in Ukraine, and a capital increase for UkrSibbank of 3.29 billion UAH.
International Finance Corporate (IFC), part of the World Bank group, in a number of projects with a total value exceeding 1 billion USD, including a loan of up to 100 million USD to Nibulon, one of the largest Ukrainian grain and oilseeds originators and exporters.
EBRD, IFC, and the Black Sea Trade and Development Bank in connection with 190 million USD and 180 million USD financing to the major Ukrainian petroleum distributor Concern Galnaftogaz for the modernization and expansion of its petrol-station network;
China Development Bank (CDB) in connection with a number of agreements on its long-term strategic partnership with Ukrtelecom (a leading Ukrainian national telecommunications operator) and Huawei Technologies (one of the largest Chinese networking and telecommunications equipment and service companies). At the first stage of the long-term partnership, Ukrtelecom expects to receive a credit from the CDB amounting to 50 million USD;
First Ukrainian International Bank (FUIB) in connection with its merger with Dongorbank, including consulting on the banks reorganization issues, drafting necessary documents, and the coordination of the merger process;
Aval Bank in the 1.028 billion USD sale of the controlling stake in the bank to Raiffeisen International;
Swedbank, a leading Nordic banking group, in the 735 million USD acquisition of TAS-Kommerzbank, the creation of the first bank holding group, and the merger of its Ukrainian bank subsidiaries;
Citigroup and Merrill Lynch in regards to a 368 million USD secured loan facility provided to a group of companies, including the software development arm of Flextronics International;
UniCredito Italiano on regulatory issues related to banking, the stock market, and general corporate law. Further, in helping Unicredito obtain approval from the central bank of Ukraine for their merger with Bayerische Hypo- und Vereinsbank AG (HVB Group), a leading German bank;
Standard Bank and BNP Paribas as lead managers in connection with a 100 million USD Eurobond offering by Bank Pivdennyi;
Citigroup and Standard Bank as lead managers in connection with a 100 million USD Eurobond offering by Forum Bank;
Dresdner Kleinwort Wasserstein, JP Morgan Chase, and UBS as lead managers in connection with the Kyiv City 150 million USD Eurobond issue, the first municipal Eurobond offering in Ukraine;
Ukreximbank in connection with a 150 million USD Eurobond issue.

Publications

The National Bank of Ukraine has eased foreign currency restrictions for businesses

Currency control restrictions in 2024 in Ukraine

View all Hide