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Banking and finance are the areas of our core expertise. Nearly every year the firm and its partners Armen Khachaturyan, Iryna Pokanay and Svitlana Poroschuk are noted as being the very best in Ukraine in this field by prominent Ukrainian and international peer review-based ratings.

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

Firm recognition:

  • Highly recommended firm in banking and finance, IFLR1000 2018
  • Band 1 law firm for banking and finance, Chambers Global 2017
  • Band 1 law firm for banking and finance, Chambers Europe 2017
  • Tier 1 firm in banking and finance, The Legal 500: EMEA 2017
  • One of the Top 5 law firms in banking and finance, Ukrainian Law Firms 2017. A Handbook for Foreign Clients
Representative experience:

We regularly advise major companies from various industries on capital markets transactions:

  • PJSC Ukrzaliznytsia, a Ukrainian public railway company, in connection with the 500 million USD restructuring of its 9.5 per cent loan participation notes due in 2018. Asters had an advisory role including full legal support on Ukrainian law matters, assistance in negotiating and drafting transaction documents, the registration of amendments to foreign loans with the National Bank of Ukraine, assistance in obtaining all necessary regulatory approvals, as well as advising on banking and finance and other Ukrainian legal matters;

  • Citigroup, Credit Suisse Securities (Europe) Limited, Goldman Sachs International, Sberbank CIB, Dragon Capital (Cyprus) Limited, and UniCredit Bank Austria AG on the placement of 400 million USD worth of 9.45% notes on the Irish Stock Exchange by Mriya Agro Holding;

  • VimpelCom, a leading international telecommunications holding and a parent of the leading Ukrainian mobile telecom operator Kyivstar, on its 2.2 billion USD Eurobond issuance by its subsidiary VimpelCom Holdings B.V.;

  • The State Road Agency of Ukraine in connection with a 14 billion UAH (approximately 1.75 billion USD) private domestic placement of bonds with 3, 5 and 7 year maturity;

  • EasyDate, an international IT company with major operations located in Ukraine, on Ukrainian law issues in connection with its IPO on the London Stock Exchange Alternative Investment Market - the first Ukrainian IT sector IPO on international markets;

  • Bank of America Merrill Lynch, The Royal Bank of Scotland, UBS Investment Bank, and Dragon Capital on the 250 million USD debut issue of Eurobonds by Mriya Agro Holding Public Limited, one of the leading agricultural groups in Ukraine;

  • Morgan Stanley and ABN AMRO as lead managers in connection with a 250 million USD Eurobond offering by Mironivsky Hliboproduct;

  • Dresdner Kleinwort Wasserstein, JP Morgan Chase, and UBS as lead managers in connection with a Kiev City 150 million USD Eurobond issue - the first municipal Eurobond offering in Ukraine;

  • RUSAL, a major international producer of aluminium, in connection with the due diligence of Mykolayiv Alumina Plant for the purposes of RUSAL's IPO on the Hong Kong Stock Exchange;

  • 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 as lead manager in a debut 100 million USD Eurobond offering by UkrSibbank;

  • Ukreximbank in connection with a 150 million USD Eurobond issue.

Featured services:

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

Publications
Financial Arbitration Procedure in Ukraine
Shedding light on bank ownership
NBU has cancelled the registration requirement for the loan agreements between the local borrowers and international financial institutions
NBU has permitted to purchase foreign currency for payments under the suretyships covering the obligations of the local debtors
NBU permitted creditors to apply for registration of assignment under cross-border loan agreements
National Bank of Ukraine Alleviates Currency Control Rules
The long-awaited financial restructuring law has come into force
NBU reiterates its currency restrictions
NBU substitutes the loan assignment prohibition with enhanced control over cross-border loan agreements registration
NBU reiterates its currency restrictions
NBU extends the term of foreign lender loans prepayment prohibition
NBU introduces incentives to support prolongation of LPN and subordinated debt maturity
Banks may refuse to return deposits prior to their maturity
NBU extends the term of foreign lender loans prepayment prohibition
NBU to impose sanctions on the banks lacking transparent ownership structure
NBU obliges banks to provide monthly reports on their affiliated persons
Moratorium on Payment of Dividends by the Banks
NBU: Currency Legislation and FEZ Crimea
NBU Extends the Term of Foreign Lender Loans Prepayment Prohibition
Imposition of Moratorium on Foreclosure of Ukrainian Citizens' Property Provided as Collateral for Foreign Currency Loans
NBU extends the term of foreign lender loans prepayment prohibition until 1 September 2014
Ukrainian banks are restricted doing banking business in Crimea
NBU Extends the Term of Foreign Lender Loans Prepayment Prohibition (update)
NBU Introduces Prohibition of Prepayment of Loans Provided by Foreign Lenders
25 March 2014
Ukraine's National Bank Prohibits Currency Purchase for the Loans Early Repayment
Certain Controversial Issues Regarding Transfer of Rights and Obligations from Banks Undergoing Reorganization to Successor Banks
SCU Clarified the Right of Individuals and Legal Entities to Extend Interest Bearing Loans
The National Bank of Ukraine Introduces Changes to Cash Funds Transfer Procedure over the Customs Border of Ukraine
NBU Introduces Changes to Cross-Border Loan Registration Procedure
Parliament Allows Payments in Hryvnia in Cross-Border Trade
NBU Main Department in the City of Kyiv and Kyiv Region Specifies Requirements to Loan Agreements with Foreign Lenders Submitted for Registration
Rules for Provision of Consumer Loans in Ukraine Changed
Standing concern
For further information please contact
Parliament changes the procedure of acquisition of a substantial interest in Ukrainian banks
Ukraine's National Bank Requires Individual Licenses for Payments by Ukrainian Sureties to Foreign Creditors
National Bank reintroduces reserve requirements for short-term funds attracted by Ukrainian banks from abroad
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