Asters acts as a legal counsel to the European Bank for Reconstruction and Development (EBRD) in connection with its up to EUR 15 million financing to JSC "Farmak", Ukraine’s market leader in pharmaceuticals manufacturing.
The 5-year EBRD loan will be used to support the expansion of Farmak’s production of liquid dosage forms and the modernisation of its laboratories. The increased R&D and manufacturing capacity will help Farmak develop and produce its own new drug formulations, meet relevant EU standards and thus to compete on international markets and boost its exports.
Asters’ banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associates Inna Bondarenko and Viktoria Zagreba.
The European Bank for Reconstruction and Development (EBRD) is the largest international financial investor in Ukraine. Since the start of its operations in the country in 1993, the Bank has made a cumulative commitment of almost €13.6 billion through 432 projects in the country.
Asters is the largest law firm in Ukraine with offices in Kyiv, Washington D.C., Brussels and London. Chambers Europe 2019 recognizes 20 lawyers of Asters – the largest number of the renowned practitioners in a single Ukrainian law firm.