Asters acted as a Ukrainian law counsel to the International Finance Corporation (IFC), a member of the World Bank Group, in connection with a USD 20 million loan to Nyva Pereyaslavshchyny, Ukraine's second largest pork producer.
IFC's loan will support Nyva with the construction of two new farms, whose operation will be aligned with the EU's Animal Welfare Directive. The loan will also support the company's climate projects, such as installing biomass boilers and manure disposal systems.
Nyva Pereyaslavshchyny is an IFC client since 2015. Apart from this transaction, Asters also provided legal support to IFC in connection with its investments in Nyva in 2018 and in 2020. IFC's support enabled Nyva to create nearly 2,000 new jobs for rural workers and to pay taxes regularly, helping local communities to handle the COVID-19 crisis.
Asters’ banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associates Inna Bondarenko and Viktoria Zagreba.
Asters is the largest law firm in Ukraine with offices in Kyiv, Washington D.C., Brussels and London. Chambers Europe 2021 recognizes 23 lawyers of Asters – the largest number of the renowned practitioners in a single Ukrainian law firm.
For more information about IFC, please visit: www.ifc.org