News (#09 September 2018)


Dentons advised Better Energy A/S and NEFCO on Ukraine solar park

Dentons acted as legal counsel to Danish company Better Energy A/S and the Northern Environmental Financial Corporation (NEFCO) in connection with the construction of a 19 MW solar park in Ukraine. The total investment for the project is EUR 6.6 million.
The new solar power plant will be constructed in the southern part of Zhytomyr Region. The aim is to start producing green electricity for the Ukrainian grid in 2018. The solar plant is expected to produce 6,660 MWh of green electricity per year, providing more than 1,000 homes with green electricity.

Dentons team in Ukraine was led by partner Adam Mycyk with significant input from counsel Maksym Sysoiev and associates Nikolay Zhovner, Anzhelika Livitska and Viktor Marchan.


ANK advised port operator of Odessa Port

ANK acted as a legal counsel to Brooklyn-Kyiv LLC — port operator of Odessa Port in a project related to the conclusion of a group of lease agreements for land plots granted for realization of the investment project on construction of a grain transshipment complex. The project is partly financed by the EBRD. As a result, lease agreements for a group of land plots located on port territory were concluded with a lease term until 2025. Odessa Regional State Administration acted as the lessor. The total value of the deal exceeded USD 1 million.

The work of the ANK team included drafting of land lease agreements, coordinating their content with the lessor, organizing the process for obtaining extracts on normative monetary assessment of land plots and other documents, organizing notarization of the agreements and registration of lease rights in the register. The team for the project included attorneys-at-law Dmytro Kolodiazhnyi, Nadiia Sofron kova and associate Oleksii Liuboshets under general supervision of the managing partner Oleksandr Kyfak.


Asters advised EBRD on up to USD 3.86 million financing to Energoresurs-Invest

Asters acted as a legal counsel to the European Bank for Reconstruction and Development (EBRD) in connection with its up to USD 3.86 million financing to
Energoresurs-Invest Corporation, a leading provider of insulated steel pipe solutions and manufacturer of wastewater plastic pipes and drainage systems.

A six-year senior secured local currency loan (equivalent USD 3.86 million) will be used to restructure the company’s balance sheet and acquire equipment for production of goffered polymer pipes and large-diameter polymer vessels. The project will also receive EU funds provided under the EU4Business program to the tune of up to EUR 200,000 for pre— and post-investment support.

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


DLA Piper advised Atlantic Agro Holdings and DUI Holding

DLA Piper has advised Atlantic Agro Holdings and DUI Holding on the sale of three companies: Kyiv Atlantic Ukraine (KAU), Atlantic Farms and Atlantic Farms II, which together formed Kyiv Atlantic Group, a grain, oil seed and vegetable protein processing agroholding.

Located in Kyiv Region, KAU has been operating in Ukraine for 28 years. Kyiv Atlantic Group was equally owned by the Sweere Family — David, Tamara and son Daniel — and Danish company DUI Holding.

The DLA Piper team in Denmark was led by corporate partner Karsten Pedersen, Anastasiya Bolkhovitinova (legal director), with DLA Piper Ukraine responsible for Ukrainian part of the transaction. The firm’s advice included transaction structuring, assistance at negotiations with counterparties and banks as well as advising on various corporate and regulatory matters.


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