Deals

Vasil Kisil & Partners advised NICMAS Group

Vasil Kisil & Partners has advised the concern NICMAS (formerly known as UkrRosMetal) on issues related to the corporate restructuring of its group, which includes more than 30 Ukrainian and foreign companies. NICMAS’s core line of business is high-tech machine building and development. The restructuring aims to enhance the group’s transparency and investment appeal and improve its system of corporate governance. Vasil Kisil & Partners’ lawyers have developed comprehensive recommendations for the corporate restructuring of the NICMAS Group subject to the peculiarities of its current structure, the potential tax implications of the restructuring and the relevant regulatory requirements, have proposed a new structure of governing and supevisory bodies for the group’s companies of various levels and have prepared a detailed action plan for restructuring. The project team included professionals from different practice groups, including Volodymyr Igonin, head of the project and counsel, Oleg Makarov, partner and Roman Riabenko, associate.

Redcliffe Partners supported EBRD

Redcliffe Partners supports the EBRD in the launch of the debut EUR 75 million Ukraine Residential Energy Efficiency Financing Facility. The Programme will be available to eligible borrowers through three partner banks in Ukraine, namely, UkrSibbank, OTP Bank and Megabank. Policy-shaping efforts were required to eliminate regulatory barriers and so enable the Programme, allowing Ukraine to successfully debut the Residential Energy Efficiency Financing Facility amongst all the EBRD’s countries of operations. The Redcliffe team supported the EBRD both on transactional law issues, such as the development of project documentation, and on policy shaping efforts required to enable the Programme in Ukraine. Clifford Chance Moscow provided English law advice relating to the Programme. The team included Olexiy Soshenko, managing partner, Dmytro Orendarets, counsel, Olesia Mykhailenko and Ksenia Velychko, junior associates.

Sayenko Kharenko advised EBRD

Sayenko Kharenko acted as legal counsel to the European Bank for Reconstruction and Development on providing a EUR 40 million loan to Kronospan UA, a wood-based panel producer, to finance its capital expenditure. The project assumes upgrading of key production facilities and equipment. The financing raised under the project will also be used by Kronospan UA to invest into a new biomass boiler that should allow to significantly reduce greenhouse emissions.

The total project cost is EUR 67 million, of which EBRD provides EUR 40 million and the rest EUR 27 million will be complemented by Kronospan’s own funding. The team for the current transaction included counsel Anton Korobeynikov, associates Alla Kushnirenko, Marta Lozenko and Taras Shyb, and was led by partner Nazar Chernyavsky.