NEWS (August 27, 2020)

Kinstellar represented QTerminals

On 20 August 2020, the Ministry of Infrastructure of Ukraine, the Ukrainian Sea Ports Authority, the Qatari port operator QTerminals WLL and its Ukrainian subsidiary QTerminals Olvia, in the presence of the Minister of Transport and Communications of the State of Qatar, Jassim Al Sulaiti, and the Minister of Infrastructure of Ukraine, Vladysav Kryklii, signed the agreement for the 35-year concession of Olvia port.

Under the concession agreement, the concessionaire has the exclusive right to operate, manage and develop the Olvia port during the next 35 years. In addition to regular concession payments, under the terms of the agreement the concessionaire will invest up to USD 120 million in the modernisation and development of Olvia port and will contribute an additional USD 2.9 million for the development of the local infrastructure.

The concession of Olvia port is a pilot concession project prepared by the Ministry of Infrastructure of Ukraine with the assistance of the EBRD and the IFC following international best practice.

Kinstellar’s Kyiv office assisted QTerminals on Ukrainian law matters from the start of the project, representing the company during the tender process and the negotiations of the concession agreement through to its successful closing.

Kinstellar’s team advising QTerminals LLC was led by Oleg Matiusha (counsel, head of Real Estate, Construction and Infrastructure in Kyiv) and included Iryna Nikolayevska (partner, head of Corporate/M&A), Andriy Nikiforov (counsel, head of Banking and Finance), Danylo Volkovetskyi (senior associate, General Commercial, Corporate), Viktoriia Dobrynska (senior associate, Corporate), Daryna Ushchapivska, Julia Palaida, Yulia Eismont, Oleksandr Plachynta, associates.

 

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