NEWS (January 12, 2015)

Asters advised EBRD on its USD 25 million loan to Arricano

Asters acts as a Ukrainian law counsel to the European Bank for Reconstruction and Development (EBRD) in connection with a loan of up to USD 25 million to LLC Comfort Market Luks, a special purpose company ultimately owned by Arricano Real Estate plc.

The proceeds of the EBRD loan will be used to finance the completion and operation of Arricano's new shopping and entertainment centre Prospect in Kiev, which was officially opened on 6 December 2014, and to repay USD 10 million of an existing loan with JSC Oschadbank.

Asters' team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associate Inna Bondarenko.

Subscribe
The Ukrainian Journal of Business Law

Subscribe to The Ukrainian Journal of Business Law right now and enjoy the most relevant issues on doing business in Ukraine on your device or in print.

All this for just USD 9.99 a month.

 

Subscribe now