NEWS (March 10, 2017)

Asters advised on the first ever issuance of multimillion customs guarantee in Ukraine

Asters acted as a legal counsel to ED&F Man in connection with issuing of UAH 195 million customs guarantee by Ukrgasbank in favor of the State Fiscal Service of Ukraine for ED&F Man. This project was the first in Ukraine to involve customs guarantee issued by a Ukrainian bank.

PJSC Joint Stock Bank "Ukrgasbank" is among top 10 banks of Ukraine in terms of total assets, according to the National Bank of Ukraine.

Ukrainian Sugar Company LLC, ED&F Man's subsidiary in Ukraine, operates the sugar plant near Mykolaiv and has 10.000 ha of land under cultivation in Mykolaiv region.

Asters' team advising on the project consisted of partner Oleksiy Khomyakov and associate Oksana Legka.

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