Deals
Baker & McKenzie advised EBRD on term loan facility for Nibulon
Baker & McKenzie acted as Ukrainian law counsel to the European Bank for Reconstruction and Development in connection with a new USD 25 million term loan facility for Nibulon, Ukraine’s leading grain trader, logistic operator and exporter. This new transaction follows an EBRD syndicated loan facility of up to USD 130 million to Nibulon, signed in August 2014. The firm’s team was led by Kiev partner Ihor Olekhov with support from associates Maksym Hlotov, Victoria Ischenko, Ganna Smyrnova and Serhiy Mykhaylyk.
Avellum Partners and Baker & McKenzie advised on exchange offer of Metinvest
Avellum Partners acted as Ukrainian legal counsel to Deutsche Bank AG, London Branch and ING Bank N.V., London Branch, who acted as dealer managers, in connection with the exchange offer of Metinvest B.V. for its USD 500 million 10.25% guaranteed notes due 2015, coupled with the new issue of USD 289.7 million 10.5% guaranteed notes due 2017 under its USD 1,5 billion Guaranteed Medium Term Note Programme and a 25% cash consideration. The Bank of New York Mellon, London Branch acted as the Exchange Agent.
The team of Avellum Partners was led by partner Glib Bondar with significant input from associates Artem Shyrkozhukhov, Taras Dmukhovskyy, Anna Melnychuk, and Olena Polyakova.
The Kiev, London and Amsterdam offices of Baker & McKenzie acted as legal counsel to Metinvest B.V. The Kiev office team included partner Serhiy Chorny, senior associate Andriy Nikiforov and associates Victoria Ischenko, Maksym Hlotov and Ganna Smyrnova.
Asters — Ukrainian law counsel to the EBRD in connection with a loan to Farmak
Asters acted as a Ukrainian law counsel to the European Bank for Reconstruction and Development in connection with a loan of up to EUR 8.5 million to JSC Farmak. The financing will be used for working capital needs to finance foreign trade supplier payments for raw materials, parts and services and for the refinancing of short-term debt from local banks. Asters’ team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associate Inna Bondarenko.
Gide — Ukrainian advisor for Mitsubishi Heavy Industries, Ltd
The Kiev office of Gide Loyrette Nouel acted as a Ukrainian counsel for Mitsubishi Heavy Industries, Ltd on the Ukrainian law aspects of establishing a joint venture with Siemens AG in the business of metallurgical technologies. The project resulted in the creation of Primetals Technologies, Ltd headquartered in the United Kingdom and acquisition of SIEMENS VAI Metals Technologies, a Ukrainian limited liability company which was carved-out from Siemens Ukraine. With this joint venture both partners are forming a globally operating complete provider for plants, products and services for the iron, steel and aluminum industry. Mitsubishi will hold 51% and Siemens will hold 49% in the share capital of the JV. Gide Loyrette Nouel’s team of the Kiev office was led by senior associate Illya Tkachuk under the supervision of partner Bertrand Barrier.
AstapovLawyers advised Rolls-Royce
AstapovLawyers International Law Group has advised Rolls-Royce Holdings Plc on Russian and Kazakh law matters in connection with the sale of gas turbine and compressor business for USD 1.32 billion to Siemens AG.
AstapovLawyers team included partners Oleh Malskyy and Antonina Yaholnyk, counsels Maxim Uslistyi and Andrey Samoilov, associates Kontyantyn Derbyshev, Marina Agaltsova, Anna Arutunian.
Baker & McKenzie advised Agroton Public Limited
The London and Kiev offices of Baker & McKenzie acted as legal counsel to Agroton Public Limited in connection with solicitation of consents of holders of its USD 50 million 12.50% Guaranteed Notes due 2019 listed on the main market of the London Stock Exchange. The issuer requested the note holders consent to make amendments to the terms and conditions of the Notes in connection with the substantial losses that Agroton had suffered as a result of the ongoing conflict in Lugansk Region, where the main production facilities of the issuer are located. The Kiev team comprised senior associate Andriy Nikiforov and associate Victoria Ischenko.
