Sayenko Kharenko has announced that it acted as Ukrainian legal counsel to J.P. Morgan Securities plc and ING Bank N.V., London Branch, joint lead managers of the debut USD 500 million Eurobond issue by Kernel Holdings S.A.
Avellum has acted as Ukrainian legal counsel to longstanding client Kernel Holding S.A. in connection with an offering of its USD 500 million 8.75% guaranteed notes due 2022. The notes are expected to be rated B+ by Fitch and B by S&P, two notches and one notch above the Ukrainian sovereign respectively.
Avellum has acted as a Ukrainian law counsel to a bondholder group composed of holders of senior notes issued by DTEK Finance plc in connection with the long-term restructuring of the notes as part of the long-term restructuring of the debts of the DTEK Energy group.
Avellum has acted as Ukrainian legal counsel to Canada Pension Plan Investment Board (CPPIB) in connection with its acquisition of an approximately 48% stake in GlobalLogic Inc. from Apax Funds. Latham & Watkins acted as the global legal advisor to CPPIB, while Avellum's advice covered matters of Ukrainian corporate law, including the structuring of employment relations with private entrepreneurs, enforceability of non-disclosure clauses in employment contracts, and intellectual property matters, in particular transfer of proprietary rights to intellectual property created by employees of GlobalLogic Ukraine LLC.
In “The Buzz” we interview experts on the legal industry living and working in Central and Eastern Europe to find out what’s happening in the region and what legislative/professional/cultural trends and developments they’re following closely. Because the interviews are carried out and published on the CEE Legal Matters website on a rolling basis, we’ve marked the dates on which the interviews were originally published.
Avellum is announcing that it acted as Ukrainian law counsel to the EBRD in connection with a EUR 1.4 million loan facility to the Industrial Group KHASK.
Avellum has acted as Ukrainian legal counsel to AGCO in connection with its successful application for merger control clearance from the Antimonopoly Committee of Ukraine for its EUR 310 million acquisition of Cimbria. Herbert Smith Freehills acted as global legal advisor to AGCO.
Avellum, working alongside lead legal counsel to Latham & Watkins, has acted as Ukrainian legal counsel to Onex Corporation and Baring Private Equity Asia (“Baring Asia”) in connection with their USD 3.55 billion acquisition of Thomson Reuters’ Intellectual Property & Science Business. Allen & Overy reportedly advised Thomson Reuters on the deal.
In The Corner Office, we invite Managing Partners at law firms from across the region to share information about the strategies they employ to keep their teams motivated, effective, and focused. For this issue, we asked them to reveal what sorts of firm retreats and activities they host and/or organize for their lawyers.
Avellum has acted as Ukrainian law counsel to the EBRD in connection with the renewal of a USD 40 million secured syndicated pre-export loan facility to the Industrial Group ViOil.
Sayenko Kharenko has provided Ukrainian legal advice to lead managers Citigroup, J.P. Morgan, and Morgan Stanley and Avellum has acted as Ukrainian counsel to the Ministry of Finance of Ukraine on the third USD 1 billion Eurobond issuance by Ukraine, fully guaranteed by the United States of America, acting through the US Agency for International Development (USAID). The bonds were placed at 1.471% per annum — the lowest interest rate in Ukraine's history — and are due 2021.