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CMS Advises ING Bank on Restructuring ViOil Financing

CMS Advises ING Bank on Restructuring ViOil Financing

Ukraine
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CMS has advised ING Bank N.V. on restructuring the financing facility for vegetable oil producer and exporter ViOil Group to reflect changes in ViOil's corporate structure.

CMS reports that it "supported the syndicate of banks led by ING on the initial USD 80 million financing granted back in 2017, which was extended and increased to USD 100 million in 2018." It has now assisted with “further amendments to the facility aimed at improving the group’s leverage according to its new capital management and business plan.”

CMS’s team included Warsaw-based Partner Mark Segall, Kyiv-based Partner Ihor Olekhov, Counsel Kateryna Chechulina, Associate Khrystyna Korpan, and Lawyer Ivan Pshyk, and Amsterdam-based Partner Eduard Scheenstra and Lawyer Jenny Noordermeer.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.