Asters and the Ukrainian office of Egorov Puginsky Afanasiev & Partners have announced that they will merge on October 1, 2018, operating thereafter under a name which they have not yet disclosed.
The Minsk office of Egorov Puginsky Afanasiev & Partners has advised the European Bank for Reconstruction and Development on a six year senior secured loan of EUR 24 million to OMA, the leading Belarusian DIY retail chain, designed to support the company's plans to open up to nine new stores across Belarus by the end of 2019. The borrowers were reportedly represented by Verkhovodko & Partners and Revera, with Valiunas Ellex serving as OMA LLC's Lithuanian counsel, and Baker Botts as the company's English counsel.
Egorov Puginsky Afanasiev & Partners has successfully represented Bank Saint Petersburg in a case against Russian entrepreneur Vitaly Arkhangelsky and Oslo Marine Group Ports LLC before the High Court of Justice. The Court ordered Oslo Marine Group Ports to pay St. Petersburg Bank over RUB 1.5 billion and dismissed the counterclaim of Arkhangelsky and OMG.
The Minsk office of Egorov Puginsky Afanasiev & Partners has advised joint lead managers Citigroup Global Markets Limited and Raiffeisen Bank International AG on the issue and placement of USD 600 million in sovereign Eurobonds by the Republic of Belarus. Clifford Chance advised the banks on English and American law, while White & Case advised Belarus.