Asters Advises NEFCO on the Financing of Unique Environmental Projects in Ukraine20.08.2008. Asters has acted as legal adviser to the Nordic Environmental Finance Corporation (NEFCO), an international finance institution specializing in the support and development of environmental projects, on a loan facility provided to Closed Joint-Stock Company Joint Stock Bank “Lviv” (Bank Lviv). NEFCO was established through a treaty between the Kingdom of Denmark, the Republic of Finland, the Republic of Iceland, the Kingdom of Norway and the Kingdom of Sweden, with its headquarters in Helsinki, Finland. NEFCO’s activities are focused on projects that achieve cost-effective environmental benefits in Central and Eastern European countries, including Russia, Belarus and Ukraine. The loan will be utilized to co-finance the Energy Savings Loan Program of Bank Lviv which will provide loans to individuals and entities for investments in environment-friendly technologies and energy-saving projects. Asters’ banking, finance law and securities team advising on the transaction included partner Iryna Pokanay and associate Gabriel Aslanian.
Asters is a Kyiv-based Ukrainian law firm founded in 1995 as Shevchenko Didkovskiy & Partners. The firm is among the most recommended law firms for Ukraine according to reputable international legal directories The Legal 500, PLC Which Lawyer?, Chambers Global, IFLR 1000, and Ukraine’s legal market research publications. A list of the firm’s clients includes major international corporations, such as Beiersdorf AG, Coca-Cola, Damen Shipyards Group, News Corp., Nissan Motor, Nokia Corporation, Philip Morris, Telenor ASA, Toshiba Corporation, and the world’s leading financial institutions Barclays Capital, Citibank, Deutsche Bank, Dresdner Kleinwort Wasserstein, EBRD, IFC, ING Bank, Standard Bank and Swedbank AB. For more information please contact |
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