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AEQUO Advises European Commission on Granting EUR 1 Billion Macro-Financial Assistance to Ukraine

14/ 12/ 2018
  On November 30 the European Commission, on behalf of the EU, approved the disbursement of the first €500 million of the new Macro-Financial Assistance (MFA-IV) program to Ukraine, which amounts to a total of EUR 1 billion. With this disbursement, the total Macro-Financial Assistance extended to Ukraine by the EU since 2014 will reach €3.3 billion, the largest amount of such assistance directed at any non-EU country. The said MFA program is contemplated by the Memorandum of Understanding and the Loan Facility Agreement entered into in September 2018 by Ukraine, as borrower, the National Bank of Ukraine, as agent to the borrower, and the European Union, as lender. Both above documents were ratified by the Ukrainian Parliament on November 8, 2018. AEQUO has advised the European Commission on Ukrainian and international law matters of the transaction and issued a legal opinion in favour of the lender. The team consisted of Partner & Banking & Finance Head Yulia Kyrpa, and Banking and Finance Senior Associate Viktor Panchenko. Of note, this is the fourth macro-financial assistance program of the EU in a row supported by AEQUO Banking & Finance team. About the firm AEQUO is an advanced industry-focused Ukrainian law firm made up of highly qualified, internationally recommended lawyers who work proactively to help their clients reach their business goals. Backed up by solid industry expertise and a thorough understanding of business we develop innovative strategies and provide efficient solutions to the most complex and challenging matters. AEQUO provides integrated legal support in areas such as antitrust and competition, banking and finance law, intellectual property, corporate and commercial law, mergers and acquisitions, taxation, litigation and international arbitration, and capital markets. The list of AEQUO’s representative clients includes leading Ukrainian and international companies and organizations, such as Agroprosperis, Apax Partners, Apollo, Bunge, DuPont, EBRD, European Commission, Google, Inditex Group, NCH Capital, Pioneer Hi-Bred International, Samsung Electronics, Sandvik, Synthon, Tetra Laval, Ukrainian Redevelopment Fund, UniCredit Group, Vodafone Ukraine etc. AEQUO has been named the Most Innovative Law Firm of the Year in Ukraine by IFLR Europe Awards 2018, Law Firm of the Year in Russia, Ukraine and the CIS by The Lawyer European Awards 2017 and one of the most innovative law firms in Europe according to the FT Innovative Lawyers 2015-2018. For additional information please contact Yuliya Chervonookaya Chervonookaya@aequo.ua, +380 44 490 91 00

On November 30 the European Commission, on behalf of the EU, approved the disbursement of the first €500 million of the new Macro-Financial Assistance (MFA-IV) program to Ukraine, which amounts to a total of EUR 1 billion. With this disbursement, the total Macro-Financial Assistance extended to Ukraine by the EU since 2014 will reach €3.3 billion, the largest amount of such assistance directed at any non-EU country.

The said MFA program is contemplated by the Memorandum of Understanding and the Loan Facility Agreement entered into in September 2018 by Ukraine, as borrower, the National Bank of Ukraine, as agent to the borrower, and the European Union, as lender. Both above documents were ratified by the Ukrainian Parliament on November 8, 2018.

AEQUO has advised the European Commission on Ukrainian and international law matters of the transaction and issued a legal opinion in favour of the lender. The team consisted of Partner & Banking & Finance Head Yulia Kyrpa, and Banking and Finance Senior Associate Viktor Panchenko. Of note, this is the fourth macro-financial assistance program of the EU in a row supported by AEQUO Banking & Finance team.

About the firm

AEQUO is an advanced industry-focused Ukrainian law firm made up of highly qualified, internationally recommended lawyers who work proactively to help their clients reach their business goals. Backed up by solid industry expertise and a thorough understanding of business we develop innovative strategies and provide efficient solutions to the most complex and challenging matters.

AEQUO provides integrated legal support in areas such as antitrust and competition, banking and finance law, intellectual property, corporate and commercial law, mergers and acquisitions, taxation, litigation and international arbitration, and capital markets.

The list of AEQUO’s representative clients includes leading Ukrainian and international companies and organizations, such as Agroprosperis, Apax Partners, Apollo, Bunge, DuPont, EBRD, European Commission, Google, Inditex Group, NCH Capital, Pioneer Hi-Bred International, Samsung Electronics, Sandvik, Synthon, Tetra Laval, Ukrainian Redevelopment Fund, UniCredit Group, Vodafone Ukraine etc.

AEQUO has been named the Most Innovative Law Firm of the Year in Ukraine by IFLR Europe Awards 2018, Law Firm of the Year in Russia, Ukraine and the CIS by The Lawyer European Awards 2017 and one of the most innovative law firms in Europe according to the FT Innovative Lawyers 2015-2018.

For additional information please contact Yuliya Chervonookaya

Chervonookaya@aequo.ua, +380 44 490 91 00

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