CMS advised Bank of Cyprus on post-completion matters following the sale of its Ukrainian subsidiary

30/ 04/ 2020
  CMS Cameron McKenna Nabarro Olswang in Kyiv advised Bank of Cyprus on various post-completion Ukrainian law matters following the sale of the Ukrainian subsidiary of Bank of Cyprus and associated debt to Alfa Group in 2014.  In particular, CMS supported the client with the restructuring and other changes to the loan portfolio covered by the sale transaction, as well as with implementation of the amended terms of the sale transaction, including establishment and further, just recent, release of associated security. CMS also advised the client on the refinancing by EBRD of EUR 68m facility for construction of the largest shopping, exhibition and office centres in Odesa (Riviera Property Complex) owed by Ukrainian asset holding company Novi Biznes Poglyady. CMS team included, among others, Partners Tetyana Dovgan (Corporate/M&A), Ihor Olekhov (Banking & Finance), Kateryna Chechulina (Counsel, Banking & Finance) and Diana Pysarenko (Lawyer, Corporate/M&A). -END- For further information, please contact: Darina Gordienko, Senior Business Development Executive E: darina.gordienko@cms-cmno.com T: +38 044 391 3377 NOTES TO EDITORS About CMS CMS provides clients with specialist, business focused advice in law and tax matters. With our 4,500 legal professionals across the world, working in sector-based teams and expert in project management, our focus is on our clients and fulfilling their objectives. CMS is a full-service top 10 global law firm, based on the number of lawyers (Am Law 2018 Global 100). With 70+ offices in 40+ countries across the world, revenues totalled €1.36bn in 2018. CMS acts for the majority of the DAX 30, a large number of the FT European 500 and a number of Fortune 500 companies. CMS provides a wide range of expertise across 19 expert practice and sector areas including Banking and Finance, Commercial, Competition, Corporate, Dispute Resolution, Employment, Energy, Funds, Intellectual Property, Life Sciences/ Pharmaceuticals, Real Estate & Construction, Tax and TMT. For more information, please visit www.cms.law CMS offices and associated offices: Aberdeen, Algiers, Amsterdam, Antwerp, Barcelona, Beijing, Belgrade, Berlin, Bogotá, Bratislava, Bristol, Brussels, Bucharest, Budapest, Casablanca, Chile, Cologne, Colombia, Dubai, Dusseldorf, Edinburgh, Frankfurt, Geneva, Glasgow, Hamburg, Hong Kong, Istanbul, Johannesburg, Kyiv, Leipzig, Lima, Lisbon, Ljubljana, London, Luxembourg, Luanda, Lyon, Madrid, Manchester, Medellín, Mexico City, Milan, Mombasa, Monaco, Moscow, Munich, Muscat, Nairobi, Paris, Podgorica, Prague, Peru, Reading, Rio de Janeiro, Rome, Santiago de Chile, Sarajevo, Seville, Shanghai, Sheffield, Singapore, Sofia, Strasbourg, Stuttgart, Tirana, Utrecht, Vienna, Warsaw, Zagreb and Zurich.

CMS Cameron McKenna Nabarro Olswang in Kyiv advised Bank of Cyprus on various post-completion Ukrainian law matters following the sale of the Ukrainian subsidiary of Bank of Cyprus and associated debt to Alfa Group in 2014.  In particular, CMS supported the client with the restructuring and other changes to the loan portfolio covered by the sale transaction, as well as with implementation of the amended terms of the sale transaction, including establishment and further, just recent, release of associated security. CMS also advised the client on the refinancing by EBRD of EUR 68m facility for construction of the largest shopping, exhibition and office centres in Odesa (Riviera Property Complex) owed by Ukrainian asset holding company Novi Biznes Poglyady.

CMS team included, among others, Partners Tetyana Dovgan (Corporate/M&A), Ihor Olekhov (Banking & Finance), Kateryna Chechulina (Counsel, Banking & Finance) and Diana Pysarenko (Lawyer, Corporate/M&A).

-END-

For further information, please contact:

Darina Gordienko, Senior Business Development Executive

E: darina.gordienko@cms-cmno.com

T: +38 044 391 3377

NOTES TO EDITORS

About CMS

CMS provides clients with specialist, business focused advice in law and tax matters. With our 4,500 legal professionals across the world, working in sector-based teams and expert in project management, our focus is on our clients and fulfilling their objectives.

CMS is a full-service top 10 global law firm, based on the number of lawyers (Am Law 2018 Global 100). With 70+ offices in 40+ countries across the world, revenues totalled €1.36bn in 2018. CMS acts for the majority of the DAX 30, a large number of the FT European 500 and a number of Fortune 500 companies.

CMS provides a wide range of expertise across 19 expert practice and sector areas including Banking and Finance, Commercial, Competition, Corporate, Dispute Resolution, Employment, Energy, Funds, Intellectual Property, Life Sciences/ Pharmaceuticals, Real Estate & Construction, Tax and TMT.

For more information, please visit www.cms.law

CMS offices and associated offices: Aberdeen, Algiers, Amsterdam, Antwerp, Barcelona, Beijing, Belgrade, Berlin, Bogotá, Bratislava, Bristol, Brussels, Bucharest, Budapest, Casablanca, Chile, Cologne, Colombia, Dubai, Dusseldorf, Edinburgh, Frankfurt, Geneva, Glasgow, Hamburg, Hong Kong, Istanbul, Johannesburg, Kyiv, Leipzig, Lima, Lisbon, Ljubljana, London, Luxembourg, Luanda, Lyon, Madrid, Manchester, Medellín, Mexico City, Milan, Mombasa, Monaco, Moscow, Munich, Muscat, Nairobi, Paris, Podgorica, Prague, Peru, Reading, Rio de Janeiro, Rome, Santiago de Chile, Sarajevo, Seville, Shanghai, Sheffield, Singapore, Sofia, Strasbourg, Stuttgart, Tirana, Utrecht, Vienna, Warsaw, Zagreb and Zurich.

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