fbpx
Size of letters 1x
Site color
Image
Additionally
Line height
Letter spacing
Font
Embedded items (videos, maps, etc.)
 

Redcliffe Partners advised the EBRD on risk-sharing arrangements with Piraeus Bank Ukraine

25/ 02/ 2020
  Redcliffe Partners acted as legal counsel to the EBRD in relation to a risk participation agreement with Piraeus Bank Ukraine with a total value of EUR10 million. The EBRD will share the credit risk in eligible individual loans made by Piraeus Bank to domestic businesses. In order to become eligible, borrowers will need to comply with the highest business standards and conduct their business with due diligence and efficiency, in accordance with sound engineering, financial and business practices. The risk sharing will help increase the size and tenor of loans which are provided by Piraeus Bank to small- and medium-sized businesses across the country. Risk sharing is a relatively new concept for Ukraine; therefore, for the purposes of its implementation in Ukraine, Redcliffes team drafted the risk participation agreement, which incorporated sophisticated Ukrainian law structures, analysed various provisioning and civil law issues, and implemented standard EBRD provisions in the local loan templates of Piraeus Bank. Redcliffe’s team included Olexiy Soshenko, Managing Partner, Olesia Mykhailenko, Senior Associate, and Eduard Olentsevych, Associate.

Redcliffe Partners acted as legal counsel to the EBRD in relation to a risk participation agreement with Piraeus Bank Ukraine with a total value of EUR10 million.

The EBRD will share the credit risk in eligible individual loans made by Piraeus Bank to domestic businesses. In order to become eligible, borrowers will need to comply with the highest business standards and conduct their business with due diligence and efficiency, in accordance with sound engineering, financial and business practices. The risk sharing will help increase the size and tenor of loans which are provided by Piraeus Bank to small- and medium-sized businesses across the country.

Risk sharing is a relatively new concept for Ukraine; therefore, for the purposes of its implementation in Ukraine, Redcliffe’s team drafted the risk participation agreement, which incorporated sophisticated Ukrainian law structures, analysed various provisioning and civil law issues, and implemented standard EBRD provisions in the local loan templates of Piraeus Bank.

Redcliffe’s team included Olexiy Soshenko, Managing Partner, Olesia Mykhailenko, Senior Associate, and Eduard Olentsevych, Associate.

If you have found a spelling error, please, notify us by selecting that text and pressing Ctrl+Enter.

Start
in the Telegram bot
Read articles. Share in social networks

Spelling error report

The following text will be sent to our editors: