Aequo has advised Portigon AG (Düsseldorf, Germany), UniCredit Bank Czech Republic and Slovakia, a.s. (Prague, Czech Republic) and other lenders on the restructuring of the multi-million loan facilities granted to the major Ukrainian automotive industry company.
In particular, Aequo advised the lenders on potential enforcement procedures, in Ukraine and abroad, negotiated the revised repayment terms, drafted the restructuring documentation as well as controlled fulfillment of conditions precedent to the restructuring transaction. Upon completion of the transaction Aequo issued a legal opinion in favor of the lenders.
“This was a complex and challenging restructuring, involving multiple parties from both sides and long-lasting negotiations. It further demonstrates exceptional legal expertise of Aequo debt restructuring team. We are pleased to have supported the transaction that strengthens confidence in Ukrainian economy,” comments Yulia Kyrpa, Partner and head of Banking & Finance.
Allen & Overy advised on all aspects arising out of English, German and Czech Republic law elements of the restructuring.