AEQUO advised TMM on the financial restructuring under the credit facility granted by Oschadbank implemented based on the Law of Ukraine “On Financial Restructuring”.

TMM company is one of the leading real estate developers in Ukraine, being active since 1994 in residential, commercial and industrial real estate sectors. Oschadbank JSC is a second biggest state-owned bank and the biggest bank by the number of branches in Ukraine.

The transaction represents yet another one successful consensual restructuring of indebtedness implemented based on the Law of Ukraine “On Financial Restructuring”, having proved once again effectiveness of new legal instruments prescribed by the said law.

AEQUO team assisted TMM in negotiating the terms of restructuring with Oschadbank, drafting the transaction documentation, as well as supported TMM in the course of completion of the transaction beneficial for the business of both parties – the lender and the borrower.

AEQUO project team included counsel Bohdan Dmukhovskyy, senior associate Mykhaylo Soroka and associates Viktor Komziuk and Glib Bukharin, who worked under the supervision of Yulia Kyrpa, partner and head of restructuring practice of the firm. Tax matters of the transaction were handled by Vasyl Mischenko, senior associate of tax practice of the firm.