AEQUO advised SupplierPlus Group OÜ, Estonia, on the launch of SupplierPlus, a Supply Chain Finance solution, considerably simplifying factoring process, which works on the basis of blockchain technology, in Ukraine.
AEQUO advised on compliance of the SupplierPlus and its business model with the Ukrainian legislation, assisted with drafting and reviewing the agreements to be used by SupplierPlus in its commercial operations and represented the latter in negotiations with Ukrainian banks – potential partners of the platform.
SupplierPlus is a reverse factoring platform. It lets corporations leverage their strong credit profiles to finance suppliers and simplifies invoice financing. The platform allows buyers to improve payment terms, pricing and delivery stability, while suppliers unlock access to a highly competitive stream of financing. As a result, buyers with a strong credit profile can work with the desired payment periods, while suppliers can get paid instantly.
SupplierPlus allows companies to finance individuals deals, particular projects, or long-term supply relations. It combines innovations in finance, law and technology to unveil new opportunities in working capital management.
Yulia Kyrpa, partner and head of Fintech at AEQUO: "It was our pleasure to assist with such a great initiative, especially in this challenging period, when innovations in the financial sector become crucially important. We strongly believe that SupplierPlus will help Ukrainian business to become more flexible and progressive during the pandemic and will facilitate growth of the Ukrainian economy."
The project team was led by partner Yulia Kyrpa, included counsel Bohdan Dmukhovskyy and associate Olesia Mashtaler.
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 in banking & finance industry includes leading international and Ukrainian banks, private equity houses and fintech companies, including: the European Commission, EBRD, IFC, KfW, Credit Agricole Group, ING Group, Porsche Finance Group, Reiffeisen Bank International, NCH Capital, Dragon Capital, Soros Fund Management, EMSO Asset Management, Allrise Capital Inc., Alma Stone, Fairo LLC, Supplier Plus, 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 (Europe) 2015-2020.
