Asters advises the European Bank for Reconstruction and Development (EBRD) in connection with its EUR 15 million loan to one of the leading Ukrainian pharmaceutical companies Yuria-Pharm.
The loan will be used to finance the company's investment plans in Ukraine and Uzbekistan. In Ukraine, the company plans to certify its production with the European Union (EU) Good Manufacturing Practice standard, install solar panels and carry out critical IT upgrades. In Uzbekistan, the loan will help to expand the production facilities, install solar panels and improve energy efficiency.
Asters advised the client on Ukrainian law issues, namely conducted legal due diligence, assisted with drafting and execution of the financing documentation and security under the Ukrainian law. The Banking and Finance team of the firm working on the project included Partner Iryna Pokanay, Senior Associate Inna Bondarenko and Associate Viktoria Zagreba.
The EBRD is the largest institutional investor in Ukraine, with cumulative investment of more than EUR 22 bln in over 600 projects. Since the start of Russia’s full-scale invasion, it has deployed more than EUR 6 bln in Ukraine’s real economy.
Asters is the largest full-service law firm in Ukraine with offices in Kyiv, Brussels, London, and Washington, D.C. The firm has access to over 125 jurisdictions through a well-developed network of partner law firms.
