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CMS Advised Bank of Cyprus on Post-Completion Matters Following the Sale of Its Ukrainian Subsidiary

CMS Cameron McKenna Nabarro Olswang in Kyiv advised Bank of Cyprus on various post-completion Ukrainian law matters following the sale of the Ukrainian subsidiary of Bank of Cyprus and associated debt to Alfa Group in 2014.  In particular, CMS supported the client with the restructuring and other changes to the loan portfolio covered by the sale transaction, as well as with implementation of the amended terms of the sale transaction, including establishment and further, just recent, release of associated security. CMS also advised the client on the refinancing by EBRD of EUR 68m facility for construction of the largest shopping, exhibition and office centres in Odesa (Riviera Property Complex) owed by Ukrainian asset holding company Novi Biznes Poglyady.

CMS team included, among others, Partners Tetyana Dovgan (Corporate/M&A), Ihor Olekhov (Banking & Finance), Kateryna Chechulina (Counsel, Banking & Finance) and Diana Pysarenko (Lawyer, Corporate/M&A).

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