AVELLUM advised ING Bank
AVELLUM acted as the Ukrainian legal counsel to ING Bank N.V. in connection with two secured pre-export revolving loan facilities with the total value of USD 25 million to Agroprosperis Group.
The loan proceeds are intended to be used for the purchase of Ukrainian agricultural commodies (including wheat, corn, sunflower seeds, barley, rapeseed, and soybean) in the Ukrainian market for the purposes of further export.
AVELLUM provided legal support to ING with preparation, negotiation, and execution of the transaction documents from Ukrainian law perspective, as well as with completion of the transaction.
The AVELLUM team was led by senior partner Glib Bondar, with support from associates, Tetiana Mykhailenko, Orest Franchuk, Oleg Krainskyi, and Anna Mykhalova.