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Weil and Sayenko Kharenko Advise on USD 23 Billion Restructuring of Ukraine’s Sovereign Debt

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Weil and Sayenko Kharenko have advised an ad hoc committee of bondholders of Ukraine’s Eurobonds on a USD 23 billion restructuring of Ukraine’s sovereign debt. White & Case and Avellum reportedly advised the Ministry of Finance of Ukraine.

According to Weil, "the restructuring, agreed in principle between the committee and Ukraine in mid-July, was implemented through an exchange offer and consent solicitation, pursuant to which each series of Eurobonds was exchanged for a package of new step-up A bonds and step-up B bonds."

The Weil team was led by London-based Partner Andrew Wilkinson.

The Sayenko Kharenko team included Partners Nazar Chernyavsky, Anton Korobeynikov, and Igor Lozenko and Senior Associate Oles Trachuk.

Editor's Note: After this article was published, Avellum confirmed its involvement. The firm's team included Senior Partner Glib Bondar, Managing Associates Mariana Veremchuk and Yurii Krasnoliudskyi, Associates Andrii Kroshko, Elina Kryhan, Nikita Tipikin-Holovko, and Olha Harhola.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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