AEQUO has advised a foreign direct financing business, AlmaStone, that provides secure, short to medium duration trade finance facilities, on Ukrainian law matters of granting a USD 10-million loan to the group of grain trading companies. The loan is secured by grains and oilseeds that are pledged on the basis of double warehouse receipts.
It is the second lending transaction of AlmaStone in Ukraine and another successful step towards the growth of its business in the CEE region and Ukraine.
AEQUO lawyers assisted with the drafting and execution of the security agreements and other Ukrainian governed transaction documents, as well as conducted legal due diligence of the group of grain trading companies and assisted with the completion of the transaction. Beyond Ukrainian law, the project included English, Cyprus, and Cayman Islands law matters.
“Our team is very proud to have assisted AlmaStone in this lending transaction in Ukraine and their successful development of the Ukrainian market. The presence of a larger number of foreign lenders helps to create more favorable market conditions for foreign lending for agribusiness and, accordingly, has a beneficial effect on the development of Ukrainian agribusiness in the face of economic difficulties caused by the ongoing global pandemic of COVID-19”, comments Yulia Kyrpa.
AEQUO project team included counsel and associate Anna Potapova, who worked under the supervision of partner and head of banking and finance practice group.