Asters

Infrastructure 1 Is your state a party to the New York Convention? Are there any noteworthy declarations or reservations? Yes, Ukraine is a party to the New York Convention. It was ratified in 1960 by the Ukrainian Soviet Socialist Republic (SSR) (as a part of the former Soviet Union). Following the declaration of independence in 1991, Ukraine confirmed its obligations under all international treaties entered into by the Ukrainian SSR, including the New York Convention...

  One year ago, on June 21, 2022, the President signed the law on the ratification of the Council of Europe Convention on the prevention of violence against women and domestic violence and the fight against these phenomena. The Convention entered into force for Ukraine on November 1, 2022. Asters  partner  Talina Kravtsova  and the company's lawyer  Maryna Kornienko analyzed what happened during this time and what steps Ukraine took to combat violence against women  . On June 1, 2023, the EU Council approved the accession of the European Union to the convention...

Asters acted as a Ukrainian counsel for JSC Ukrainian Railways in the successful restructurings of loan participation notes issued by Rail Capital Markets plc in the total amount of USD 895 million (one in relation to its USD 300 million 7.875%. loan participation notes due 2026 and another in relation to its USD 594.9 million 8.250% loan participation notes due 2024). Holders of both loan participations Notes agreed to extend the maturity dates of the relevant loan agreements, provide for the deferral of interest during a two-year period, make certain amendments to the covenants contained in the loan agreements and replace the trustee...

Asters acts as a legal counsel to the European Bank for Reconstruction and Development (EBRD) in connection with its EUR 10 million financing for Grain Alliance Group, a Swedish-owned large-sized agricultural holding in Ukraine that cultivates around 60,000 hectares of land. The loan will be used to improve and expand export capacity for grain, which was disrupted as a result of Russia's large-scale armed aggression against Ukraine. To this end, Grain Alliance Group will increase storage capacity, modernise infrastructure, as well as purchase grain hoppers, locomotives and trucks to ensure safe grain transport from Ukraine to Slovakia and onwards to final customers...