International law firm Integrites acted as Ukrainian legal counsel to China Development Bank Corporation on secured US$85 million loan to OJSC Lysychanskvuhillya.
The loan is secured by the state guarantee issued by the Cabinet of Ministers of Ukraine represented by the Ministry of Finance of Ukraine. The proceeds of the loan shall be utilized for modernisation and updating of one the coal mines owned by OJSC Lysychanskvuhillya.
Integrites’ team advised China Development Bank Corporation on Ukrainian law issues connected with execution, performance and enforceability of the loan agreement and the state guarantee.
Integrites’ team included associates Marta Hontaruk and Yevgen Blok and was led by Partner Oleksandr Aleksyeyenko. Legal services were provided by Integrites in close cooperation with Norton Rose LLP, English and Chinese legal counsel to China Development Bank Corporation.