Marchenko Partners Advised EU Registered Bank on TF Facility

Marchenko Partners acted for an EU registered bank in connection with an extension of credit limit of trade finance facility.  The borrower under the facility was a European holding company of a Ukrainian agricultural group.  The facility was secured by a corporate suretyship from a Ukrainian company of the borrower’s group, which suretyship required relevant adjustment to reflect the increased secured obligations.

Our services included a limited scope due diligence of the Ukrainian surety; commenting (from Ukrainian law perspective) on draft amendment to the facility agreement; drafting and negotiating amendment to the Ukrainian law governed suretyship agreement; and issuing a Ukrainian law opinion.  The matters was handled by Associate Bogdan Burlaka under coordination of Partner Roman Shulyar.