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Among our latest activities, apart from advising our clients on legal issues, OGK Law Firm has also participated in Benchmarking Public Procurement project implemented by World Bank Group (USA), by contributing into the research in respect of Ukrainian system of public procurement. Okhrimchuk Grushyn Khandurin Law Firm has participated in this project twice, in 2015 and 2016. Benchmarking Public Procurement project was launched three years ago to address the lack of comparable data on public procurement at the global level. More specifically, the project focuses on regulatory environments that affect the ability of private companies to do business with governments. It is a global project that aims to measure transaction costs of complying with public procurement regulations globally. By highlighting existing good practices, the end goal of the project is to help governments undertake reforms to achieve better value from public procurement and create more conductive environment for private sector suppliers. Last year the data were collected over 77 economies based on which an analytical report highlighting the main findings was launched. The data were aggregated under three thematic areas:
- The Integrity of the Public Procurement Process in a country;
- Bidding for a Public Procurement Tender in a country;
- Filing a complaint in Ukraine.

This year, 2016, the project is going to cover 189 economies, where the contributors were offered to complete two surveys:
- The Public Procurement Life Cycle (on the different phases of the public procurement cycle)
- Filing a Complaint (on the ease of challenging a public procurement tender through a complaint system).

Transactions supported by our lawyers:

- Advised Deutsche Bank AG, Amsterdam Branch (the Lender) and other related finance parties on the issues of Ukrainian legislation with respect to making amendments to latest facilities provided to Metinvest B.V. for the total amount of up to USD 2.185.000.000.

- Provided Ukrainian law advice to Sanitec Oyj (Finland) in series of operations in connection with Sanitec Oyj’s offering of €250 million secured notes, as well as in connection with Sanitec’s refinancing of its existing credit facilities by involving a new €50 million revolving credit facility.

Parties to the transaction:
Issuer: Sanitec Oyj, a Finnish company, a leader in bathroom ceramics manufacturing.
Initial purchasers: UBS Limited, Deutsche Bank AG, London Branch, Danske Bank A/S and DNB Bank ASA;
UBS and Deutsche Bank acted as joint global coordinators and joint bookrunners with Danske Bank and DNB Markets as additional joint bookrunners.
The Notes and the Revolving Credit Facility are guaranteed by Sanitec group entities in the Netherlands, England, France, Finland, Italy, Germany, Poland, Sweden and Ukraine.
Other legal counsels retained: White & Case LLP, offices in Finland, UK and other jurisdictions; Shearman & Sterling LLP as a US, English, French, German and Italian counsel to the initial purchasers.

- Provided legal advice to Deutsche Bank AG, Amsterdam Branch in the series of transactions related to provision of credit facilities and syndicated finance to Metinvest B.V. (the Netherlands), in particular:
(i) for the amount of USD 300 mln. with Ukrainian enterprises acting as surety and security providers. English Law counsel - ReedSmith LLP.
(ii) for the amount of USD 300 mln., which was further increased up to USD 560 mln., Ukrainian industrial enterprises acting as surety and security providers. English Law counsel to the Lender – Dentons UKMEA LLP (UK), Dutch Law counsel –STEK law firm (the Netherlands); and
(iii) for the amount of up to USD 325 mln. with Ukrainian industrial enterprises acting as surety and security providers. English Law counsel to the Lender: White & Case LLP, London, UK. Deutsche Bank AG acting as Coordinated Mandated Lead Arranger, Bookrunner of syndicate; ING Bank N.V., Morgan Stanley Bank International Limited, Natixis, Rabobank International and WestLB AG acting as Mandated lead Arrangers; ABN AMRO Bank N.V. - as Arranger.

- Provided legal advice to Sanitec Group of Companies (Finland) on the issues of Ukrainian legislation in respect of early prepayment of credit facilities provided by one of Ukrainian banks and Finnish Fund for Industrial Cooperation LTD and releasing the security over the assets situated in Ukraine. The total amount of financing was approximately Euro 26 mln.

- Provided legal advice to Deutsche Bank, Frankfurt, Germany on the issues of Ukrainian legislation (in particular, suretyship issues under the facility) with respect to Loan Agreement entered into by the Bank and Metinvest B.V. (the Netherlands) (as the Borrower) of up to USD 24.640.000.

- Advised HSBC Bank Plc, London, UK (the Lender) in relation to providing term loan facility to the Ukrainian banks.


In the area of corporate finance OGK also advised a Ukrainian fuel energy group in connection with the issuance of Eurobonds, as well as Ukrainian commercial bank in connection with the issuance of loan participation notes. In particular, OGK lawyers advised DTEK Company with respect to issuance of 9.5 % senior notes amounting to USD 500 mln.. ING Bank N.V. (ING), the Royal Bank of Scotland plc. (RBS) and Erste Group Bank AG managed the deal. The bookrunning was arranged by ING and RBS.

Publications
 

NBU Permission System”, by Y.Ignatenko, A.Ivanchenko, “The Ukrainian Journal of Business Law”, Vol.8,№ 12 December 2010.

 

“Transfer of cash funds over the customs border of Ukraine" , Chambers Client Report, Issue 25 Summer 2008

 

"МВС пішло під суд", журнал сучасного правника "Український юрист" № 7-8, липень-серпень 2008 року. .

 

“ЮФ “Охрімчук, Грушин, Хандурін”підстрахувала “Оранту”, журнал сучасного правника “Український юрист”, № 7 (55), липень 2007 року.

 

“Борітесь і поборете”, журнал сучасного правника “Український юрист”, № 5 (53), травень 2007 року.

 

“Перші кроки”, журнал сучасного правника “Український юрист”, № 5 (53), травень 2007 року.

 

Раздел: Банковское право/юридическая перспектива, “Юридическая практика: ежегодное исследование рынка”, 2007.

 

The Great Account for Foreign Banks by A.Grushyn, K. Karev, “The Ukrainian Journal of Business Law”, Vol. 5, # 7, July 2007.








 

 

 

 

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