Evris law firm has successfully completed the project on provision of legal support for PJSC Alfa-Bank in the process of financial restructuring of nearly USD 100 mln debt.

This project is the largest in terms of debt volume, which has been restructured, among all procedures carried out in accordance with the new Law of Ukraine “On Financial Restructuring”. What is significant in this project, is that major systemically important commercial banks have finally come into financial restructuring. The documentary part of the procedure itself was accurately prepared, thus it took only 1 month to complete it, which is also a record.

Evris team responsible for the project consisted of Kateryna Breduliak, Associate, Banking and Finance practice, and Sergii Papernyk, Head of Banking and Finance practice.

Sergii Papernyk comments:

“Thanks to well-coordinated work together with the bank personnel, we managed to achieve synergy which crystallized into extremely effective cooperation and top results.

In our country any new legal procedure runs into resistance and rejection, until those for whom this procedure was created, can see some practical examples of its successful implementation.

One of the biggest commercial banks of Ukraine has taken advantages of financial restructuring, and that will become a landmark at the market when problems of outstanding loans can be finally resolved. Moreover, our team is always ready to provide qualified legal support in financial restructuring projects of any complexity”.