Redcliffe Partners acted as Ukrainian legal counsel to the International Finance Corporation (IFC) in connection with a loan of up to USD 40 million to Astarta, a leading Ukrainian agro-industrial holding, to finance the construction of Ukraine’s first soy protein concentrate plant.
The financing package includes a USD 27 million loan for IFC’s own account and a USD 13 million concessional loan from the government of the Netherlands. IFC’s financing is backed by guarantees from the European Commission’s Ukraine Investment Framework, and the government of the Netherlands in support of IFC’s Economic Resilience Action (ERA) Program for Ukraine. The deal aims to strengthen Ukraine’s agricultural value chain, expand employment opportunities, and support the country’s economic resilience.
As Ukrainian law counsel, we advised on all aspects of local law related to the financing. This included legal due diligence across a wide range of corporate, regulatory, contractual, land-related, and asset ownership matters to ensure appropriate Ukrainian law input into the financing documents. We also advised on the structuring, preparing and perfecting the Ukrainian law security package.
The team was led by Olexiy Soshenko, Managing Partner; Sevastian Viktoruk, Associate; Artem Mykhailyk, Junior Associate; and Andriy Kostiuk, Paralegal, with support from Viktoriya Ivasechko, Counselor, and Zakhar Kymberskyi, Associate.