Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Unpacked: How did they solve a problem like Mriya?

By Declan Bush

17 May 2019

Unpacked: How did they solve a problem like Mriya? iStock.com/mflippo

GRR looks back at the restructuring of Ukrainian farming conglomerate Mriya: how counsel got it across the line against a backdrop of more than US$1 billion in debt, expiring land leases, a former owner accused of embezzlement, a convoluted corporate structure spread across Ukraine and Cyprus, and – in its darkest hours – armed men in fields trying to seize assets by force.