Regional news: Ukraine

English court sanctions ED&F Man’s scheme

An English court has sanctioned a scheme of arrangement for international commodity trader ED&F Man, paving the way for it to restructure debts governed by English and New York law.

09 September 2020

Creditors approve ED&F Man’s UK scheme

International commodity trader ED&F Man has secured unanimous backing for its UK scheme of arrangement during two creditors’ meetings.

02 September 2020

Clifford Chance, A&O and Akin Gump advising on commodity trader’s UK scheme

An international commodity trader has secured court approval to convene meetings for its creditors to vote on a UK scheme of arrangement, with Clifford Chance, A&O and Akin Gump taking roles.

11 August 2020

Weil partner moves to Shearman & Sterling in London

Shearman & Sterling has hired Weil Gotshal & Manges partner Alex Wood in London, as firms around the globe continue to prepare for a coronavirus-induced wave of restructurings.

17 July 2020

Changes for financial institutions in Ukraine’s restructuring and recoveries market

Until recently Ukraine has been known as a high-risk country, provoking creditors’ fears of being caught up in a default with zero prospect of recovery. But Iryna Kalnytska, head of the restructuring and claims practice at Ukrainian firm GOLAW, says the situation has changed substantially over the past few years with reforms to Ukraine’s Bankruptcy Code and new legislation on creditors’ rights.

13 December 2019

Unpacked: How did they solve a problem like Mriya?

Featured in Unpacked

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.

17 May 2019

Philosophers and streetfighters: Ukraine worked out

In the second of our Worked Out series, GRR looks at Ukraine, where an economic, military and political crisis has spurred a wealth of restructuring work. So far, much of that work has gone overseas – can Ukraine bring it back, and what do outside practitioners need to know when they get there? By Declan Bush

13 August 2018

Names to know in Ukraine

Ukraine’s restructuring and insolvency market is a relatively small field, but that makes for concentrated expertise. Local firms adapted their banking and finance practices to advise on restructurings during the boom of 2015, and non-Ukrainian firms have worked since then to secure international financing for Ukrainian companies.

13 August 2018

Regulatory round-up: Hungary snubs the Model Law

Eastern European regulators have seen a slew of reforms over the last few weeks: Hungary has taken a novel approach to addressing cross-border insolvencies; Azerbaijan has introduced a new framework for resolving banks; and Ukraine’s restructuring regime enacted last year came into force.

20 April 2017

Ukraine’s DTEK agrees deal with banks to finalise double English scheme restructuring

Ukrainian coal miner DTEK has reached an agreement with bank creditors to complement two English schemes of arrangement already approved by bondholders, allowing it to emerge from one of the region’s largest and most complex restructurings.

07 April 2017

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