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CMS Cameron McKenna represented EBRD with respect to a EUR 10 million loan to Ternopil Miskteplokomunenergo
CMS Cameron McKenna LLC, Kyiv, Ukraine,
Thursday, 11 October 2012
CMS Cameron McKenna in Kyiv has successfully represented EBRD with respect to a EUR 10 million loan to Ternopilmiskteplokomunenergo. The loan, which will be guaranteed by the local municipality, is intended to finance a project to modernize Ternopil's central heating system. The team was led by Adam Mycyk, head of the banking and international finance practice of CMS Cameron McKenna in Kyiv, with assistance from associate Kateryna Chechulina and others.
Adam Mycyk comments: "It was a great opportunity for us to work on this financing especially given that this is a pilot project in the Ternopil oblast and its implementation will allow saving up to 15% of the volume of gas consumed in Ternopil. We have already worked on a number of municipal financing transactions with EBRD in recent years, and we hope to continue our work with them on similar municipal financing projects."
About CMS Cameron McKenna in Kyiv: CMS Cameron McKenna opened its doors in Kyiv in September 2007 and was the first UK-headquartered law firm to open in Ukraine. The office comprises of more than 25 lawyers, including four partners, and represents major international and Ukrainian companies working in various sectors. We are consistently highly ranked by the major international directories such as Chambers Global, IFLR, Legal 500, PLC Which Lawyer? and others. For the three years in a row CMS Cameron McKenna in Kyiv has been awarded Best International Law Firm.
Notes to Editors:
CMS provides a deep local understanding of legal, tax and business issues and delivers client-focused services through a joint strategy executed locally across 28 jurisdictions with 52 offices in Western and Central Europe and beyond.
The CMS ten member firms are: CMS Adonnino Ascoli & Cavasola Scamoni (Italy); CMS Albiñana & Suárez de Lezo (Spain); CMS Bureau Francis Lefebvre (France); CMS Cameron McKenna LLP (UK); CMS DeBacker (Belgium); CMS Derks Star Busmann (Netherlands); CMS von Erlach Henrici Ltd. (Switzerland); CMS Hasche Sigle (Germany); and CMS Reich-Rohrwig Hainz (Austria) and CMS Rui Pena & Arnaut (Portugal).
