Asters advises EBRD on USD 3 million loan to Ecosoft
Asters, Kyiv, Ukraine,
Fri, March 3, 2017
Asters acts as a legal counsel to the European Bank for Reconstruction and Development (EBRD) in connection with its USD 3 million financing to Ecosoft, the country’s leading producer of water purification equipment.
A five-year loan will help the company to increase its production and storage capacity by purchasing additional injection moulding equipment. Ecosoft will also commission a new warehouse, improve its range of pitcher-type water filters and launch the production of reverse osmosis filtering membranes thus offering domestic customers an affordable high-tech alternative to imported water filters.
The investment is supported by the European Union (EU) under the EU4Business Initiative which is designed to support small and medium-sized enterprises (SMEs) in the countries that will benefit from a Deep and Comprehensive Free Trade Area with the EU (DCFTA).
Asters' banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associate Inna Bondarenko.
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The European Bank for Reconstruction and Development (EBRD) is the largest international financial investor in Ukraine. To date, the Bank has made a cumulative commitment of almost €12.2 billion through 377 projects since the start of its operations in the country in 1993.
Asters is a full-service independent national law firm that has maintained a strong presence in Ukraine since 1995. Asters has been acknowledged as the Law Firm of the Decade by Ukraine's Legal Awards 2016. The Firm is a two-time winner of the Law Firm of the Year: Ukraine and the CIS award (The Lawyer European Awards 2014 and 2015), Law Firm of the Year (Ukraine) award (Who's Who Legal Awards 2014), Law Firm of the Year award (Ukrainian Legal Awards 2014) and is also named No.1 law firm in Ukraine according to the 2011, 2012, 2013, 2014, 2015 and 2016 Top 50 Law Firms Annual National Ranking.