Kyiv - In August of 2011 the international restructuring of debt portfolio of Donetsksteel, a well-known Ukrainian finance and industrial group, for USD 820 million was successfully completed.  More than 35 international and Ukrainian banks were among the group's creditors.

"DLA Piper team provided full legal support to Donetsksteel group with regard to restructuring of its debt portfolio from the very beginning of the process, back to 2009", - comments Oleksandr Kurdydyk, Partner and Head of Finance & Projects practice of DLA Piper in Ukraine.

"Within the restructuring process, DLA Piper proved to be a reliable partner and advocate of Donetsksteel interests.  The team handled all necessary legal issues in time and helped us to navigate the situation", comments Alexander Lyubarev, corporate finance director of Donetsksteel private joint stock company.

DLA Piper team for this project was led by Oleksandr Kurdydyk, and included Illya Muchnyk, Legal Director, Rodion Ignatenko, Senior Associate, as well as Associates Maksym Andrianov and Dmytro Pshenychnyuk.  Highly qualified support of transaction on English law was provided by Rosemary Bointon, Counsel.

Completion of the restructuring strengthens competitive positions of Donetsksteel group and provides a stable financial ground for achievement of its strategic goals.