Asters Law Firm acted as a legal counsel to International Finance Corporation (IFC), a member of the World Bank Group, in connection with USD 15 million financing to fuel supplier Nadezhda Group, part of efforts to spur economic growth in Ukraine by making energy supplies more widely available.

The investment will help Nadezhda, which distributes transportation fuels and specializes in relatively clean-burning liquefied petroleum gas (LPG), to expand and modernize its network of over 50 stations.

IFC is a leading international investor in Ukraine’s private sector and this project is part of wider efforts to boost growth in the country. Since 2004, IFC has invested over USD 2.2 billion in long-term investment in Ukraine while spearheading an active advisory services program.

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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IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, IFC uses the capital, expertise, and influence, to create opportunity where it’s needed most. In FY15, IFC's long-term investments in developing countries rose to nearly USD 18 billion, helping the private sector play an essential role in the global effort to end extreme poverty and boost shared prosperity.

Banking and finance are the areas of Asters' core expertise. The Firm and its partners are noted as the best practitioners in Ukraine in this field by international ratings such as IFLR1000, The Legal 500, Chambers Global, Chambers Europe, etc. Asters' clients in the banking industry include international and local banks and financial institutions, trading and finance companies, as well as lenders, issuers, and borrowers in diverse banking and finance transactions.