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Kateryna Chechulina

Counsel
(English-qualified)

CMS Cameron McKenna Nabarro Olswang
6th Floor,
38 Volodymyrska Street,
01054 Kyiv
Ukraine
Languages Ukrainian, English, Russian

Kateryna Chechulina is an English and Ukrainian qualified counsel in the Finance practice in the Kyiv office of CMS Cameron McKenna Nabarro Olswang. Having extensive experience in international banking and finance, Kateryna works on high-profile cross-border financings in the CEE and Central Asia regions. She advises on all aspects of financings, including complex transaction structuring, and acts both for lenders and borrowers. Kateryna focuses on trade & commodity finance, acquisition, corporate and project finance in various sectors, including agribusiness, energy, infrastructure, TMT. Kateryna also covers sustainable and green finance and investments and ESG compliance. Kateryna advises on banking regulatory issues, cross-border debt restructuring & insolvency, NPLs, M&A in the financial sector, PPP, insurance, all types of financial services, as well as municipal finance.

Kateryna has unparalleled experience in capital markets, having advised on unique capital market transactions, including between global financial institutions and central banks. Not only does Kateryna support clients in entering Ukrainian capital markets and starting trading in Ukrainian fixed income and structured products, but she also contributes to the development of the model of a sustainable and profitable trade and post-trade infrastructure in Ukraine, working on its  feasibility study in the NEXT-UA project. She also advises clients on trading in derivatives (including based on standard documentation such as ISDA and GMRA) and has worked on developing licensing terms for the CCPs, regulations on clearing activities and requirements for contractual arrangements between CCPs and trading venues.

Kateryna Chechulina is a Co-Chair of the Sustainability Committee of the American Chamber of Commerce in Ukraine and a member of Association of Sustainable Development Experts.

Kateryna is a recommended lawyer by Chambers Europe, Legal 500 and Best Lawyers. Clients report: “She is focused on a result and is available at any time necessary. She remains resilient, working under stress or against time to meet the client’s deadlines”. Kateryna’s strong communicative skills and successful management of all parties involved in a project are highly appreciated. Clients praise her as knowledgeable, responsive, client oriented, well-organised and timely in her work.

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"Kateryna Chechulina is recommended for cross-border financing deals."

The Legal 500, 2020

Relevant experience

  • Horizon Capital, a leading private equity firm in Emerging Europe, and Datagroup, a Ukrainian fibre infrastructure and digital services provider, on all the English law aspects of it leveraged acquisition of Volia, a leading cable and broadband service provider
  • Advising JV (between Air Products and ArcelorMittal) on 116 financing from EBRD for the development, construction and operation of state-of-the-art Air Separation Unit 
  • Bank Gospodarstwa Krajowego in respect of project security documents and satisfaction of various conditions subsequent on two projects: (i) a EUR 41.1 million financing insured by KUKE, polish export credit agency, for the construction of the shopping mall and office centre “Retroville” in Kyiv; and (ii) on an export credit financing in relation to the development of the Nikolsky shopping mall in Kharkiv
  • A syndicate of banks led by ING Bank N.V. in relation to the postponement of loan payments and switch from LIBOR to a risk-free rate under the USD 450m pre-export facility for Ukraine’s Kernel Group
  • Acted as the legal partner to NEXT-UA, a joint project launched by the Ukrainian government, USAID, EBRD and the American Chamber of Commerce in Ukraine. CMS worked with a consortium of high-profile technical and financial advisors, including Cirway Consulting, Afi, Araliya, Barva Invest and D3 Consulting
  • European Investment Bank on €50mn financing for Ukraine’s on its significant investment in a landmark IT project
  • DAI Global (USAID) and the National Securities and the Stock Markets Commission of Ukraine on the most important element of securities infrastructure for the capital markets in Ukraine – rules for clearing transactions with securities and licensing terms for clearing institutions
  • Deutsche Bank and other creditors, including a group of US-based emerging markets hedge funds, on the restructuring of the bank debt of DTEK, the largest vertically integrated and privately-owned energy group in Ukraine. The total amount of restructured bank debt was USD 1.1bn, making it one of the largest restructurings to have taken place in the region
  • M.V. Cargo on USD 74m landmark financing from EBRD and IFC of a new grain terminal construction project in Yuzhni port
  • ING Bank N.V.
    • as a mandated lead arranger and bookruner of EUR 100 million financing of the acquisition of Perutnina Ptuj
    • as a mandated lead arranger and bookrunner on USD 80 million pre-export finance facility to Vioil and it further extension of the financing for the next three years and increase of the facility up to USD 100 million
    • as lender on USD 30 million structured secured financing for export operations of Astarta, the Warsaw-listed Ukrainian agro-industrial business
    • as a mandated lead arranger and bookrunner on USD 80 million pre-export finance facility for Nibulon
    • on syndicated secured pre-crop and pre-export credit facility of up to USD 100 million for Kernel Group, Ukraine’s leading agribusiness
    • as coordinator of a group of banks, on a EUR 416 million loan to DTEK
  • Meyer Bergman, the leading international investment fund, on the USD 28 million sale of Aladdin Shopping Mall in Kyiv, one of the most popular malls in Ukraine, which sale was structured through the assignment of the bank and shareholders’ loans
  • SD Capital on currency control and other regulatory issues regarding a joint venture with P&O Maritime for certain merit services in the Port Yuzhnyi
  • UniCredit and ING in relation to a USD 100m financing to agribusiness Kernel, the largest vertically-integrated agro-industrial company in Ukraine
  • The European Bank for Reconstruction and Development on its financings to municipal heating and transport companies in Zhytomyr, Lviv, Ternopil and Vinnytsia
  • ING, UniCredit and Raiffeisen Bank International on a USD 110 million facility to Nidera B.V. for the refinancing of the acquisition of a grain shipping terminal in the Port of Constanta, Romania
  • Bank of Cyprus on the sale of its Ukrainian subsidiary PJSC “Bank of Cyprus” and associated loan portfolio to Alfa Group
  • Donbasenergo on obtaining a loan from Bank of China, backed up by a political and commercial risks insurance of SINOSURE - a Chinese export-credit agency, for financing 85% of USD 684.30 Million EPC Contract aimed at reconstruction of the Ukrainian Power Units of Donbasenergo with total capacity of 660MW
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Memberships & Roles

  • Ukrainian Bar Association
  • American Chamber of Commerce
  • European Business Association
  • Association of Sustainable Development Experts
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Education

  • 2005 – Masters of Laws, National Academy of Internal Affairs, Kyiv
  • 2004 – Bachelor of Laws, National Academy of Internal Affairs, Kyiv
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