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Kateryna Chechulina

Counsel

Kyiv (Volodymyrska Street)
6th Floor, 38 Volodymyrska Street
Kyiv
Ukraine
Languages Ukrainian, English, Russian

Kateryna Chechulina is a Counsel in the Finance practice at 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 Ukraine and CEE/CIS region. She advises on all aspects of Ukrainian and foreign law governed transactions, including complex transaction structuring. Kateryna leads major cross-border financing transactions and has experience of acting both for lenders and borrowers. Her recent experience includes advising ING as lead mandated arranger and bookrunner for the EUR100 mln financing of acquisition of a Slovenian company, advising a Ukrainian borrower on over USD 100 mln project financing, advising the banks syndicate on USD 240 mln steel financing in Slovenia. Kateryna focuses on trade & commodity finance, syndicated & corporate finance and project finance in various sectors, including agribusiness and infrastructure. Kateryna also advises on banking regulatory issues, cross-border debt restructuring & insolvency, NPLs, PPP, insurance, all types of financial services, municipal finance, as well as on real estate, general corporate and commercial law matters. She previously worked for two of the major Ukrainian banks, having advised on all aspects of banks’ activity.

Kateryna is a recommended lawyer by the Chambers Europe, Legal 500 and Best Lawyers a notable track record in handling a range of transactional and regulatory issues for various prominent clients. The clients value Kateryna’s in-depth knowledge and extensive expertise and praise her high quality ‘accurate and practical’ advice and "clear and helpful" instructions she gives.

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Relevant experience

  • 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
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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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Memberships

  • Ukrainian Bar Association
  • American Chamber of Commerce
  • European Business Association
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19/07/2019
Ukrain­i­an na­tion­al bank passes meas­ures lib­er­al­ising the na­tion's...
In a bid to fur­ther lib­er­al­ise the func­tion­ing of the Ukrain­i­an for­eign cur­rency mar­ket, the Na­tion­al Bank of Ukraine passed Res­ol­u­tions No. 86 and No. 91 on June 27 and on 9 Ju­ly 2019 re­spect­ively, which does the fol­low­ing: can­cels the EUR 12 mil­lion.
29/01/2019
Ukraine ad­op­ted the new cur­rency reg­u­la­tion sys­tem
On 2 Janu­ary 2019, the Na­tion­al Bank of Ukraine (NBU) ad­op­ted key res­ol­u­tions that align ex­ist­ing reg­u­la­tions with the re­cently passed law “On Cur­rency and Cur­rency Trans­ac­tions” (the “Cur­rency Law”).
14/11/2018
Ukraine Ad­opts Bank­ruptcy Code
In a turn­ing point for Ukrain­i­an bank­ruptcy law re­form, on 18 Oc­to­ber 2018 the Ukrain­i­an par­lia­ment ad­op­ted the Code of Bank­ruptcy Pro­ceed­ings, which will re­place the ex­ist­ing Law on Restor­ing Solvency of Debt­ors or Re­cog­ni­tion of Debt­ors’ Bank­ruptcy that has.
05/11/2018
Ukraine: En­han­cing Cred­it­or­s' Rights Pro­tec­tion
On 01 Novem­ber 2018, the Pres­id­ent of Ukraine signed a re­cently ad­op­ted by the Ukrain­i­an Par­lia­ment Law of Ukraine “On Amend­ments to Cer­tain Leg­al Acts of Ukraine on Re­sump­tion of Lend­ing” (the “Law”).
04/10/2018
Ukraine: New rules ex­ped­ite for­eign ac­cess to the gov­ern­ment bond...
In a reg­u­lat­ory de­vel­op­ment that is be­ing touted as a boost to the Ukrain­i­an cap­it­al mar­ket and a boon for in­vestors, the Na­tion­al Bank of Ukraine (NBU) ad­op­ted two res­ol­u­tions (No. 100 dated 18 Septem­ber 2018 and No.
07/08/2018
New For­eign In­vest­ment Law in Ukraine In­tro­duces Concept of Nom­in­al...
On 20 Ju­ly 2018, the Ukrain­i­an Pres­id­ent signed the long-awaited law "On in­tro­du­cing the amend­ments to cer­tain laws of Ukraine on pro­mot­ing the at­trac­tion of for­eign in­vest­ments” (“Law”) that gives all com­ply­ing for­eign fin­an­cial in­sti­tu­tions (“FF­Is”) the pos­sib­il­ity.
02/08/2018
Ukraine: New Law on Cur­rency and Ex­change Trans­ac­tions
The 21st June 2018 marked a turn­ing point for the Ukrain­i­an fin­an­cial mar­ket and eco­nomy as a whole. After more than 25 years of the frag­ment­ary, con­tra­dict­ory and ob­sol­ete rules of the Cab­in­et of Min­is­ters’ De­cree on the sys­tem of cur­rency reg­u­la­tion and cur­rency.
25/06/2018
IFI In­vest­ment in­to Hous­ing and Util­it­ies Sec­tors of Ukraine Be­come...
The Verkhovna Rada of Ukraine have in­tro­duced le­gis­lat­ive changes provid­ing for the pro­tec­tion against fore­clos­ure and ar­rest of funds gran­ted for the pre­par­a­tion and im­ple­ment­a­tion of in­vest­ment pro­grammes in the areas of heat sup­ply, wa­ter sup­ply, and wa­ter.
01/06/2018
Ukraine: The Na­tion­al Bank im­proves cur­rency op­er­a­tions li­cens­ing...
The Na­tion­al Bank of Ukraine (the “NBU”) has ad­op­ted Reg­u­la­tion No. 45 dated 26 April 2018 aimed to im­prove the cur­rency con­trol reg­u­la­tions. The in­tro­duced amend­ments, amongst oth­er things, sim­pli­fy the e-li­cence is­su­ance pro­ced­ure, thus ex­tend­ing op­por­tun­it­ies.
17/04/2018
Ukraine: Na­tion­al Bank lib­er­al­ises cap­it­al mar­ket reg­u­la­tions
On 29 March 2018, the Na­tion­al Bank of Ukraine (the “NBU”) ad­op­ted fur­ther amend­ments to its reg­u­la­tions to lift cer­tain re­stric­tions re­lat­ing to the cross-bor­der loans re­pay­ment, man­dat­ory sale of for­eign cur­rency pro­ceeds and pay­ments un­der the in­di­vidu­al.
10/04/2018
Ukraine: In­tro­du­cing the Cred­it Re­gistry
On 4 March 2018, the Law of Ukraine “On In­tro­du­cing Amend­ments to Cer­tain Laws of Ukraine on Es­tab­lish­ing and Main­ten­ance of the Cred­it Re­gistry of the Na­tion­al Bank of Ukraine and im­prov­ing the man­age­ment of the banks’ cred­it risks” (the “Law”) came in­to force.
12/03/2018
Ukraine: NBU Sim­pli­fies At­tract­ing of Syn­thet­ic Loans by Ukrain­i­an...
The Na­tion­al Bank of Ukraine (the “NBU”) is con­tinu­ing to ex­pand the range of fin­an­cial in­stru­ments that can be used by Ukrain­i­an banks to at­tract fin­an­cing from in­ter­na­tion­al part­ners. Since 16 Feb­ru­ary 2018, Ukrain­i­an banks have been al­lowed to take so called.