DLA Piper held a seminar "Introduction to LMA style loan documents".
29 May 2012
DLA Piper recently held a seminar - Introduction to LMA style loan documents - where the participants discussed recent changes in the standard form of Loan Market Association (LMA) loan agreement, its structure, the main conditions protecting both borrowers and lenders, the negotiation of provisions, and other practical issues.
The seminar was led by Martin Navias, Of Counsel, an English qualified lawyer with over 10 years of experience, dealing with English law loan documentation. Oleksandr Kurdydyk, partner and Head of Finance & Projects in Ukraine, and Illya Muchnyk, Legal Director, commented on the practical implications of LMA loan documentation in Ukraine.
The seminar attracted attention of major Ukrainian banks and companies which already use the standard form loan documentation to attract different types of financing and those who only consider use of such documentation in future.
"Due to globalization and the integration of world economies, more and more Ukrainian companies play at the international level and borrow funds on the foreign markets. In this context, they have to play by international rules. We have an extensive experience of work in Ukraine, as well as access to DLA Piper's global resource, hence, we have been happy to share it at the event. We hope that we have provided Ukrainian businesses with useful and profound information about opportunities to raise funds from international sources and technical specifics of such borrowings," - says Oleksandr Kurdydyk.
The seminar was organized with the support of the US-Ukraine Business Council (USUBC).
Notes to Editors
1. DLA Piper Ukraine LLC is part of DLA Piper, a global law firm, operating through various separate and distinct legal entities. The Kyiv team comprises more than 35 lawyers and is headed by Managing Partner Margarita Karpenko.
2. DLA Piper is a global law firm with 4,200 lawyers across 77 offices and 31 countries. From its offices across Asia Pacific, Europe, the Middle East and the United States, legal and business advisers provide a comprehensive range of services to local, regional and international businesses.
3. For further information about our organisation and services, please visit our website: www.dlapiper.com. Please follow us on Facebook.
4. The U.S.-Ukraine Business Council (USUBC) is a private, non-profit trade association representing the interests of the U.S. businesses active in Ukraine and Ukraine businesses active or somehow connected to the U.S. markets. USUBC is headquartered in Washington, DC. With over 175 members, USUBC is the largest business association for Ukraine which is not based in Ukraine, and the largest business association in Washington, DC for the country the size of Ukraine. USUBC has been promoting Ukraine as a place to do business, encouraging international companies to operate and invest in Ukraine, and working on reforms to make Ukraine a better and easier place to do business since 1995. For more information please visit www.usubc.org.