Asters advised China Development Bank
Asters acted as a legal counsel to China Development Bank (CDB) in connection with a number of agreements on the long-term strategic partnership with Ukrtelecom and Huawei Technologies.
Ukrtelecom will receive the financial support from CDB and the technological support from Huawei to modernize its telecommunications network in Ukraine. At the first stage of the long-term partnership Ukrtelecom expects to receive credit from CDB amounting to USD 50 million, with repayment of loans to be completed by the end 2022.
Asters' banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associate Inna Bondarenko.