Oleg Mazur

International Partner*

Practice Description

Oleg Mazur’s practice focuses on regulatory banking, loan facilities, capital markets (debt), derivative products, securitization and other structured finance transactions, securities and foreign investment law.

^{*Chadbourne & Parke Ukraine LLC is affiliated with Chadbourne & Parke LLP.}

Representative Matters

• Advised a large group of international lenders in restructuring of USD400 million international indebtedness of Kreditprombank, one of the largest banks in Ukraine;
• Represented Amsterdam Trade Bank N.V. in connection with €50 million revolving loan to a large state enterprise operating in the energy sector;
• Advised Export-Import Bank of the United States in connection with two USD37 million secured financings of the purchase of mining equipment by Ferrexpo AG, a Swiss-based company, and its Ukraine affiliate Ferrexpo Poltava GOK Corporation;
• Advised EBRD in connection with USD50 million unsecured loan to OTP Bank and USD50 million unsecured loan to Ukreximbank under the Ukrainian Energy Efficiency Programme (UKEEP);
• Advised Turkcell, a leading international mobile phone operator in two financings worth USD360 million. The transactions were composed of a USD285 million buyer credit financing 2G and 3G equipment for Turkcell in Turkey and a USD75 million buyer credit financing 2G equipment for Astelit, a Ukrainian company majority owned by Turkcell;
• Advised Overseas Private Investment Corporation (OPIC) in the resolution of its long-standing financial dispute with the Government of Ukraine, which involved participation in government-to-government negotiations and preparation of complex settlement agreements;
• Advised Overseas Private Investment Corporation (OPIC) in USD30 million secured financing of International Mortgage Bank, a major international bank;
• Advised Bank of Cyprus in relation to its €52 million acquisition of 97.2% of the issued share capital of JSC AvtoZAZBank from selling shareholders;
• Advised Bank Hapoalim in relation to its announced USD135.3 million acquisition of circa 76% of the issued share capital of JSC Ukrainian Innovation Bank from selling shareholders;
• Advised Interpipe Group in connection with the financing and construction of a state-of-the-art electric-arc furnace steel smelting complex (EFSC) in Dnepropetrovsk, Eastern Ukraine, including negotiation of a USD187 million pre-export finance loan facility lead managed by Barclays Bank and Citibank; and an up to USD344.2 million financing lead arranged by Barclays Bank and Citibank, and guaranteed by SACE, the Italian export credit agency, related to the project to design and construct the EFSC;
• Advised a syndicate of banks on a €60 million financing of the construction and development of the Riviera shopping centre in Odessa, focusing on structuring and negotiation of the security package;
• Represented Credit Agricole in its USD254 million purchase on Index Bank;
• Advised Khortytsia, the largest Ukrainian alcohol producer in connection with its pre-IPO group restructuring process;
• Advised Khortytsia, the largest Ukrainian alcohol producer in connection with a USD88 million loan with equity upside provided by Credit Suisse London Branch, a major international bank;
• Advised Deutsche Bank AG on various Ukrainian law regulatory banking and RWA issues;
• Represented IFC in providing a loan to a large Ukrainian construction materials producer;
• Represented BNP Paribas in providing a loan to the largest Ukrainian stevedoring company;
• Represented European Bank for Reconstruction and Development in providing a loan to Malteurop, the largest Ukrainian malt producer;
• Represented TBIF, a Dutch financial company in acquisition of VABank, a Ukrainian bank;
• Advised European Bank for Reconstruction and Development in connection with a USD200 million financing to Kryvoryzhstal, the largest Ukrainian steel manufacturer;
• Advised Bank Finance and Credit, a major Ukrainian bank in connection with its USD100 million Eurobond offering;
• Advised PrivatBank, the largest Ukrainian bank in connection with its USD150 million Eurobond offering with the inclusion of the loan proceeds to the bank's Tier 2 capital;
• Advised ING London Branch as lead manager in connection with its USD75 million CLN funded loan to Ukrsotsbank, a major international bank;
• Advised Citigroup in connection with various enforceability of ISDA Master Agreements 1992/2002 in Ukraine;
• Advised Citibank N.A. in connection with enforceability of extinguishing swaps in Ukraine;
• Advised Credit Suisse First Boston (Europe) Limited regarding implementation of OTC Derivative Transactions in Ukraine;
• Advised JPMorgan Chase Bank in connection with implementation of various equity transactions in Ukraine involving stock loan, repo and equity derivatives including regulatory, trading, foreign currency and other regulatory issues;
• Advised Barclays Bank plc regarding FX, Derivative and other transactions to be traded on the basis of ISDA documents in or in connection with a Ukrainian counterparty;
• Advised Deutsche Bank London Branch regarding feasibility of cross border interest rate swap transactions with Ukrainian counterparties;
• Advised ING London Branch on a €50 million CLN funded loan to Ukreximbank;
• Represented PrivatBank as originator in connection with a true sale securitisation of its residential mortgage-backed loan portfolio;
• Advised a major Ukraine-based international real estate investor in connection with a financing transaction funded by a major international bank;
• Advised several Ukrainian producers and closed-end investment funds in connection with various level ADR and GDR programs with BNY acting as depository;
• Advised Barclays Bank plc in connection with the acquisition and placement of USD100 million corporate bonds issued by a major Ukrainian bank.

Honors

Mr. Mazur is cited in Chambers Global - The World’s Leading Lawyers for Business (2009-2011), PLC Which Lawyer? (2010-2011), The Best Lawyers (2010), IFLR 1000 (2011) and the Legal 500 2011: Europe, Middle East & Africa for his banking and finance work in Ukraine. Also, Mr. Mazur was ranked in a special survey "Client's Choice 2010: Top 100 the Best Lawyers in Ukraine" prepared by the Ukrainian legal newspaper "Yurydychna Gazeta".

Activities and Affiliations

Publications