Banking and Finance


Financial regulation and currency control

Capital markets and securities

Business financing

Incorporation and reorganization


GOLAW’s attorneys have over a decade of experience with transactions of project finance and syndicated loans, debt restructuring, foreclosures and similar projects in the banking and finance sector. Attorneys of our banking and finance practice are representing the largest Ukrainian and foreign banks on debt recovery in court proceedings as well as out-of-court settlements. The distinctive strategy of the firm in such matters is to provide advice starting with enforcement of a levy on debtor’s assets and the sale of such assets (real estate, shares, movable property etc.) up to recovery of the client’s funds.

Analysis of a debtor’s corporate structure and risk assessment is an important stage of financing and requires appropriate competencies of advisors structuring the transaction. This is particularly true if the borrower’s group of companies has a foreign element. GOLAW attorneys advise banks and private creditors on complete disclosure of the borrower’s corporate structure and information on final beneficiaries. Among the firm’s successfully handled matters is consultancy on trade and export finance with state export credit agencies and project finance transactions with international financial institutions such as the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC) and the World Bank.

Iryna Kalnytska

Iryna Kalnytska

Partner, Head of Tax practice, Restructuring, Claims and Recoveries practice, Attorney at law

  • Recognitions
  • The Legal 500 EMEA 2020
  • Best Lawyers, Ukraine 2020
  • Who’s Who Legal 2020
  • Ukrainian Law firms. A Handbook for Foreign Clients 2019
  • 50 leading law firms of Ukraine 2020


  • Restoration of creditor’s rights over the pledged assets

    Full legal support of the creditor in a dispute with Ukrainian borrower on invalidation of the borrower’s actions with the pledged property and restoration of creditor’s rights over such property. As a result of court trials all borrower actions with pledged assets were declared unlawful and the right of the creditor as a pledgee were restored.

  • Consulting on debt restructuring

    GOLAW provided legal advice to Procredit Bank on debt restructuring under a loan agreement: estimation of risks related to refinancing or postponement of the due date of repayment, elaboration of the action plan of protection of Procredit Bank’s interests in case of future default, drafting legal documents on refinancing of the loan.

  • Legal due Diligence of the Borrowers

    GOLAW conducted full legal due diligence of the borrowers of the Procredit Bank, as well as their assets in Ukraine and abroad for the compliance of their activity with the current legislation of Ukraine for granting of the loan facility.

  • Creditor’s protection from lawful actions of the borrower

    Full legal support of UniCredit Bank Czech Republic and Slovakia, a.s.м and Export Guarantee and Insurance Corporation of the Czech Republic (EGAP) in a dispute with a major Ukrainian agro holding “Creative group” PJSC regarding the debt recovery under the loan agreement. GOLAW prevented the fraudulent actions of the borrower, elaborated the successful foreclosure strategy on the collateral with further sale of the foreclosed assets at public auction.

Key lawyers

Valentyn Gvozdiy
  • Managing Partner, Attorney at law, PhD
Max Lebedev
  • Partner, Head of Corporate Law and M&A practice, Attorney at law
Iryna Kalnytska
  • Partner, Head of Tax practice, Restructuring, Claims and Recoveries practice, Attorney at law
Olena Sulyma
  • Senior Associate, Attorney at law
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Galina Kočendova

Deputy Director at Claims Settlement and Debt Recovery Department
Export Guarantee and Insurance Corporation (EGAP)

EGAP as a credit insurance corporation insuring credits connected with exports of goods and services from the Czech Republic against political and commercial risks has been co-operating with GOLAW for many years. Starting from the year of 2015 we have been co-operating very intensely. We really appreciate their progressive approach to solving complex legal issues of claims recovery in Ukraine. We have profited from GOLAW’s attorneys ability to select and follow a winning strategy and from their business oriented approach. As a result of this approach our insured bank foreclosed upon an asset that has been nearly lost due to unlawful action of the debtor and is close to substantial recovery.

Ruben Oganyan

Head of Сredit risk department
ProCredit Bank

We highly appreciate professional legal assistance from GOLAW on supporting our bank as a lender in Ukraine. The firm is an ideal option for clients seeking advice on complex multi-jurisdictional transactions including syndicated lending and project finance transactions. They are extremely business-focused and solution-driven. It’s easy to work with the team as they listen to clients’ needs. The personal touch they have is beyond other firms.


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