The transaction was implemented within the framework of the resolution procedure of an insolvent bank with the participation of the Deposit Guarantee Fund of Ukraine and involved a multi-layered regulatory and transactional process.
As part of the project, ETERNA LAW provided comprehensive legal support, including:
- participation in the tender process conducted by the Deposit Guarantee Fund of Ukraine for the resolution of the insolvent bank – JSC “FIRST INVESTMENT BANK”;
- conducting comprehensive legal due diligence of the bank offered for sale within the tender process;
- supporting the investor in passing the pre-qualification procedure with the National Bank of Ukraine for participation in the resolution of an insolvent bank;
- obtaining approval from the National Bank of Ukraine for the acquisition of a qualifying holding in the bank;
- securing preliminary clearance from the Antimonopoly Committee of Ukraine in connection with the planned concentration;
- structuring the transaction and providing full legal support for the negotiation, drafting, and execution of the share purchase agreement;
- assisting with the opening of a securities account and settlement of the transaction;
- overall coordination and legal support throughout all stages of the transaction until its completion.
The successful completion of this transaction demonstrates ETERNA LAW’s strong expertise in advising on complex transactions in the financial sector, particularly in banking regulation, M&A, and regulatory matters.
The project was carried out by ETERNA LAW’s Corporate, M&A and International Dispute Resolution team, including Counsels Philip Taranenko and Marharyta Tatarova, Senior Associates Anton Khodosh, Roman Rubanyk, and Oleksii Metel, Associates Elmira Shevchenko and Anna Myroshnychenko, and Junior Associate Dmytro Maksymov, under the supervision of Partners Oleh Malskyy and Artem Kuzmenko.
