Weil is representing a group of bondholders, led by Ukraine’s biggest creditor Franklin Templeton Investments, regarding Ukrainian debt restructuring negotiations with the Ukrainian government. The bondholder group also includes T. Rowe Price, TCW Group and BTG Pactual Europe.
In February 2015, Ukraine formally requested further funding from the International Monetary Fund and cancellation of its existing funding arrangements. In March 2015, the IMF announced the approval of a four year extended fund facility (EFF) for Ukraine. As a condition of that loan, Ukraine must procure additional savings through the restructuring of its sovereign and quasi-sovereign debt held by the private sector.
The Weil team is led by London-based restructuring partner Andrew Wilkinson, and includes Paul Bromfield, Kirsten Erichsen and Rob Peel. Todd Chandler and Patrick Bright are providing capital markets advice.