The NBU has allowed early loan repayment via debt-to-equity conversion
PwC, Kyiv, Ukraine
Mon, August 29, 2016
On 23 August 2016 the National Bank of Ukraine (the “NBU”) issued a resolution*, which, in particular, allows for early redemption of loans granted by non-residents if the principal amount of such loans is converted into the (authorized) share capital of the debtor.
These changes come into force on 1 September 2016.
We will continue to monitor the situation and keep you updated on the issue.
*The NBU Resolution No. 375 dated 23 August 2016
Camiel van der Meij, Partner & TLS Leader, firstname.lastname@example.org
Andrey Pronchenko, Partner, Tax and Legal Services, email@example.com
Alexey Katasonov, Director, Tax and Legal Services, firstname.lastname@example.org
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