Serhiy Chorny heads the Firm’s Banking & Finance/Capital Markets Practice Group in Kyiv. The team — comprised of 13 lawyers — is consistently ranked first or among the first in Ukraine in the areas of banking and finance, securitization and debt securities. Mr. Chorny is regarded as one of the leading finance lawyers in the areas of banking, finance and capital markets by Chambers Global and European Legal 500. Ukrainian Law Firms 2007-2009: A Handbook for Foreign Clients likewise recognizes him as one of the top advisers in the field on banking and international finance law. Mr. Chorny serves as a member of Baker & McKenzie’s Europe Banking & Finance and Securities steering committees. In addition to his practice, Mr. Chorny regularly presents at various local and international investment and financial industry conferences.

Practice Focus

Mr. Chorny focuses his practice in the areas of banking and finance, debt restructuring and insolvency, securitization and structured finance, debt capital markets and secured transactions. He has broad experience advising both foreign and domestic financial institutions and corporate clients on various aspects of the Ukrainian banking and finance legislation, as well as representing issuers and lenders in a number of capital markets transactions. Mr. Chorny is highly regarded for heading first-of-its-kind transaction in Ukraine, including the first Eurobond issuances and the first securitizsations. His practice covers serving major international and Ukrainian clients, including BNP Paribas, ING Bank, Morgan Stanley, Citigroup, PrivatBank, UkrSibbank, System Capital Management, Ferrexpo, Gastransit, EBRD and IFC. Mr. Chorny is currently involved in representing creditors, debtors and investors in some of the largest and most complex financial restructurings and insolvencies matters.

Representative Legal Matters

• Advised the lead banks and the coordinating committee of international lenders in connection with the restructuring of debts of Bank Nadra, a major Ukrainian commercial bank undergoing temporary administration. 
• Advised a London-based international bank as lender and issuer in connection with a proposed consent solicitation process and restructuring of financial obligations of a major Ukrainian commercial bank with respect to loan participation notes (Eurobonds) issued in the international capital markets. 
• Advised a London-based international bank in connection with the restructuring of financial obligations of Naftogas of Ukraine with respect to USD500 million loan participation notes (Eurobonds) issued in the international capital markets. 
• Advised the controlling shareholders of Joint Stock Company Provex-Bank on the USD750 million sale of 100 percent of the Bank’s shares to Intesa Sanpaolo S.p.A. 
• Acted as a transaction counsel on Ukrainian law matters on the first ever securitization of autoloans portfolio of Joint Stock Company Commercial Bank “PrivatBank”, the largest commercial bank (by assets) in Ukraine.

Professional Associations and Memberships

• American Chamber of Commerce, Ukraine - Banking Committee

Admission

Ukraine (1987)

Education

University of Essex  (LL.M. Distinction) (1994)
Institut International des Droits del Homme, Strasbourg  (Diploma International & Comparative Law of Human Rights) (1993)
Institute of State & Law  (Ph.D. Law) (1992)
Kyiv State Univeristy  (LL.M. Honors) (1987)