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We advise lenders and borrowers on various kinds of facility including:

  • Bilateral
  • Corporate loans
  • Guarantees and performance bonds
  • Multicurrency
  • Revolving and term
  • Secured and unsecured
  • Sovereign loans
  • Swingline
  • Syndicated
  • Trade finance

Throughout our focus region English law is the primary choice of law to govern cross-border loans and other financial transactions, whether large syndicated facilities for natural resource projects or funding for microfinance.  We work closely with local and in-house counsel in each case to ensure the completion of the required due diligence, local law compliance, perfection of security and the issuing of legal opinions.

Paine Stevens is an associate member of the Loan Market Association in London.

Recent work carried out by lawyers in the team includes:

  • Advised Asian Development Bank in relation to facilities for TBC Bank in Georgia, comprising a senior loan of US$50 million for the financing of micro small and medium enterprises and a subordinated loan of US$50 million to supplement TBC Bank's tier 2 capital.
  • Advised Asian Development bank on a US$50 million loan facility to AccessBank CJSC in Azerbaijan, to be utilised for the financing of medium, small and micro business in the regions outside Baku.
  • Advised Asian Development Bank on a US$50 million loan facility to JSC TBC Bank in Georgia, to be utilised for the financing of medium, small and micro business in the regions of Georgia.
  • Advised EBRD on its approximately US$40 million loans to JSC Pavlodarskiye Teploviye Sety and LLP Pavlodarskiye Teploviye Sety in respect of the modernisation of the city domestic heating systems in Pavlodar and Petropavlovsk in northern Kazakhstan.
  • Advised a European bank on its rights and obligations in relation to its resignation from agency roles in several project financings in the power generation sector in Turkey.
  • Advised Kazakhstan oil producer JSC Turgai Petroleum on the commitment increase to US$450 million under its syndicated loan facility arranged by Bank of China.


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