Today marks the 238th anniversary of the American Declaration of Independence, and Americans will be celebrating with fireworks, barbecues, picnics, and beer. The famous "Baseball, Hot-dogs, and Apple Pie" recitation resonates today most of all.
The last couple of months have taught legal practitioners in CEE (including Russia and Turkey) that this region requires quite a bit of foresight when advising on transactions of any kind: the de-facto occupation and integration of Crimea into the Russian Federation is unlikely to have been reflected in the SPAs or long-term contracts that were negotiated in late 2013/early 2014. The occupation of a significant portion of a country sharing a common land border with four EU-member states is something few people would have thought of as a realistic scenario at that time. Well, that has changed now.
CEE Legal Matters has asked a number of Ukrainian lawyers who were personally involved in the events on Maidan Nezalezhnosti ("Independence Square") in Kiev to describe both their reasons for being there and the dramatic events they witnessed. This, the first such account, was sent to us by Dmytro Ivanusa, the Head of Legal at Donoway Assurance (Ukraine), a Member of Crowe Horwath International. We want to thank Dmytro for taking the time to write this exclusive account for our readers.
We are certainly still close enough to the beginning of the year for a bit of productive looking back, accessing the present, and planning for the future.
Like the rest of the world, the financial crisis negatively affected the CEE and all of us who practice law within this dynamic region. The affect may have been uneven as among our various countries and practice areas, but no one escaped the impact entirely.