DLA Piper has announced the appointment of former CMS dispute resolution Partner Olga Vorozhbyt as Partner and Head of the firm's Ukraine Litigation & Regulatory practice.
Comprehensive Review in Bulgaria
Hristo Nihrizov, Partner at Dimitrov, Petrov & Co., reported that the Bulgarian TV and radio markets are dominated by three big, established operators in the country. There are some new international players (e.g., Bloomberg recently launched a new business-oriented channel with a local partner), but Nihrizov noted that these new channels usually face an uphill battle in carving out market share and generally focus instead on niche markets. Overall, though, he pointed to a growing number of channels in the country, “which is good for the consumers.”
On September 5th, 2016, CEELM reported that Axon Partners had assisted Ukraine’s state-owned ProZorro public procurement electronic system in Ukraine on its transformation into an IT company. As the in-house legal team of ProZorro was not involved in the matter, we asked Director Nadia Bigun to answer several questions about the matter.
Avellum has advised ING Bank N.V. on Ukrainian matters related to USD 100 million secured pre-export revolving loan facility it and Credit Agricole Corporate and Investment Bank provided to Myronivsky Hliboproduct Group. ING Bank N.V. was also advised by Norton Rose Fulbright on English law, Arendt & Medernach on Luxembourg law, Montanios & Montanios on Cyprus law, and Harneys on BVI law.
Doubinsky & Osharova (D&O)is reporting that, on September 21, 2016, the Kyiv Economic Court of Appeal rejected PJSC Sberbank’s argument that D&O’s client PJSC Oschadbank’s certificate for the use of the "Sberbank" sign for goods and services should be terminated. The appeal followed the earlier decision of the Economic Court of Kyiv and the State Intellectual Property Service of Ukraine, both of which had also found for Oschadbank.
Sayenko Kharenko acted as legal counsel to the European Bank for Reconstruction and Development on its provision of a USD 20 million loan to the subsidiaries of the Industrial Milk Company, a Ukrainian agricultural holding listed on the Warsaw Stock Exchange and involved in corn, sunflower, wheat, soybean, potato, and dairy farming.
Sayenko Kharenko has advised the EBRD on the development of a draft law introducing the concepts of bondholder meeting and "collective representative" (trustee) in the Ukrainian Securities Market Law (officially known as the Law of Ukraine "On Securities and the Stock Market" No. 3480-IV). The draft law was introduced to the Parliament on September 5, 2016, under registration No. 5068.