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Sayenko Kharenko's antitrust team has provided legal assistance in obtaining merger clearance with the Antimonopoly Committee of Ukraine (AMC) for the EUR 22.8 billion acquisition of Sanofi’s animal health business (“Merial”) by Boehringer Ingelheim through an asset swap in exchange for Boehringer Ingelheim’s consumer healthcare business. The transaction is expected to close in Q4 2016, subject to appropriate regulatory approvals globally.

The Deal:

On March 8, 2016, CEE Legal Matters reported that Sayenko & Kharenko had advised Sberbank on the restructuring of a sovereign-guaranteed loan to Yuzhnoya’s State Design Office and the Road Agency of Ukraine (Ukravtodor) with an outstanding principal balance of approximately USD 367 million and had advised Sberbank and Citibank on the restructuring of another loan to Ukravtodor with an outstanding principal balance of EUR 37.3 million. Linklaters advised the banks on matters of English law, and Avellum acted as Ukrainian counsel to the Ministry of Finance of Ukraine on both matters.

Graham Conlon is a Partner and English-qualified solicitor at CMS, where he is the Co-Head of International Private Equity and the Head of Corporate and M&A in Kyiv. He divides his time between Warsaw and Kyiv and has a regional role and advises on private equity and M&A transactions throughout Europe and beyond.

The Ukrainian legal framework governing international arbitration generally follows the international standards set by UNCITRAL.

Over the years Ukraine has been known as a country with restrictive currency control regulations. Historically, these have been aimed at limiting the flight of capital out of the country and maintaining the stability of Ukraine’s local currency, the hryvnia (UAH).

In 2015-2016 almost all energy related trends are driven by the Ukrainian government’s efforts to bring its legislation into compliance with the Third Energy Package, which the country is required to do as a member of the European Energy Community. Indeed, Ukraine is in the process of a large-scale reform of its energy sector.

On July 26, 2016, a cross-section of eminent lawyers from leading law firms in Ukraine gathered at DLA Piper’s Kyiv office for a wide ranging Round Table conversation about the state of the Ukrainian economy and legal market and their expectations for both going forward.  

Ukraine Knowledge Partner

Avellum is a leading Ukrainian full service law firm with a special focus on finance, M&A, and dispute resolution. Our goal is to be the firm of choice for our clients with respect to their most significant business transactions. We bring the most advanced Western legal techniques and practice, which, coupled with our first-hand knowledge, broad industry experience, and unparalleled level of service, will help our clients achieve best results in their business endeavours. We work seamlessly in integrated teams with premier US, UK and European law firms in course of multijurisdictional transactions. The team consists of 26 highly qualified attorneys, including three partners – Mykola Stetsenko, Glib Bondar, and Dmytro Marchukov, who are actively involved in every transaction. Avellum is recognised as one of the leading law firms in Ukraine by various international legal directories and Ukrainian legal editions (Chambers, Legal500, IFLR1000, Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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