Asters is reporting that Counsel Dmytro Shemelin has been elected Deputy Head of Ukraine's new Arbitration Committee, established pursuant to the requirements of the new On Financial Restructuring law for dispute resolution within financial restructuring procedures in Ukraine. The Supervisory Board also approved Asters' Managing Partner Oleksiy Didkovskiy as an arbitrator within the financial restructuring procedure.
Redcliffe Partners has provided legal advice to the EBRD in connection with a EUR 3.3 million financing of an Aquanova Development LLC loan facility for the construction of a small hydro power plant, Nyzhniy Bystryi, with a generation capacity of 1.7 MW, located on the Rika River in the Khust District of the Zakarpattya Region of Ukraine. Clifford Chance advised EBRD on English law aspects of the financing.
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Tria Robit, working on behalf of Italian undertaking Ferrero S.P.A., has successfully opposed the international registrations by Ukrainian undertaking Dochirnie pidpryiemstvo "Kondyterska korporatsiia Roshen" with the word "Roshen" in them – subsequently designated to Latvia – on the basis that they created a likelihood of confusion with Ferrero's earlier international "Ferrero Rocher" figurative trademark registration and improperly imitated a well-known trademark.
CMS has advised iCotton, a manufacturer of hygiene products in Eastern Europe, on its acquisition of a controlling 59.95% stake Harper Hygienics from Polish Enterprise Fund V, a private equity fund managed by Enterprise Investors. Gessel advised the sellers on the deal.
Eterna Law, working in cooperation with Maples and Calder in the British Virgin Islands and Matthew Hardwick QC (instructed by Maples and Calder Partner Arabella di Iorio), successfully appealed a lower court's ruling involving the discharge of a worldwide freezing injunction on behalf of clients Rustam Yusufovich Gilfanov and Sergey Aleksandrovich Tokarev in the Eastern Caribbean Court of Appeal (BVI Court of Appeal).
Sayenko Kharenko Counsel Oleksandr Nagorny has been appointed Deputy Chairman of the Antimonopoly Committee of Ukrainе and Avellum Managing Partner Mykola Stetsenko and Sayenko Kharenko Partner Vladimir Sayenko have been elected to its Public Council at the Committee's constituent assembly on February 24, 2017.
CEE Legal Matters is a media partner of the “International Arbitration: Emerging Changes” conference to be held on March 17 in Kyiv. With a look ahead to the event, we have asked Oleg Alyoshin, Partner and Head of International Arbitration at Vasil Kisil & Partners, about recent trends and the future of international arbitration in Ukraine, as well as about bringing world-known international arbitration practitioners to Kyiv for a conference.
Aequo’s Tax Disputes team has successfully defended the interests of Zara in a tax dispute before the Kyiv Administrative Court of Appeal. The case concerned the refusal by the Ukrainian tax authority to credit the amounts of advance corporate profit tax paid by the company upon the distribution of dividends towards its current corporate profit tax liabilities.