19
Sat, Aug
43 New Articles

An “unmanned aircraft” or “remotely piloted aircraft system” or “drone” is an aerial vehicle without a human pilot on board. Drones are designed for various uses: military, law enforcement, environmental and infrastructure monitoring, journalism, surveillance, agriculture, transportation, construction, etc. Being equipped with sophisticated geolocation, imaging, and facial recognition technologies or infrared sensors, some high-end drones can track up to 65 targets across an area as wide as 100 km, which allows for the gathering of detailed information on people – thus potentially infringing their right to privacy. The issue becomes even more worrying as drones retail at low prices that allow wide access to the technology.

Asters has served as Ukrainian counsel (working with lead counsel Quinn Emanuel Urquhart & Sullivan) to JSC Oschadbank, in connection with Oschadbank's claim against the Russian Federation, brought before an arbitration panel at the International Chamber of Commerce in Paris, for recovery of over USD 1 billion in compensation as a result of the total loss of its investments in Crimea.

Clifford Chance has advised Deutsche Bank, ING, Natixis, and UniCredit in their capacity as the coordinating committee for the pre-export finance banks in connection with the successful implementation of a USD 2.3 billion debt restructuring for Metinvest. Ukraine's Redcliffe Partners, working alongside Clifford Chance, provided Ukrainian law advice to the committee. Baker McKenzie and Allen & Overy advised Metinvest on the restructuring.

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.

The year of 2016 was marked by relatively low M&A activity in Ukraine. Although transactions were carried out in almost every industry, their total number turned out to be quite moderate.

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. 

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

 

Our Latest Issue