CMS has advised a syndicate of banks led by ING Bank on the adjustment to the loan repayment terms under the USD 450 million pre-export facility for Ukraine’s Kernel Group. Allen & Overy reportedly advised Natixis, one of Kernel Group's creditors. White & Case reportedly advised the Kernel Group.

Amendments to Law of Ukraine “On Advertising” No. 270/96-ВР of 3 July 1996 (the “Advertising Law”) have recently come into force. The amendments update obsolete regulations on advertising in Ukraine, thus ensuring advertising standards correspond to current technological developments.

On 27 October 2023, the Cabinet of Ministers of Ukraine approved the regulation that allows non-household consumers to operate without interruption during power outages, with some exceptions. In other words, in the event of infrastructure damage this winter, imported electricity may be used to avoid supply restrictions.

On November 28, 2023, the President signed two laws that modify the procedure for opening and formalizing inheritance. These laws were developed to protect the rights of heirs in times of war or a state of emergency.

Redcliffe Partners has advised the IFC, EBRD, and DFC on their USD 480 million loan to Ukrainian poultry and grain producer MHP. Avellum advised MHP. CMS and Harneys reportedly advised the DFC and EBRD, with Harneys and Baker Botts reportedly advising the IFC.

Former Sayenko Kharenko Partner Yaroslav Ognevyuk – together with Tetiana Ohneviuk – has set up a new law firm in Ukraine: the Ambassadors law firm.

Sayenko Kharenko has advised GoIT on an investment from Horizon Capital.

Avellum and Hillmont Partners have successfully represented Argentem Creek Partners and Innovatus Capital Partners before Ukraine's Supreme Court in bankruptcy proceedings against GNT Group companies Olimpex Coupe International and MetalsUkraine.

Sayenko Kharenko, working with Appleton Luff, has successfully represented PJSC Stalkanat in the antidumping administrative review regarding prestressed concrete steel strand, conducted by the US Department of Commerce, resulting in a 0% (no-dumping) rate being granted.

Former Counsel Iryna Kobets has been appointed a Partner with the LCF Law Group in Kyiv, where she will continue to head the firm's Dispute Resolution practice.

Against the backdrop of relentless conflict and uncertainty, Sayenko Kharenko Partner Nazar Chernyavsky offers a rare glimpse into the current state of his war-torn country and its resilient legal sector, shedding light on the challenges and adaptations of the Ukrainian people, the country's legal industry, and the significant strides made in mental health support and economic resilience.

Covington & Burling has successfully represented DTEK before the International Arbitral Tribunal seated in the Hague in a case against Russia over seized Crimean assets.

Amid reports of substantial volumes of foreign exchange proceeds going unreceived under certain export transactions, the National Bank of Ukraine (NBU) has taken steps to shorten the mandatory settlement deadlines for the export of certain agricultural products.

The National Bank of Ukraine (“NBU”) further relaxed currency control restrictions allowing Ukrainian borrowers to make early repayments of cross-border foreign currency loans extended after 20 June 2023 to development finance institutions (“DFIs”) and foreign export credit agencies (“ECAs”).

Integrites has advised the Hypra Fund on its USD 10 million acquisition of a minority stake in US-Ukrainian digital product manufacturer Trinetix.

The forthcoming Consumers' Rights Protection Law ("Law") in Ukraine, scheduled to take effect on 7 July 2024 (contingent on the cancellation of martial law in Ukraine), is poised to harmonize Ukrainian consumer protection legislation with key EU norms. This new Law aims to modernize consumer protection requirements, especially in the e-commerce context.

On October 30, 2023, Sayenko Kharenko announced that its Partner and Head of IP Yaroslav Ognevyuk would leave the team at the end of the month, to continue practicing law at his own firm.

On 19 September 2023, the Cabinet of Ministers of Ukraine and the National Bank of Ukraine adopted Regulation No. 1011, introducing a comprehensive methodology ("Methodology") to identify the ultimate beneficial owners (UBOs) of legal entities in Ukraine. This significant development aims to enhance transparency and provide detailed guidance on the process of identifying UBOs, with the ultimate goal of ensuring that legal entities in Ukraine are able to correctly identify UBOs within their ownership structure and disclose this information to the competent authorities.