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Avellum Advises Commercial Bank Center on Increasing Charter Capital

Avellum Advises Commercial Bank Center on Increasing Charter Capital


Avellum has advised the Public Joint Stock Company Commercial Bank Center and its sole shareholder Hamed Alikhani on increasing the bank's charter capital to UAH 200 million.

According to Avellum, the firm advised both clients on a number of corporate, regulatory, securities issues related to increasing the charter capital, and on further acquisitions of new shares of PJSC CB Center. Also, the law firm advised on obtaining approval from the National Bank of Ukraine and the National Securities and Stock Market Commission.

PJSC CB Center performed additional capitalization to comply with the capital requirements of the NBU. According to such requirements, Ukrainian banks must have a minimum charter capital of UAH 200 million.

In 2016, Avellum acted as the Ukrainian legal advisor of Hamed Alikhani to obtain the approval from the NBU for the acquisition of respective shareholding in PJSC CB Center, as well as to obtain a merger control clearance from the Antimonopoly Committee of Ukraine for the acquisition of PJSC CB Center (as reported by CEE Legal Matters on October 19, 2016).

The Avellum team was led by Managing Partner Mykola Stetsenko and included Senior Associate Andriy Romanchuk and Associates Dmytro Tkachuk, Andrii Gumenchuk, and Anton Arkhypov.


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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