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Sayenko Kharenko Advises the EBRD on Strengthening Bondholder Rights in Ukraine

Sayenko Kharenko Advises the EBRD on Strengthening Bondholder Rights in Ukraine

Ukraine
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Sayenko Kharenko has advised the EBRD on the development of a draft law introducing the concepts of bondholder meeting and "collective representative" (trustee) in the Ukrainian Securities Market Law (officially known as the Law of Ukraine "On Securities and the Stock Market" No. 3480-IV). The draft law was introduced to the Parliament on September 5, 2016, under registration No. 5068.

According to Sayenko Kharenko, "the key goals of the draft law are to encourage the greater use of the local debt capital markets in Ukraine, enhance access to information and control by bondholders, and address the risk of holdouts." The firm reports that the concept of the law was developed by Hogan Lovells, "and was subsequently developed into a draft law by a dedicated team of lawyers of Sayenko Kharenko."

Sayenko Kharenko’s team included Counsel Anton Korobeynikov, Senior Associate Olexander Olshansky, Associate Dmytro Vasylyna, and was led by Partner Nazar Chernyavsky.