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67 New Articles

The COVID-19 pandemic is making a significant impact on international commerce with Ukrainian counterparties involved. Interrupted supply chains of goods (especially if they were partly or fully produced in China), inability to provide services, perform works during quarantine, and to conduct regular business operations are just a few problems that lots of companies have encountered.

Read more: COVID-19: Force Majeure and International Commercial Contracts

Since mid-2019 Ukrainian authorities have been bringing to public fora various suggested amendments to Ukrainian “green” (feed-in) tariff framework. The most recent proposal from the Ministry of Energy and Environmental Protection mentioned creating an option with voluntary 5-25% reductions to the existing tariffs simultaneously with prolongation of their lifespan.

Read more: Changes to Feed-in-Tariff. Treat with Caution

Ukraine's Esquires Attorneys at Law has successfully represented Trade and Logistic Complex Arctic LLC in a dispute involving a former director of the company's unlawful transferring of equipment related to the supply of electricity to a complex of storage and food production facilities covering a total area of more than 20 thousand square meters to the ownership of another company that he was affiliated with.

Read more: Esquires Successful for Trade and Logistic Complex Arctic in Dispute with Former Director

Asters has advised British oil and gas company Regal Petroleum on its up to USD 8.63 million acquisition of Arkona Gas-Energy, a Ukrainian company holding the license to explore, develop, and produce hydrocarbons in the Svystunkivsko-Chervonolutske field, in the Poltava region of Ukraine.

Read more: Asters Advises Regal Petroleum on Acquisition of Arkona Gas-Energy

Sayenko Kharenko has advised the EBRD on its provision of a four-year loan of up to EUR 15 million to OTP Leasing. The loan will be available for disbursement as a Ukrainian hrivnya synthetic and/or euro denominated facilities.

Read more: Sayenko Kharenko Advises EBRD on EUR 15 Million Loan to OTP Leasing

On March 18, 2020, President Zelensky signed a package of laws regarding support of taxpayers and individuals during national quarantine (Laws No. 3220, 3219, 2538, 2539). What tax-related novelties do these laws introduce for business? See below the summary from INTEGRITES Tax and Customs team.

Read more: Quarantine: Tax Implications for Business in Ukraine

Sayenko Kharenko has advised OH Holding Limited on the sale of a 51% stake in the Luxoptica Group and the creation of a joint venture with Essilor Nederland Holding B.V.

Read more: Sayenko Kharenko Advises OH Holding on Disposal of Majority Stake in Luxoptica Group and Creation...

Redcliffe Partners and Clifford Chance Contribute to Global Pro Bono Project on Human Right to Healthy Environment

Redcliffe Partners, Clifford Chance, and over 100 law firms around the world have participated in a global mapping survey for the United Nations Special Rapporteur for Human Rights and the Environment related to the existence (or non-existence) of a fundamental human right to a healthy environment.

Read more: Redcliffe Partners and Clifford Chance Contribute to Global Pro Bono Project on Human Right to...

Starting from October 21, 2019 a new bankruptcy code entered into force in Ukraine substituting the law that had been in effect since 1992 (the «Law»). New legislation is aimed at making the procedure more efficient and expedient, as well as at granting the creditors more control over the insolvency process.

Read more: New Bankruptcy Code: Overview of Novelties

On February 1, 2020, the new Law on Lease of State-Owned and Municipal Property (the “Law”) came into force. The Law substitutes the old one that has been in use since 1992 and launches a fundamentally new mechanism for the lease of state/municipal property which aim to:

Read more: Leasing State-owned and Municipal Property in Ukraine: New Improvements

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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