Kinstellar has advised Qatari port operator Qterminals and its Ukrainian subsidiary, Qterminals Olvia, on its entrance into a 35-year concession agreement for the Olvia port with the Ministry of Infrastructure of Ukraine and the Ukrainian Sea Ports Authority. EY Law reportedly advised the Ministry of Infrastructure and the Sea Ports Authority on the deal.
According to Kinstellar “under the concession agreement, the concessionaire has the exclusive right to operate, manage, and develop the Olvia port. In addition to regular concession payments, under the terms of the agreement, the concessionaire will invest up to USD 120 million in the modernization and development of Olvia port and will contribute an additional USD 2.9 million for the development of the local infrastructure. This makes the project the largest concession ever awarded in Ukraine, the largest investment in Ukraine’s port sector, and the second-largest foreign investment in Ukraine since the privatization of the Kryvorizhstal steel mill in 2005.”
Kinstellar’s team was led by Counsel Oleg Matiusha and included Partner Iryna Nikolayevska, Counsel Andriy Nikiforov, Senior Associates Danylo Volkovetskyi and Viktoriia Dobrynska, Associates Daryna Ushchapivska, Julia Palaida, Yulia Eismont, and Oleksandr Plachynta, and Lawyer Oleksiy Burchevskyy.