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Avellum Advises Commercial Bank Center on Increasing Charter Capital

Avellum Advises Commercial Bank Center on Increasing Charter Capital

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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 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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