Wed, Apr
18 New Articles

Baker McKenzie's Kyiv, Frankfurt, Berlin, and Amsterdam Offices have helped a consortium of German banks led by Bayerische Landesbank, and DTEK Renewables complete an ECA-backed finance transaction in the Ukrainian renewable energy sector aimed at financing the construction of the first stage of the Primorska wind electric plant in Ukraine.

Axon Partners, with offices in Kyiv and Lviv, and Kharkiv's Oksana Kobzar Law Office have announced that they will merge, operating going forward under the Axon Partners brand, and with offices in all three cities.

Many real estate experts and market players are upbeat about the positive trends on the Ukrainian real estate market, which is recovering after a significant downturn in 2013–2015. As the political and economic situation improves and the conflict in the south-west of the country stabilizes, foreign investors, attracted by market opportunities, are showing increasing interest in Ukraine.

The International Trade Law Practice team of Ilyashev & Partners Law Firm is advising the Ukrainian Association of Producers of Ferroalloys and other Electrometallurgy Products and Ukrainian producers of ferrosilicomanganese during a five-year review of anti-dumping duties – a so-called sunset review – on imports of ferrosilicomanganese from Ukraine and the People’s Republic of China.

Asters has advised the EBRD in connection with its up to USD 3.86 million financing to Energoresurs-Invest Corporation, a provider of insulated steel pipe solutions and manufacturer of wastewater plastic pipes and drainage systems.

Asters and the Ukrainian office of Egorov Puginsky Afanasiev & Partners have announced that they will merge on October 1, 2018, operating thereafter under a name which they have not yet disclosed.

On 2 August 2017 the state aid regime, based on the requirements of the EU-Ukraine Association Agreement (the "Association Agreement"), fully entered into force in Ukraine. Before this there were no state aid rules in place, and state support was distributed by the Ukrainian authorities as was deemed appropriate according to fast-changing industrial and regional policy objectives. The Ukrainian government has, traditionally, heavily supported producers in a number of so-called "priority" industries such as steel, fuel and energy, coal mining, aircraft manufacturing and shipbuilding. In the energy sector alone, total budget revenue relinquished under special tax benefits allowed to undertakings accounted for up to 3.5% of GDP annually. The introduction of state aid control is expected to bring more transparency and higher standards in the management of public spending. In particular, all existing state aid programmes implemented before 2 August 2017 should be notified to the Antimonopoly Committee of Ukraine (the "AMC") until 2 August 2018, and all new state aid may be granted only following the prior approval of the AMC.

According to experts, Ukraine ranks fourth in the world in export of IT-products; i.e., software. It is not a rare phenomenon for Western counter-parties buying software to encounter a low level of pre-sale clearance. In other words, the Ukrainian sellers are not always able to confirm their title rights to the software they dispose of, potentially exposing foreign buyers to the risk of IP-related claims of third parties.

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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