CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
CMS Cameron McKenna Nabarro Olswang has appointed Vitaliy Radchenko as the new Managing Partner of its Kyiv office, taking over from Graham Conlon who oversaw the firm's operations in Ukraine for the past five years.
Integrites has advised Wartsila’s France-based Special Applications division on the bidding process and the agreement with Energoatom for the procurement of replacements for the safety backup of the nuclear power plant worth over EUR 2 million.
Former Arzinger Law Office Partner Anna Zorya has joined Rymarz Zdort as Partner. She is joined by former Arzinger Associate Viktoriia Dobrynska.
On 14 April 2022, the Civil Cassation Court of the Supreme Court issued its judgement in case No. 308/9708/19 (“Judgement”). The Judgement establishes that national courts have jurisdiction over claims for compensation of damage caused to individuals by military actions of the Russian Federation.
Avellum has advised the Ministry of Finance of Ukraine on a CAD 500 million 10-year loan from Canada. Sayenko Kharenko and Borden Ladner Gervais reportedly advised the lender.
On 28 April 2022, Resolution of the Government of Ukraine “On Amendments to Certain Resolutions of the Government of Ukraine on Notaries’ Activity and Functioning of Unified and State Registers Held by the Ministry of Justice, during Martial Law” No. 480-2022-p, dated 19 April 2022 (“Resolution”), entered into force, amending several previously adopted resolutions (as described in the Legal Alert, dated 29 March 2022).
Ukrainian Parliament currently considers bill No 7232 that increases tax rates for Ukrainian businesses related to Russia (the “Measure”). The aim of the bill is to discourage corporations from Russian business activities. If successful, it should decrease Russian fiscal revenue, which will leave Russia with less funds available for warfare. There is, obviously, a huge social request and support for such measures. However, actual effect of the bill is far not that definitive.
Recent changes in the work of Ukrainian intellectual property institute (Ukrpatent), which performs the functions of the National Intellectual Property Office (NIPO).
On 24 February 2022, the National Bank of Ukraine, in response to the introduction of the martial law in Ukraine initially imposed for 30 days but subsequently extended currently until 25 May 2022, issued Regulation No. 18 on banking system operations during martial law to prevent unproductive capital outflows from the country and to ensure the reliable and stable functioning of Ukrainian banking system during the time of war.
Due to the armed aggression of the Russian Federation against Ukraine, not only military and infrastructural objects of the state and territorial communities but also private objects of Ukrainian and foreign business are being destroyed.
Avellum has advised Kernel Holding on the sale of several of its farming entities to a company controlled by Andrii Verevskyi.
Asters has successfully represented PrivatBank before the Central Commercial Court of Appeal in a UAH 152 million dispute regarding the ownership rights over its Dnipro head-office building.
Former Arzinger Partner Markiyan Malskyy has joined Kochanski & Partners as a Partner and Head of the firm's Ukrainian Desk.
Rymarz Zdort has provided pro bono legal advice to the Save the Children International Foundation on the establishment and registration of its Polish operations.
An in-depth look at Olexiy Soshenko of Redcliffe Partners covering his career path, education, and top projects as a lawyer as well as a few insights about him as a manager at work and as a person outside the office.
The constitutional right to judicial protection is not subject to restrictions under martial law. At the same time, some courts, taking into account the real situation in the region, may establish special modes of operation.
CEE Legal Matters spoke with CMS Partners Alexander Rakosi, Horea Popescu, Philipp Mark, and Tetyana Dovgan about the impact the rise of ESG is having on the M&A landscape.
According to the CEE Legal Matters CEE By The Numbers report, between 2019 and 2021, Ukraine saw a large decrease in the number of ranked law firms and lawyers at ranked firms. While in 2019 the number of Ukrainian law firms ranked by Chambers & Partners and Legal 500 was 95, in 2021 the same number decreased to 69. Similarly, the number of ranked-firm lawyers decreased from 1,579 in 2019 to 1,338 in 2021. The decreasing trend is particularly visible in comparison to other CEE countries.
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
