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Investigations Into Price Hikes and Other Responses by the Ukrainian Competition Authority to the COVID-19 Crisis

The Ukrainian Competition Authority investigates price hikes for face masks, health protection products and long-life foodstuffs amidst COVID-19 outbreak. Airline tickets, telecoms and misleading claims about fake coronavirus treatments are also in focus.

CMS Kyiv has helped Expert Petroleum, an international company specialized in mature oil and gas field operations optimization, on negotiations with UkrGasVydobuvannya, Ukraine’s state-owned natural gas production company, on Ukraine's first full-scale Production Enhancement Contract.

2019 was a very successful year for Ukrainian renewables industry attracting around €3.7 billion of investments (as reported by the State Agency on Energy Efficiency). However, the COVID-19 pandemic may have an adverse effect on this industry as well.

Six CEE-based lawyers — Agnieszka Skorupinska, Jakub Podkowa, and Jakub Wieczorek in Warsaw, Natalia Kushniruk in Kyiv, Roxana Fratila in Bucharest, and Artashes Oganov in Moscow — are among the 41 worldwide that CMS has promoted to the firm's partnership as part of its 2020 round.

The quarantine which followed the spread of the COVID-19 in Ukraine has fundamentally changed conditions for doing business in Ukraine. Some companies suspend their work, others reduce staff and/or employees' salaries to keep operations going in crisis times. To comply with Ukrainian law, it is important to formalise labour relationships correctly. What are the options for business in Ukraine during quarantine?

Integrites has helped Agro Group, a Ukraine-based sugar producing company, complete a competition investigation project involving the sugar beet processing market initiated by the regional department of the Antimonopoly Committee of Ukraine in the country's Chernihiv region.

Bird & Bird has won a USD 149 million judgment from the English Commercial Court for Carpatsky Petroleum Corporation, a subsidiary of Kuwait Energy, in a dispute with PJSC Ukrnafta arising out of a joint activity agreement relating to gas fields in Ukraine.

In The Corner Office feature of CEE Legal Matters we ask Managing Partners at leading law firms across Central and Eastern Europe about their unique roles and responsibilities. In light of current events, the question for this online occurrence of the feature is: "How are you managing your team working remotely during this challenging period?"

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.

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.

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.

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.

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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