Sayenko Kharenko has advised J.P. Morgan on the purchase of the USD 329 million Eurobond tap issue by Ukraine. Avellum advised Ukraine’s Ministry of Finance.
On 19 June 2020, the Verkhovna Rada of Ukraine adopted Law of Ukraine No. 738-IX “On Amendments to Certain Legislative Acts of Ukraine Regarding Liberalisation of Attracting of Investments and Introduction of New Financial Instruments” (“Law”). The Law implements the provisions of key European Union capital markets acts, including MiFID II, MiFIR, and CRD IV. The Law was officially promulgated on 15 August 2020 while the majority of its provisions will enter into force on 1 July 2021.
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.
On July 29, 2020, the Cabinet of Ministers of Ukraine adopted the Resolution “On Certain Issues of Functioning of Authorized Economic Operators”. The Resolution aims at regulating all the formalities for the comprehensive launch of authorized economic operators (hereinafter referred to as the “AEO”) program in Ukraine.