On 16 August 2024, new rules for the registration of geographical indications in Ukraine came into force ("Rules"). In accordance with Order of the Ministry of Economy of Ukraine No. 16370 dated 09.07.2024, the Rules establish requirements for the registration of geographical indications for agricultural goods, food and alcoholic beverages.

Weil and Sayenko Kharenko have advised an ad hoc committee of bondholders of Ukraine’s Eurobonds on a USD 23 billion restructuring of Ukraine’s sovereign debt. White & Case and Avellum reportedly advised the Ministry of Finance of Ukraine.

The Cabinet of Ministers of Ukraine published Resolution No. 988 dated 16.08.2024, which amended the Procedure for Reservation of Persons Liable for Military Service during Martial Law (hereinafter – the “Reservation Procedure”). Key changes are:

On 16 August 2024, the Resolution of the Cabinet of Ministers of Ukraine as of 9 August 2024 No. 925 ("Amending Resolution") became effective and introduced amendments to the Resolution of the Cabinet of Ministers of Ukraine as of 18 March 2022 No. 314 "On Certain Issues of Ensuring of Carrying Out Commercial Activities During Martial Law" ("Resolution on Simplified Licensing Procedure").

Integrites, working with Hughes Hubbard & Reed, has successfully represented Ukrenergo in an investment treaty arbitration against Russia.

Integrites has advised the Ukrainian subsidiary of Peikko Group Corporation's agreement with Industrial Park Bila Tserkva 1, part of UFuture Group, on launching production in Ukraine.

On August 13, 2024, the Cabinet Ministers of Ukraine (CMU) adopted important resolutions which will accelerate the deployment of renewable energy sources (RES) and distributed generation in Ukraine, namely:

CMS has advised MND on its acquisition of a 50% share in the 54.6-megawatt Oriv wind power plant in Ukraine.

Aequo has successfully represented the interests of the Gas Transmission System Operator of Ukraine before the Supreme Court of Ukraine.

Avellum has advised PJSC Ukrnafta on obtaining unconditional merger clearance from the Antimonopoly Committee of Ukraine to manage Tatneft.

On August 13, 2024, the CMU adopted Resolution N 757-р On some issues of pilot auctions for the allocation of the support quota in 2024 (the “Auction Quota Resolution”).

Sayenko Kharenko has advised the European Bank for Reconstruction and Development on a EUR 12 million loan to the city of Kryvyi Rih under EBRD’s Resilience and Livelihoods framework.

On 26 July 2024, the National Energy and Utilities Regulatory Commission (NEURC) adopted Resolution 1381, amending key provisions of the following agreements:

Fairsquare has launched an office in Kyiv, focusing on providing advice and assistance to clients regarding their expansion into the Ukrainian market. The office will be headed by Ihor Mazurenko.

On August 13, 2024, the CMU adopted Resolution N 756-р On some issues related to the contest for the construction of generating capacity and the implementation of demand-side management measures (the “Contest Conditions Resolution”) setting forth the following conditions for the construction of generating capacity:

Hillmont Partners and Avellum have successfully represented GNT Group's creditors and have stopped an attempted corporate raid.

The use of PPP mechanisms in Ukraine is not common and has been only recently gaining momentum. Even though the Law on Concessions was adopted back in 1999 and the Law on Public-Private Partnership in 2010, these instruments have long been underestimated.

A summary of recent legislative developments in the fields of energy and natural resources in Ukraine.