Avellum, working with White & Case, has advised the Ministry of Finance of Ukraine on the restructuring of Ukraine’s sovereign debt. Sayenko Kharenko, working with Latham & Watkins, advised JP Morgan in its role as solicitation agent. Weil Gotshal & Manges advised some of the GDP-warrant and bondholders.
Asters Advises on Olson Family Trust Humanitarian Mission in Ukraine
Asters has advised Olson Family Trust Director Chuck Olson prior to and during his visit to Ukraine on the implementation of the first phase of the trust’s humanitarian mission.
Rules for Construction of Temporary Houses for Internally Displaced Persons
The Laws of Ukraine "On Amendments to Certain Laws of Ukraine Regarding Priority Reform Measures in the Field of Town-Planning” No. 2254-IX, dated 12 May 2022 (“Law 2254”) and "On Amendments to Certain Legislative Acts of Ukraine Regarding Regulatory Peculiarities of Land Relations under Martial Law” No. 2247-IX, dated 12 May 2022 (“Law 2247”, hereinafter together with Law 2254 – “Laws”) came into force more than a month ago.
Antitrust and Competition Reform in Ukraine: Recent Milestones in Development
Over the last years the Ukrainian legal community has been actively discussing the developments in the antitrust reform and making practical efforts to implement it. MPs, the Antimonopoly Committee (the AMC) and other state bodies, international organizations, domestic and foreign antitrust experts have been involved in this process. This article provides an overview of certain changes that will further contribute to the development of the Ukrainian antitrust and competition legislation, and which have already been reflected in draft laws. Most of them were published in the form of recommendations provided to Ukraine by the OECD (Organisation for Economic Co-operation and Development) several years ago.
Asters Successful for PrivatBank Before Supreme Court
Asters has successfully defended the interests of PrivatBank before the Supreme Court in a case relating to the bank's nationalization.
ESG Talks: M&A Trends and the Future of Due Diligence – A CEE Legal Matters Round Table
On July 7, four leading lawyers from Austria, the Czech Republic, Hungary, and Ukraine sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the increasing prominence of ESG issues and their impact on M&A transactions, due diligence procedures, and the role of the lawyers themselves.
Vitaliy Odzhykovskyy Makes Partner at Sayenko Kharenko
Former Counsel Vitaliy Odzhykovskyy has been promoted to Partner with Sayenko Kharenko.
Labour Relations During Martial Law
On 15 March 2022, the Parliament of Ukraine passed Law of Ukraine “On Organisation of Labour Relations under the Martial Law” No. 2136-IX, dated 1 July 2022 (“Law 2136”). Law 2136 was intended to define the aspects of labour relations during martial law.
KPD Consulting Successful for Porsche Ukraine in Recovering Stolen Cars
KPD Consulting has provided legal support to Porsche Ukraine in criminal proceedings seeking the return of automobiles stolen during the occupation of the Kyiv region.
Ukraine Moves to Regulate Services Provided by Foreign Crypto Businesses to Ukrainian Clients
March 2022 was a breakthrough month for the virtual assets market in Ukraine. With the help of Ukraine‑based Everstake and Kuna, the Ministry of Digital Transformation of Ukraine set up a fund to accept donations in crypto assets to primarily support Ukraine’s military needs. According to the Ministry, Ukraine’s government has raised over USD60 million in crypto donations to date. Also, Unchain Ukraine, a project of Ukrainian blockchain activists, launched a card that has been marketed as ‘the first charitable cryptocurrency card’ powered by Weld Money and Unex Bank. The crypto assets raised are exchanged into UAH and made available to women and children in need using Unchain Help Card, a virtual card issued by Unex Bank.
Avellum Advises on Sale of Pep Group to Locaria
Avellum has advised the seller on the sale of the Pep Group to Locaria. Lexence reportedly advised the buyer.
Wartime Tax Relief Restricted
On 27 May 2022, Law of Ukraine “On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine Regarding the Peculiarities of Tax Administration of Taxes, Fees and Unified Social Contribution During Martial Law and the State of Emergency” No. 2260-IX, dated 12 May 2022 (the “Law”), entered into force. The Law introduced several changes to the taxpayers’ rights and obligations during martial law.
Ilyashev & Partners Announces Glimstedt Cooperation
Ilyashev & Partners has announced it has started a cooperation with Glimstedt to expand the firm's capabilities in EU countries.
Ukraine: The Prospects of Road PPP Projects
On February 15, 2022, the Ukrainian Parliament adopted draft Law No. 5090 on Amendments to the Budget Code of Ukraine on the Regulation of Budgetary Relations in the Implementation of Contracts Concluded within the Framework of Public-Private Partnerships, Including Concession Contracts (Law 5090). The law is vital for the functioning of public-private partnerships (PPP) in the road and highway reconstruction sector since it enables public partners to provide guarantees of fulfillment of their long-term obligations under relevant PPP projects.
Asters Supports Ukraine’s Ministry of Justice in Inter-State Case Against Russia Before European Court of Human Rights
Asters, working pro bono with Quinn Emanuel Urquhart & Sullivan, has advised the Ministry of Justice of Ukraine on the inter-state proceedings being brought by Ukraine against the Russian Federation before the European Court of Human Rights.
Redcliffe Partners Advises EBRD on EUR 24 Million Loan to MHP
Redcliffe Partners, working with Simmons & Simmons, has advised the EBRD on a EUR 24 million short-term unsecured loan to Ukrainian poultry and grain producer MHP.
Kinstellar Provides Pro Bono Legal Advice to Soborna Ukraine
Kinstellar has announced it is providing pro bono legal advice to public charity organization Soborna Ukraine on implementing its programs across the country.
White Collar Crime Laws and Regulations in Ukraine
Contributed by Arzinger.