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66 New Articles

Sayenko Kharenko Advises Promprylad.Renovation on Purchase of Facilities

Sayenko Kharenko has advised Promprylad.Renovation, a project within the premises of Promprylad, a revitalized Soviet-era plant in Ivano-Frankivsk, on its buying-out of plant facilities.

Read more: Sayenko Kharenko Advises Promprylad.Renovation on Purchase of Facilities

Draft Law 1210 – Significant Changes to Taxation of Cross-Border Operations

On 16 January 2020, the Ukrainian Parliament adopted law No 1210 "On amendments to the Tax Code related to the improvement of tax administration and elimination of technical and logical inconsistencies in the tax legislation" (the "Law").

Read more: Draft Law 1210 – Significant Changes to Taxation of Cross-Border Operations

Avellum and DLA Piper Advise on Vodafone Acquisition and Financing

Avellum has advised arrangers J.P. Morgan Securities Plc and Raiffeisen Bank International AG on a USD 464 million bridge loan financing for Bakcell’s acquisition of PSJC Vodafone Ukraine. DLA Piper advised Bakcell on the deal.

Read more: Avellum and DLA Piper Advise on Vodafone Acquisition and Financing

Noerr has advised HKM Beteiligungs GmbH on the sale of 100% of shares in Gratka sp. z o.o.to Ringier Axel Springer Media AG, which was advised by Clifford Chance.

Read more: Noerr and Clifford Chance Advise on HKM Beteilingungs' Sale of Gratka to Ringier Axel Springer

The new Law of Ukraine “On Concession” (the “2019 Concession Law”) became effective on October 19, 2019, following several years of discussion. As the previous concession law (which was adopted in 1999) provided outdated and unenforceable regulations and was inconsistent with other laws regulating concessions and public-private partnerships in Ukraine, no significant concession projects had been developed in Ukraine for more than 20 years. The 2019 Concession Law provides a chance for Ukraine to overcome legal barriers to the development of concession projects and attract much needed investment into the country’s infrastructure.

Read more: Ukraine’s New Concession Law

On 31 January 2020, the Resolution of the Cabinet of Ministers of Ukraine (“CMU”) “On Implementation of Competitive Conditions of Stimulating the Production of Electric Power from Alternative Energy Sources”, dated 27.12.2019, No. 1175 (“Resolution”), came into force. The Resolution has adopted, inter alia, the procedure on holding the support quota distribution auctions (“Procedure”).

Read more: Renewables Update: New Procedure on Support Quota Distribution Auctions

Kinstellar has advised Deutsche Investitions- und Entwicklungsgesellschaft mbH, a development finance institution and subsidiary of KfW Bankengruppe, on a USD 20 million credit facility for Nibulon, an agricultural commodities exporter and producer in Ukraine. Clifford Chance's Frankfurt office advised DEG on matters of English law.

Read more: Kinstellar Advises DEG on USD 20 Million Credit Facility for Nibulon

Marchenko Partners has advised the Western NIS Enterprise Fund on loans granted to CCE Dnipro Training and Production Enterprise of the Ukrainian Society of the Blind and the "Printing House" Center for Labor Rehabilitation of Disabled Persons.

Read more: Marchenko Partners Advises Western NIS Enterprise Fund on Two Social Loans in Ukraine

Lawyers from CMS in Ukraine and Poland have joined the firm's multi-national team advising the EBRD on the acquisition of a stake in Uzbek food retailer Korzinka. Uzbek law firm Leges reportedly advised the EBRD as well, while Dentons advised the sellers.

Read more: CMS and Dentons Advise on EBRD's Acquisition of Stake in Uzbekistan’s Food Retailer Korzinka

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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