06
Mon, Apr
66 New Articles

Nobles and Italy's LCA Studio Legale have advised Dreamgroup Management, an Eastern European hostel operator, on the sale of its hostels in Warsaw, Prague, and Bratislava to London-based hostel operator Safestay plc. Eversheds Sutherland advised Safestay on the transaction, which is valued at approximately EUR 3.7 million.

Read more: Nobles, LCA Studio Legale, and Eversheds Sutherland Advise on Dreamgroup's Sale of CEE Hostels to...

Sayenko Kharenko has advised the JSC State Export-Import Bank of Ukraine (Ukreximbank) on its issuance of USD 100 million subordinated loan participation notes, listed on the London Stock Exchange. The notes were issued by Biz Finance Plc., which applied the total principal amount of the issue towards financing a subordinated loan to the bank. Latham & Watkins and, reportedly, Avellum, advised J.P. Morgan and Morgan Stanley, the joint leaders on the transaction, the total book order of which reached USD 300 million. White & Case reportedly advised Ukreximbank as well.

Read more: Sayenko Kharenko and Latham & Watkins Advise on Ukreximbank's Subordinated Eurobond Issue

Baker McKenzie and Attorneys' Association Gestors have assisted ArcelorMittal Kryvyi Rih in an anti-dumping investigation regarding the imports of carbon and other alloy steel rods originating from Belarus and Moldova.

Read more: Baker McKenzie and Gestors Assist ArcelorMittal Kryvyi Rih with Anti-Dumping Investigation

Freshfields and Avellum have advised the Netherlands-based Van Leeuwen Pipe and Tube Group on the acquisition of Benteler Distribution Ukraine, a part of the international distribution division of Benteler International AG.

Read more: Freshfields and Avellum Advise Van Leeuwen Pipe and Tube Group on Acquisition of Benteler...

Sayenko Kharenko has advised the EBRD on a synthetic financing provided in local currency to ProCredit Bank Ukraine, Raiffeisen Bank Aval, and OTP Bank Ukraine under the EU4Business initiative.

Read more: Sayenko Kharenko Advises EBRD on Local Currency Financing to Support SMEs in Ukraine

DLA Piper and PwC Legal have advised NEQSOL on its USD 734 million acquisition of VF Ukraine from Russian telecommunications operator MTS Group, which includes USD 84 million of earn-out payment. DLA Piper also advised NEQSOL on the raising of acquisition financing for the deal from a group of international funds and financial institutions led by J.P. Morgan Securities and Raiffeisen Bank International. Latham & Watkins and Aequo advised the MTS Group on the deal, while Avellum and Linklaters advised JP Morgan and Raiffeisen Bank on the underlying financing.

Read more: DLA Piper, Latham & Watkins, Linklaters, and Avellum Advise on NEQSOL Acquisition of VF Ukraine

Lack of diversity and under-representation that had taken deep root in legal profession worldwide also tarnished the image of international arbitration. The concept of diversity means appreciating uniqueness of each individual, admitting that different strengths come with those differences. Without doubt, diversity in gender, age, ethnicity, race, culture, political and religious beliefs, sexual orientation and socio-economic status is important and may have a game-changing role. Yet, is arbitration community ready to embrace all the good that comes with diversity?

Read more: New Tools to Boost Diversity in International Arbitration

Ilyashev & Partners has successfully represented the Ukrrichflot Shipping Company before the Supreme Court of Ukraine in a dispute with JSC Ukrzaliznytsia, Ukrainian Railways.

Read more: Ilyashev & Partners Successful for Ukrrichflot Shipping Company in the Supreme Court of Ukraine

Avellum has helped Ufuture obtain merger control clearance from the Antimonopoly Committee of Ukraine for the partial sale of its stake in LvivTech.City to unnamed buyers.

Read more: Avellum Advises Ufuture on Merger Control Clearance for Partial Sale of Stake in LvivTech City

Avellum has advised Kernel Holding S.A. in connection with an offering of USD 300 million 6.5% guaranteed notes due 2024. Joint lead managers ING Bank N.V., London Branch, and J.P. Morgan Securities plc were reportedly advised by Latham & Watkins and Sayenko Kharenko.

Read more: Avellum Advises on Kernel Eurobond Offering

Asters has advised Green Genius, a renewable energy company that is part of Modus Group International, on the construction of 14 MW solar power plant in the village of Zalukva in the Ivano-Frankivsk region of Ukraine.

Read more: Asters Advises Green Genius on Construction of Solar Power Plant in Ukraine

Ukraine is undergoing a period of structural reform throughout its financial and banking sectors that is unprecedented in its scale and complexity. The reform of the currency control regime culminated in the full cancellation of a 26-year old system and the introduction of a legislative road map for the gradual implementation of the free movement of capital. The reform gave a critical impetus to the development of the securities market and foreign investments, with Clearstream opening a direct securities account at the National Bank of Ukraine (the NBU) to provide easier access to hryvnia-denominated sovereign bonds. Ukrainian banks were authorized to grant short-term loans in local currency to foreign investors so they could invest in the bonds and hedge the FX risks of such transactions. The introduction of the IBAN standard is another example of the ongoing process of harmonizing the Ukrainian payment landscape.

Read more: Recent Developments on the Ukrainian Finance Market

Sayenko Kharenko has advised joint lead managers Raiffeisen Bank International and Renaissance Capital on the EUR 325 million Eurobond issue by DTEK Renewables, a first-ever issue of notes under the green bond framework by a business from Ukraine.

Read more: Sayenko Kharenko Advises Banks on DTEK Renewables Green Bond Issuance

KPD Consulting has helped System Fort LLC reclaim the right to unidentified property and eliminate discrepancies between current and archived records of the State Register of Proprietary Rights to Real Property.

Read more: KPD Consulting Successful for System Fort on State Register Issue

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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