The Legal 500

Ukraine

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Editorial

Doing business in Ukraine

Contributed by AstapovLawyers

Ukraine is the second largest country in Europe and its position is of strategic importance for the entire continent. Bordered by Belarus, Russia, Romania, Moldova, Hungary, Slovakia and Poland, Ukraine has access to the Black Sea and the Sea of Azov. In addition to having sufficient human, technical and natural resources, Ukraine is at the crossroads of Central European, Central Asian and Middle Eastern traditions. This makes the country an attractive place for trade and foreign investment and has a favourable impact on its business image.

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Legal market overview

While Ukraine has a strong agricultural industry, foreign investment in other sectors has been diminished by Russia’s annexation of Crimea and conflict in the self-proclaimed people’s republics in Donetsk and Lugansk.

There is little transactional work in the legal market and few M&A and real estate deals reach completion, although there is widespread optimism that conditions will improve as early as the second half of 2016. Dispute resolution, meanwhile, is an extremely busy area of practice.

The government is moving ahead with its EU association policy, but progress has been slow and many legislative changes are still required. Many prominent lawyers are taking government positions to push forward reforms.

Some international law firms remain in Ukraine, including Baker & McKenzie – CIS, Limited, DLA Piper Ukraine LLC and Dentons. Gide Loyrette Nouel A.A.R.P.I., however, closed its Kiev office, with some lawyers moving to Integritesand the bulk of the group joining France-headquartered Jeantet, which bucked a trend by entering the Kiev market and will be one to watch for next year. Elsewhere, Clifford Chance sold its business to local lawyers now operating as Redcliffe Partners; and Schoenherr also exited the market, moving its Ukraine desk to Austria.

Leading domestic firms such as Sayenko Kharenko, Arzinger, Asters, Avellum, AstapovLawyers and Ilyashev & Partners continue to advise international clients on their existing Ukrainian interests.

Firms in the spotlight

Onstan Law Firm
www.onstan.com

Founded in 2013, Onstan Law Firm is a full-service, internationally focused firm in Ukraine. The firm was formed by Yuriy Fedchyshyn, a tax lawyer, Olena Marchuk, a real estate lawyer, Andriy Fedchyshyn, a corporate lawyer and litigator, and Nataliya Khorushko, a banking lawyer and manager who was previously a deputy director of a branch of a large international bank.

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Legal Developments in Ukraine

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Press Releases in Ukraine

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to