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Legal market overview

Ukraine, ‘the breadbasket of Europe’, has economic bright spots in agriculture, pharmaceuticals and IT, as well as potential in renewable energy and retail, but all of this has been heavily impacted by fighting and political upheaval.

The economic, security and political situation has been unstable since the ‘Euromaidan’ revolution, which prompted Russia’s annexation of Crimea in March 2014, and the emergence of self-proclaimed people’s republics in Donetsk and Lugansk in the eastern region of Donbass.

Petro Poroshenko won the presidential election in May 2014 and continued the EU association process, although implementation has been postponed.

The dispute with Russia has dampened the legal market and reduced transactional work. Few M&A and real estate deals have been completed and, needless to say, foreign investors are cautious. A number of leading lawyers have accepted government positions as the country moves forward.

Some international law firms remain prominent in the market, including Baker & McKenzie – CIS, Limited, Clifford Chance LLC, DLA Piper Ukraine LLC and Dentons, but Chadbourne & Parke and German firms Beiten Burkhardt and Noerr exited, the latter’s team forming Nobles. Conversely, Scandinavian firm Magnusson opened an office in Kiev.

Leading domestic firms such as Sayenko Kharenko, Arzinger, Asters, Avellum Partners, AstapovLawyers and Ilyashev & Partners remain resilient in a difficult market. Established market leader Vasil Kisil & Partners saw half of its partners leave to form Aequo.

Press releases

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

Legal Developments in Ukraine

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

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
  • Avellum Partners Advised MHP on Exchange of Its Russian Assets for Agrokultura in Ukraine

    Kyiv, 12 June 2015 – Avellum Partners advised MHP S.A. in connection with the exchange of grain growing assets “Voronezh Agro” in Voronezh region of the Russian Federation for “Agrokultura” in Lviv, Ternopil and Ivano-Frankivsk regions, Ukraine.
  • Launch of Competition Law Firm CLACIS in Cooperation with AstapovLawyers

    Kyiv, Moscow, Almaty, 18 May 2015 - CLACIS , a competition law advisory which focuses on matters concerning competition law and compliance in Ukraine, Russia and Kazakhstan announces its opening.
  • Avellum Partners Advised Ferrexpo on Exchange Offer in Respect of USD500 Million Notes Due 2016

    Kyiv, 13 March 2015  – Avellum Partners acted as Ukrainian legal counsel to Ferrexpo in connection with the exchange offer in respect of outstanding USD500 million 7.875% guaranteed notes due 2016 issued by Ferrexpo Finance plc. This exchange offer was coupled with the new issue of USD160.7 million 10.375% guaranteed amortising notes due 2019 and a 25% cash consideration.
  • Avellum Partners Is Shortlisted for European Tax Awards 2015

    Kyiv, 3 April 2015  – Avellum Partners is proud to announce that our Tax Practice has been shortlisted for European Tax Awards by International Tax Review, a highly reputable international magazine for tax professionals published by Euromoney Plc. In particular, we were shortlisted for Ukraine Tax Firm of the Year ,  Ukraine Transfer Pricing Firm of the Year  and  Best Newcomer .
  • AstapovLawyers Is Highly Ranked by DealMakers

    Kyiv, 27 January 2015 - Dealmakers Monthly Magazine, an established global deal reporting magazine, has highlighted exceptional rankings of AstapovLawyers and awarded the firm the following accolades:
  • Avellum Partners Advised on Ukrainian Merger Control Aspects of Lafarge Holcim Planned Merger

    Kyiv, 29 January 2015  – Avellum Partners is proud to announce that it has acted as the legal counsel to the world’s two biggest cement producers Lafarge and Holcim in connection with obtaining a merger control clearance from the Ukrainian competition authority of their EUR 40 billion planned merger of equals. The proposed transaction will create the largest cement producer in terms of sales and manufacturing capacity in the world.
  • Avellum Partners Advised FUIB on Successful Consent Solicitation

    Kyiv, 30 January 2015  – Avellum Partners acted as Ukrainian legal counsel to PJSC “First Ukrainian International Bank” (“FUIB”) in connection with solicitation of consents of holders of its outstanding USD252,488,000 11% Loan Participation Notes due 2014 (“Notes”) issued by, but without recourse to, Standard Bank Plc (“Issuer”) for the sole purpose of funding a loan to FUIB. FUIB solicited consents from noteholders to amend certain terms and conditions of the Notes, including in particular the substitution of the Issuer, the extension of the final maturity date of the Notes to 31 December 2018 and the addition of an amortised redemption provision under the Notes.
  • Avellum Partners Advised Nadezhda Group on Corporate Restructuring

    Kyiv, 29 December 2014  - Avellum Partners advised Nadezhda Group ("Group"), operating in the liquefied petroleum and gas industry, on tax planning for holding structure of the Group, all legal and tax aspects of corporate restructuring and acquisition finance issues, aimed at obtaining finance from international finance institutions ("IFIs").
  • Avellum Partners Advised on Exchange Offer of Metinvest

    Kyiv, 14 January 2015  - Avellum Partners acted as Ukrainian legal counsel to Deutsche Bank AG, London Branch and ING Bank N.V., London Branch, who acted as Dealer Managers, in connection with the exchange offer of Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies ("Metinvest") for its USD500 million 10.25% guaranteed notes due 2015, coupled with the new issue of USD289.7 million 10.5% guaranteed notes due 2017 ("Notes") under its USD1,500,000,000 Guaranteed Medium Term Note Programme and a 25% cash consideration. The Bank of New York Mellon, London Branch acted as the Exchange Agent. The Notes are listed and admitted to trading on the Global Exchange Market of the Irish Stock Exchange.
  • Avellum Partners Advised Lafarge Group on Selling One of Its Cement Plants in Russia

    Kyiv, 08 December 2014 - Avellum Partners advised Lafarge Group in connection with obtaining a merger control clearance from the Antimonopoly Committee of Ukraine for the sale of LLC "Lafarge UralCement", operating a 1.1 million tones per year cement plant in Korkino, Russia, to Dyckerhoff Gmbh. The plant was sold for a total enterprise value of EUR 104 million.