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Ukraine > Law firm and leading lawyer rankings
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Legal market overview
Ukraine is one of the world’s largest exporters of agricultural products and has a burgeoning IT industry, but its economy was hit hard by Russia’s annexation of Crimea and civil unrest in eastern regions. Although tensions remain high, fighting has eased off and the economy is steadily recovering.
The country is slowly progressing towards European Union membership with economic and political reform underway. Foreign investors remain cautious and are awaiting the outcome of these reforms before pursuing new projects.
M&A and finance activity remains muted, though there are signs of more cross-border and domestic deals in the pipeline, along with infrastructure projects in areas including renewable energy. Dispute resolution continues to provide a strong flow of work for lawyers.
Some international law firms remain, including Baker McKenzie, Kyiv Office, DLA Piper Ukraine LLC and Dentons. Eastern European and Central Asian firm Kinstellar opened in Kiev, while Integrites, already with offices in Kiev, Kazakhstan and Russia, is now present in London, Munich and Amsterdam. Redcliffe Partners maintains ties with Clifford Chance.
Leading domestic firms include Sayenko Kharenko, Vasil Kisil & Partners, Arzinger, Asters, Avellum, Egorov Puginsky Afanasiev & Partners, Ilyashev & Partners and Aequo. AstapovLawyers changed its name to Eterna Law.
Firms in the spotlight
Onstan Law Firm
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.
GOLAW is one of the leading Ukrainian full-service law firms. The firm was founded in 2003 and currently has offices in Kyiv, Lviv, Odessa (all in Ukraine) and Berlin, Germany. The lawyers of the firm are widely recognised for their skills and extensive expertise. GOLAW’s team focuses on efficiently resolving issues facing the clients, communicating effectively on their behalf, assisting them in navigating the nuances of Ukrainian law, and avoiding costly legal traps.
The In-House Lawyer
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Legal Business: country analysis
Breaking new ground – advisers hope shale revolution can restart CEE market
Weighed down by political unrest and slowing economies, energy and infra projects look like one area to be driving
the CEE economy. Can the shale revolution power up
Click here to read the feature.
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What happened in 2015 in the world of Ukrainian corporate finance was a reflection of larger scale events in and around Ukraine. In this article, we will share our view of the key events in 2015 in the area of cor-porate finance, highlight the most important legislative and regulatory developments in finance and, based on our experience, make a few suggestions for creditors and debtors on how to navigate through 2016.
In the past few years Ukrainian clients have developed an appetite for solving their disputes abroad. Litigation and arbitration sagas involving Ukrainian parties or related to Ukrainian assets often spread across many jurisdictions. In many such sagas various interim reliefs were granted by courts and tribunals.
AstapovLawyers Partner Eugene Blinov & the firm's Associate Roman Protsyshyn share their recent arbitration practice regarding applicable law in contractual disputes.
The 2008 financial crisis peak had hardly faded away, when another breaking news was brought to the surface in CIS countries: a significant part of the funds advanced during the pre-crisis period by banks and other financial institutions to support various businesses and commercial initiatives, flew beyond national frontiers to be found in Panama, BVI, Seychelles, Jersey, Cyprus and other offshore and onshore jurisdictions in the pockets of numerous private persons, mostly CIS nationals. No surprise this fact led to a tsunami of disputes, one way or the other related to repayment of loans and funds advanced under other types of finance arrangements. Many of those disputes are still pending, thus, keeping finance arrangements among the top-litigated issues within CIS borders.
Article V1(b) of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, better known as the New York Convention, provides that recognition and enforcement of a foreign arbitral award may be refused, at the request of the party against which it is invoked, only if that party furnishes proof to the competent authority where the recognition and enforcement is sought that it was not given proper notice of the appointment of the arbitrator or of the arbitration proceedings. However simple at first glance, the question of what constitutes 'proper notice' turns out to be less than clear in practice.
6 February has marked lawyers’ calendars with an important message from the UK Supreme Court: English courts will not accept the jurisdiction over a dispute having the “centre of gravity” in another country. AstapovLawyers' Managing Partner Andrey Astapov and Associate Anna Kombikova comment on a recent CIS precedent.
The Presidium of the Ukrainian Chamber of Commerce and Industry (UCCI) recently amended Article 52 of the Rules of the International Commercial Arbitration Court (ICAC) at the UCCI. This article governs the procedure for forwarding an arbitral award to the parties to arbitration proceedings.
Eugene Blinov and Anna Kombikova of AstapovLawyers ILG commented on peculiarities of enforcement of arbitral awards against Ukrainian bankrupt companies. The lawyers noted the risks connected with such cases and suggested possible solutions.
The mitigation of damages is a well-known principle in international legal practice. However, in Ukraine there is no widely applied court and arbitration practice on the issues relating to mitigation of damages, and aggrieved parties may be unclear as to what should and can be done.
The Cabinet of Ministers of Ukraine at its meeting on August 29 resolved  to amend its Resolution "On approval of the Order for the use of funds allocated in the state budget for payments related to implementation of judgments of foreign jurisdictional authorities rendered upon consideration of matters against Ukraine" (the "Government Resolution"). Appropriate amendments were prepared by the Ministry of Justice (responsible for protecting the state's interests in foreign courts and arbitral tribunals) in order to improve mechanisms to protect the rights and interests of Ukraine in foreign judicial and arbitral proceedings.
ETERNA LAW IN COOPERATION WITH MAPLES AND CALDER (BVI) AND MR. MATTHEW HARDWICK QC SECURED A WIN FORKyiv, March 17th - Eterna Law in cooperation with Maples and Calder (BVI) and Mr. Matthew Hardwick QC (instructed by Arabella di Iorio, partner of Maples) successfully appealed the decision of the first instance judge (Bannister J.) to discharge a USD 12m worldwide freezing injunction.
AVELLUM's Managing Partner Mykola Stetsenko Became Member of the Public Council of the Antimonopoly Committee of Ukraine
AVELLUM Advised Deutsche Beteiligungs AG on Investment in Dieter Braun GmbH
AVELLUM acted as a Ukrainian law counsel to the bondholder group composed of holders of senior notes (the "Notes" ) issued by DTEK Finance plc in connection with the long-term restructuring of the Notes as part of the long-term restructuring of the debts of the DTEK Energy group.
AVELLUM acted as Ukrainian legal counsel to its longstanding client Kernel Holding S.A. (" Kernel ") in connection with an offering of its USD500 million 8.75% guaranteed notes due 2022. The notes are expected to be rated B+ by Fitch and B by S&P, two notches and one notch above the Ukrainian sovereign respectively.
AVELLUM Advised CPPIB on Acquisition of 48% Stake in GlobalLogic Inc. from Apax Funds
ETERNA LAW IS PLEASED TO ANNOUNCE STRENGTHENING OF THE REAL ESTATE PRACTICE WITH JOINING OF STANISLAEterna Law is pleased to announce that Stanislav Gerasimenko, Senior Associate, joins our team on January, 25 as a Head of the Practice, in order to further enhance the Real estate practice.
Eterna Law has recently successfully represented TPV Compound s.r.l., a leading Italian producer of polyvinyl chloride compounds, in a multiparty debt collection matter heard before the Ukrainian courts.
KHASK is a Ukrainian major producer and exporter of self-adhesive tapes and packaging materials. The loan facility is used to finance the purchase and installation of a solvent recuperation system, related general construction and energy efficiency capital investments.
Kyiv, December 19th. Eterna Law is pleased to announce a number of promotions in the company.