The Legal 500

Ukraine

Ukraine > Corporate and M&A

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Editorial

Index of tables

  1. Corporate and M&A
  2. Leading individuals

At Asters, ‘responses are quick and value for money is better than most other firms’. Oleksiy Didkovskiy, Armen Khachaturyan and Vadym Samoilenko provide ‘excellent service on M&A deals’. Highlights included advising Promatec on the purchase of an agribusiness from BNP Paribas.

Avellum Partners is ‘one of the main “go-to” firms for corporate matters’. Mykola Stetsenko, Kostiantyn Likarchuk and Yuriy Nechayev provide ‘good quality with a co-operative and team-focused approach’. Stetsenko represented Global Ports Investments during a $291m acquisition.

Baker & McKenzie – CIS, Limited is ‘a reputable firm with in-depth market knowledge’. Practice head Viacheslav Yakymchuk excels in European M&A deals and acted for shareholders including Horizon Capital on the sale of Platinum Public shares. Olyana Gordiyenko advised Alfa-Bank Ukraine on the $225m buyout of Bank of Cyprus Ukraine.

Oleg Batyuk’s ‘business-oriented and proactive’ team at Dentons hired the ‘hugely respected’ Adam Mycyk, formerly of Chadbourne & Parke. Markian Silecky is also highly recommended. Myron Rabij divides time between New York and Kiev to facilitate US investment into Ukraine. Clients include Dragon Capital and Herbalife.

Sayenko Kharenko is ‘one of the best in Ukraine with vast M&A and capital markets experience’. Vladimir Sayenko acted as local counsel on the merger of German container shipper Hapag-Lloyd and Chilean shipping company Compañía Sud Americana de Vapores. Oleksandr Padalka joined from Asters.

Aequo has market leaders in former Vasil Kisil & Partners lawyers Denis Lysenko, Anna Babych and competition expert Mariya Nizhnik, who are ‘totally committed to client service and ensure deals are completed quickly’. Lysenko advised Ireland’s AWAS Group on the $100m lease of aircraft to a Ukrainian company and Babych represented UBG Group during the sale of its stake in Dobrobut to Concord Capital.

Arzinger is ‘a remarkably experienced, highly professional firm’. Maksym Cherkasenko’s team advised an international truck company on restructuring its Ukrainian assets and assisted a Chinese bank with buying a stake in a cable television company.

Graham Conlon at CMS is the only English-qualified corporate partner based permanently in Ukraine. He advised joint broker Smith & Williamson Corporate Finance on the listing of Arricano Real Estate on London’s AIM market. Johannes Trenkwalder is also recommended.

Clifford Chance LLC’s Nick Fletcher, Jared Grubb and Dmytro Fedoruk have strong reputations for M&A and corporate finance. Fedoruk advised COFCO Corporation on local aspects of its acquisition of a 51% stake in Netherlands-based agribusiness Nidera.

Margarita Karpenko leads DLA Piper Ukraine LLC’s ‘reliable and experienced’ team. Karpenko and Illya Muchnyk advised Europe Virgin Fund on its acquisition of online payments system Portmone.com. Galyna Zagorodniuk represented Kraft Foods in its rebranding as Mondelez.

Egorov Puginsky Afanasiev & Partners has ‘excellent, experienced practitioners’ in Oksana Ilchenko, foreign law expert Ilona Zekely and counsel Oleg Boichuk. They advised Apax Partners on local aspects of its acquisition of California-based IT company GlobalLogic.

Gide Loyrette Nouelprovides competent and profound advice at short notice’. Bertrand Barrier and the ‘straightforward, proactive and responsive’ Illya Tkachuk advised AgroGeneration on its €120m merger with Harmelia. Julian Ries recently acted for SBE Sustainable Energy.

Ilyashev & Partnersmeets the best standards of the legal profession’. Mikhail Ilyashev, Roman Marchenko, Evgen Solovyov, the ‘precise, clear and practicalLeonid Gilevich and Oleksandr Fefelov form ‘a cohesive and resourceful team with exceptional expertise’. Ilyashev and Fefelov advised Koch Industries on clearance of a $1.5bn merger of its Ukraine subsidiary with Buckeye Technologies.

Andriy Kravets and Vladyslav Lyaskovskiy at Andriy Kravets & Partners are highly esteemed corporate lawyers. Clients include Kyivrianta LLC and Nokia Siemens Networks Ukraine.

AstapovLawyersOleh Malskyy is ‘a highly skilled lawyer’. He advised a regional food business on a $250m acquisition.

EnGarde Attorneys at Lawprovides high-quality services and partners are personally involved in projects’. Roman Ognevyuk, who advises Ritter Bio Agro on its Ukrainian subsidiary, and the ‘very experiencedAndriy Vyshnevsky are highly regarded.

Andriy Tsvyetkov at Attorneys’ Association Gestors advised Svetofor Film on an agreement with UK enterprise MTV Exit Foundation for a documentary film project, and assisted Omnicom Media with labour matters.

Integrites provides ‘a good balance between price and quality’. Vyacheslav Korchev and Vsevolod Volkov represented Global Money during a $100m acquisition and advised VAB Bank on a $350m corporate restructuring deal.

KPD Consulting Law Firmhas in-depth understanding of how to establish a business in Ukraine’. The ‘client-oriented, clever, experienced and flexible’ Iryna Pidlisna jointly heads the practice with Vitaliy Patsyuk, who has ‘wide expertise and achieves excellent results’. Patsyuk advised InterTechnoTradeGroup on acquisitions and joint ventures totalling $30m.

Sergiy Ignatovsky’s team at LCF Law Group has ‘partners with excellent reputations and a professional, strategic approach’ including ‘top lawyersAnna Ogrenchuk and Artem Stoianov. Ogrenchuk advised Humana People to People Asia Establishment on a $20m acquisition.

Lavrynovych & Partners is ‘a growing force in M&A’. Maksym Lavrynovych and Iryna Marushko acted as local counsel alongside an international law firm on a $400m transport sector acquisition. Stanislav Skrypnyck advised a Ukrainian agribusiness on privatisation.

Lexwell & Partners has ‘one of the most efficient practices in Ukraine and its lawyers have longstanding and diverse experience in corporate law’. The practice is led by managing partner Andrey Kolupaev, who is ‘excellent in his field’; he advised CRH Group on acquiring cement production assets.

The standard of work of Oleh Marchenko’s team at Marchenko Danevych is ‘high, even by international standards’. The ‘prompt and effective’ practice includes pharmaceutical industry expert Borys Danevych, energy specialist Maksym Sysoiev and rising star Andriy Guck. Marchenko advised pharmaceuticals company Aspen on local aspects of a £700m acquisition.

Tatiana Iurkovska’s team at Nobles, which was formed by partners from Noerr, advised Deutsche Telekom on its €546m takeover of GTS Central Europe Group.

Nina Sydorenko heads Peterka & Partners LLC’s ‘trusted, experienced’ team. Alexander Poels advised global beverages company Davide Campari – Milano on M&A deals in Ukraine.

At SDM Partners LLC, Dmytro Syrota and Mykola Melnyk’s clients include a healthcare group and a medical equipment manufacturer.

Schoenherrresponds quickly and is always helpful and good value’. Mariya Sukhan advised Metro Group on the sale of assets to French retailer Groupe Auchan.

Most of Vasil Kisil & Partners’ team left to found Aequo and Oleksiy Filatov joined the government. Oleg Alyoshin advised Hongyang Metal Industry Co on a share purchase.

Wolf TheissTaras Dumychunderstands the subtle nuances of complex legal matters’. He advised Rubellius Capital on due diligence pertaining to a $200m power plant. The team also acted for EP Industries on local aspects of the CEE acquisition of a waste management business from AVE Energie.

EY Law’s Albert Sych is advising Royal Dutch Shell on production sharing agreements and corporate matters in Ukraine.

The ‘client-oriented young team’ at Legal Alliance Companydemonstrates a high level of expertise’. Dmytro Aleshko is recommended along with the ‘client-oriented and hardworking’ Oleksiy Bezhevets, who advised a leading pharmaceuticals company on its reorganisation.

Magnusson’s Anton Prysyazhnyuk advised a Russian investment bank on a $50m technology sector acquisition.

Law Offices of OMP’s Yaroslav Sverdlichenko represented agribusiness Selhosproduct Group during corporate restructuring.

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 for Corporate and M&A

  • Ukraine enables itself to furnish procedural orders of foreign judicial and arbitral authorities

    The Cabinet of Ministers of Ukraine at its meeting on August 29 resolved [1] 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").[2] 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.
    - ARBITRADE

Legal Developments in Ukraine

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Applicable law in contractual disputes: recent arbitration practice

    AstapovLawyers Partner Eugene Blinov & the firm's Associate Roman Protsyshyn share their recent arbitration practice regarding applicable law in contractual disputes.
  • Disputes arising from finance arrangements: post-crisis phenomenon in Ukraine – read more!

    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.
  • Proper notices in arbitration – watch the details!

    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.
  • The International Comparative Legal Guide to: Real Estate 2013. Chapter 38: Ukraine

    This guide provides the international practitioner and in-house counsel with a comprehensive worldwide legal analysis of the laws and regulations of real estate. This article appeared in the 2013 edition of The International Comparative Legal Guide to: Real Estate; published by Global Legal Group Ltd, London. www.iclg.co.uk )
  • Is the Door to England Still That Wide Open for CIS Disputes?

    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.
  • Time limit for forwarding arbitral award to parties extended

    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.
  • Enforcing arbitral awards against Ukrainian bankrupt companies

    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.
  • Ukraine: National Bank incredibly fast in implementing its new power

    On 6 November 2012, the Ukrainian Parliament adopted changes to the Law of Ukraine "On the Procedure of Carrying-Out Settlements in Foreign Currency", dated 23 September 2004, No. 185/94-BP, as amended, granting the National Bank of Ukraine ("NBU") a power to amend for a term of up to six months the term for cre-diting to the exporters' accounts of currency proceeds under export contracts. These changes to the law entered into force on 17 November 2012. The NBU was extremely fast to implement its new power, passing a Resolution dated 16 November 2012, No. 475 (which entered into force on 19 November 2012).
  • Mitigation of damages in arbitration practice: trite law or space for creativity?

    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.
  • Ukraine enables itself to furnish procedural orders of foreign judicial and arbitral authorities

    The Cabinet of Ministers of Ukraine at its meeting on August 29 resolved [1] 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").[2] 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.

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 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.
  • Avellum Partners Advised ING Bank N.V. on USD100 million Pre-Export Loan Facility to MHP Group

    Kyiv, 18 November 2014  - Avellum Partners announced that it has acted as the legal counsel to ING Bank N.V. (" ING ") in connection with a USD100 million sunflower oil pre-export loan facility (" Loan ") to Myronivsky Hliboproduct Group (" MHP ").
  • Avellum Partners’ Tax Practice Recommended by International Tax Review

    Kyiv, 22 October 2014  - Avellum Partners is proud to announce that our Tax Practice has been highly recognized by International Tax Review (" ITR "), a highly reputable international magazine for tax professionals published by Euromoney Plc. In particular, Avellum Partners was ranked within Tier 3 according to the World Tax and World Transfer Pricing 2015 proving its leading reputation in Ukraine.