The Legal 500


Ukraine > Corporate and M&A


Index of tables

  1. Corporate and M&A
  2. Leading individuals

Asters is well regarded at the domestic level and also ‘punches well above its weight’ in international mandates. Oleksiy Didkovskiydelivers to international standards’. The ‘really responsiveArmen Khachaturyan is recommended along with Vadym Samoilenko, who gives ‘prompt and accurate advice’. Khachaturyan advised Swedbank on the sale of its Ukrainian subsidiary. Other highlights included advising cable TV and internet services provider Volia Group on the purchase and preparatory restructuring of Odeko. Oleksandr Padalka joined Sayenko Kharenko in March 2014.

Avellum Partners is ‘one of the best’ and has ‘profound knowledge of Ukrainian and international law’. The ‘highly experiencedKostiantyn Likarchuk, the ‘ambitious, creativeMykola Stetsenko, and the ‘dedicated’ Yuriy Nechayev are recommended. Highlights included advising Mohawk Group on local aspects of a €1.17bn acquisition, and advising Lafarge on the €96m sale of its Ukrainian cement production business to CRH Group.

Clients are ‘continuously impressed with the knowledge of transactional issues’ at Baker & McKenzie – CIS, Limited. The ‘dedicated team’ includes Viacheslav Yakymchuk and the ‘very smart’ Olha Demianiuk, who are ‘among the most knowledgeable transactional lawyers’. Yakymchuk advised Horizon Capital on a $40m investment into TCS Bank. The firm acted for Erste Group Bank on the $83m sale of its Ukrainian subsidiary to Fidobank Group. Olena Kuchynska exhibits ‘unmatchable thoroughness’ and ‘highly responsive, tough negotiator’ Olyana Gordienko is ‘result-oriented’.

Sayenko Kharenko is ‘a very decent firm’. Vladimir Sayenko leads an ‘experienced team with a client-oriented, proactive approach’ in which Michael Kharenko and UK-qualified Andrey Liakhov stand out. The firm advised Gazprombank on its $300m acquisition of NewTech Services, and represented private equity firms Apollo and Citi Venture Capital in their acquisition of Karavan Real Estate. The team was reinforced with the addition of leading lawyer Oleksandr Padalka from Asters in March 2014.

Arzinger has ‘an ambitious, sharp and business-minded team’. Timur Bondaryev, practice head Maksym Cherkasenko and Lada Shelkovnikova, who ‘understands clients’ needs and provides practical advice’, are key figures. Highlights included advising a multinational on a €50m cross-border merger of industrial equipment manufacturers. The ‘hands-on, quick-thinking’ Anna Zorya joined from Ulysses.

B.C. Toms & Co’s Bate Tomsprovides good service’. He represented Continental Farmers Group during its acquisition by investment funds. Svitlana Gusak is recommended for anti-corruption matters.

CMS has ‘a versatile corporate and M&A practice’ and is the leading firm for energy deals. English-qualified lawyer Graham Conlon heads the practice and is ably assisted by Vitaliy Radchenko.

Chadbourne & Parke LLP’s Jaroslawa Johnson advised AES on the sale of interests in two Ukrainian power distribution companies. The firm also advised banks on the sale of stakes in Kreditprombank. Adam Mycyk re-joined the firm from CMS.

Clifford Chance LLC’s ‘whole Kiev team impresses’ clients. Nick Fletcher, Jared Grubb, Dmytro Fedoruk and Nataliya Gerus are ‘professional yet down-to-earth’. Clients include TNK-BP and Valinor.

DLA Piper Ukraine LLC’s ‘very pragmatic, proactive and business-orientedMargarita Karpenkounderstands the needs of international clients’. Oleksandr Kurdydyk and UK-qualified Clare Titcomb are also recommended. Karpenko advised East Balt on its sale to One Equity Partners.

Dentons’ team is ‘practical and client-oriented’. Markian Silecky is ‘superb’. Practice head Oleg Batyuk, who advised TVEL Nuclear Fuel on establishing a production plant in Ukraine, and Volodymyr Monastyrskyy are recommended.

‘Very strong on corporate matters and M&A’, Egorov Puginsky Afanasiev & Partners provides ‘brilliant service and high-quality advice’. Ilona Zekely is ‘diligent, tenacious and talented’. The ‘quick, competent’ Oleg Boichuk, who advised DCH on the sale of FC Metalist Kharkiv, is recommended along with Oksana Ilchenko.

Gide Loyrette Nouel has ‘profound knowledge of Ukraine’s legal environment’. Bertrand Barrier is ‘an expert in M&A’ and Illya Tkachuk is ‘creative and provides good-quality results’. Barrier advised Auchan on Ukrainian aspects of a €1bn retail network acquisition. Julian Ries, who gives ‘proactive cross-cultural advice’, joined after the closure of Beiten Burkhardt’s Kiev office.

Ilyashev & PartnersMikhail Ilyashev, Roman Marchenko, Evgen Solovyov and Leonid Gilevich have ‘a commercial approach and a firm understanding of the law’. Marchenko advised SE Antonov on certain M&A deals.

During 2013, Vasil Kisil & Partners’ well-regarded team advised Group Summa on local aspects of a $1.4bn acquisition. However, in 2014, the highly rated Denis Lysenko and Anna Babych left the practice to found new law firm Aequo. Oleksiy Filatov has also left the firm, after being appointed deputy head of the Presidential Administration.

Andriy Kravets and Vladyslav Lyaskovskiy at Andriy Kravets & Partners are respected for their experience of domestic and multi-jurisdictional projects. They regularly advise Kyivrianta LLC and Nokia Siemens Networks Ukraine.

AstapovLawyers International Law Group has ‘great experience of solving problems in different jurisdictions’. The ‘impressive, dedicatedOleh Malskyy, who advised Foxtrot on a $100m deal, is described by one client as ‘the leading Ukrainian specialist in M&A’.

EnGarde Attorneys at Law has ‘the perfect co-operative approach’ to local and cross-border transactions. Andriy Vyshnevsky, Roman Ognevyuk and Irina Nazarova are ‘extremely good corporate lawyers’. Clients include Bionade and Nickerson Zwaan.

Attorneys’ Association Gestors has ‘deep knowledge and extensive experience’. The ‘responsive, creative and flexible’ Andriy Tsvyetkov advised Domino Group on opening a new chain of retail stores.

Integrites provides ‘quality, timely service’. Vyacheslav Korchev and Yaroslav Abramov ‘have abundant experience and exceptional intellectual faculties’. The firm recently advised BlackRock on investments in Ukraine, and assisted retail chain Baltika Grupp with corporate restructuring.

KPD Consulting Law Firm’s ‘excellent corporate lawyers’ include Felix Haffner and Vitaliy Patsyuk, who has ‘wide expertise and achieves excellent results’. Iryna Pidlisna, who advised Httpool Holdings on corporate restructuring, is ‘creative, hardworking and always keeps clients’ goals in focus’.

LCF Law Group provides ‘highly efficient performance based on profound knowledge and swift, in-depth analysis’. Anna Ogrenchuk, Artem Stoianov and Olena Volianska together advised Alfa-Bank on a $40m restructuring.

One of the best law firms in Kiev’, the newly merged Marchenko Danevychprovides a high level of service’ through Borys Danevych and Maksim Sysoiev. The ‘client-oriented and reliable’ Ievgenia Galamasiuk excels in labour law. Sysoiev advised Afelio on a joint venture. The ‘competent and well organised’ Oleh Marchenko, who advised Star Group on a 120MW solar energy development, is ‘knowledgeable about issues in Ukraine and European compliance’.

Nina Sydorenko’s team at Peterka & Partners LLC includes the ‘very professional’ Tetyana Kistynyuk and Monika Simunkova Hoskova. Highlights included advising Královopolská Ria on a joint venture.

SDM Partners LLCrenders highly professional, efficient service corresponding to international standards’. ‘First-rate lawyersDmytro Syrota and Mykola Melnykunderstand clients’ needs in detail’. Syrota is particularly expert in labour law and antitrust matters.

Schoenherr’s Mariya Sukhan advised Metro Group on the sale of its Real stores in Ukraine as part of a €1.1bn deal across the CEE region.

Squire Sanders Ukraine LLC has a formal association with Salkom, with which it also shares office space. Peter Teluk, who advised GDF Media on local aspects of a $2.5bn acquisition, and Salkom’s Evgen Kubko co-operate closely.

Wolf TheissTaras Dumych provides ‘excellent service and good value’, particularly on large oil and gas deals. He advised One Equity Partners on the $120m acquisition of East Balt. Lukoil and Kuwait Petroleum are other clients.

Antika Law Firm’s Alexey Kot, who advised Nadra Ukrayny on a major share sale, provides ‘expert advice on corporate issues of critical importance’. Alexander Burtovoy demonstrates ‘strategic planning and attentiveness to details’.

EY Law’s Albert Sych advises clients including Shell on production sharing agreements for energy projects, and counts leading European banks among his clients for corporate matters.

Sergiy Oberkovych at Gvozdiy & Oberkovych Law Firm provides general support to international businesses.

Maksym Lavrynovych heads Lavrynovych & Partners’ ‘responsive and client-oriented’ team, which is ‘good at strategic thinking’. Iryna Marushko’s advice is ‘always valuable and appropriate’. Anna Pushkaryova is ‘hardworking, responsive, articulate and conscientious’. Highlights included advising a bank on the $32m acquisition of local banking subsidiaries from a multinational financial institution.

Legal Alliance Company has notable ‘expertise in the pharmaceutical and healthcare industries’. Oleksiy Bezhevets advised a Singapore-based company on its operations in Ukraine. Illya Kostin and ‘outstanding professional’ Dmytro Aleshko are recommended.

Law Offices of OMP’s Yaroslav Sverdlichenko advised Axzon Group on the $20m acquisition of a pig-breeding complex, and assisted HarvEast with multiple acquisitions.

Okhrimchuk Grushyn Khandurin Law Firm’s Denis Okhrimchuk and Andriy Grushyn are highly experienced in cross-border transactions.

Pavlenko & Poberezhnyuk, Law Groupalways provides appropriate advice’. Oleksandra Pavlenko and Larysa Poberezhnyuk ‘deserve a special mention’ for their legal and managerial skills.

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.

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. )
  • 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
  • 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.
  • AstapovLawyers Represents KVV Group Shortlisted for Acquisition of Liepajas Metalurgs

    AstapovLawyers represents interests of  KVV Group in potential acquisition of JSC "Liepajas Metalurgs", Latvian biggest industrial enterprise as well as the only still mill in Baultic states. KVV Group is one of two finalists for further talks on the sale of the metallurgical company. The bidders have signed letters of intent for the acquisition of the plant. The expected deal value is not disclosable yet, however it is clear it will be in the range of EUR 80-100 million.
  • AstapovLawyers Top-Ranked in Energy and Infrastructure by IFLR1000

    Kyiv, 30 October 2014 - AstapovLawyers has been named among the top firms in Energy and Infrastructure (Tier 2) by the annual IFLR1000 rating.