Rising Stars

Energy in Ukraine

Vasil Kisil & Partners

Vasil Kisil & Partners

Practice head(s):

Alexander Borodkin; Oleg Alyoshin


Key clients

Odeh Asalem Automation System ODASCO (UAE)


Energy Standard Group (Cyprus)


Cindrigo (UK)


European Bank for Reconstruction and Development


Nadeva Wind (Germany)


CarboCycle Ingenieurbüro (Germany)


Socar Energy Ukraine


SVG Plus LLC


Work highlights


  • Advised the European Bank for Reconstruction and Development on the validity and enforceability of security package under the project finance loan to a Ukrainian energy.

Acquis Law Firm

Acquis Law Firm

Practice head(s):

Maksym Uslystyi; Mykhailo Lytvyn


Testimonials

‘The team has an individual approach.’

‘Maksym Uslystyi and Mykhailo Lytvyn are very good partners, and you can rely on them.’

Key clients

DBE Energy / DBE Global


Energosila Group Ukraine


GNCR Holding


Schmid Pekintas Energy


BOD Group


Dogaras, UAB


Ukrenevo LLC


Energetikos Investicijų Centras, MB


Ahlatci Holding / AHL Energy


4WIND, UAB


NS Xcel Energy Holding


ETL Construction


TERMOPET Group


Work highlights


  • Represented DBE Energy in the acquisition of 12 MwT Project in Zhytomyr region.
  • Advised GNCR Holding on negotiations and developing the contractual framework within the process of providing financing to its operational RES projects in Ukraine.
  • Advised Ahlatci Holding / AHL Energy on its acquisition of 2 operational SPPs in Ukraine with a total capacity of 28 MwT.

Aequo

Aequo

Practice head(s):

Denis Lysenko


Testimonials

‘Denis Lysenko is a highly knowledgeable, sophisticated, practical and responsive attorney.’

Key clients

Naftogaz of Ukraine


Gas Transmission System Operator of Ukraine


UkrGasVydobuvannya


Green for Growth Fund


DTEK Group


Mercuria Energy Trading


Ionity


Derzhvuhlepostach


Cameco Corporation


Fursy Energy Group


MET Ukraine


Work highlights


  • Assisted Naftogaz of Ukraine and its subsidiaries with a $10+bn international investment treaty dispute against Russia.
  • Represented Gas Transmission System Operator of Ukraine in two series of disputes related to gas trading and price regulation of about $900m.
  • Advised Naftogaz of Ukraine on the restructuring of its debt of over $1bn and other group’s strategic development issues.

Arzinger

Arzinger

Practice head(s):

Timur Bondaryev; Iaroslav Cheker


Testimonials

‘Strong professionals with practical knowledge and advice, high level of cooperation, flexibility in billing.’

‘Timur Bondaryev has high engagement in the projects, strong practical advice, looking at the project from the wider perspective than just legal sphere.’

Key clients

CNBM International Energy PTE LTD (Singapore)


China Machinery Engineering Corporation


Expert Petroleum


United Mining and Chemical company


ESE Investment AG


POWERCHINA


TIU (Canada)


ASD Lex


NEFCO


Elementum Energy


Goldwind


MET Ukraine


СHINA ELECTRIC POWER EQUIPMENT AND TECHNOLOGY CO


Work highlights


  • Represented a Canadian investor in a dispute over the illegal shutdown of a power plant.
  • Assisted a client with a legal due diligence of three ready-to-build stages of the biggest wind farm in Ukraine with a capacity of over 790 MW.
  • Assisted the Ukrainian Association of Renewable Energy and Ukrainian Wind Energy Association with the constitutional proceeding on the establishment of the feed-in tariffs in Ukraine.

Asters

Asters

Practice head(s):

Armen Khachaturyan; Yaroslav Petrov


Other key lawyers:

Anzhelika Livitska


Testimonials

‘Very professional individuals with deep skills assembled ineffective teams for specific assignments.’

‘Yaroslav Petrov is creative, entrepreneurial and reliable – an unusual combination.’

‘Asters is the largest and one of the most capable firms in Ukraine. They have top-level experts in all major practices, and it is very convenient for our company that Asters can advise us on the highest level possible in cross-practice projects.’

‘Senior Partner Armen Khachaturyan has deep expertise, knowledge of the energy industry and tremendous ability to make the right strategic decisions.

Partner Yaroslav Petrov has excellent analytical skills. He is knowledgeable, prompt and result oriented. He is very client-centric, and is updated with all the latest trends on the market and uses this knowledge to the benefit of his clients.’

Key clients

Arawak Energy Ukraine B.V.


Modus Group


Naftogaz Group


VR Capital Group


Work highlights


  • Assisted Arawak Energy Ukraine B.V., with the sale of 50% of shares in Geo-Alliance Oil-Gas Public Limited to gas producer Geo Alliance Group Limited.

Avellum

Avellum

Practice head(s):

Glib Bondar


Key clients

Ukrenergo


DTEK Group


EBRD


Volt Resources Limited


Work highlights


  • Assisted National Power Company “Ukrenergo” with its $825m of 6.875% notes guaranteed by Ukraine.
  • Advised DTEK Group on the debt restructuring under the two inter-conditional English schemes of arrangement for DTEK Energy B.V. and DTEK Finance PLC.
  • Advised EBRD on regulatory matters in connection with the updated model power purchase agreement circulated by State Company “Guaranteed Buyer”.

Baker McKenzie, Kyiv Office

Baker McKenzie, Kyiv Office

Practice head(s):

Serhiy Piontkovsky


Other key lawyers:

Hanna Shtepa


Testimonials

‘The team is very professional, always on time, and has good communication.’

‘The team has great communication skills and provides reliable and effective solutions.’

Key clients

EPH (Energetický a průmyslový holding, a. s.)


NAFTA a.s.


Bayerische Landesbank


State Property Fund


Work highlights


  • Advised EPH and its subsidiary Slovak company NAFTA a.s. on two separate production sharing projects relating to Okhtyrska and Hrunivska blocks in North-Eastern Ukraine.
  • Advised Bayerische Landesbank on the financing of the construction of the 1st and the 2nd Stage of a 200 MW wind power plant in Zaporizhzhia region of Ukraine.
  • Advised the State Property Fund of Ukraine on privatization of 78.289% of shares in Centrenergo, one of the largest Ukrainian power-generation companies.

CMS

CMS

Practice head(s):

Vitaliy Radchenko; Maria Orlyk; Anna Pogrebna


Other key lawyers:

Volodymyr Kolvakh


Testimonials

‘The dedication to us as clients, even in these difficult times. CMS Ukraine has strived and succeeded in providing the best and swiftest advice.’

Key clients

Air Products


Nafta International BV


FAS Energy


CWP Europe


SUW South Ukraine Windplant Holdings Limited


Work highlights


  • Advised FAS Energy on the acquisition of a solar power plant being developed in the Kyiv region, with an expected capacity of 112MW, from a Ukrainian developer.
  • Advised Air Products on the establishment of a joint venture with ArcelorMittal for the construction of a new modern air separation unit at the ArcelorMittal Kryvyi Rih steel plant in Ukraine.
  • Advised NAFTA International B.V. on the buyout of its joint venture partner, Cub Energy Inc., to become the owner of 100% of the Ukrainian company.

Dentons

Dentons

Practice head(s):

Adam Mycyk; Maksym Sysoiev


Other key lawyers:

Oleg Batyuk


Testimonials

‘People are very professional and helpful. They can recommend the optimal solution.’

‘The firm provides good recommendations about your cases.’

Key clients

Power China New Energy Power Co., Ltd.


International Finance Corporation


Eksim Yatirim Holding A.S.


Dionis Biogas Energy LLC


European Bank for Reconstruction and Development


DNV GL Energy Advisory GmbH


Sigra Group


Misen


ENGIE


Helios Strategia


TIU Canada


Work highlights


  • Advised Dionis Biogas Energy LLC on the implementation of the first biomethane project in Ukraine.
  • Advised Eksim Yatirim Holding A.S. on energy matters related to the acquisition and further construction of a 60 MW wind project in Western Ukraine.
  • Advised DNV GL Energy Advisory GmbH on the development of a battery energy storage in Ukraine.

EVERLEGAL

EVERLEGAL

Practice head(s):

Yevheniy Deyneko; Andriy Olenyuk


Key clients

Ukrainian Wind Energy Association


China Electric Power Equipment and Technology


UDP Renewables


Go To-U Network


Triosan, a Hungarian company


Work highlights


  • Advised UDP Renewables on the development of energy infrastructure, in particular 113 MW wind project in Volyn region.
  • Advised Go To-U Network on developing green energy infrastructure, in particular, implementing the project for the installation of chargers for electric cars on the Ukrainian motorways.
  • Advised Ukrainian Wind Energy Association on licensing and permitting issues, affecting the industry.

EY Law

EY Law

Practice head(s):

Borys Lobovyk


Testimonials

‘Our company cooperated with EY on several projects. Each time the deliverables were well prepared, the team was well organised, attentive to details, and excellent in communication.’

Key clients

Ukrgasvydobuvannya


Work highlights


GOLAW

GOLAW

Practice head(s):

Sergiy Oberkovych


Testimonials

‘GOLAW have the highest calibre of staff who are experts in their respective fields. They utilise their partnerships to ensure that they provide best-in-class services.’

‘Sergiy Oberkovich and the team are extremely knowledgeable, consistently going above and beyond to provide the best level of service. This is not just limited to a legal opinion but rather a practical implementation with on-the-ground knowledge.’

‘The firm has a partner-led approach and involvement.’

‘Sergiy Oberkovych is a top knowledgeable lawyer in the sector and has helped us a lot over the years.’

Key clients

KBPP Management


TIU Canada


Enkom


Work highlights


  • Advised KBPP Management and a group of Irish investors on the preparation and execution of the tender for the selection of the new EPC contractor.
  • Assisted KBBP Management and its Ukrainian subsidiary Khmelnytskiy, a biofuel power plant, with challenging the refusal of State architectural inspection to issue a construction permit.
  • Advised TIU Canada on the legality of shutting down the Nikopol solar power plant (10 MW) by the Nikopol Ferroalloy Plant.

Ilyashev & Partners

Ilyashev & Partners

Practice head(s):

Mikhail Ilyashev


Testimonials

‘Ilyashev & Partners has absolutely everything needed for quality support of the work in the energy sector. The team is very well versed in the technical issues.’

‘Mikhail Ilyashev deeply understands the energy sector.’

‘The firm has a very deep practical knowledge of the industry.’

Key clients

JKX Oil & Gas


JV Poltava Petroleum Company


Elme Messer Gaas AS


Arctic Securities AS


Ukrenergozbut


Spetsmekhservice


Energiya Karpat


Ukrinterenergo SE


Ostchem Holding


Karpatygaz


Ukrainian Renewable Energy Association


UkrGaz


UkrGazEnergo


LetterOne Group


Group DF


Ferrexpo AG


Work highlights


  • Assisted Ukrenergoz with the protection from illegal transfer of 305m cubic meters of gas.
  • Represented JV Poltava Petroleum Company in Ukrainian courts when appealing against tax notifications-decisions.
  • Advised Arctic Securities AS on the financing of Norwegian energy company NBT AS for the implementation of projects in Ukraine.

Integrites

Integrites

Practice head(s):

Dr. Oleksiy Feliv


Testimonials

‘The firm has an in-depth knowledge of the industry.’

‘Oleksiy Feliv has a good knowledge of international practices integrated within the local experience.’

‘Experts are always available, respond quickly to urgent questions, and thoroughly and professionally approach the study of problems.’

‘Integrites has a strong team with specialists in various fields. They could work with ecology inspection, with investigators in criminal proceedings and EPC contractors.’

‘They have experienced lawyers, which we required in the project in Ukraine. They were available when we requested it and provided clear memos.’

‘The team is adaptive to situations no matter how difficult these are. They are putting the client’s operations first place. Mobility and problem-solving are their strength.’

‘This firm is an excellent team of pros known in the market for their expertise in energy. The go-to firm for companies working in the energy and renewables – top-notch service and value for money.’

‘Oleksiy Feliv is very experienced and perfectly oriented on the market. He was detailed and specific, very attentive and anticipated all challenges which may occur. An expert and advisor I can rely on.’

Key clients

PJSC NPC Ukrenergo


Wärtsilä


EMERGY AS (previously NBT AS)


Total Eren


EuroCape/LongWing


Ümitli


AKW Ukrainian Kaolin


Work highlights


  • Represented PJSC NPC Ukrenergo in the investment arbitration against Russia regarding the expropriation of the power grid, recreational facilities and other property of the client by the Russian authorities.
  • Assisted Wärtsilä Corporation OU and Wärtsilä Finland OY with finance and security documentation of the €1-2bn project.
  • Advised EMERGY AS (Norway) on all aspects of the €1.25bn financing and development of the 42.5 MW, second 300 MW and third 450 MW stages of the 792,5 MW Zophia wind farm.

Kinstellar

Kinstellar

Practice head(s):

Oleksandr Kurdydyk


Other key lawyers:

Illya Muchnyk


Key clients

National Joint Stock Company Naftogaz of Ukraine


PJSC National Power Company Ukrenergo


EBRD


State Property Fund of Ukraine


Tetra Tech ES


United States International Development Finance Corporation


Work highlights


  • Advised the Supervisory Board of Ukrenergo National Power Company on electricity market regulations, corporate governance matters and other matters concerning the activity of the Supervisory Board and its Committees.
  • Advised DFC (former OPIC), an agency of the United States of America, on all aspects of a USD-multimillion financing for a four-phase, 500 MW wind farm in central Ukraine.
  • Advised the Supervisory Board of Naftogaz of Ukraine National Joint Stock Company, on legislative regulation of the energy sector, in particular, the oil, natural gas and petroleum markets in Ukraine.

KPMG Law in Ukraine

KPMG Law in Ukraine

Practice head(s):

Yuriy Katser


Key clients

E-group


Major European oil & gas company


Good Governance Fund


German innovation company developing RES solutions


Work highlights


  • Advised E-Group on the investment in the renewables.
  • Assisted Good Governance Fund with the development and support of the implementation of a ‘green bond’ financing regulatory framework in Ukraine.
  • Advised RES solutions on the structure for a project concerning a roof-based photovoltaic system and an electric vehicle charging system for parking lots in warehouse complexes.

LCF Law Group

LCF Law Group

Practice head(s):

Ivan Bondarchuk


Testimonials

‘Great understanding of market and adaptiveness of international practices and current regulation to fit the needs of the client.’

‘Ivan is providing great advice, with an exceptional knowledge of the market.’

Key clients

SCATEC SOLAR SOLUTIONS UKRAINE LLC


UKRAINIAN ASSOCIATION OF RENEWABLE ENERGY


UKRAINIAN WIND ENERGY ASSOCIATION


BOHUSLAVENERGY LLC


REAL FINANCE s.r.o.


RIGHT POWER a.s.


UDP RENEWABLES group


MGW LLC


CHYSTA ENERHIIA-2011 LLC


GREENTECO SES LLC


PV PROGRESIVKA-BETA LLC


PV PROGRESIVKA-ALPHA LLC


PV PROGRESIVKA-GAMMA LLC


VAR ENERGY


DNISTROVSKA WIND FARM LLC


Work highlights


  • Advised Ukrainian Association of Renewable Energy on mediation with the Ukrainian Government.
  • Advised Scatec Solar on the matters related to the construction and the operation of its solar power plants in Ukraine.
  • Advised Ukrainian Association of Renewable Energy and Ukrainian Wind Energy Associations on the procedure regarding the compatibility of Ukrainian renewable energy support mechanism with EU and local state aid rules.

Redcliffe Partners

Redcliffe Partners

Practice head(s):

Dmytro Fedoruk


Key clients

Aspect Holdings


Nebras Power


UkrGasVydobuvannya


Eni


JP Morgan Securities PLC


EBRD


NEFCO


SigmaBleyzer


Rawicom


Work highlights


  • Assisted Aspect Holdings and SigmaBleyzer with the preparation and negotiation of a production sharing agreement with the Ukrainian Government.
  • Advised Nebras Power developing and managing a portfolio of strategic investments in the power sector globally.
  • Advised UkrGasVydobuvannya on the first-ever in Ukraine production enhancement contract.

Sayenko Kharenko

Sayenko Kharenko

Practice head(s):

Nazar Chernyavsky; Igor Lozenko


Key clients

BNP Paribas


DTEK Renewables


Deutsche Bank


Elementum Energy Limited


European Bank for Reconstruction and Development


Goldman Sachs International


Millstone Group


National Securities and Stock Market Commission


Nordic Environment Finance Corporation


Polskie Górnictwo Naftowe i Gazownictwo S.A.


Ukreximbank


USAID-financed project “Financial Sector Transformation”


Work highlights


  • Advised BNP Paribas, Deutsche Bank, Goldman Sachs International and Ukreximbank on the debut $825m ESG Bond issue by Ukrenergo.
  • Advised EBRD on the project financing to the municipality of Dnipro (Ukraine) for implementation of energy efficiency measures in the public buildings.
  • Advised Elementum Energy Limited on the acquisition of a majority stake in Lymanska Vitroelektrostantsiia LLC from Ukraine Power Resources.