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Eterna Law

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Almaty, Kiev, Moscow

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AstapovLawyers advised Blastrac on the Ukrainian legislation

February 2012

AstapovLawyers International Law Group advises Blastrac, major European surface preparation equipment manufacturer, with regard to various legal and regulatory matters related to establishing the business presence in Ukraine.

AstapovLawyers team advised Blastrac on, inter alia, domestic licensing requirements, currency control regulations, applicable tax regime, employment issues, financing as well as other matters of greenfield investment.

Oleh Malskyy, Partner with AstapovLawyers, says “Unique cooperation opportunities for both Poland and Ukraine, boosted by the launch of EURO 2012, this year gives Polish and Ukrainian business a chance to significantly expand their market positions. We already observe this “speed-up” and certainly are keen to be a part of this process. Although greenfield investment of our Polish clients is reasonably expected to be a mainstream in the upcoming months, we tend to offer full-scope legal support and make an emphasis on long term cooperation”

Blastrac, the inventor of the first mobile shot blast cleaning machine in the early 80s, is currently well-known and appreciated by contractors and users all over the world for comprehensive range of professional equipment to prepare any floor and surface. Having its business presence in Western Europe and Middle East and following its development strategy, Blastrac is currently planning to extend its business to other countries, including CIS.


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