The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Eterna Law

Work +380 44 490 7001
Almaty, Kiev, Moscow

Show all Press releases

AstapovLawyers announces on a merger with European law firm Baltic Business Group and entering the m

May 2016

AstapovLawyers International Law Group announces a merger with Baltic Business Group, a European full-service law firm with offices in Germany and Latvia. The companies signed a strategic partnership agreement  to operate together in European and CIS markets under a common brand ‚ÄėEterna Law‚Äô. The Board of Partners will manage the surviving company.

The merger becomes effective on 16 May 2016.

The combination and the resulting strengthening of the Group with the offices in Dusseldorf and Riga are to meet the expectations of businesses that are heavily considering the possibility of entering European markets. The new Dusseldorf office located in the industrial heart of Germany will enable the company to develop more efficient communication with the world's largest businesses that have headquarters or offices in the city.

With five offices currently operating in Kyiv, Almaty, Moscow, Dusseldorf, and Riga, the Group is planning to expand its European presence further.  The forthcoming opening of a Vienna office will be the next step in the development of Eterna Law.

The two law firms coming together under a common brand name was a strategic goal for the Group that always strives to expand its geographical presence and product range for the benefit of clients. This is a logical step on the way to creating a full-service law firm present in Europe and the CIS.

The Group's presence in the two key business countries of Europe will offer an opportunity for clients to obtain advice in these states directly and will allow for more efficient use of EU funds. Germany and Latvia are among most business friendly countries in the world standing at 15 and 22 in the aggregate ranking on the ease of doing business, respectively.

The merger with the European player marks yet another stage in the company‚Äôs expansion strategy, allowing it to significantly increase its international presence due to new possibilities. We are confident that the international experience of Baltic Business Group will make AstapovLawyers stronger and  the synergy of our practices will bring fresh opportunities for our clients.

The cross-border merger is the first of its kind in the company’s history.

Legal Developments by:
Eterna Law

Legal Developments in Ukraine

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Top Changes for Financial Institutions on Restructuring and Recoveries Market in Ukraine

    One of the biggest fear for a creditor in providing financing is a possible default with zero perspectives to recover damages. On the international arena until recently Ukraine has been known as a high-risk country that precludes foreign investment flows. However, the situation has changed substantially over the past few years.  
    - GOLAW
  • AVELLUM advises joint lead managers on EUR600 mln and USD335 mln Naftogaz Eurobond issue

    AVELLUM acted as the Ukrainian legal counsel to the joint lead managers, Citigroup Global Markets Limited and Deutsche Bank AG, London Branch, with respect to EUR600 million and USD335 million Eurobond offering of Naftogaz of Ukraine.
  • AVELLUM advises Cornerstone Partners on acquisition of CoreValue

    AVELLUM acted as the Ukrainian legal counsel to Cornerstone Partners, a co-owner of IT Kontrakt, a Polish IT Company, on the acquisition of CoreValue, a US-headquartered IT service provider with Ukrainian roots.
  • How much does it cost to use ‚Äúproprietary‚ÄĚ TM?

    For many international companies, it is a common practice to allow the use of their trademarks (TM) to all group companies on a free of charge basis. Some parent companies do not even have a right to charge the royalty payments from their subsidiaries, as this contradicts the company’s policy. In the case of subsidiaries located in the territory of Ukraine, such a situation suits everyone, at first glance, because royalties do not have to be paid at all. 
    - GOLAW
  • AVELLUM successfully represents English trading company in GAFTA arbitration

    AVELLUM secured a favourable award to the client in a dispute at the GAFTA arbitration for a total amount of more than EUR1.5 million.
  • AVELLUM advises GROUPE ATLANTIC on acquisition of one of SST Group‚Äôs businesses

    AVELLUM acted as the Ukrainian legal counsel to GROUPE ATLANTIC, a leading French HVAC company, on the acquisition of SST Group’s electric underfloor heating and water leakage control systems business.
  • Renewable energy in Ukraine: green auctions launched

    In the first half of 2019 alone, renewable energy facilities with a capacity of more than 1.5 GW were connected to the Ukrainian grid, with about 96% of those being solar and wind energy facilities. In the whole of 2018, which has been a record-breaking year so far, numbers were almost half as high. The Ukrainian market also remains very attractive to foreign investors, not least because of the lucrative feed-in tariff rates, which are paid out regularly. Now, after the adoption of the so-called law on green auctions, significant changes can be expected.
  • AVELLUM advises on Ukraine`s first in over a decade Euro-denominated notes issue

    AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on another milestone Eurobond deal. The issue by Ukraine of EUR1 billion notes with a 7-year tenor marks the first euro-denominated offering Ukraine has made in almost 15 years.
  • AVELLUM advises solar power plant developer on sale of solar project

    AVELLUM acted as the legal counsel to SM Invest Construction B.V., a solar PV plants developer, on the sale of shares in the holding company, which owns the underlying assets to develop a 148MW solar power plant in Mykolaiv region. Scatec Solar, a leading and globally acting solar energy producer, acted as the purchaser.
  • General requirements to advertising in Ukraine

    The main legal act regulating legal relations in the field of advertising is the Law of Ukraine  On Advertising . The implementation of the Law in practice requires a detailed analysis and practical experience. The fulfillment of the requirements of the Law and other regulatory legal acts regulating advertising relations in Ukraine is a guarantee that government agencies in Ukraine, such as the Antimonopoly Committee of Ukraine, the State Inspection of Consumer Protection of Ukraine will not be able to start an advertiser's check.