The Legal 500

10 MUZEYNY PROVULOK, 7TH FLOOR, 01001 KYIV, UKRAINE
Tel:
Work +380 44 499 6000
Fax:
Fax +380 44 499 6250
Web:
www.sk.ua
Email:

What we say about the firm's legal practice in Ukraine

Banking, finance and capital markets

Within Banking, finance and capital markets , Sayenko Kharenko is a first tier firm,

Sayenko Kharenkoremains the reference in the market for capital markets work’, mainly thanks to Michael Kharenko and Nazar Chernyavsky. The firm’s ‘strong legal background and business-like approach’ also impresses clients. Highlights included advising VTB Bank on its $2bn loan to the state of Ukraine and representing the State Export-Import Bank of Ukraine on a groundbreaking $300m Eurobond issue.

Corporate and M&A

Within Corporate and M&A , Sayenko Kharenko is a second tier firm,

Sayenko Kharenko is ‘clearly very good on M&A’. Vladimir Sayenko heads the team, which acted on Unimilk’s €1.5bn sale to Danone CIS, and on Renaissance Group’s investment in AIM-listed XXI Century.

Dispute resolution

Within Dispute resolution , Sayenko Kharenko is a second tier firm,

Sayenko Kharenko is ‘flexible, innovative and fast to respond with a high level of professionalism’, and is increasingly popular among local and international clients. New head of international arbitration Tatyana Slipachuk joined from Vasil Kisil & Partners.

Intellectual property

Within Intellectual property , Sayenko Kharenko is a second tier firm,

Sayenko Kharenko advised Philip Morris Ukraine on copyright issues, and Abris Capital Partners on the transfer of IP rights. Dariya Valiavska is a qualified patent attorney.

Legal market overview

Within Legal market overview,

The local legal market has some other excellent firms, including Sayenko Kharenko and Vasil Kisil & Partners, and domestic firms in general are becoming more influential on cross-border deals. Some newer firms have quickly built a strong presence, including Avellum Partners, which has an excellent reputation. EnGarde Attorneys at Law has become popular for corporate and dispute resolution work, as has Ulysses for tax matters.

Real estate and construction

Within Real estate and construction , Sayenko Kharenko is a second tier firm,

Michael Kharenko and Sergey Ignatovsky are the outstanding individuals in Sayenko Kharenko’s large team, which advised Renaissance Group on its partnership with developer XXI Century, and Toronto-Kiev on the $18m development of a Holiday Inn.

Tax

Within Tax , Sayenko Kharenko is a second tier firm,

Sayenko Kharenko’s highly respected Michael Kharenko leads a tax team that counts Fortis Insurance, Horizon Capital and Western Union as clients. It advised Abris Capital on optimal tax structures for its acquisition of Roveks retail chain.


Legal Developments in Ukraine

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • New Rules for Arrest of Sea-going Ships Effective in Ukraine

    On 16 May 2012 the International Convention for the Unification of Certain Rules Relating to the Arrest of Sea-Going Ships (1952), known as Brussels Convention, and implementing amendments to the procedural legislation entered into force in Ukraine.
    - Asters
  • Obtaining security measures in support of arbitral awards

    Article 15 of the Code of Civil Procedure provides that applications for recognition and enforcement of awards issued in international commercial arbitration are considered by the courts of general jurisdiction following the procedure set out in the code.
  • Securities Commission Adopts New Regulation on Consolidation and Subdivision of Shares

    On 13 April 2012 the new Regulation on Consolidation and Subdivision of Shares in Joint Stock Companies (the "New Regulation") adopted on 6 March 2012 by the Ukrainian National Commission on Securities and Stock Market (the "Commission") became effective and replaced the old Regulation on Registration of Shares in the Course of Change of Nominal Value and Quantity of Shares without Change of the Share Capital Amount approved by the Commission on 14 September 2000.
    - Asters
  • Securities Commission Adopts Rules for Acquisition of Professional Securities Brokers

    On 13 March 2012 the Ukrainian National Commission on Securities and Stock Market (the "Commission") adopted the Regulation (the "Regulation") on granting a permit (the "Permit") for equity acquisition in a professional securities market participant, such as a security broker, asset management company, custodian, depositary, etc., resulting in direct or indirect holding or control over 10, 25, 50 or 75 percent of equity (the "Significant Shareholding"). The Regulation will be effective upon its approval by the Ministry of Justice.
    - Asters
  • RECENT CHANGES IN UKRAINIAN LEGISLATION Reform of Railroad Transport in Ukraine

    On 23 February 2012 the Ukrainian Parliament adopted the Law of Ukraine “On the Specifics of Establishment of Public Joint Stock Company of Public Railway Transport” (the “Public Railroad Transport Company Law”), which became effective as of 22 March 2012, and the Law of Ukraine “On Amendments to the Law of Ukraine “On Railroad Transport” (the “Railroad Amendment Law”), which will become effective from the date of state registration of the Company according to the Public Railroad Transport Company Law.
  • Recent Court Practice Relating to Taking Security in Ukraine

    From May 2011 and until January 2012, as a result of unification effort against inconsistent practice of the lower courts,the Supreme Court of Ukraine (the “Supreme Court”) re-examined inconsistent rulings of Ukrainian cassation courts on disputes arising out of, inter alia, mortgage and suretyship agreements and made a number of important decisions providing guidance on application of the relevant legislation in similar cases.
  • New Tax Circulars

    Recently Ukrainian State Tax Service (STSU) published a number of tax circulars containing STSU's interpretations of the tax law. The above circulars cover a variety of issues. Some of the key points are as follows:
    - Asters
  • Amendments to the PSA Tender Terms for Oles'ka and Yuzivs'ka Subsoil Blocks

    On 6 February 2012 the Cabinet of Ministers of Ukraine amended its Resolutions No. 1297 and No. 1298, dated 30 November 2011 (the "PSA Resolutions"), which determine tender terms for conclusion of production sharing agreements ("PSA") on exploration and production of hydrocarbons, in particular non-conventional gas, in Oles'ka and Yuzivs'ka subsoil blocks.
    - Asters
  • VALIDITY OF LOAN AGREEMENTS UNDER UKRAINIAN LAW

    Oleksandr Aleksyeyenko, partner - oleksandr.aleksyeyenko@integrites.com
  • Royalties decrease in 2012

    On 13 January 2012 the Law of Ukraine "On Amending the Tax Code of Ukraine Regarding Review of Certain Tax and Duties Rates"(the "Amendments") became effective. The Amendments change the procedure for calculation of adjustment index used for royalties' calculation.
    - Asters