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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

AVELLUM and A.G.A. Partners announce combination

July 2018. Press Releases by Avellum (view listing).

AVELLUM and A.G.A. Partners announced that two law firms have agreed to combine effective 9 July 2018. This strategic combination brings together renowned transactional practice of AVELLUM and experienced dispute resolution practice of A.G.A. Partners.

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AVELLUM Advises Uber on Merger Control Clearance for Joint Venture with Yandex

June 2018. Press Releases by Avellum (view listing).

AVELLUM acted as the Ukrainian legal counsel to Uber on obtaining a merger control clearance from the Antimonopoly Committee of Ukraine for the creation of a joint venture with Yandex. The new company is valued at USD3.8 billion.

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AVELLUM Advises Ukrainian Investment Firm on Establishment of JV in Renewable Energy Sector

June 2018. Press Releases by Avellum (view listing).

AVELLUM Advises Ukrainian Investment Firm on Establishment of Joint Venture in Renewable Energy Sector

AVELLUM acted as the legal counsel to Investment Capital Ukraine (“ICU”) on the establishment of a joint venture with VR Capital Group to develop a 63.8 MW solar power plant in Khmelnytskyi region.

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AVELLUM advises EBRD on UAH/EUR multi-currency loan to Nova Poshta

June 2018. Press Releases by Avellum (view listing).

AVELLUM advises EBRD on UAH/EUR multi-currency loan to Nova Poshta

AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with a senior secured loan of up to EUR9.5 million to Limited Liability Company “Nova Poshta” (“Nova Poshta”).

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AVELLUM advises Nordcurrent on acquisition of Blam! Games Studios

June 2018. Press Releases by Avellum (view listing).

AVELLUM advises Nordcurrent on acquisition of Blam! Games Studios

AVELLUM acted as the Ukrainian legal counsel to Nordcurrent on the acquisition of Blam! Games Studios. Nordcurrent is the largest game development studio in the Baltic region. Blam! Games Studios is a Ukrainian game development and animation studio, which has been cooperating with Nordcurrent since 2014.

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AVELLUM Advises Joint Lead Managers on Issue of Hryvnia Denominated Eurobonds by Ukreximbank

May 2018. Press Releases by Avellum (view listing).

AVELLUM Advises Joint Lead Managers on Issue of Hryvnia Denominated Eurobonds by Ukreximbank

AVELLUM acted as the Ukrainian legal counsel to the joint lead managers with respect to UAH4.051 billion Eurobond offering by Joint Stock Company “The State Export-Import Bank of Ukraine (“Ukreximbank”).

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AVELLUM Advises MHP on USD550 Million Eurobond Issue

May 2018. Press Releases by Avellum (view listing).

AVELLUM Advises MHP on USD550 Million Eurobond Issue

AVELLUM acted as the Ukrainian legal counsel to MHP SE (“MHP”) on USD550 million, 8 year, 6.95% Eurobond issue with the benefit of the guarantees from its Ukrainian subsidiaries. The joint lead managers on the transaction were J.P. Morgan Securities plc, London Branch of ING Bank N.V., and UBS Limited.

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AVELLUM Advises on Largest Refinancing for Metinvest

May 2018. Press Releases by Avellum (view listing).

AVELLUM Advises on Largest Refinancing for Metinvest

AVELLUM acted as the Ukrainian legal counsel to Metinvest Group (“Metinvest”) on the successful refinancing of its USD2,271 million debt consisting of USD1,592 million issue of new eurobonds (“new eurobonds”) and the amendment and restatement of its pre-export finance (“PXF”) facility allowing to secure USD765 million in the PXF facility.

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AVELLUM Advises Horizon Capital on Disposal of Stake in Ergopack Group

May 2018. Press Releases by Avellum (view listing).

AVELLUM Advises Horizon Capital on Disposal of Stake in Ergopack Group

AVELLUM acted as the lead legal counsel to Horizon Capital and certain individuals on the disposal of 90% stake in Ergopack Group in favour of Sarantis Group.

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AVELLUM Advises Ukrzaliznytsia on USD1 Billion Collaboration with General Electric

March 2018. Press Releases by Avellum (view listing).

AVELLUM Advises Ukrzaliznytsia on USD1 Billion Collaboration with General Electric

AVELLUM acted as the Ukrainian legal counsel to Public Joint Stock Company “Ukrainian Railway” (“Ukrzaliznytsia”) on a USD1 billion collaboration with General Electric Company (“GE”). The project aims at renovating and modernising the locomotive fleet of Ukrzaliznytsia through a long-term joint collaboration for the supply of up to 225 new locomotives and modernisation of 75 currently operating locomotives. In 2018-2019, GE is expected to supply 30 new locomotives to Ukrzaliznytsia through a financial lease agreement with Joint Stock Company “The State Export-Import Bank of Ukraine”.

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AVELLUM Advises Ministry of Finance of Ukraine on State-Guaranteed USD250 Million Loan to Energoatom

March 2018. Press Releases by Avellum (view listing).

AVELLUM Advises Ministry of Finance of Ukraine on State-Guaranteed USD250 Million Loan to Energoatom

AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the state-guaranteed USD250 million loan extended to State Enterprise National Nuclear Energy Generating Company “Energoatom”.=

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AVELLUM Advises Shareholder of PJSC “Commercial Bank “Center” on Increasing Its Charter Capita

February 2018. Press Releases by Avellum (view listing).

AVELLUM Advises Shareholder of PJSC “Commercial Bank “Center” on Increasing Its Charter Capital

AVELLUM advised Public Joint Stock Company “Commercial Bank “Center” (“PJSC CB “Center”), a regional Ukrainian bank, and its sole shareholder Mr. Hamed Alikhani on increasing the charter capital of PJSC CB “Center” to UAH200 million. AVELLUM advised the clients on a number of corporate, regulatory, and securities issues related to increasing the charter capital, and on further acquisition of new shares in PJSC CB “Center”.

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AVELLUM Promotes New Partner and Counsels

February 2018. Press Releases by Avellum (view listing).

AVELLUM Promotes New Partner and Counsels

AVELLUM is pleased to announce senior promotions.

Yuriy Nechayev was promoted to a partner at Corporate/M&A practice. In his new role, Yuriy will continue focusing on M&A, corporate law, and private equity.

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AVELLUM Advises Deere & Company on Employment Issues Related to Acquisition of Wirtgen Group

January 2018. Press Releases by Avellum (view listing).

AVELLUM Advises Deere & Company on Employment Issues Related to Acquisition of Wirtgen Group

AVELLUM acted as the Ukrainian legal advisor to Deere & Company (“Deere”) on Ukrainian employment matters related to the USD5.2 billion acquisition of the Wirtgen Group.

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AVELLUM ADVISES ING ON USD100 MILLION PRE-EXPORT LOAN FACILITY TO MHP

January 2018. Press Releases by Avellum (view listing).

AVELLUM ADVISES ING ON USD100 MILLION PRE-EXPORT LOAN FACILITY TO MHP

AVELLUM acted as a Ukrainian legal counsel to ING Bank N.V. (“ING”) on a USD100 million secured pre-export revolving loan facility (“Loan”) to Myronivsky Hliboproduct Group (“MHP”), provided by ING together with Crédit Agricole Corporate and Investment Bank.

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AVELLUM Advises AGCO on Merger Control and Concerted Practices Clearances

January 2018. Press Releases by Avellum (view listing).

AVELLUM Advises AGCO on Merger Control and Concerted Practices Clearances for Acquisition of Precision Planting and Assets Owned by Monsanto Argentina and Monsanto Do Brasil

AVELLUM acted as the Ukrainian legal advisor to AGCO on obtaining a merger control and concerted practices clearances of the Antimonopoly Committee of Ukraine for the acquisition of Precision Planting LLC and assets owned by Monsanto Argentina S.R.L., and Monsanto do Brasil Ltda. Mentioned entities are used in the development, manufacture, licensing and sale of farming equipment and components used to optimise the performance of planters and harvesting equipment.

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AVELLUM Successfully Represents Česká Exportní Banka Before Ukrainian Courts

November 2017. Press Releases by Avellum (view listing).

AVELLUM successfully represented Česká Exportní Banka, a.s. (“ČEB”) in (i) a number of litigations against a Ukrainian corporate borrower in connection with attempts of illegal transfer of mortgaged real estate assets securing USD37 million loan and (ii) a sale of the relevant loan and security claims.

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AVELLUM Advises Coast2Coast on Acquisition of Household Products Producer Stella Pack

November 2017. Press Releases by Avellum (view listing).

AVELLUM acted as a Ukrainian legal counsel to Coast2Coast, a South-African investment company, on acquisition of Poland-based Stella Pack by Bounty Brands, a part of Coast2Coast portfolio. Stella Pack is a major manufacturer and distributor of household products.

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Financial Times Praises AVELLUM for Innovation in Dispute Resolution

October 2017. Press Releases by Avellum (view listing).

FT Innovative Lawyers 2017 recognised AVELLUM for pioneering the litigation strategy that helped to achieve a unique resolution from the Ukrainian court in favour of the bondholders of Ukrainian agricultural group Mriya.

Financial Times commended AVELLUM’s ability to convince the Ukrainian judiciary to admit new forms of evidence and to ensure protection of foreign investors’ rights through the Ukrainian court procedure.

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AVELLUM Advises on Ukraine’s USD3 Billion Sovereign Bond Issue and Tender Offer

October 2017. Press Releases by Avellum (view listing).

AVELLUM acted as Ukrainian legal advisor to the Ministry of Finance of Ukraine on its USD3 billion, 15-year, 7.375% Eurobond issue which was combined with the cash tender offer to the holders of the outstanding Eurobonds due 2019 and 2020. BNP Paribas, Goldman Sachs and J.P. Morgan Securities plc acted as joint lead managers on the transaction. The transaction is the first stand-alone sovereign bond issue by Ukraine since its 2015 sovereign debt restructuring.

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AVELLUM Advises Seller on Sale of Karavan Hypermarket Chain to Auchan Group

July 2017. Press Releases by Avellum (view listing).

AVELLUM acted as a legal advisor to the seller regarding the sale of Karavan Hypermarket chain to Auchan Group.

AVELLUM provided the seller with legal support in preparation, negotiation and signing of the transactional documents.

The transaction was subject to obtaining a merger control clearance of the Antimonopoly Committee of Ukraine.

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AVELLUM Advises Kernel Holding S.A. on Acquisition of Farming Business by Its Subsidiary

July 2017. Press Releases by Avellum (view listing).

AVELLUM advised its longstanding client Kernel Holding S.A. (“Kernel”) on the acquisition of 100% of shares in a farming business that manages over 170,000 tons of grain storage capacity and over 27,500 hectares of leasehold farmland by one of its subsidiaries. Total consideration of the deal amounted to USD43.3 million and was paid in cash.

The Antimonopoly Committee of Ukraine approved the acquisition in May 2017.

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AVELLUM Advises Investor on Acquisition of 99.91% Stake in Marfin Bank from Cyprus Popular Bank

July 2017. Press Releases by Avellum (view listing).

AVELLUM advised Saggarco Ltd on the acquisition of 99.91% stake in PJSC Marfin Bank (“Marfin Bank”) from Cyprus Popular Bank Public Co Ltd (“CPB”).

We assisted our client with the due diligence of Marfin Bank, pre-transaction restructuring, transaction documentation, approvals of the National Bank of Ukraine and the Antimonopoly Committee of Ukraine.

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AVELLUM Advises MHP on Benchmark Eurobond Issue

July 2017. Press Releases by Avellum (view listing).

AVELLUM acted as Ukrainian legal advisor to MHP S.A. (“MHP”) on the benchmarck USD500 million, 7 year, 7.75% Eurobond issue with the benefit of the guarantees from its Ukrainian subsidiaries. The joint lead managers on the transaction were J.P. Morgan Securities plc and London Branch of ING Bank N.V.

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AVELLUM Advises Kernel Holding S.A. on Acquisition of a Large-scale Farming Business

June 2017. Press Releases by Avellum (view listing).

AVELLUM advised its longstanding client Kernel Holding S.A. (“Kernel”) on the acquisition of 100% of shares in a large-scale farming business that manages over 190,000 hectares of leasehold farmland and approximately 200,000 tons of grain storage capacity. The value of the deal was USD155 million.

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AVELLUM Contributed to an Amicus Curiae Brief for the Court Proceeding

May 2017. Press Releases by Avellum (view listing).

AVELLUM Contributed to an Amicus Curiae Brief for the Court Proceeding, Which May Have Considerable Impact on Enforceability of Foreign Awards in Ukraine

 

 

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AVELLUM ADVISES BONDHOLDERS COMMITTEE ON METINVEST USD2.3 BILLION DEBT RESTRUCTURING

May 2017. Press Releases by Avellum (view listing).

AVELLUM ADVISES BONDHOLDERS COMMITTEE ON METINVEST USD2.3 BILLION DEBT RESTRUCTURING

AVELLUM acted as a Ukrainian law counsel to the bondholder group composed of holders of guaranteed notes issued by Metinvest B.V., a holding company of a leading Ukrainian and international steel producer and exporter, in connection with the restructuring of USD2.3 billion of debt under its guaranteed notes and pre-export finance (PXF) loan facilities.

Metinvest Group is an international vertically integrated group of mining and steel companies that manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It comprises steel and mining production facilities located in Ukraine, Europe and the US, as well as a sales network covering all key global markets.

The restructuring of guaranteed notes and the PXF syndicated loan facilities was implemented through an English scheme of arrangement approved by the High Court of Justice of England and Wales. According to the terms of the restructuring, three series of guaranteed notes (due in 2016, 2017 and 2018) were cancelled, delisted and replaced with new listed senior secured notes in the total amount of approximately USD1.2 billion due in December 2021. Additionally, four PXF syndicated loan facilities were amended, restated and consolidated into a single loan facility in the amount of approximately USD1.1 billion due in June 2021.

The AVELLUM team included Partner Glib Bondar; Counsel Igor Lozenko; Senior Associate Taras Dmukhovskyy, and Associates, Taras Stadniichuk and Orest Franchuk.

 

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Mykola Stetsenko Became Member of the Public Council of the Antimonopoly Committee of Ukraine.

March 2017. Press Releases by Avellum (view listing).

AVELLUM's Managing Partner Mykola Stetsenko Became Member of the Public Council of the Antimonopoly Committee of Ukraine

We are proud to announce that Mykola Stetsenko, Managing Partner of AVELLUM, was elected as a member of the Public Council at the Antimonopoly Committee of Ukrainе ("Public Council").

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AVELLUM Advised Deutsche Beteiligungs AG on Investment in Dieter Braun GmbH

February 2017. Press Releases by Avellum (view listing).

AVELLUM Advised Deutsche Beteiligungs AG on Investment in Dieter Braun GmbH

AVELLUM acted as the Ukrainian legal counsel to Deutsche Beteiligungs AG ("DBAG") in connection with the EUR5.9 million investment in Dieter Braun GmbH ("Braun").

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AVELLUM Advises Bondholders Committee on DTEK Energy Long-Term Restructuring

February 2017. Press Releases by Avellum (view listing).

AVELLUM acted as a Ukrainian law counsel to the bondholder group composed of holders of senior notes (the "Notes") issued by DTEK Finance plc in connection with the long-term restructuring of the Notes as part of the long-term restructuring of the debts of the DTEK Energy group.

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AVELLUM Advises Kernel on Debut USD500 Million Eurobond Issue

February 2017. Press Releases by Avellum (view listing).

AVELLUM acted as Ukrainian legal counsel to its longstanding client Kernel Holding S.A. ("Kernel") in connection with an offering of its USD500 million 8.75% guaranteed notes due 2022. The notes are expected to be rated B+ by Fitch and B by S&P, two notches and one notch above the Ukrainian sovereign respectively.

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AVELLUM Advised CPPIB on Acquisition of 48% Stake in GlobalLogic Inc. from Apax Funds

February 2017. Press Releases by Avellum (view listing).

AVELLUM Advised CPPIB on Acquisition of 48% Stake in GlobalLogic Inc. from Apax Funds

AVELLUM acted as the Ukrainian legal counsel to Canada Pension Plan Investment Board ("CPPIB") in connection with the acquisition of an approximate 48% stake in GlobalLogic Inc. from Apax Funds.

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AVELLUM Advises EBRD on EUR1.4 Million Secured Loan Facility to KHASK

January 2017. Press Releases by Avellum (view listing).

KHASK is a Ukrainian major producer and exporter of self-adhesive tapes and packaging materials. The loan facility is used to finance the purchase and installation of a solvent recuperation system, related general construction and energy efficiency capital investments.

AVELLUM team was led by Senior Associate, Taras Dmukhovskyy, with significant support from Associates, Taras Stadniichuk and Orest Franchuk, under the supervision of Partner, Glib Bondar.

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AVELLUM Leads in the Largest Public Deals According to “TOP 50 Law Firms of Ukraine – 2016”

December 2016. Press Releases by Avellum (view listing).

AVELLUM leads in the number of the largest public deals аccording to the recently published "TOP 50 Law Firms of Ukraine - 2016" ranking. We have advised on 12 out of 50 largest public transactions, reported by this edition.

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AVELLUM Advised AGCO on Merger Control Clearance for Acquisition of Cimbria

November 2016. Press Releases by Avellum (view listing).

AVELLUM acted as the Ukrainian legal counsel to AGCO in connection with obtaining a merger control clearance of the Antimonopoly Committee of Ukraine for the acquisition of Cimbria for EUR310 million.

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AVELLUM Advises UniCredit on Disposal of Shares in PJSC “Ukrsotsbank” in Favour of ABH Holdings

November 2016. Press Releases by Avellum (view listing).

AVELLUM Advises UniCredit on Disposal of Shares in PJSC "Ukrsotsbank" in Favour of ABH Holdings S.A.

Kyiv, 7 November 2016 - AVELLUM advised UniCredit Group ("UCG") on Ukrainian law matters in connection with the disposal of 99.9% shares in PJSC "Ukrsotsbank", an asset of UCG in Ukraine, in exchange for a minority stake (9.9%) in ABH Holdings S.A.

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AVELLUM Advises in Connection with Increase of Horizon Capital’s Stake in Datagroup

September 2016. Press Releases by Avellum (view listing).

Kyiv, 9 September 2016 - AVELLUM advises Custos Invest & Finance Inc., one of the Datagroup’s shareholders, in connection with the increase of the stake of Horizon Capital in Datagroup from significant minority to over 70%.

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AVELLUM Advises Altran on Acquisition of Lohika

September 2016. Press Releases by Avellum (view listing).

Kyiv, 5 September 2016 – AVELLUM advised Altran, a global leader in innovation and high‐tech engineering consulting, on the acquisition of Lohika, a software engineering services firm.

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AVELLUM Advised Allergan in Connection with a Global Sale of Part of Allergan’s Business to Teva

September 2016. Press Releases by Avellum (view listing).

Kyiv, 4 August 2016 – AVELLUM advised Allergan Inc. in connection with the divestiture of its global generic pharmaceuticals business to Teva Pharmaceutical Industries Ltd through a complex cross-border carve-out.

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Avellum Wins Law Firm of the Year in Banking and Finance and Debt Restructuring Awards

May 2016. Press Releases by Avellum (view listing).

Avellum was named “Banking and Finance Law Firm of the Year” and “Debt Restructuring Law Firm of the Year” at the X Ukrainian Annual Legal Awards Ceremony, which took place on 24 May 2016 at InterContinental Hotel in Kyiv.

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Avellum Advises the Ministry of Finance of Ukraine on Restructuring of Ukravtodor’s Debt

May 2016. Press Releases by Avellum (view listing).

Avellum acted as Ukrainian counsel to the Ministry of Finance of Ukraine (i) on the restructuring of state guaranteed loan from VTB Capital to Ukravtodor (“Ukravtodor Loan”) amounting to USD100.8 million, and (ii) on the tap issue of Ukraine’s Notes and GDP-linked Securities to complete the sovereign debt restructuring.

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Avellum Аdvises Canada Pension Plan Investment Board on Acquiring 40% Stake in Glencore Agri

May 2016. Press Releases by Avellum (view listing).

Avellum advised Canada Pension Plan Investment Board (CPPIB) on acquisition by CPPIB of a 40% stake in Glencore Agricultural Products (“Glencore Agri”), estimated at US$6.25 billion. The international law firm Freshfields Bruckhaus Deringer led the transacton at global level, while Avellum advised on Ukrainian law matters.

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Avellum Holds Top Positions in Chambers Europe 2016

May 2016. Press Releases by Avellum (view listing).

Avellum once again was recognised as a leading firm by one of the most prestigious legal directories, Chambers Europe. In the recently released Chambers Europe 2016 Avellum is the only independent Ukrainian law firm ranked in the highest Band 1 in all four practices, which comprise Corporate Finance – Banking and Finance, Capital Markets, Restructuring and Insolvency, and Corporate/M&A.

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Avellum Wins Ukraine Law Firm of the Year by IFLR

May 2016. Press Releases by Avellum (view listing).

Avellum was named Ukraine Law Firm of the Year 2016 at the International Finance Law Review (IFLR) European Awards ceremony in London on 21 April 2016.

Avellum has been honoured for its exceptional work on the most significant restructurings in Ukraine, including the landmark sovereign and sovereign-guaranteed debt restructuring of Ukraine for USD15 billion. This prestigious IFLR award proves that Avellum is on the top of the Ukrainian legal market in the field of corporate finance and debt restructurings in particular. Avellum regularly handles the most high-profile and complex financial transactions in Ukraine involving a cross-border element. In 2015 the total value of transactions Avellum advised on exceeded USD91 billion.

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Avellum Advises Privatbank on the Financial Restructuring of Eurobonds

March 2016. Press Releases by Avellum (view listing).

Avellum acted as Ukrainian legal advisor to PJSC Commercial Bank “PrivatBank” in connection with the financial restructuring of its loan participation notes.

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Avellum Advised on the Approval by the NBU of Acquisition of Qualifying Shareholding in CB "Center"

March 2016. Press Releases by Avellum (view listing).

Avellum acted as the Ukrainian legal counsel to Mr. Hamed Alikhani in connection with the approval by the National Bank of Ukraine of the acquisition of the qualifying shareholding in PJSC “CB “Center”.

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Avellum Advises the Ministry of Finance of Ukraine on Restructuring of Sovereign-Guaranteed Loans

March 2016. Press Releases by Avellum (view listing).

Avellum acted as Ukrainian counsel to the Ministry of Finance of Ukraine on the restructuring of three sovereign-guaranteed loans.

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Аvellum Partners Advises on the City of Kyiv’s Eurobonds Restructuring

January 2016. Press Releases by Avellum (view listing).

Kyiv, 31 December 2015 - Avellum Partners acted as Ukrainian counsel to the City of Kyiv on the restructuring of its USD250 million 8% Loan Participation Notes due 2015 (the “2015 Notes”) and USD300 million 9.375% Loan Participation Notes due 2016 (the “2016 Notes”).

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Avellum Advised UniCredit Group on Signing of Agreements for Disposal of Shares in Ukrsotsbank

January 2016. Press Releases by Avellum (view listing).

Kyiv, 18 January 2016 - Avellum Partners advised UniCredit Group on Ukrainian law matters in connection with the signing of agreements for the disposal of shares in PJSC “Ukrsotsbank” in favour of Alfa Group.

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Avellum Partners advised Raiffeisen Bank International AG and PJSC Raiffeisen Bank Aval

December 2015. Press Releases by Avellum (view listing).

Avellum Partners acted as the legal counsel to Raiffeisen Bank International AG and PJSC Raiffeisen Bank Aval in connection with the acquisition by the European Bank for Reconstruction and Development (EBRD) of 30 per cent of shares in PJSC Raiffeisen Bank Aval, one of the leading universal banks in Ukraine.

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Avellum Partners Advises on Ukraine’s USD15 Billion Sovereign Debt Restructuring

December 2015. Press Releases by Avellum (view listing).

Avellum Partners acted as Ukrainian counsel for the Ministry of Finance of Ukraine on the restructuring of thirteen sovereign and sovereign-guaranteed Eurobonds with an outstanding principal of approximately USD15 billion.

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Avellum Partners Advised Mohawk on USD1.2 bn Acquisition of IVC Group

October 2015. Press Releases by Avellum (view listing).

Kyiv, 5 October 2015 – Avellum Partners advised Mohawk Industries, Inc. in connection with obtaining merger control clearance from the Antimonopoly Committee of Ukraine for the acquisition of the IVC Group. The estimated transaction value is USD1.2 billion, which is a combination of cash and equity.

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Avellum strengthens its Dispute Resolution practice with hire of new partner, Dmytro Marchukov

September 2015. Press Releases by Avellum (view listing).

Avellum Partners welcomes Dmytro Marchukov as the new Partner and the Head of Dispute Resolution Practice.

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New Counsel and Senior Associates Appointed at Avellum Partners

July 2015. Press Releases by Avellum (view listing).

Kyiv, 7 July 2015 – The partners of Avellum are pleased to announce Counsel and Senior Associate promotions across the range of key practice areas effective 1 July 2015.

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Avellum Partners Advised MHP on Exchange of Its Russian Assets for Agrokultura in Ukraine

June 2015. Press Releases by Avellum (view listing).

Kyiv, 12 June 2015 – Avellum Partners advised MHP S.A. in connection with the exchange of grain growing assets “Voronezh Agro” in Voronezh region of the Russian Federation for “Agrokultura” in Lviv, Ternopil and Ivano-Frankivsk regions, Ukraine.

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Avellum Partners Advised Ferrexpo on Exchange Offer in Respect of USD500 Million Notes Due 2016

April 2015. Press Releases by Avellum (view listing).

Kyiv, 13 March 2015 – Avellum Partners acted as Ukrainian legal counsel to Ferrexpo in connection with the exchange offer in respect of outstanding USD500 million 7.875% guaranteed notes due 2016 issued by Ferrexpo Finance plc. This exchange offer was coupled with the new issue of USD160.7 million 10.375% guaranteed amortising notes due 2019 and a 25% cash consideration.

 

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Avellum Partners Is Shortlisted for European Tax Awards 2015

April 2015. Press Releases by Avellum (view listing).

Kyiv, 3 April 2015 – Avellum Partners is proud to announce that our Tax Practice has been shortlisted for European Tax Awards by International Tax Review, a highly reputable international magazine for tax professionals published by Euromoney Plc. In particular, we were shortlisted for Ukraine Tax Firm of the YearUkraine Transfer Pricing Firm of the Year and Best Newcomer.

 

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Avellum Partners Advised on Ukrainian Merger Control Aspects of Lafarge Holcim Planned Merger

February 2015. Press Releases by Avellum (view listing).

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.

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Avellum Partners Advised FUIB on Successful Consent Solicitation

February 2015. Press Releases by Avellum (view listing).

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.

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Avellum Partners Advised Nadezhda Group on Corporate Restructuring

January 2015. Press Releases by Avellum (view listing).

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").

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Avellum Partners Advised on Exchange Offer of Metinvest

January 2015. Press Releases by Avellum (view listing).

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.

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Avellum Partners Advised Lafarge Group on Selling One of Its Cement Plants in Russia

December 2014. Press Releases by Avellum (view listing).

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.

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Avellum Partners Advised ING Bank N.V. on USD100 million Pre-Export Loan Facility to MHP Group

December 2014. Press Releases by Avellum (view listing).

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").

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Avellum Partners’ Tax Practice Recommended by International Tax Review

November 2014. Press Releases by Avellum (view listing).

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.

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Avellum Partners Advised Ferrexpo on Three Export Financing Credits

October 2014. Press Releases by Avellum (view listing).

Kyiv, 11 August 2014 - Avellum Partners announced that it has acted as the Ukrainian legal counsel to Ferrexpo in connection with the following three export financing credits:

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Avellum Partners Advised Ferrexpo in connection with Acquisition of Rail Facilities

October 2014. Press Releases by Avellum (view listing).

Kyiv, 2 September 2014 – Avellum Partners announced that it has acted as the Ukrainian legal counsel to Ferrexpo in connection with the acquisition of an electrified railway of over two kilometers long and a power line. 

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Avellum Partners Acted for Sellers of FMCG Producer

October 2014. Press Releases by Avellum (view listing).

Kyiv, 5 September 2014 – Avellum Partners acted as the legal counsel to the owners of a leading Ukrainian FMCG producer in connection with its sale to a private investor. The transaction included cash-out and cash-in elements. The cash-in element was aimed to decrease the financial leverage of the target. The parties agreed not to disclose details of the transaction.

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Law Firms Avellum Partners and Freshfields Bruckhaus Deringer LLP Won in the LCIA Arbitration

October 2014. Press Releases by Avellum (view listing).

Kyiv, 6 August 2014 – Law Firms Avellum Partners and Freshfields Bruckhaus Deringer LLP (Frankfurt am Main) successfully represented one of the largest Ukrainian producers of fish and fish products in the LCIA arbitration proceedings arising out of the ISDA Agreement against member of a leading emerging markets investment bank in connection with a number of transactions executed by it on behalf of the client.

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Avellum Partners Closed Five Finance Deals in Q4 2013 and Q1 2014

September 2014. Press Releases by Avellum (view listing).

Kyiv, 26 May 2014 - Avellum Partners reported that, during Q4 2013 and Q1 2014, it closed the following finance deals.

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Avellum Partners advises on sale of Lafarge’s cement business in Ukraine to CRH plc

October 2013. Press Releases by Avellum (view listing).

Kyiv, 2 October 2013 - Avellum Partners announces today that it acted as a legal counsel to Lafarge Group on the sale of its cement business in Ukraine for an enterprise value of EUR96 million to CRH plc, the international building materials group. This business comprises one wet process cement plant "Mykolaivcement", which is located in Lviv region.  Avellum Partners also assisted Lafarge in obtaining the concentration and concerted actions approvals from the Antimonopoly Committee of Ukraine ("AMC") for the above mentioned transaction.

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Avellum Partners advises Donetsksteel on USD500 million syndicated pre-export finance facility

August 2013. Press Releases by Avellum (view listing).

Kyiv, 19 August 2013 - Avellum Partners acted as Ukrainian legal counsel to Donetsksteel group in connection with USD500 million syndicated pre-export finance facility extended by ING Bank N.V., PJSC ING Bank Ukraine, Unicredit Bank AG, PJSC Ukrsotsbank, VTB Bank (France) SA, VTB Bank (Deutschland) AG, Raiffeisen Bank International AG, PJSC Raiffeisen Bank Aval, East-West United Bank S.A.

 

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International Tax Review’s Tax Controversy Leaders 2013 recognizes three attorneys of Avellum Part

August 2013. Press Releases by Avellum (view listing).

Kyiv, 20 August 2013 - Avellum Partners is proud to announce that three Firm's attorneys, in particular, Partners Kostiantyn Likarchuk and Mykola Stetsenko, as well as tax associate Vadim Medvedev, were recognized as leaders in the area of tax controversy in Ukraine by the International Tax Review's Tax Controversy Leaders 2013 ("Guide").



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Avellum Partners Celebrates Four Years of its Establishment

July 2013. Press Releases by Avellum (view listing).

Dear Friends,

Today we celebrate the 4th year of establishment of Avellum Partners. We would like to share this moment with you and thank you for your support and enthusiasm throughout this year. It was another remarkable year of tremendous achievements for our Firm.

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Avellum Partners - Best Banking and Finance Law Firm of the Year in Ukraine

May 2013. Press Releases by Avellum (view listing).

Kyiv, 29 May 2013 – Law Firm “Avellum Partners” was announced the winner in the “Best Banking and Finance Law Firm of the Year” award category at the Legal Awards 2013 ceremony held by Yuridicheskaya Praktika on 28 May 2013 at Hyatt Regency Kiev.

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Avellum Partners advised Kernel Group in connection with binding agreement

April 2013. Press Releases by Avellum (view listing).

Kyiv, 22 April 2013 - Avellum Partners announces today that it acted as the legal counsel to Kernel Holding S.A. in connection with a binding agreement to acquire an 80% interest in a farming business that manages 108,000 hectares of leasehold farmland and operates 100,000 tons of grain storage capacity. The purchase price for the shares is USD68 million.

 

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Avellum Partners advised Kernel Group in connection with binding agreement

April 2013. Press Releases by Avellum (view listing).

Kyiv, 22 April 2013 - Avellum Partners announces today that it acted as the legal counsel to Kernel Holding S.A. in connection with a binding agreement to acquire an 80% interest in a farming business that manages 108,000 hectares of leasehold farmland and operates 100,000 tons of grain storage capacity. The purchase price for the shares is USD68 million.

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Avellum Partners advises on three Eurobond Offerings and two Liability Management Transactions

April 2013. Press Releases by Avellum (view listing).

Kyiv, 18 April 2013 – Avellum Partners is proud to announce that it acted as the Ukrainian law counsel on three Eurobond offerings and two liability management transactions out of Ukraine.

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Avellum Partners speaks on International Tax Seminar

April 2013. Press Releases by Avellum (view listing).

Kyiv, 5 April 2013 - Avellum Partners announces today that it participated in the International Tax Seminar ("Seminar"), jointly organized by IFA Ukraine and IFA Netherlands, which took place on 28 March 2013 in Radisson Blu Hotel.

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Avellum Partners provides comments to OECD discussion draft concerning meaning of “beneficial owne

April 2013. Press Releases by Avellum (view listing).

Kyiv, 25 February 2013 - Avellum Partners is pleased to announce that it participated in public commenting ("Discussion") of the revised proposals concerning the meaning of "beneficial owner" in Articles 10, 11 and 12 of the OECD Model Tax Convention, arranged by the Organisation for Economic Co-operation and Development ("OECD").

 

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Avellum Partners supports IХ Annual Legal Forum “Development of Legal Services Market in Ukraine"

April 2013. Press Releases by Avellum (view listing).

Kyiv, 4 March 2013 – Avellum Partners announces today that it sponsored and participated in the IХ Annual Legal Forum “Development of Legal Services Market in Ukraine” (“Forum”), which took place on 22 February 2013 at the Intercontinental Hotel Kyiv. The Forum was arranged by the Ukrainian Bar Association.

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Avellum Partners Supports 2013 Jessup Competition

April 2013. Press Releases by Avellum (view listing).

Kyiv, 6 March 2013 - Avellum Partners supported the Ukrainian National Championship of 2013 Philip C. Jessup International Law Moot Court Competition, which was held on 15-17 February 2013.  Avellum Partners' associates Yuriy Nechayev, Vadim Medvedev, Mykyta Nota, Artem Shyrkozhukhov, Oleksandr Polonyk, and Anna Melnychuk served as judges of this competition. 

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Avellum Partners advises Russ Outdoor

April 2013. Press Releases by Avellum (view listing).

Kyiv, 21 March 2013 - Avellum Partners acted as the Ukrainian legal counsel to Russ Outdoor, a member of VTB Capital group, in connection with the merger of Russ Outdoor and the Russian advertising business of JCDecaux, one of the world's leading outdoor advertising companies ("Merger"). In this transaction, Avellum Partners also advised VTB Capital on Ukrainian competition law and merger clearance matters related to the Merger.

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Avellum Partners advises on sale of Karavan Real Estate Limited

April 2013. Press Releases by Avellum (view listing).

Kyiv, 25 March 2013 - Avellum Partners announces today that it acted as a legal counsel to shareholders of Karavan Real Estate Limited ("KREL"), a leader of the Ukrainian real estate market, on the sale of their shares to DCH Group, one of the largest Ukrainian developers, Citi Venture Capital International and Apollo.

Financial details of the transaction were not disclosed.

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Avellum Partners advises Kernel Holding S.A. in connection with RUR1,700,000,000 term loan facility

December 2012. Press Releases by Avellum (view listing).

Kyiv, 5 November 2012 – Avellum Partners acted as Ukrainian legal counsel to Kernel Holding S.A. (“Kernel”) in connection with RUR1,700,000,000 (approx. USD54 million) term loan facility (the “Loan”) to Trading Company “Russian Oils” LLC, a member of Kernel Group, extended by a leading European bank.

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Kostiantyn Likarchuk was elected to the Board of the Ukrainian Arbitration Association

December 2012. Press Releases by Avellum (view listing).

Kyiv, 7 November 2012 – In September 2012, the initiative group of Ukrainian and foreign experts in international arbitration founded the Ukrainian Arbitration Association to unite lawyers (irrespective of their nationality or place of residence) who are professionally engaged or interested in international arbitration.

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Avellum Partners advises on sale of Odeko to Volia

December 2012. Press Releases by Avellum (view listing).

Kyiv, 31 October 2012 – Avellum Partners announces today that it acted as a legal counsel to PPF Partners on the sale of its shares in Odeko Group, one of the largest cable TV providers in Ukraine, to Volia Group. Avellum Partners also assisted PPF Partners in the preparation for filing to obtain the concentration approval from the Antimonopoly Committee of Ukraine (“AMC”) for the above mentioned transaction.

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Avellum Partners advised EBRD on USD20 million loan facility to Agrofusion

December 2012. Press Releases by Avellum (view listing).

Kyiv, 17 October 2012 – Avellum Partners announced that it acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development, the largest financial investor in Ukraine (“EBRD”), in connection with the USD20 million loan facility to Agrofusion.

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Avellum Partners advised ING Bank N.V. on USD100 million Pre-Export Loan Facility to Myronivsky Hlib

December 2012. Press Releases by Avellum (view listing).

Kyiv, 25 September 2012 – Avellum Partners announces today that it acted as the Ukrainian legal counsel to ING Bank N.V. (“ING”) in connection with a USD100 million sunflower oil pre-export loan facility (the “Loan”) to Myronivsky Hliboproduct Group (“MHP”).

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Avellum Partners advised ING Bank N.V. on USD100 million Pre-Export Loan Facility to MHP

November 2012. Press Releases by Avellum (view listing).

Kyiv, 25 September 2012 - Avellum Partners announces today that it acted as the Ukrainian legal counsel to ING Bank N.V. ("ING") in connection with a USD100 million sunflower oil pre-export loan facility (the "Loan") to Myronivsky Hliboproduct Group ("MHP").

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Glib Bondar and Mykola Stetsenko are among Top 10 Lawyers according to KyivPost’s Annual Ranking

November 2012. Press Releases by Avellum (view listing).

Kyiv, 19 September 2012 - Avellum Partners is proud to announce that two of its partners - Glib Bondar and Mykola Stetsenko - were recognized among 10 best lawyers of Ukraine according to the KyivPost's annual ranking of the Top 10 Legal Stars. This ranking was compiled by surveying more than 40 leading law firms. The criteria included reputation, legal insight, and experience.

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Avellum Partners advised EBRD on USD20 million loan facility to Agrofusion

November 2012. Press Releases by Avellum (view listing).

Kyiv, 17 October 2012 - Avellum Partners announced that it acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development, the largest financial investor in Ukraine ("EBRD"), in connection with the USD20 million loan facility to Agrofusion.

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Avellum Partners advises on sale of Odeko to Volia

November 2012. Press Releases by Avellum (view listing).

Kyiv, 31 October 2012 – Avellum Partners announces today that it acted as a legal counsel to PPF Partners on the sale of its shares in Odeko Group, one of the largest cable TV providers in Ukraine, to Volia Group. Avellum Partners also assisted PPF Partners in the preparation for filing to obtain the concentration approval from the Antimonopoly Committee of Ukraine (“AMC”) for the above mentioned transaction.

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Avellum Partners advises Kernel Holding S.A. in connection with RUR1,700,000,000 term loan facility

November 2012. Press Releases by Avellum (view listing).

Kyiv, 5 November 2012 - Avellum Partners acted as Ukrainian legal counsel to Kernel Holding S.A. ("Kernel") in connection with RUR1,700,000,000 (approx. USD54 million) term loan facility (the "Loan") to Trading Company "Russian Oils" LLC, a member of Kernel Group, extended by a leading European bank.

The Loan funds will be used by Kernel for working capital purposes.

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Avellum Partners advised Kernel Group in connection with call option...

July 2012. Press Releases by Avellum (view listing).

for 100% stake in farming company

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AVELLUM PARTNERS CELEBRATES THREE YEARS OF ITS ESTABLISHMENT

July 2012. Press Releases by Avellum (view listing).

Today we celebrate the third year of establishment of Avellum Partners. We would like to share this moment with you and thank you for your support and enthusiasm throughout this year. It was a truly remarkable year of tremendous achievements for our Firm.

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Avellum Partners advised Kernel Group in connection with...

July 2012. Press Releases by Avellum (view listing).

USD125 million secured loan facility from leading European banks

Kyiv, 6 July 2012 - Avellum Partners announced that it acted as the Ukrainian legal counsel to Kernel Group in connection with a USD125,000,000 secured loan facility (the "Loan") to Kernel Holdings S.A. and Estron Corporation Limited, extended by leading European banks.

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Avellum Partners advised on the UAH200 million offering of domestic bonds by...

July 2012. Press Releases by Avellum (view listing).

 LLC “Burat-Agro”, Ukrainian subsidiary of Industrial Milk Company S.A

Kyiv, 4 July 2012 – Avellum Partners announced that it acted as the Ukrainian legal counsel in connection with the UAH200 million (USD25 million) offering of domestic bonds by LLC “Burat-Agro”, a Ukrainian subsidiary of Industrial Milk Company S.A. (IMC), one of the largest milk producers in Ukraine (the “Offering”) on two Ukrainian stock exchanges – PFTS and the Perspektiva Stock Exchange. 

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Avellum Partners advised Kernel Group in connection with ...

May 2012. Press Releases by Avellum (view listing).

 USD100 million secured medium term loan facility

Kyiv, 21 May 2012 – Avellum Partners announced that it acted as the Ukrainian legal counsel to Kernel Group in connection with a USD100 million secured medium term loan facility (the “Loan”) to Kernel Trade LLC, a member of Kernel Group, extended by ING Bank N.V. and PJSC Ukrsotsbank. The Loan will be used to refinance the acquisition of Black Sea Industries, an oilseed crushing plant.

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AVELLUM PARTNERS WON CHAMBERS EUROPE AWARD FOR EXCELLENCE 2012

May 2012. Press Releases by Avellum (view listing).

Kyiv, 15May 2012 – Avellum Partners is proud to inform that it has won the Chambers Europe Award for Excellence 2012 for Ukraine and was recognized as Ukraine Law Firm of the Year. The award ceremony was held in Amsterdam on 10 May 2012.

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Avellum Partners advises on the establishment of a joint venture with a...

May 2012. Press Releases by Avellum (view listing).

TOP-5 Ukrainian beer producer

Kyiv, 27 April 2012 – Avellum Partners announces today that it acted as the Ukrainian legal counsel to Oasis Group in connection with the establishment of a joint venture with Persha Pryvatna Brovarnya (First Private Brewery) (“PPB”), one of the leading beer producers in Ukraine. Avellum Partners also assisted Oasis Group to obtain concentration approvals from the Antimonopoly Committee of Ukraine (“AMC”) for the above mentioned transaction. 

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Avellum Partners advises on the establishment of a joint venture with a...

April 2012. Press Releases by Avellum (view listing).

TOP-5 Ukrainian beer producer

Kyiv, 27 April 2012 – Avellum Partners announces today that it acted as the Ukrainian legal counsel to Oasis Group in connection with the establishment of a joint venture with Persha Pryvatna Brovarnya (First Private Brewery) (“PPB”), one of the leading beer producers in Ukraine.

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Avellum Partners advises SECURE Management on its USD8 mln investment to Aisi Realty Public Limited

April 2012. Press Releases by Avellum (view listing).

Avellum Partners announces today that it acted as the Ukrainian legal counsel to SECURE Management (South East Continent Unique Real Estate Management) (“SECURE Management”) in connection with its USD8 million investment into Aisi Realty Public Limited (“Aisi”), a property investment company focusing on development projects and related investments in Ukraine.

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Avellum Partners advises on sale of Into-Sana Group

April 2012. Press Releases by Avellum (view listing).

Kyiv, 12 April 2012 – Avellum Partners announces today that it acted as the legal counsel to owners of Into-Sana Group in connection with the sale of their shares to Russia Partners, one of the oldest and largest private equity firms in Russia and the CIS with over USD1 billion of assets under management.

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Avellum Partners Supports 2012 Jessup Competition

April 2012. Press Releases by Avellum (view listing).

Kyiv, 6 April 2011 – Avellum Partners supported the Ukrainian National Championship of 2012 Philip C. Jessup International Law Moot Court Competition, which was held on 10–12 February 2012.

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Avellum Partners is a First Tier Firm by Legal500 2012

April 2012. Press Releases by Avellum (view listing).

Kyiv, 6 April 2012 – Avellum Partners is proud to announce that its core practices – arbitration, banking and finance, corporate/M&A, and real estate – were named among the best in Ukraine by one of the most prestigious legal directories, Legal500. According to the edition, the clients and experts highly praise Avellum Partners and its team.

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Avellum Partners inspired and judged the National Competition on International Arbitration

April 2012. Press Releases by Avellum (view listing).

Kyiv, 2 April 2012 – Avellum Partners supported the National Competition on International Arbitration (the “Competition”), which was held under the auspices of the European Arbitration Chamber, with Avellum Partners' Associates Mykyta Nota and Artem Shyrkozhukhov serving as judges of the Competition. Furthermore, Mykyta Nota was also an author of the idea of the Competition.

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Avellum Partners has been named as one of the leading law firms for Banking & Finance and M&A in...

April 2012. Press Releases by Avellum (view listing).

Ukraine by Chambers Global

Kyiv, 29 March 2012 – Avellum Partners is proud to announce that its core practices – corporate/M&A and banking and finance – were named among best in Ukraine by one of the oldest and most prestigious legal directories, Chambers Global.  

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Avellum Partners’ Capital Markets Practice Has Been Recommended by PLC Which Lawyer?

March 2012. Press Releases by Avellum (view listing).

Kyiv, 20 March 2012 – Avellum Partners is proud to announce that its Capital Markets practice has been recommended by one of the most reputable international legal directories, PLC Which lawyer?

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Avellum PartAners advises Kernel on $25 mln OPIC-backed loan from Citibank

March 2012. Press Releases by Avellum (view listing).

Kyiv, 2 March 2012 – Avellum Partners announced that it acted as Ukrainian legal counsel to Kernel Group in connection with USD25 million long term investment loan (the “Loan”) arranged by Citibank, N.A. (“Citibank”) under a proprietary risk-sharing program with the U.S. Overseas Private Investment Corporation (“OPIC”) with the benefit of the OPIC guarantee. OPIC is the US Government’s development finance institution.

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Avellum Partners signed Declaration on Responsible Partnership

January 2012. Press Releases by Avellum (view listing).

Kyiv, 25 January 2012 – Avellum Partners is proud to announce that it joined the initiative on ethical business conduct by signing the Declaration on Responsible Partnership (the “Declaration”). According to the Declaration, the companies-signatories undertake to work primarily with partners and suppliers, who conduct their business transparently and fairly, comply with human rights, including in the area of labor relationships, and adhere to standards of environmental protection.

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Avellum Partners advises Interpipe on its USD887 million credit portfolio restructuring

January 2012. Press Releases by Avellum (view listing).

Kyiv, 24 January 2012 – Avellum Partners announced that it acted as the Ukrainian legal counsel to Interpipe in connection with the restructuring of its USD887 million credit portfolio.

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AVELLUM PARTNERS ADVISED ARRANGERS ON USD100 MILLION SYNDICATED SECURED LOAN FACILITY TO...

January 2012. Press Releases by Avellum (view listing).

MILKILAND GROUP

Kyiv, 16 January 2012 – Avellum Partners announced today that it acted as Ukrainian legal counsel to The Royal Bank of Scotland plc, UniCredit Bank AG, London Branch, Raiffeisen Bank International AG and ZAO Raiffeisenbank, acting as mandated lead arrangers (the “Arrangers”), in connection with a USD100 million syndicated secured term loan facility (the “Loan”) to Milkiland N.V., a Dutch holding company for Milkiland Group.  

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AVELLUM PARTNERS ADVISES KERNEL ON ACQUISITION OF ENSELCO

January 2012. Press Releases by Avellum (view listing).

Kyiv, 23 December 2011 – Avellum Partners announces today that it acted as the legal counsel to Kernel Holding S.A. (“Kernel”) in connection with its acquisition of 100% stake in Enselco, a farming company managing 29,300 ha of leasehold farmland.

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Avellum Partners advises Groumon Development Limited on acquisition of KDD Group N.V.

December 2011. Press Releases by Avellum (view listing).

Kyiv, 19 December 2011 – Avellum Partners announces today that it acted as the legal counsel to Groumon Development Limited in connection with its acquisition of 68.26% stake in KDD Group N.V. (“KDD Group”). The transaction value amounts to USD16 million.

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AVELLUM PARTNERS SPEAKS ON BANK ACQUISITIONS AND BANK CONSOLIDATION IN UKRAINE

December 2011. Press Releases by Avellum (view listing).

Kyiv, 9 December 2011 – Avellum Partners announces today that it delivered a knowledge seminar on “Bank Acquisitions and Bank Consolidation” at the American Chamber of Commerce in Ukraine (the “Chamber”) on 17 November 2011 (the “Seminar”).

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Avellum Partners Won The Lawyers World Annual Jurisdiction Awards 2011 In Two Categories

December 2011. Press Releases by Avellum (view listing).

Kyiv, 14 December 2011 – Avellum Partners is proud to announce that is was named the winner of the Lawyers World Annual Jurisdiction Awards 2011. The firm was praised in two categories: Capital Markets Law Firm of the 2011 Year and Project Finance Law Firm of the 2011 Year.  

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AVELLUM PARTNERS IS A WINNER OF THE LAWYER MONTHLY LEGAL AWARDS 2011 IN THREE CATEGORIES

December 2011. Press Releases by Avellum (view listing).

Kyiv, [] December 2011 – Avellum Partners is proud to announce that is has won in three categories of the Lawyer Monthly Legal Awards 2011, in particular the firm received at once the trophies of the “Deal Maker of The Year in Ukraine”, the “Corporate Finance Boutique Law Firm of the Year”, and the “Capital Markets Law Firm of the Year in Ukraine” awards.

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AVELLUM PARTNERS – UKRAINIAN LAW FIRM OF THE YEAR

December 2011. Press Releases by Avellum (view listing).

Kyiv, [] December 2011 – Avellum Partners is proud to announce that is has won the Acquisition International Legal Award 2011 – Ukrainian Law Firm of the Year. The award was instituted by Acquisition International magazine (“AI”) and it achieved over 7,000 nominations across 48 categories. The nominations were fiercely fought for and hard won.

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INTERNATIONAL YOUTH FORUM “LEADERSHIP IN LAW”

November 2011. Press Releases by Avellum (view listing).

Kyiv, 15 November 2011 – Avellum Partners acted as a general partner of the first international youth forum “Leadership in Law”, which was held on 13 November 2011 at the Academy of Advocacy of Ukraine (the “Forum”).

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AVELLUM PARTNERS ADVISED PRIVATBANK

November 2011. Press Releases by Avellum (view listing).

AVELLUM PARTNERS ADVISED PRIVATBANK IN CONNECTION WITH A TERM LOAN FACILITY FROM GARANTIBANK INTERNATIONAL N.V.

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AVELLUM PARTNERS ADVISED RABOBANK

November 2011. Press Releases by Avellum (view listing).

AVELLUM PARTNERS ADVISED RABOBANK IN CONNECTION WITH EXPORT CREDIT AGENCY-BACKED LOAN TO UKRAINIAN CONFECTIONARY FACTORY

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Avellum Partners Speaks on Ukrainian Legal Aspects of a Successful IPO

November 2011. Press Releases by Avellum (view listing).

Kyiv, 14 November 2011 – Avellum Partners announces today that it participated in a complimentary seminar “Listing your company in London”, arranged by PwC and London Stock Exchange, which took place on 9 November 2011 in Hyatt Regency Kiev (the “Seminar”). The Seminar was dedicated to capital raising opportunities in London. During the Seminar the panel of experts from PwC, the London Stock Exchange, Citi, Freshfields, Renaissance Capital, and Avellum Partners discussed the prospects, challenges and choices available to Ukrainian companies considering listing in London.

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Avellum Partners advised EBRD on USD10 million loan facility to Kerameya

November 2011. Press Releases by Avellum (view listing).

Kyiv, 4 November 2011 – Avellum Partners announces today that it acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with the USD10 million loan facility to Limited Liability Company “Kerameya” (“Kerameya”), a leading producer of clinker bricks and pavers in Ukraine and the CIS.

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AVELLUM PARTNERS ADVISES KERNEL ON ACQUISITION OF RUSSIAN OILS

October 2011. Press Releases by Avellum (view listing).

Kyiv, 12 October 2011 – Avellum Partners announces today that it acted as the legal counsel to Kernel Holding S.A. (“Kernel”) in connection with its acquisition of 100% stake in Russian Oils, an oilseed crusher in Russia, for a USD60 million enterprise value and cash consideration in the range of USD15 million.

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AVELLUM PARTNERS ADVISES KERNEL GROUP

October 2011. Press Releases by Avellum (view listing).

Kyiv,6 October 2011 – Avellum Partners announces today that it acted as Ukrainian legal counsel to Kernel Group in connection with a USD100 million term loan facility (the “Loan”) to Inerco Trade S.A., a member of Kernel Group, extended by a leading European bank. The Loan is secured by the guarantee (sureties) from the holding company and certain subsidiaries of Kernel Group. 

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Avellum Partners advised ING Bank N.V.

September 2011. Press Releases by Avellum (view listing).

Avellum Partners advised ING Bank N.V. on USD70 Million Pre-Export Revolving Loan Facility to Myronivsky Hliboproduct Group

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AVELLUM PARTNERS ADVISES OASIS GROUP ON ACQUISITION OF RADOMYSHL BREWERY

September 2011. Press Releases by Avellum (view listing).

Kyiv, 31 August 2011 – Avellum Partners announces today that it acted as the legal counsel to Oasis Group in connection with its acquisition of approximately 100% of shares of Public Joint Stock Company “Radomyshl Brewery” and its trading company, Limited Liability Company “Group of Companies “Ridna Marka” (the “Group”). Avellum Partners also assisted Oasis Group to obtain merger control clearance from the Antimonopoly Committee of Ukraine (“AMC”) for the above mentioned acquisition.

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AVELLUM PARTNERS ADVISES UPD IN CONNECTION WITH USD60 MLN SYNDICATED LOAN FACILITY

August 2011. Press Releases by Avellum (view listing).

Avellum Partners announces today that it acted as Ukrainian legal counsel to UPD (Ukrainian Property Development) Holdings Ltd (“UPD”) in connection with a USD60 million syndicated secured guaranteed loan facility arranged by Bank of America N.A., London Branch secured by a guarantee from a major Russian bank and certain assets of UPD’s Ukrainian project companies.

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AVELLUM PARTNERS ADVISES JOINT LEAD MANAGERS ON USD300 MILLION EUROBOND OFFERING BY THE CITY OF KYIV

July 2011. Press Releases by Avellum (view listing).

Kyiv, 18 July 2011 – Avellum Partners announced today that it has acted as Ukrainian legal counsel to Credit Suisse Securities (Europe) Limited, Deutsche Bank AG, London Branch, LLC VEB Capital and VTB Capital plc as Joint Lead Managers (the “Lead Managers”) in connection with the U.S.$300 million Eurobond offering by the City of Kyiv.

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AVELLUM PARTNERS ADVISES RUTA IN CONNECTION WITH THE INVESTMENT FROM EUROPE VIRGIN FUND

July 2011. Press Releases by Avellum (view listing).

Kyiv,11 July 2011 – Avellum Partners acted as a legal advisor to the founder of the Lutsk-based public joint-stock company VGP, one of the leading Ukrainian producers of hygiene products under trademark “Ruta” (“Ruta”) in connection with the investment from Europe Virgin Fund, a regional private equity fund sponsored by Dragon Capital.

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AVELLUM PARTNERS CELEBRATES TWO YEARS OF ITS ESTABLISHMENT

July 2011. Press Releases by Avellum (view listing).

Dear Friends,
Tomorrow we will celebrate the second year of establishment of Avellum Partners. We would like to share this moment with you and thank you for your support and enthusiasm throughout this year. It was a truly remarkable year of tremendous achievements for our Firm.

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AVELLUM PARTNERS ADVISES UKRLANDFARMING PLC ...

July 2011. Press Releases by Avellum (view listing).

IN CONNECTION WITH USD600 MLN SYNDICATED SECURED TERM LOAN FACILITY

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AVELLUM PARTNERS ADVISED UKRLANDFARMING PLC ON ACQUISITION OF RISE

June 2011. Press Releases by Avellum (view listing).

Kyiv, 24 June 2011 – Avellum Partners announces today that it acted as the legal counsel to the agricultural holding Ukrlandfarming PLC

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AVELLUM PARTNERS ADVISES IFC

June 2011. Press Releases by Avellum (view listing).

IN CONNECTION WITH PARTIAL CONVERSION OF USD10 MLN SUBORDINATED LOAN

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AVELLUM PARTNERS - THE BEST M&A LAW FIRM OF THE YEAR IN UKRAINE

June 2011. Press Releases by Avellum (view listing).

Kyiv, 7 June 2011 – Law Firm “Avellum Partners” was announced the winner in the “Best M&A Law Firm of the
Year” award category at the Legal Awards 2011 ceremony held by Yuridicheskaya Praktika on 1 June 2011 at Hyatt
Regency Kiev.

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NBU GIVES UKRAINIAN BANKS GREEN LIGHT FOR CURRENCY SWAPS

May 2011. Press Releases by Avellum (view listing).

Effective 30 May 2011, by its Resolution No. 111 “On Amendments to Certain Legislative Acts of the National Bank of
Ukraine” dated 13 April 2011 (the “Swap Rules”), the National Bank of Ukraine (the “NBU”) allowed Ukrainian banks
to carry out currency swap transactions defined as “currency transactions".

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AVELLUM PARTNERS ADVISES INDUSTRIAL MILK COMPANY S.A. ON ITS USD29.7 MLN INITIAL PUBLIC OFFERING

May 2011. Press Releases by Avellum (view listing).

Kyiv, 20 May 2011 – Avellum Partners acted as Ukrainian legal counsel to Industrial Milk Company S.A. (“IMC”) on the initial public offering (“IPO”) of its shares on the Warsaw Stock Exchange. In the course of its IPO IMC raised approximately USD29.7 million, placing 7,475,000 shares at USD3,98 per share, which represent 24% of the share capital of IMC.

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AVELLUM PARTNERS ADVISES ON THE SALE OF STAKE IN UKRFINANCE GROUP

April 2011. Press Releases by Avellum (view listing).

Kyiv, 28 April 2011 – Avellum Partners announces today that it acted as the legal counsel to UkrFinance Group
(“UkrFinance Group”) in connection with the investment from Horizon Capital.

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AVELLUM PARTNERS SUPPORTS 2011 JESSUP COMPETITION

April 2011. Press Releases by Avellum (view listing).

Kyiv, 22 April 2011 – Avellum Partners supported the Ukrainian National Championship of 2011 Philip C. Jessup International Law Moot Court Competition, which was held on 11 – 13 February 2011, with Avellum Partners' Managing Partner Mykola Stetsenko and associates Yuriy Nechayev and Mykyta Nota serving as judges of the competition.

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Avellum Partners advises: Establishment of USD1 billion Guaranteed Euro Medium Term Note Programme

February 2011. Press Releases by Avellum (view listing).

Kyiv, 28 February 2011 – Avellum Partners is proud to announce that it acted as the Ukrainian legal counsel to Credit Suisse Securities (Europe) Limited, Deutsche Bank AG, London Branch, ING Bank N.V., London Branch, Sberbank of Russia, The Royal Bank of Scotland plc and VTB Capital plc, who acted as dealers and arrangers (the “Dealers”) in connection with (i) the establishment of the USD1 billion Guaranteed Medium Term Note Programme (the “EMTN Programme”) of Metinvest B.V., the holding company for the major Ukrainian mining and metallurgical holding Metinvest (“Metinvest”) and (ii) the issue of USD750 million 8.75% guaranteed notes (the “Notes”) due 2018 under this EMTN Programme. The Notes are listed and admitted to trading on the Global Exchange Market of the Irish Stock Exchange.

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AVELLUM PARTNERS ADVISES ON THE EUR53 MILLION ACQUISITION OF VAB BANK

February 2011. Press Releases by Avellum (view listing).

Kyiv, 16 February 2011 – Avellum Partners acted as a legal counsel to a group of international investors in connection with the acquisition of 84% stake in VAB Bank from TBIF Financial Services B.V., an indirect subsidiary of Kardan N.V. (the “Transaction”).

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Avellum Partners’ Banking & Finance practice has been recommended by PLC Which Lawyer?

February 2011. Press Releases by Avellum (view listing).

Kyiv, 9 February 2011 – Avellum Partners is proud to announce that its Banking and Finance practice has been recommended by one of the most reputable international legal directories, PLC Which lawyer?

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AVELLUM PARTNERS ADVISES MHP S.A. ON USD188 MILLION OFFERING OF 11.4 MILLION GDRs

January 2011. Press Releases by Avellum (view listing).

Kyiv, 21 January 2011 – Avellum Partners acted as Ukrainian legal counsel to MHP S.A. and its Ukrainian operating companies (“MHP”) on the offering of 11.4 million ordinary shares in the form of Global Depositary Receipts (“GDRs”) in the amount of approximately USD188.6 million.

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AVELLUM PARTNERS ADVISES KERNEL HOLDING S.A. IN CONNECTION WITH USD80 MILLION CREDIT FACILITY

January 2011. Press Releases by Avellum (view listing).

Kyiv, 19 January 2011 – Avellum Partners acted as Ukrainian legal counsel to Kernel Holding S.A. (“Kernel”) in connection with USD80 million credit facility (the “Loan”) from a leading European bank.

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AVELLUM PARTNERS SECURES AMC APPROVAL

January 2011. Press Releases by Avellum (view listing).

AVELLUM PARTNERS SECURES AMC APPROVAL FOR OBTAINING CONTROL OVER THE GROUP OF COMPANIES OPERATING UNDER THE TRADEMARK “INKERMAN”

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ADVISES ON THE ESTABLISHMENT OF THE FIRST LARGE JOINT VENTURE IN THE UKRAINIAN WINE INDUSTRY

January 2011. Press Releases by Avellum (view listing).

Kyiv, 17 January 2011 – Avellum Partners acted as legal advisor to the selling shareholders of the group of companies operating under the trademark “Inkerman” (“Inkerman”) in connection with the sale of the part of their shares and establishment of a joint venture for operation of Inkerman Winery with Hartwall Capital, a Finnish industrial investor, and Horizon Capital, one of the leading private equity investors in Ukraine.

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AVELLUM PARTNERS JOINS THE AMERICAN CHAMBER OF COMMERCE IN UKRAINE

November 2010. Press Releases by Avellum (view listing).

Kyiv, 18 November– Avellum Partners is proud to announce that is became a Member of the American Chamber of Commerce in Ukraine (“Chamber”).

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AVELLUM PARTNERS ADVISES AVANGARDCO INVESTMENTS PUBLIC LIMITED

November 2010. Press Releases by Avellum (view listing).

AVELLUM PARTNERS ADVISES AVANGARDCO INVESTMENTS PUBLIC LIMITED ON ITS USD200 MILLION OFFERING OF 10.0% NOTES DUE 2015

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AVELLUM PARTNERS HAS BEEN NAMED BY IFLR1000 AS ONE OF THE LEADING LAW FIRMS FOR M&A IN UKRAINE

October 2010. Press Releases by Avellum (view listing).

Kyiv, 21 October 2010 – Avellum Partners is proud to announce that only one year after our establishment we have been ranked as one of the leading law firms for mergers and acquisitions in Ukraine by IFLR1000 2011 Edition. 

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AVELLUM PARTNERS ADVISES TOP LEADER BANK

September 2010. Press Releases by Avellum (view listing).

AVELLUM PARTNERS ADVISES TOP LEADER BANK IN UKRAINE ON FIRST POST-CRISIS PRIVATE UKRAINIAN BANK EUROBOND TRANSACTION

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AVELLUM PARTNERS ADVISES DATAGROUP IN CONNECTION WITH USD40 MILLION INVESTMENT FROM HORIZON CAPITAL

August 2010. Press Releases by Avellum (view listing).

Kyiv, 13 August 2010 – Avellum Partners acted as legal advisors to Datagroup, the leading telecommunications provider in Ukraine (“Datagroup”), in connection with USD40 million investment from Horizon Capital, a private equity fund. In this transaction, Horizon Capital, one of the leading private equity investors in Ukraine, acquired a minority stake in Datagroup.

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AVELLUM PARTNERS ADVISES OJSC “MYRONIVSKY HLIBOPRODUCT”

July 2010. Press Releases by Avellum (view listing).

AVELLUM PARTNERS ADVISES OJSC “MYRONIVSKY HLIBOPRODUCT” IN CONNECTION WITH EUR17.4 MILLION HERMES-COVERED CREDIT FACILITIES FROM DEUTSCHE BANK AG

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THE NEW PUBLIC-PRIVATE PARTNERSHIP LEGISLATION IS ADOPTED IN UKRAINE

July 2010. Press Releases by Avellum (view listing).

On 26 July the President of Ukraine Viktor Yanukovych signed the Law “On the Foundations of Cooperation of the State with Private Partners” (the “Law”) which was adopted by the Ukrainian Parliament on 1 July to establish a framework for public-private partnership (“PPP”) in Ukraine. In May 2009 the Parliament already adopted the framework law on PPP, which, however, was later set aside.

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AVELLUM PARTNERS CELEBRATES ONE YEAR OF ITS ESTABLISHMENT

July 2010. Press Releases by Avellum (view listing).

Dear Friends, Today we celebrate the first year of establishment of AVELLUM PARTNERS. We would like to share this moment with you and thank you for your support and enthusiasm throughout this year. This was a truly remarkable year of tremendous achievements for our Firm.

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AVELLUM PARTNERS CELEBRATES ONE YEAR OF ITS ESTABLISHMENT

July 2010. Press Releases by Avellum (view listing).

Dear Friends, Today we celebrate the first year of establishment of AVELLUM PARTNERS. We would like to share this moment with you and thank you for your support and enthusiasm throughout this year. This was a truly remarkable year of tremendous achievements for our Firm.

 

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AVELLUM PARTNERS ADVISES AVANGARDCO INVESTMENTS PUBLIC LIMITED

June 2010. Press Releases by Avellum (view listing).

AVELLUM PARTNERS ADVISES ON THE FIRST UKRAINIAN IPO SINCE THE BEGINNING OF THE GLOBAL FINANCIAL CRISIS.

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AVELLUM PARTNERS ADVISES MHP S.A.

May 2010. Press Releases by Avellum (view listing).

AVELLUM PARTNERS ADVISES MHP S.A. ON ITS EXCHANGE OFFER OF USD 250 MILLION 10.25% SENIOR NOTES DUE 2011 FOR NEW DOLLAR-DENOMINATED SENIOR NOTES DUE 2015

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Avellum Partners advises MHP S.A. on its USD 330 million offering of 10.25% Senior Notes due 2015

May 2010. Press Releases by Avellum (view listing).

Kyiv, 6 May 2010 – Avellum Partners acted as Ukrainian legal counsel to MHP S.A. and its Ukrainian operating companies (“MHP”) on USD330 million offering of 10.25% Senior Notes due 2015 and listing of the Notes on the London Stock Exchange.

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Avellum Partners advises on the sale of Vik Oil Group to Russian-British TNK-BP

April 2010. Press Releases by Avellum (view listing).

Kyiv, 29 January 2010 –Avellum Partners acted as a legal advisor to the shareholders of Vik Oil Group on the sale of the Group’s shares in favor of Russian-British company “TNK-BP”. The parties entered into respective agreement at the end of December 2009, while the closing of the transaction is planned for the 1st quarter of 2010.

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Avellum Partners advises a real estate investor on the acquisition of the 50%+1 share in Sky Mall

April 2010. Press Releases by Avellum (view listing).

Kyiv, 7 April 2010 –Avellum Partners acted as legal advisors to the real estate development investor in connection with the acquisition of the 50% + 1 share in Sky Mall, one of the largest shopping and entertainment centers in Kyiv.

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Legal Developments in Ukraine

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • New Law on LLCs in Ukraine

    The Law of Ukraine On the Limited Liability Companies and Additional Liability Companies passed on 6 February 2018 shall come into force on 17 June 2018. The Law is a positive sign for doing business in Ukraine as it introduces significant changes and innovations in the legal regulation of the establishment and activities of limited liability companies, which are the most numerous and the most popular form of entrepreneurial activity in Ukraine (second only to individual entrepreneurs).
  • The Code of bankruptcy procedure in Ukraine: positives and negatives of the new document

    The Verkhovna Rada registered a draft law on the Code of Bankruptcy Procedure (No. 8060). Among other things, it is noted that such a document will increase the efficiency of bankruptcy procedures, the level of protection of the rights of creditors, improve the procedures for selling debtor property at the auction, increase the level of execution of contracts and court decisions. However, does the text of the document correspond to the stated purpose? 
    - GOLAW
  • CHANGES TO PPA: TO MAKE FINANCIAERS HAPPY

    Over the last few months before January 2018, when the latest changes to the power purchase agreements (PPAs) between State Enterprise “Energorynok” and producers of energy from alternative sources were adopted, more than ten agreements were signed with upgraded conditions set earlier in 2017. In the mentioned agreements, the changes to the PPAs were applied and helped bring Ukraine’s PPAs closer to international standards. Nevertheless, the revised PPAs still have a lot of issues that need to be clarified and further elaborated to make them perfectly bankable, and to make them properly executable.
    - GOLAW
  • Antitrust Compliance Program in Ukraine: Current Status and Development Prospect

    Mykola Stetsenko, Managing Partner, AVELLUM
  • Recent Legal Developments in Renewable Energy Sector

    Glib Bondar, Partner, AVELLUM
  • A Remarkable Year of Restructuring. What Next?

    What happened in 2015 in the world of Ukrainian corporate finance was a reflection of larger scale events in and around Ukraine. In this article, we will share our view of the key events in 2015 in the area of cor-porate finance, highlight the most important legislative and regulatory developments in finance and, based on our experience, make a few suggestions for creditors and debtors on how to navigate through 2016.
  • Enforcement in Ukraine of Interim Orders Issued by Foreign Courts and Arbitral Tribunals

    In the past few years Ukrainian clients have developed an appetite for solving their disputes abroad. Litigation and arbitration sagas involving Ukrainian parties or related to Ukrainian assets often spread across many jurisdictions. In many such sagas various interim reliefs were granted by courts and tribunals.
  • 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.