The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon
38 VOLODYMYRSKA STREET, 4TH FLOOR, 01030 KYIV, UKRAINE
Tel:
Work +380 44 591 3355
Email:
Web:
www.avellum.com

Show all Press releases

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

June 2018

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.

The transaction involved the formation of a joint venture that combines the following activities: (1) facilitating, through a technology application, taxi aggregator services conducted by both groups, and (2) facilitating, through a technology application, food delivery, logistics, and ancillary services, as well as other related activities conducted by Uber.

Joint venture will be active in Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, and Russian Federation.

Herbert Smith Freehills LLP acted as the global legal counsel to Uber.

Uber develops, markets, and operates the Uber car transportation and food delivery mobile apps.

Yandex specialises in Internet-related services and products, as well as in on-demand transportation services.

AVELLUM team was led by managing partner Mykola Stetsenko and senior associate Yaroslav Medvediev, with support from associates, Andrii Gumenchuk and Anton Arkhypov.

Legal Developments by:
Avellum

Legal Developments in Ukraine

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • AVELLUM advises joint lead managers on EUR600 mln and USD335 mln Naftogaz Eurobond issue

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

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

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

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

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

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

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

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

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

    Top managers belong to the category of employees on whom the company efficiency depends, as top managers implement business and corporate policies – strategies, business plans, and projects – and make decisions that will determine the future of company business. Although it is indisputable that business is based on complete trust, effective control mechanisms could hardly be dispensed with. These truisms are well known to everyone. However, as practice shows, sometimes business owners overlook important issues that later lead to financial and reputational risks.