The Legal 500

LEONARDO BUSINESS CENTRE, 19-21 BOHDANA KHMELNYTSKOHO STREET, 01030 KIEV, UKRAINE
Tel:
Work +380 44 230 6000
Web:
www.asterslaw.com
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Ukraine : Banking, finance and capital markets

Within Banking, finance and capital markets, Asters is a second tier firm,

Armen Khachaturyan, Iryna Pokanay and Svitlana Poroschuk at Asters provide ‘excellent service, high professionalism and proactive advice’. Khachaturyan is advising State Road Service of Ukraine on a UAH9.5bn loan facility. Pokanay advised EBRD and the IFC on a $190m secured financing of petroleum distributor Concern Galnaftogaz.

Ukraine : Corporate and M&A

Within Corporate and M&A, Asters is a first tier firm,

Asters provides ‘excellent client service, quality and responsiveness’ through ‘professional, trustworthy and responsible experts’. Oleksiy Didkovskiy, Armen Khachaturyan, Vadym Samoilenko and Oleksandr Padalka are ‘all proactive and provide useful, practical solutions’. Didkovskiy advised private equity fund Russia Partners on its acquisition of Into-Sana Group.

Ukraine : Dispute resolution

Within Dispute resolution, Asters is a first tier firm,

Asters handled Ukraine’s two largest corporate disputes of 2012, including a $433m matter, and also advised clients such as Crédit Agricole and Swedbank. Oleksiy Didkovskiy heads this busy team, which recruited three additional associates.

Ukraine : Intellectual property

Within Intellectual property, Asters is a second tier firm,

Oleksandr Padalka heads Asters’ team, which has ‘hands-on experience’, and is the sole Ukrainian representative of the Global Advertising Lawyers Alliance. Recent work includes advising on software outsourcing for Pearl.com, and handling a patent infringement dispute for a global beverages company.

Ukraine : Real estate and construction

Within Real estate and construction, Asters is a second tier firm,

The ‘practical and hardworking’ Roman Kostenko leads Asters’ ‘efficient, well organised, professional and reasonably priced’ practice, which advised EBRD on the lease of a property in Kiev. Other clients include Green Gas International and Kazakh investor EurAsia. Associate Viktoriya Demydenko is ‘organised, professional and responsible’.

Ukraine : Tax

Within Tax, Asters is a second tier firm,

Asters is ‘highly professional with a deep knowledge of market practice’, and the firm advised Ukrainian National Lottery on tax issues. Oleksiy Didkovskiy, Vadym Samoilenko and Constantin Solyar provide ‘comprehensive analysis, and have deep expertise and experience’.


Legal Developments by:
Asters

  • NBU Introduces Changes to Cross-Border Loan Registration Procedure

    On 15 June 2012, the Board of the National Bank of Ukraine (the "NBU") adopted Regulation No. 246 introducing amendments (the "Amendments") to the procedure of obtainment by residents of foreign-currency loans from non-residents and providing by residents of foreign-currency loans to non-residents (the "Procedure") set forth in NBU Regulation No. 270. The Amendments shall come into force 4 months after the date of registration by the Ministry of Justice, which occurred on 9 July 2012.
    - Asters

Legal Developments in Ukraine

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 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.
  • The International Comparative Legal Guide to: Real Estate 2013. Chapter 38: Ukraine

    This guide provides the international practitioner and in-house counsel with a comprehensive worldwide legal analysis of the laws and regulations of real estate. This article appeared in the 2013 edition of The International Comparative Legal Guide to: Real Estate; published by Global Legal Group Ltd, London. www.iclg.co.uk )
  • Is the Door to England Still That Wide Open for CIS Disputes?

    6 February has marked lawyers’ calendars with an important message from the UK Supreme Court: English courts will not accept the jurisdiction over a dispute having the “centre of gravity” in another country. AstapovLawyers' Managing Partner Andrey Astapov and Associate Anna Kombikova comment on a recent CIS precedent.
  • Time limit for forwarding arbitral award to parties extended

    The Presidium of the Ukrainian Chamber of Commerce and Industry (UCCI) recently amended Article 52 of the Rules of the International Commercial Arbitration Court (ICAC) at the UCCI. This article governs the procedure for forwarding an arbitral award to the parties to arbitration proceedings.
  • Enforcing arbitral awards against Ukrainian bankrupt companies

    Eugene Blinov and Anna Kombikova of AstapovLawyers ILG commented on peculiarities of enforcement of arbitral awards against Ukrainian bankrupt companies. The lawyers noted the risks connected with such cases and suggested possible solutions.
  • Ukraine: National Bank incredibly fast in implementing its new power

    On 6 November 2012, the Ukrainian Parliament adopted changes to the Law of Ukraine "On the Procedure of Carrying-Out Settlements in Foreign Currency", dated 23 September 2004, No. 185/94-BP, as amended, granting the National Bank of Ukraine ("NBU") a power to amend for a term of up to six months the term for cre-diting to the exporters' accounts of currency proceeds under export contracts. These changes to the law entered into force on 17 November 2012. The NBU was extremely fast to implement its new power, passing a Resolution dated 16 November 2012, No. 475 (which entered into force on 19 November 2012).
  • Mitigation of damages in arbitration practice: trite law or space for creativity?

    The mitigation of damages is a well-known principle in international legal practice. However, in Ukraine there is no widely applied court and arbitration practice on the issues relating to mitigation of damages, and aggrieved parties may be unclear as to what should and can be done.
  • Ukraine enables itself to furnish procedural orders of foreign judicial and arbitral authorities

    The Cabinet of Ministers of Ukraine at its meeting on August 29 resolved [1] to amend its Resolution "On approval of the Order for the use of funds allocated in the state budget for payments related to implementation of judgments of foreign jurisdictional authorities rendered upon consideration of matters against Ukraine" (the "Government Resolution").[2] Appropriate amendments were prepared by the Ministry of Justice (responsible for protecting the state's interests in foreign courts and arbitral tribunals) in order to improve mechanisms to protect the rights and interests of Ukraine in foreign judicial and arbitral proceedings.
  • Ukrainian district court allowed attachment of property located in Ukraine on the basis of UK proced

    On 1 June 2012 Goloseevskiy district court of Kyiv city rendered a decision whereby it recognized and enforced the Order of the High Court of Justice Queen Bench Division Commercial Court (Order). As a result, Ukrainian court allowed attachment of Debtor’s assets located in Ukraine.