The Legal 500

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Asters Successfully Represents Credit Agricole Credit and Investment Bank in a Large Debt Collection

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

Asters lawyers have successfully completed collection of a large debt on behalf of Public Joint-Stock Company "Credit Agricole CIB", the Ukrainian subsidiary of Credit Agricole Group. Credit Agricole CIB is one of Ukraine's most reliable banks and a leader in M&a deals in the country, according to Expert rating agency.

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Asters Advises EBRD on a Pioneering Loan to Finance Construction of a Wind Power Plant

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

Asters acted as a legal counsel to the European Bank for Reconstruction and Development (EBRD) in connection with financing arranged by EBRD for Eco-Optima to finance construction of a 12.5 megawatt wind power plant in Starosambirskyi district of Lviv region.

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Asters Wins a Prestigious Client Service Law Firm of the Year Award at the...

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

Asters received the Client Service Law Firm of the Year – Ukraine Award presented at the Chambers Europe Awards for Excellence ceremony held in Amsterdam on 10 May 2012.

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Asters Recognized for Excellence by The Legal 500 EMEA 2012

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

The Legal 500 Europe, Middle East and Africa guide has recently released its 2012 edition. The new edition contains glowing reviews of all of Asters’ key practices. Six of the firm's partners are mentioned as legal experts in the practice areas researched.

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Asters Tops the Ratings for Key Practices in Ukrainian Law Firms 2012: A Handbook for Foreign Client

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

The newly published Ukrainian Law Firms 2012: A Handbook for Foreign Clients (ULF 2012) highlights Asters' leadership in key industries and practices.

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Asters Advises Russia Partners on Acquisition of Into-Sana

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

Asters represented Russia Partners, a private equity investment fund having over USD 1 billion of assets under management, on acquisition of Into-Sana Group, a leading private healthcare and insurance service provider in Southern Ukraine.

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Asters Receives High Rankings from Chambers Global 2012

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

Asters maintains and expands its leading position in key practice areas according to the recently published Chambers Global 2012 Guide, an authoritative market research publication. This year the firm has once again secured high rankings for all practice areas researched and four individual lawyer rankings...

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Asters on the 2012 Guard of Social Responsibility

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

In March, the All-Ukrainian GVardia magazine presented the 2012 rating of the most socially responsible companies, with Asters being the only law firm incorporated into the Ukrainian ranking of openness and consistency in the CSR sphere...

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Asters Advises EBRD in Connection with UkrSibbank's UAH 1.36 billion Share Capital Increase

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

Asters acts as a legal counsel to the European Bank for Reconstruction and Development (EBRD) in connection with EBRD's participation in the additional placement of shares by Public Joint Stock Company UkrSibbank for the total amount of UAH 1.36 billion. UkrSibbank is a Ukrainian subsidiary bank of BNP Paribas Group. It is ranked ninth among existing Ukrainian banks in terms of overall assets as of 1 January 2012 according to the National Bank of Ukraine.

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Former AMC Commissioner and Member of Public Procurement Review Board Joins Asters

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

Oleksandr Voznyuk, a 16-year veteran of the Antimonopoly Committee of Ukraine (AMC), has joined Asters as Counsel to strengthen firm's competition practice. Mr. Voznyuk served as AMC Commissioner for last 7 years and was one of long-standing Members, and most recently the Chair, of the Public Procurement Review Board.

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Asters Shortlisted for Chambers Europe Awards for Excellence 2012

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

Asters has been shortlisted for the Chambers Europe Awards for Excellence 2012 for Ukraine. This selection was made by Chambers & Partners, on the basis of independent research carried out for its annual ranking Chambers Europe 2012. The Award is traditionally given to distinguish law firm's pre-eminence in key practice areas as well as notable achievements over the past 12 months, including outstanding work, impressive strategic growth and excellence in client service...

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Igor Svechkar Named ILO Client Choice Award Winner for Competition in Ukraine

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

Asters partner Igor Svechkar has been named the exclusive International Law Office (ILO) Client Choice Award 2012 Winner for Competition in Ukraine. This is the second time in a row Mr. Svechkar has been honoured with this prestigious accolade...

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Asters Advises the International Finance Corporation on a Cleaner Production Financing to Mriya

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

Asters acts as a legal counsel to the International Finance Corporation (IFC) in connection with a USD 5 million long-term financing to one of the largest agro holdings in Ukraine – the Mriya group of companies.

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Asters Becomes Warsaw Stock Exchange IPO Partner

February 2012. Press Releases by Asters (view listing).

Asters and the Warsaw Stock Exchange (WSE) signed a partnership agreement under the WSE's IPO Partner Program. As a result, the firm received an official certificate and confirming documents. According to the agreement, Asters becomes a WSE IPO Partner and can now offer consultations to Ukrainian companies wanting to place their shares on the Warsaw Stock Exchange.

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Asters Strengthens Tax, Corporate and M&a Practices

February 2012. Press Releases by Asters (view listing).

Asters is pleased to announce that Alexey Khomyakov has joined the firm as counsel specializing in tax, corporate and M&a practices.

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Asters Advises Česká Exportni Banka on the Loan Agreement with Ukrainian Glass Producer

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

Asters acted as a legal advisor to Česká Exportni Banka (CEB), one of the leading Czech banks, in connection with providing USD 11.5 million secured loan to Volnogorskoe steklo Ltd, a major Ukrainian glass producer.

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Asters Advises a Syndicate of Lenders on Interpipe's USD 887 Million Debt Restructuring

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

Asters acted as Ukrainian legal counsel to Barclays Capital, Citigroup, Credit Agricole Corporate and Investment Bank, Intesa Sanpaolo S.p.A. London Branch, ING Bank, N.V. and SACE, an Italian export credit agency, in connection with the restructuring of Interpipe's debt portfolio of USD 887 million. Interpipe is one of Ukraine's largest producers of pipe products and railway wheels, supplied to more than 80 countries all over the world through a chain of commercial offices located in Ukraine, Russia, Kazakhstan, Europe, the USA and the Middle East.

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Asters Tops the List of Ukraine's 50 Best Law Firms in 2011

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

Based on its overall performance in 2011 Asters is Law Firm No.1 in Ukraine according to the results of annual research "50 Leading Law Firms of Ukraine" published by Ukrainian weekly Yuridicheskaya Praktika (Legal Practice) jointly with Publishing House Kommersant-Ukraine on 6 December 2011.

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Asters Advises Etex Group on Acquisition of the Ukrainian subsidiaries of Lafarge SA

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

Asters acted as a Ukrainian legal counsel to Etex Group, a leading international producer of building materials and systems with headquarters in Belgium, in connection with its acquisition of ALC Lafarge Gips and LLC Lafarge Gips Ukraine, which are Ukrainian subsidiaries of Lafarge SA, a top-ranked French manufacturer of building materials, such as cement, concrete and gypsum. Asters' advice included a full-blown due diligence of the Ukrainian companies, structuring the transaction, drafting relevant documentation, and negotiation with the seller.

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Asters Advises Sintal Agriculture on Acquisition of Agrica Agriholding

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

Asters advised Sintal Agriculture, a large agro-industrial holding in Ukraine, on acquisition of 100% of the shares in Agrica agricultural company from Icon Private Equity, a direct investment fund. Asters, jointly with Visum Capital Investment Company, acted as a legal counsel to Sintal Agriculture.

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Asters Advises EBRD on USD 79 million Financing to EMSS

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

Asters advised European Bank for Reconstruction and Development (EBRD) with respect to a USD 79 million loan to EnergoMashSpetsStal (EMSS), one of Ukraine's major machine-building companies, which produces custom-made parts for wind and nuclear power generation units, the steel industry and shipbuilding.

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Vadym Samoilenko and Oleksandr Padalka Received State Awards

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

On 2 September 2011 the Ukrainian House in Kyiv hosted the National Forum and Honorable Reception on the Entrepreneur's Day under the auspices of the Ukrainian National Committee of the International Chamber of Commerce (ICC).

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Armen Khachaturyan, Oleksiy Didkovskiy, Igor Svechkar are Among the Most Renowned Ukrainian Lawyers

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

The newspaper Yuridicheskaya Practika published the 9th issue of the periodical "Ukrainian Law Firms 2011. The Annual Market Survey".

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Asters Advises PRAVEX-BANK on Agreement with IBM

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

Asters counseled PRAVEX-BANK regarding long-term agreement with IBM on maintenance services for a new data center based on an IBM Power® 780 server. Asters' lawyers in cooperation with PRAVEX-BANK legal department provided full-service legal support of the transaction both on the drafting and negotiation stages.

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Asters acted as Ukrainian law counsel to VimpelCom

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

By its subsidiary VimpelCom Holdings B.V.

Asters advised VimpelCom, a leading international telecommunications holding and Kyivstar's parent, on USD 2.2 billion debt financing with 3-year floating rate guaranteed notes, long 5-year guaranteed notes and long 10-year guaranteed notes, all guaranteed by VimpelCom Holdings' subsidiary OJSC "Vimpel-Communications".

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Asters advises PUMB on its merger with Dongorbank

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

Asters acted as a legal counsel to the First Ukrainian International Bank (PUMB) in connection with its merger with Dongorbank. The legal advice on the deal included consulting on the banks reorganization issues, drafting necessary documents, and assistance in coordination of the merger process.

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Asters is a General Partner of Investment Salon Kharkiv 2011

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

Asters acted as a general partner of the Investment Salon Kharkiv 2011 organized by Investment Group Avantazh Capital and Communication Group PRT on 9-10 June 2011. Baker Tilly Ukraine and the Warsaw Stock Exchange also acted as general partners.

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Asters Managing Partner Is On the List of Practitioners of Vienna International Arbitral Centre

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

Oleksiy Didkovskiy, Asters' managing partner, has been included into the List of Practitioners of the International Arbitral Centre of the Austrian Federal Economic Chamber (Vienna International Arbitral Centre – VIAC).

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Asters Partner Elected to the Board of the Ukrainian Bar Association

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

Vadym Samoilenko, Partner of Asters, was elected to the Governing of the Ukrainian Bar Association (UBA) at the General Meeting of UBA held on 10 May in Odessa within the framework of VIII Annual Legal Conference of UBA.

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Asters Advises Molson Coors on Carling Launch in Ukraine

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

Asters advises Molson Coors, a leading global brewer, on Ukrainian contract, IP, and tax law issues as well as currency control regulations pertaining to the agreement with Obolon brewery to brew, package and distribute in Ukraine the UK's most popular beer, Carling.

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Asters Attends the CEE IPO Summit in Warsaw

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

Dmytro Marichev, Counsel and Oleksiy Demyanenko, Associate with Asters attended the 1st Central and Eastern Europe IPO Summit.

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Igor Svechkar Wins the Best Competition Lawyer in Ukraine in National Legal Awards 2011

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

Igor Svechkar, Asters partner chairing the firm's competition practice, has been recognized as the best lawyer in competition by one of the most prestigious awards in Ukraine, Legal Awards 2011 reconfirming his preeminence in this area of practice.

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Asters Advises IFC on $10 million Financing to Euro Leasing

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

Asters acts as a legal counsel to the International Financial Corporation (IFC), a member of World Bank Group, in connection with $10 million long-term debt financing to Ukraine's Euro Leasing company. Euro Leasing is a leading private leasing company in Ukraine and part of Atoll Holding Group.

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Tamara Lukanina Joining Asters as Associated Partner

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

Tamara Lukanina has joined Asters as an Associated Partner at the Banking, Finance and Securities practice group.

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Asters Advises IFC on Financing to Agricultural Producer Mriya

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

Asters acts as a legal advisor to International Financial Corporation (IFC), a member of World Bank Group, in connection with providing a $35 million three-year renewable working capital facility to Mriya.

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Asters is the Most Popular Law Firm for Ukrainian Clients According to Building.ua

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

Voting results of Building.ua, real estate and construction Internet portal, acknowledged Asters as the most in-demand Ukrainian law firm for clients. Portal visitors gave Asters 21% of their votes, selecting the firm from the list of leading Ukrainian law companies operating on the market.


 

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Oleksiy Didkovskiy Recognized as One of Ukraine’s Top Managers

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

Oleksiy Didkovskiy, Asters' managing partner, has been simultaneously acknowledged in two ratings by the Ukrainian independent survey "TOP-100. Best Top Managers of Ukraine". This year the editorial staff studied key styles and distinctive characteristics of the local top-management. The winners were awarded at a gala ceremony in the Opera hotel on 19 April 2011.

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Asters Acknowledged Among Socially Responsible Companies in Ukraine

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

GVardia magazine rated Asters among most socially responsible companies in 2011.

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Asters Shortlisted for Chambers Europe Awards 2011

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

Asters has been shortlisted for the Chambers Europe Awards for Excellence 2011 as one of the leading Ukrainian law firms demonstrating remarkable work, excellent results in key practice areas, and outstanding client service during the past year. The winner of the award will be announced on 5 May 2011 at the Chambers Europe Awards ceremony in Amsterdam. Partner Mr. Igor Svechkar, a leader of firm's Competition practice will represent Asters on the ceremony

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Oleksiy Didkovskiy Nominated Person of the Year 2010 in Nationwide Program

March 2011. Press Releases by Asters (view listing).

Asters managing partner Oleksiy Didkovskiy was nominated in the Lawyer of the Year category of the national program Person of the Year 2010. The results of expert voting were tabulated and the laureates of this year's anniversary program were bestowed respective diplomas during a special reception conducted on 15 March 2011. The selections of those to become laureates are made by the High Academic Council of Ukraine on an annual basis.

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Ukrainian Parliament Passes Amended Procedure of Court Decision Enforcement

March 2011. Press Releases by Asters (view listing).

On 4 November 2010, the Ukrainian Parliament passed a restatement (the "Restatement") of the Enforcement Procedure Law (the "Law") that became effective on 9 March 2011. The Restatement aims at improvement of enforcement of court decisions and cures inconsistencies in the Law.

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Legal Developments by:
Asters

  • New Rules for Arrest of Sea-going Ships Effective in Ukraine

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

Legal Developments in Ukraine

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

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

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

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

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

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

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

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

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

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

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