The Legal 500

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LEONARDO BUSINESS CENTRE, 19-21 BOHDANA KHMELNYTSKOHO STREET, 01030 KIEV, UKRAINE
Tel:
Work +380 44 230 6000
Fax:
Fax +380 44 230 6001
Email:
Web:
www.asterslaw.com

Ukraine

Banking, finance and capital markets
Banking, finance and capital markets - ranked: tier 1

Asters

The ‘extremely business-oriented and responsive’ team at Asters is led by Iryna Pokanay and Armen Khachaturyan. The latter advised Ukraine’s public railway company on restructuring a $500m loan. Counsel Gabriel Aslanian is also recommended.

Leading individuals

Iryna Pokanay - Asters

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

Asters

Oleksiy Didkovskiy, Armen Khachaturyan and Vadym Samoilenko are the key contacts at Asters, which has a strong track record in cross-border and complex M&A deals. Highlights included advising on a multimillion-dollar broadcasting joint venture.

Leading individuals

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Competition
Competition - ranked: tier 1

Asters

Igor Svechkar, Oleksandr Voznyuk and Alexey Pustovit are the key contacts at Asters, which is recommended for its ‘flexibility, high technical quality and creativity’. Svechkar assisted Allergan with obtaining clearance for its merger with Pfizer.

Leading individuals

Igor Svechkar - Asters

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Dispute resolution
Dispute resolution - ranked: tier 1

Asters

Asters’ team is ‘highly attentive, responsive and accessible’. Oleksiy Didkovskiy acted for the Ministry of Finance in a High Court case concerning $3.4bn in eurobonds. Tamara Lukanina and Anna Tkachova are other key names.

Leading individuals
Next generation lawyers

Anna Tkachova - Asters

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Employment
Employment - ranked: tier 1

Asters

Employment planning, collective bargaining, immigration, terminations and disputes are key areas for Asters, where Armen Khachaturyan and Svitlana Chepurna lead the practice. Wizz Air is a key client.

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Energy
Energy - ranked: tier 1

Asters

Top performer in energy lawAsters has ‘deep knowledge and industry expertise’. Armen Khachaturyan, Tamara Lukanina and the ‘personable and proactiveYaroslav Petrov advised Free Energy on renewable projects.

Leading individuals
Next generation lawyers

Yaroslav Petrov - Asters

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Intellectual property
Intellectual property - ranked: tier 2

Asters

Asters’ ‘responsive and pragmatic’ team assisted Biosphere Corporation with registering patents. Practice head Julia Semeniy and Mariana Polishchuk are key names.

Next generation lawyers

Mariana Polishchuk - Asters

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Private client
Private client - ranked: tier 1

Asters

The ‘talented and skilled team’ at Asters advises high-net-worth individuals on wealth management, trusts, inheritance planning, residency permits, family law and real estate. The ‘intelligentAlexey Khomyakov, Oleksiy Demyanenko and rising star Pavlo Shovak are the key names.

Next generation lawyers

Pavlo Shovak - Asters

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Real estate and construction
Real estate and construction - ranked: tier 2

Asters

At Asters, practice head Roman Kostenko and Roman Drobotskiy handled property matters pertaining to Prada’s first boutique in Kiev. Crossfit Ukraine is also a client.

Leading individuals

Roman Kostenko - Asters

Next generation lawyers

Roman Drobotskiy - Asters

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Tax
Tax - ranked: tier 1

Asters

Market leaderAsters fields a ‘smart’ team that ‘works quickly’. Alexey Khomyakov advised rail operator Ukrzaliznytsia on tax aspects of its $500m restructuring. Oleksiy Didkovskiy and Constantin Solyar are also recommended.

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Further information on Asters

Please choose from this list to view details of what we say about Asters in other jurisdictions.

Ukraine

Offices in Kiev

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
  • Employing Foreign Specialists in Ukraine – Rules of the Game Have Been Simplified?

    Following the strategy of the Government to improve the doing business climate in Ukraine, Parliament adopted the Law of Ukraine “On Amendments to Certain Legislative Acts of Ukraine Concerning Elimination of Barriers for Foreign Investments Attraction” dated May 23, 2017 (hereinafter – “the Law”), which came into force on September 27, 2017.  The Law with such an expressive name should have definitely removed the barriers for employment of foreigners, but what have we actually received? Putting the cart before the horse, the Law really significantly changed the procedure of obtaining work permits (hereinafter – “the Permit”) facilitating it essentially from the one hand, but introducing some questionable conditions from the other.
    - GOLAW
  • 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.