The Legal 500

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

What we say about the firm's legal practice in Ukraine

Banking, finance and capital markets

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

Asters is ‘one of the best Ukrainian firms with a strong reputation for detailed and thorough advice’. Its lender clients include UBS Investment Bank and International Finance Corporation. Svitlana Poroschuk, Iryna Pokanay and senior partner Armen Khachaturyan are ‘experienced, well-qualified lawyers’.

Corporate and M&A

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

Asters provides ‘first-class advice, tailored to commercial needs’, and one client calls it ‘the best commercial law firm without a doubt’. Oleksiy Didkovskiy and Armen Khachaturyan lead a team that acted on First Ukrainian International Bank’s merger with Dongorbank, and advises regularly advises clients such as ED&F Man, Swedbank and Coca-Cola Ukraine.

Dispute resolution

Within Dispute resolution , Asters is a second tier firm,

Responsive and very good value for money’, Oleksiy Didkovskiy’s team at Asters advised a syndicate of banks on investors’ rights and acted for a large European agribusiness regarding import licensing and tax disputes.

Intellectual property

Within Intellectual property , Asters is a second tier firm,

Asters delivers ‘excellent response times and practical advice’, and its lawyers are ‘creative problem-solvers’. Oleksandr Padalka, who has ‘excellent communication skills and an easygoing, personable style’, advises clients such as KP Media and EDB. He advised an international beverages company on patent infringement matters.

Real estate and construction

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

Asters provides ‘fast and competent responses’, and Roman Kostenko ‘a good level of service’. The firm advised Kazakh investor Eurasia on commercial properties around Kiev, and Australia’s CCI Holdings on a land acquisition for a coal mine in Lviv.

Tax

Within Tax , Asters is a second tier firm,

Asters provides ‘perfect advice and legal opinions’, and is ‘responsive, with very fast turnaround’. Practice head Oleksiy Didkovskiy and tax specialist Kostyantyn Solyar are key names in the team, which advised Visa on tax implications of employees’ insurance, and Shell East Europe on VAT and corporate profit tax matters.


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