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:

Show all Press releases

Asters Becomes Warsaw Stock Exchange IPO Partner

February 2012

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.

Having the Warsaw Stock Exchange choose Asters as a business partner is the latest step in the firm's plan to establish working relations with the leading trading floor in Central and Eastern Europe.

"We're proud to announce that Asters is the first Ukrainian law firm to receive the title of Warsaw Stock Exchange Partner," says Asters Senior Partner Armen Khachaturyan. "This new status means that our clients are guaranteed better options for working with Polish lawyers and stock brokers when they go to place their shares."

The WSE is one of the most rapidly expanding European exchanges. The Warsaw Exchange's main trading floor has been operating since 1991. The exchange lists a wide range of financial instruments: stocks, bonds, subscription rights, stocks rights, investment certificates, structured products, exchange-traded funds (ETFs), and derivatives. Over 400 companies are listed on the WSE, 10 of them Ukrainian.

* * *


Asters is a full-service independent national law firm. With more than 15 years of experience the firm has one of the longest track records on the country's legal market. Asters is among the most recommended law firms for Ukraine according to reputable international legal directories The Legal 500, PLC Which Lawyer?, Chambers Global, IFLR 1000, and Ukraine's legal market research publications. A list of the firm's clients includes major international corporations, such as Boeing, Coca-Cola, Marathon Oil, Miele, News Corp., New Line Cinema, Nissan Motor, Nokia Corporation, Philip Morris, Renault, Telenor ASA, Toshiba Corporation, and the world's leading financial institutions ABN AMRO, Barclays Capital, Citibank, Credit Suisse, Deutsche Bank, EBRD, IFC, ING Bank, JP Morgan Chase, Standard Bank, Swedbank and the World Bank.


www.asterslaw.com

 

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