The Legal 500

Legal Developments in Ukraine

• 5 Difficulties of Mortgage Foreclosure and How to Avoid Them

  A mortgage has always been one of the most common and safe ways to secure an obligation. The popularity of a mortgage is explained by the fact that creditors believe the risks of losing real estate are minimal and therefore it can always be foreclosed. At the same time, unscrupulous borrowers and mortgagors are coming up with more sophisticated ways to avoid liability for failure to return funds which are not always managed by legislation and case law. In this article we will look at 5 difficulties that banks often face when applying for a mortgage, and explain how to avoid them.
  - GOLAW

• The Law on LLC in force: the first practice in applying the Law

  More than one year ago Ukrainian business has been granted a wide variety of flexible instruments for corporate governance, established by the Law of Ukraine “On limited and additional liability companies” (hereinafter referred to as “the Law”).
  - GOLAW

• AVELLUM advises ICU on sale of stake in over 200 MW alternative energy projects

  AVELLUM acted as the legal counsel to Investment Capital Ukraine (“ICU ”) on the sale of the remaining stake in alternative energy projects with total capacity over 200 MW to VR Capital Group (“VR ”). The transaction covered the following solar power plants jointly developed by ICU and VR:
  - Avellum

• AVELLUM advises on sale of Smart Plaza Obolon

  AVELLUM acted as the legal counsel to sellers on the sale of Smart Plaza Obolon, a newly constructed shopping and entertainment center in Kyiv. URE Holding Limited, a company from Dragon Capital Group, acquired the properties.
  - Avellum

• Top Changes for Financial Institutions on Restructuring and Recoveries Market in Ukraine

  One of the biggest fear for a creditor in providing financing is a possible default with zero perspectives to recover damages. On the international arena until recently Ukraine has been known as a high-risk country that precludes foreign investment flows. However, the situation has changed substantially over the past few years.  
  - GOLAW

• AVELLUM advises joint lead managers on EUR600 mln and USD335 mln Naftogaz Eurobond issue

  AVELLUM acted as the Ukrainian legal counsel to the joint lead managers, Citigroup Global Markets Limited and Deutsche Bank AG, London Branch, with respect to EUR600 million and USD335 million Eurobond offering of Naftogaz of Ukraine.
  - Avellum

• AVELLUM advises Cornerstone Partners on acquisition of CoreValue

  AVELLUM acted as the Ukrainian legal counsel to Cornerstone Partners, a co-owner of IT Kontrakt, a Polish IT Company, on the acquisition of CoreValue, a US-headquartered IT service provider with Ukrainian roots.
  - Avellum

• How much does it cost to use “proprietary” TM?

  For many international companies, it is a common practice to allow the use of their trademarks (TM) to all group companies on a free of charge basis. Some parent companies do not even have a right to charge the royalty payments from their subsidiaries, as this contradicts the company’s policy. In the case of subsidiaries located in the territory of Ukraine, such a situation suits everyone, at first glance, because royalties do not have to be paid at all. 
  - GOLAW

• AVELLUM successfully represents English trading company in GAFTA arbitration

  AVELLUM secured a favourable award to the client in a dispute at the GAFTA arbitration for a total amount of more than EUR1.5 million.
  - Avellum

• AVELLUM advises GROUPE ATLANTIC on acquisition of one of SST Group’s businesses

  AVELLUM acted as the Ukrainian legal counsel to GROUPE ATLANTIC, a leading French HVAC company, on the acquisition of SST Group’s electric underfloor heating and water leakage control systems business.
  - Avellum