The Legal 500

Legal Developments in Ukraine

• Renewable energy in Ukraine: green auctions launched

  In the first half of 2019 alone, renewable energy facilities with a capacity of more than 1.5 GW were connected to the Ukrainian grid, with about 96% of those being solar and wind energy facilities. In the whole of 2018, which has been a record-breaking year so far, numbers were almost half as high. The Ukrainian market also remains very attractive to foreign investors, not least because of the lucrative feed-in tariff rates, which are paid out regularly. Now, after the adoption of the so-called law on green auctions, significant changes can be expected.
  - DLF attorneys-at-law

• AVELLUM advises on Ukraine`s first in over a decade Euro-denominated notes issue

  AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on another milestone Eurobond deal. The issue by Ukraine of EUR1 billion notes with a 7-year tenor marks the first euro-denominated offering Ukraine has made in almost 15 years.
  - Avellum

• AVELLUM advises solar power plant developer on sale of solar project

  AVELLUM acted as the legal counsel to SM Invest Construction B.V., a solar PV plants developer, on the sale of shares in the holding company, which owns the underlying assets to develop a 148MW solar power plant in Mykolaiv region. Scatec Solar, a leading and globally acting solar energy producer, acted as the purchaser.
  - Avellum

• General requirements to advertising in Ukraine

  The main legal act regulating legal relations in the field of advertising is the Law of Ukraine  On Advertising . The implementation of the Law in practice requires a detailed analysis and practical experience. The fulfillment of the requirements of the Law and other regulatory legal acts regulating advertising relations in Ukraine is a guarantee that government agencies in Ukraine, such as the Antimonopoly Committee of Ukraine, the State Inspection of Consumer Protection of Ukraine will not be able to start an advertiser's check.
  - DLF attorneys-at-law

• Business in Ukraine: the ins and outs of top managers dismissal in Ukraine

  Top managers belong to the category of employees on whom the company efficiency depends, as top managers implement business and corporate policies – strategies, business plans, and projects – and make decisions that will determine the future of company business. Although it is indisputable that business is based on complete trust, effective control mechanisms could hardly be dispensed with. These truisms are well known to everyone. However, as practice shows, sometimes business owners overlook important issues that later lead to financial and reputational risks.
  - DLF attorneys-at-law

• AVELLUM advises EBRD on secured loan to major Ukrainian wood processing company

  AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD ”) in connection with a long term senior secured loan to Limited Liability Company “Zunami” (“Zunami ”) in the total amount of up to EUR3 million.           
  - Avellum

• AVELLUM advises Dobrobut on investment by Horizon Capital

  AVELLUM acted as the legal counsel to Dobrobut, the leading private healthcare services provider in Ukraine, and its shareholders on the disposal of a minority stake in Dobrobut to Horizon Capital.
  - Avellum

• AVELLUM advises EBRD on another large renewable energy financing deal

  AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”>) and Nederlandse Financierings – Maatschappij voor Ontwikkelingslanden N.V. (“FMO ”) in connection with a senior secured loan to LLC “Chysta Enerhiia-2011” in the total amount of up to EUR 24.5 million (and each 50%).
  - Avellum

• Sayenko Kharenko acts as legal counsel to DTEK Renewables for construction of Primorskaya WEP with a

  Sayenko Kharenko has acted as legal counsel to DTEK Renewables, which manages DTEK projects in renewable energy, on construction of Primorskaya Wind Electric Plant LLC (Primorskaya WEP) with a capacity of 200 MW. DTEK Renewables is currently one of the largest producers of renewable electric energy in Ukraine and accounts for about 10% of “green” capacities market.
  - Sayenko Kharenko

• Sayenko Kharenko advises VR Capital on establishment of a joint venture to develop solar power plant

  Sayenko Kharenko has acted as Ukrainian legal counsel to VR Capital on the establishment of a joint venture with Volterra Energy Group, the developing partner. The joint venture company is set to develop a number of solar power plant projects throughout Ukraine.
  - Sayenko Kharenko