Energy in Ukraine
Vasil Kisil & Partners
Practice head(s):
Alexander Borodkin; Oleg Alyoshin
Key clients
Odeh Asalem Automation System ODASCO (UAE)
Energy Standard Group (Cyprus)
Cindrigo (UK)
European Bank for Reconstruction and Development
Nadeva Wind (Germany)
CarboCycle Ingenieurbüro (Germany)
Socar Energy Ukraine
SVG Plus LLC
Work highlights
- Advised the European Bank for Reconstruction and Development on the validity and enforceability of security package under the project finance loan to a Ukrainian energy.
Acquis Law Firm
Practice head(s):
Maksym Uslystyi; Mykhailo Lytvyn
Testimonials
‘The team has an individual approach.’
‘Maksym Uslystyi and Mykhailo Lytvyn are very good partners, and you can rely on them.’
Key clients
DBE Energy / DBE Global
Energosila Group Ukraine
GNCR Holding
Schmid Pekintas Energy
BOD Group
Dogaras, UAB
Ukrenevo LLC
Energetikos Investicijų Centras, MB
Ahlatci Holding / AHL Energy
4WIND, UAB
NS Xcel Energy Holding
ETL Construction
TERMOPET Group
Work highlights
- Represented DBE Energy in the acquisition of 12 MwT Project in Zhytomyr region.
- Advised GNCR Holding on negotiations and developing the contractual framework within the process of providing financing to its operational RES projects in Ukraine.
- Advised Ahlatci Holding / AHL Energy on its acquisition of 2 operational SPPs in Ukraine with a total capacity of 28 MwT.
Aequo
Practice head(s):
Denis Lysenko
Testimonials
‘Denis Lysenko is a highly knowledgeable, sophisticated, practical and responsive attorney.’
Key clients
Naftogaz of Ukraine
Gas Transmission System Operator of Ukraine
UkrGasVydobuvannya
Green for Growth Fund
DTEK Group
Mercuria Energy Trading
Ionity
Derzhvuhlepostach
Cameco Corporation
Fursy Energy Group
MET Ukraine
Work highlights
- Assisted Naftogaz of Ukraine and its subsidiaries with a $10+bn international investment treaty dispute against Russia.
- Represented Gas Transmission System Operator of Ukraine in two series of disputes related to gas trading and price regulation of about $900m.
- Advised Naftogaz of Ukraine on the restructuring of its debt of over $1bn and other group’s strategic development issues.
Arzinger
Practice head(s):
Timur Bondaryev; Iaroslav Cheker
Testimonials
‘Strong professionals with practical knowledge and advice, high level of cooperation, flexibility in billing.’
‘Timur Bondaryev has high engagement in the projects, strong practical advice, looking at the project from the wider perspective than just legal sphere.’
Key clients
CNBM International Energy PTE LTD (Singapore)
China Machinery Engineering Corporation
Expert Petroleum
United Mining and Chemical company
ESE Investment AG
POWERCHINA
TIU (Canada)
ASD Lex
NEFCO
Elementum Energy
Goldwind
MET Ukraine
СHINA ELECTRIC POWER EQUIPMENT AND TECHNOLOGY CO
Work highlights
- Represented a Canadian investor in a dispute over the illegal shutdown of a power plant.
- Assisted a client with a legal due diligence of three ready-to-build stages of the biggest wind farm in Ukraine with a capacity of over 790 MW.
- Assisted the Ukrainian Association of Renewable Energy and Ukrainian Wind Energy Association with the constitutional proceeding on the establishment of the feed-in tariffs in Ukraine.
Asters
Practice head(s):
Armen Khachaturyan; Yaroslav Petrov
Other key lawyers:
Anzhelika Livitska
Testimonials
‘Very professional individuals with deep skills assembled ineffective teams for specific assignments.’
‘Yaroslav Petrov is creative, entrepreneurial and reliable – an unusual combination.’
‘Asters is the largest and one of the most capable firms in Ukraine. They have top-level experts in all major practices, and it is very convenient for our company that Asters can advise us on the highest level possible in cross-practice projects.’
‘Senior Partner Armen Khachaturyan has deep expertise, knowledge of the energy industry and tremendous ability to make the right strategic decisions.
Partner Yaroslav Petrov has excellent analytical skills. He is knowledgeable, prompt and result oriented. He is very client-centric, and is updated with all the latest trends on the market and uses this knowledge to the benefit of his clients.’
Key clients
Arawak Energy Ukraine B.V.
Modus Group
Naftogaz Group
VR Capital Group
Work highlights
- Assisted Arawak Energy Ukraine B.V., with the sale of 50% of shares in Geo-Alliance Oil-Gas Public Limited to gas producer Geo Alliance Group Limited.
Avellum
Practice head(s):
Glib Bondar
Key clients
Ukrenergo
DTEK Group
EBRD
Volt Resources Limited
Work highlights
- Assisted National Power Company “Ukrenergo” with its $825m of 6.875% notes guaranteed by Ukraine.
- Advised DTEK Group on the debt restructuring under the two inter-conditional English schemes of arrangement for DTEK Energy B.V. and DTEK Finance PLC.
- Advised EBRD on regulatory matters in connection with the updated model power purchase agreement circulated by State Company “Guaranteed Buyer”.
Baker McKenzie, Kyiv Office
Practice head(s):
Serhiy Piontkovsky
Other key lawyers:
Hanna Shtepa
Testimonials
‘The team is very professional, always on time, and has good communication.’
‘The team has great communication skills and provides reliable and effective solutions.’
Key clients
EPH (Energetický a průmyslový holding, a. s.)
NAFTA a.s.
Bayerische Landesbank
State Property Fund
Work highlights
- Advised EPH and its subsidiary Slovak company NAFTA a.s. on two separate production sharing projects relating to Okhtyrska and Hrunivska blocks in North-Eastern Ukraine.
- Advised Bayerische Landesbank on the financing of the construction of the 1st and the 2nd Stage of a 200 MW wind power plant in Zaporizhzhia region of Ukraine.
- Advised the State Property Fund of Ukraine on privatization of 78.289% of shares in Centrenergo, one of the largest Ukrainian power-generation companies.
CMS
Practice head(s):
Vitaliy Radchenko; Maria Orlyk; Anna Pogrebna
Other key lawyers:
Volodymyr Kolvakh
Testimonials
‘The dedication to us as clients, even in these difficult times. CMS Ukraine has strived and succeeded in providing the best and swiftest advice.’
Key clients
Air Products
Nafta International BV
FAS Energy
CWP Europe
SUW South Ukraine Windplant Holdings Limited
Work highlights
- Advised FAS Energy on the acquisition of a solar power plant being developed in the Kyiv region, with an expected capacity of 112MW, from a Ukrainian developer.
- Advised Air Products on the establishment of a joint venture with ArcelorMittal for the construction of a new modern air separation unit at the ArcelorMittal Kryvyi Rih steel plant in Ukraine.
- Advised NAFTA International B.V. on the buyout of its joint venture partner, Cub Energy Inc., to become the owner of 100% of the Ukrainian company.
Dentons
Practice head(s):
Adam Mycyk; Maksym Sysoiev
Other key lawyers:
Oleg Batyuk
Testimonials
‘People are very professional and helpful. They can recommend the optimal solution.’
‘The firm provides good recommendations about your cases.’
Key clients
Power China New Energy Power Co., Ltd.
International Finance Corporation
Eksim Yatirim Holding A.S.
Dionis Biogas Energy LLC
European Bank for Reconstruction and Development
DNV GL Energy Advisory GmbH
Sigra Group
Misen
ENGIE
Helios Strategia
TIU Canada
Work highlights
- Advised Dionis Biogas Energy LLC on the implementation of the first biomethane project in Ukraine.
- Advised Eksim Yatirim Holding A.S. on energy matters related to the acquisition and further construction of a 60 MW wind project in Western Ukraine.
- Advised DNV GL Energy Advisory GmbH on the development of a battery energy storage in Ukraine.
EVERLEGAL
Practice head(s):
Yevheniy Deyneko; Andriy Olenyuk
Key clients
Ukrainian Wind Energy Association
China Electric Power Equipment and Technology
UDP Renewables
Go To-U Network
Triosan, a Hungarian company
Work highlights
- Advised UDP Renewables on the development of energy infrastructure, in particular 113 MW wind project in Volyn region.
- Advised Go To-U Network on developing green energy infrastructure, in particular, implementing the project for the installation of chargers for electric cars on the Ukrainian motorways.
- Advised Ukrainian Wind Energy Association on licensing and permitting issues, affecting the industry.
EY Law
Practice head(s):
Borys Lobovyk
Testimonials
‘Our company cooperated with EY on several projects. Each time the deliverables were well prepared, the team was well organised, attentive to details, and excellent in communication.’
Key clients
Ukrgasvydobuvannya
Work highlights
GOLAW
Practice head(s):
Sergiy Oberkovych
Testimonials
‘GOLAW have the highest calibre of staff who are experts in their respective fields. They utilise their partnerships to ensure that they provide best-in-class services.’
‘Sergiy Oberkovich and the team are extremely knowledgeable, consistently going above and beyond to provide the best level of service. This is not just limited to a legal opinion but rather a practical implementation with on-the-ground knowledge.’
‘The firm has a partner-led approach and involvement.’
Key clients
KBPP Management
TIU Canada
Enkom
Work highlights
- Advised KBPP Management and a group of Irish investors on the preparation and execution of the tender for the selection of the new EPC contractor.
- Assisted KBBP Management and its Ukrainian subsidiary Khmelnytskiy, a biofuel power plant, with challenging the refusal of State architectural inspection to issue a construction permit.
- Advised TIU Canada on the legality of shutting down the Nikopol solar power plant (10 MW) by the Nikopol Ferroalloy Plant.
Ilyashev & Partners
Practice head(s):
Mikhail Ilyashev
Testimonials
‘Ilyashev & Partners has absolutely everything needed for quality support of the work in the energy sector. The team is very well versed in the technical issues.’
‘Mikhail Ilyashev deeply understands the energy sector.’
‘The firm has a very deep practical knowledge of the industry.’
Key clients
JKX Oil & Gas
JV Poltava Petroleum Company
Elme Messer Gaas AS
Arctic Securities AS
Ukrenergozbut
Spetsmekhservice
Energiya Karpat
Ukrinterenergo SE
Ostchem Holding
Karpatygaz
Ukrainian Renewable Energy Association
UkrGaz
UkrGazEnergo
LetterOne Group
Group DF
Ferrexpo AG
Work highlights
- Assisted Ukrenergoz with the protection from illegal transfer of 305m cubic meters of gas.
- Represented JV Poltava Petroleum Company in Ukrainian courts when appealing against tax notifications-decisions.
- Advised Arctic Securities AS on the financing of Norwegian energy company NBT AS for the implementation of projects in Ukraine.
Integrites
Practice head(s):
Dr. Oleksiy Feliv
Testimonials
‘The firm has an in-depth knowledge of the industry.’
‘Oleksiy Feliv has a good knowledge of international practices integrated within the local experience.’
‘Experts are always available, respond quickly to urgent questions, and thoroughly and professionally approach the study of problems.’
‘Integrites has a strong team with specialists in various fields. They could work with ecology inspection, with investigators in criminal proceedings and EPC contractors.’
‘They have experienced lawyers, which we required in the project in Ukraine. They were available when we requested it and provided clear memos.’
‘The team is adaptive to situations no matter how difficult these are. They are putting the client’s operations first place. Mobility and problem-solving are their strength.’
‘This firm is an excellent team of pros known in the market for their expertise in energy. The go-to firm for companies working in the energy and renewables – top-notch service and value for money.’
‘Oleksiy Feliv is very experienced and perfectly oriented on the market. He was detailed and specific, very attentive and anticipated all challenges which may occur. An expert and advisor I can rely on.’
Key clients
PJSC NPC Ukrenergo
Wärtsilä
EMERGY AS (previously NBT AS)
Total Eren
EuroCape/LongWing
Ümitli
AKW Ukrainian Kaolin
Work highlights
- Represented PJSC NPC Ukrenergo in the investment arbitration against Russia regarding the expropriation of the power grid, recreational facilities and other property of the client by the Russian authorities.
- Assisted Wärtsilä Corporation OU and Wärtsilä Finland OY with finance and security documentation of the €1-2bn project.
- Advised EMERGY AS (Norway) on all aspects of the €1.25bn financing and development of the 42.5 MW, second 300 MW and third 450 MW stages of the 792,5 MW Zophia wind farm.
Kinstellar
Practice head(s):
Oleksandr Kurdydyk
Other key lawyers:
Illya Muchnyk
Key clients
National Joint Stock Company Naftogaz of Ukraine
PJSC National Power Company Ukrenergo
EBRD
State Property Fund of Ukraine
Tetra Tech ES
United States International Development Finance Corporation
Work highlights
- Advised the Supervisory Board of Ukrenergo National Power Company on electricity market regulations, corporate governance matters and other matters concerning the activity of the Supervisory Board and its Committees.
- Advised DFC (former OPIC), an agency of the United States of America, on all aspects of a USD-multimillion financing for a four-phase, 500 MW wind farm in central Ukraine.
- Advised the Supervisory Board of Naftogaz of Ukraine National Joint Stock Company, on legislative regulation of the energy sector, in particular, the oil, natural gas and petroleum markets in Ukraine.
KPMG Law in Ukraine
Practice head(s):
Yuriy Katser
Key clients
E-group
Major European oil & gas company
Good Governance Fund
German innovation company developing RES solutions
Work highlights
- Advised E-Group on the investment in the renewables.
- Assisted Good Governance Fund with the development and support of the implementation of a ‘green bond’ financing regulatory framework in Ukraine.
- Advised RES solutions on the structure for a project concerning a roof-based photovoltaic system and an electric vehicle charging system for parking lots in warehouse complexes.
LCF Law Group
Practice head(s):
Ivan Bondarchuk
Testimonials
‘Great understanding of market and adaptiveness of international practices and current regulation to fit the needs of the client.’
‘Ivan is providing great advice, with an exceptional knowledge of the market.’
Key clients
SCATEC SOLAR SOLUTIONS UKRAINE LLC
UKRAINIAN ASSOCIATION OF RENEWABLE ENERGY
UKRAINIAN WIND ENERGY ASSOCIATION
BOHUSLAVENERGY LLC
REAL FINANCE s.r.o.
RIGHT POWER a.s.
UDP RENEWABLES group
MGW LLC
CHYSTA ENERHIIA-2011 LLC
GREENTECO SES LLC
PV PROGRESIVKA-BETA LLC
PV PROGRESIVKA-ALPHA LLC
PV PROGRESIVKA-GAMMA LLC
VAR ENERGY
DNISTROVSKA WIND FARM LLC
Work highlights
- Advised Ukrainian Association of Renewable Energy on mediation with the Ukrainian Government.
- Advised Scatec Solar on the matters related to the construction and the operation of its solar power plants in Ukraine.
- Advised Ukrainian Association of Renewable Energy and Ukrainian Wind Energy Associations on the procedure regarding the compatibility of Ukrainian renewable energy support mechanism with EU and local state aid rules.
Redcliffe Partners
Practice head(s):
Dmytro Fedoruk
Key clients
Aspect Holdings
Nebras Power
UkrGasVydobuvannya
Eni
JP Morgan Securities PLC
EBRD
NEFCO
SigmaBleyzer
Rawicom
Work highlights
- Assisted Aspect Holdings and SigmaBleyzer with the preparation and negotiation of a production sharing agreement with the Ukrainian Government.
- Advised Nebras Power developing and managing a portfolio of strategic investments in the power sector globally.
- Advised UkrGasVydobuvannya on the first-ever in Ukraine production enhancement contract.
Sayenko Kharenko
Practice head(s):
Nazar Chernyavsky; Igor Lozenko
Key clients
BNP Paribas
DTEK Renewables
Deutsche Bank
Elementum Energy Limited
European Bank for Reconstruction and Development
Goldman Sachs International
Millstone Group
National Securities and Stock Market Commission
Nordic Environment Finance Corporation
Polskie Górnictwo Naftowe i Gazownictwo S.A.
Ukreximbank
USAID-financed project “Financial Sector Transformation”
Work highlights
- Advised BNP Paribas, Deutsche Bank, Goldman Sachs International and Ukreximbank on the debut $825m ESG Bond issue by Ukrenergo.
- Advised EBRD on the project financing to the municipality of Dnipro (Ukraine) for implementation of energy efficiency measures in the public buildings.
- Advised Elementum Energy Limited on the acquisition of a majority stake in Lymanska Vitroelektrostantsiia LLC from Ukraine Power Resources.