Lease during quarantine in Ukraine: what should you know?
Businesses that rent premises in the Malls and can not operate there during the period of prohibition have a logical question: do they have to pay rent for the quarantine period? The same question arises for those businesses the activities of which are not prohibited for the quarantine period but they switch over to remote …
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Topical labour issues during quarantine in Ukraine
The remote work, part-time work, vacation at own expense, idle period – what is the best option in labour issues for a business owner during the quarantine period? How to act within the law and prevent violations that could lead to fines and litigations in the future? The situation in the country changes every day …
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Quarantine as a force majeure in Ukraine: what does this mean for business?
On March 17, 2020 a law (bill No. 3219) came into force that included quarantine established by the Cabinet of Ministers of Ukraine in the list of force majeure events. Will this be a tool that allows Ukrainian businesses to drop their obligations without any consequences? In most cases – no, because force majeure is …
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Dismissal of Executive Officers: What To Remember
The degree of tension, inherent to labor disputes, rises when terminating the employment contract with the chief executing officer, commercial or financial director, as well as another employee making management decisions. Let’s consider the most popular grounds for the executive officer termination of employment according to the norms of the Labor Code of Ukraine.
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”).
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 …
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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 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.
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.
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 …
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