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 …
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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 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.
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 …
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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. …
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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 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%).
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” …
AVELLUM advises ICU on sale of 50% stake in 11 solar park projects
AVELLUM acted as the legal counsel to Investment Capital Ukraine (“ICU”) on the complex M&A transaction involving:
Competitors as accomplices
In 2019, it is getting apparent that violations of antitrust law, in particular in the area of anticompetitive concerted actions (for example, price collusion of oil traders or food products wholesalers) not only become dangerous due to the sanctions of the Antimonopoly Committee of Ukraine (hereinafter referred to as the AMCU), but also add a …