AVELLUM advises on IBRD-supported financing for Ukraine
AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with two syndicated EUR-denominated facilities arranged by Deutsche Bank in December 2018 and March 2019 for the total amount equivalent to approximately USD1 billion.
AVELLUM advises EBRD and BSTDB on financing of one of largest solar projects in Ukraine
AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) and the Black Sea Trade and Development Bank ("BSTDB") in connection with senior secured loans in the total amount of up to EUR36.3 million to Rengy Bioenergo LLC (“Loans”).
Reimplementation of the FSS Comprehensive Audit and Amendment of Korean Anti Money Laundering Laws
I Revival of Comprehensive Audit Significance The reinstatement of a comprehensive audit of all issues (as opposed to a special audit that is instigated when a particular issue has arisen) (“Comprehensive Audit”) by the Financial Supervisory Service (“FSS”) means that the selected financial institutions will need to be better prepared for the increased breadth and …
Renewable energy in Ukraine: trends to expect in 2019
The alternative energy industry is one of the fastest growing and most attractive sectors for investment in Ukraine. This can be explained, inter alia, by the favorable geographical conditions in Ukraine, where solar radiation is more intense than, for example, in Germany. The wind speed in this Eastern European country makes it possible to develop …
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AVELLUM advises Kernel on USD64 million acquisition of railcar business by its investment fund
AVELLUM acted as the legal counsel to its longstanding client Kernel Holding S.A. (“Kernel”) on the acquisition of 100% of shares in Rail Transit Kargo Ukraine (“RTK-Ukraine”) worth, based on the enterprise value, USD64 million.
AVELLUM advises MTB Bank and Bank Center on merger
AVELLUM acted as the legal counsel on the merger of Public Joint Stock Company “MTB Bank” (“MTB Bank”) and Public Joint Stock Company “Commercial Bank “Center” (“Bank Center”). The merger was conducted under a simplified procedure introduced by the Law of Ukraine “On Simplifying Reorganisation and Capitalisation Procedures for Banks”, which became effective on 29 April …
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Cancellation of the “green” tariff: international practice of protecting the rights of foreign inves
Perhaps the hottest topic in the energy sector at the end of 2018 and early this year is the discussion of changes to the approaches of providing state support for electric power producers from renewable sources. The main idea of the change is that, starting from 2020, new players of the RES market will be …
New Instruments Of Corporate Security Under The New Law On Llcs
Strong oversight of corporate security and risk-taking is surely one of the most critical component of companies’ management process. We are no longer talking about whether or not boards should implement corporate governance and compliance policies: in the current climate we are grappling with the issue of all-round companies’ protection, which raises a much more …
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Bankable Ppa: A New Version From The Regulator
A power purchase agreement or PPA is one of the core documents needed for the purchase of electricity produced by a power plant.
AVELLUM promotes Vadim Medvedev to tax partner
AVELLUM is happy to announce the promotion of Vadim Medvedev to partner effective from 1 January 2019. Vadim leads the firm’s tax practice and has an outstanding track record in the areas of international tax planning, transaction structuring, and succession planning matters. Vadim is also highly praised for successfully representing clients in tax litigation cases.