Firm Profile > Sayenko Kharenko > Kiev, Ukraine
Sayenko Kharenko Offices
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Sayenko Kharenko > The Legal 500 Rankings
Sayenko Kharenko is a leading firm for capital markets work and is also a prominent player in other domestic and cross-border financing transactions, including debt restructurings and project finance. Its enviable client roster includes international financial institutions such as BNP Paribas, Deutsche Bank, the EBRD, JP Morgan Securities and Dragon Capital. Nazar Chernyavsky, who handles complex financing projects such as securitisations, and Michael Kharenko, who has expertise in structuring international investments, lead the 'exceptionally smart, knowledgeable and cleint-oriented team' with capital markets partner Anton Korobeynikov. New partner Igor Lozenko has experience in cross-border matters.
Nazar Chernyavsky; Michael Kharenko; Anton Korobeynikov
‘The team reacts so quickly and provides absolutely fantastic advice. It is a real pleasure to work with them. I wouldn’t go to anyone else.‘
‘Nazar Chernyavsky and Anton Korobeynikov are the best finance lawyers in the country – proactive, business-focused and affordable.‘
‘A great full-service team that couples technical expertise with commercial advice. Probably the best finance and restructuring team in Ukraine.‘
‘Anton Korobeynikov is incredibly creative and goes the extra mile to ensure the deal gets done.‘
‘Sayenko Kharenko is well known as Ukraine’s local transactional heavyweight. It acts for lenders, borrowers, underwriters and local issuers on the full range of banking and finance matters. The team works across a range of sectors.‘
‘Nazar Chernyavsky, Michael Kharenko, Anton Korobeynikov and Igor Lozenko see more transactions in the market than anyone else, so they are really great deal-doers.‘
‘When working with Sayenko Kharenko, we very much value their reliability and responsiveness. We also admire their high level of professionalism and profound expertise when it comes to dealing with the most sophisticated finance and capital markets matters. Their team always provides excellent advice in a timely manner for quite a reasonable price.‘
‘Igor Lozenko was responsible for the smooth internal and external communication of the team, ensuring that all of our requests were handled on time and high-quality project deliverables were submitted. Igor is very easy going and open-minded, which allows him to have a bigger and more complex vision on the case, thus minimising our risks.‘
European Bank for Reconstruction and Development (EBRD)
European Fund for Southeast Europe (EFSE)
Goldman Sachs International
J.P. Morgan Securities
Mriya Agro Holding
Nordic Environment Finance Corporation (Nefco)
UBS Investment Bank
VR Global Partners L.P.
Sayenko Kharenko lost key partner Oleksandr Padalka to Ilyashev & Partners but practice co-head Vladimir Sayenko remains highly active advising on M&A transactions, particularly with a cross-border element, while the 'creative, results-oriented' Oleksandr Nikolaichyk has expertise in areas including joint ventures, corporate finance and corporate restructurings. The 'completely client-oriented, easily accessible and highly professional' team has a stellar client base drawn from the agriculture, financial services, FMCG, insurance, IT, media and retail sectors, including large international corporates and private equity firms. Counsels Sergiy Kazmirchuk, who has experience in corporate matters in the banking and insurance sectors, and Dmytro Korbut are also recommended.
Vladimir Sayenko; Oleksandr Nikolaichyk
‘I would say they are always ready to take on the most challenging tasks and to come up with results in an impressively short time. The team is always available and ready to deliver thorough advice and practical solutions. Having a wide range of expertise allows them to address complex legal issues.‘
‘Dmytro Korbut delivers the highest quality legal advice and services. He has an outstanding ability to produce excellent results in extremely short timelines. The business effectiveness of his advice could not be overestimated.’
‘Oleksandr Nikolaichyk has some of the strongest expertise on the market in relation to corporate governance in state-owned banks.‘
‘Oleksandr Nikolaichyk is well known as transactional lawyer and strong business-minded negotiator.’
‘Mykhailo Grynyshyn is also notable in a team of strong professionals with deep expertise who are highly engaged.‘
‘They are very commercially minded and always aim at making deals happen. During transactions it seems that there is no issue which they cannot resolve. They are excellent at negotiating transaction documents and highly client-oriented.‘
‘Oleksandr Nikolaichyk is very commercially oriented and pragmatic. It seems like there is no transactional issue Oleksandr cannot resolve.‘
‘Ilhar Hakhramanov is extremely knowledgeable in M&A transactions and has excellent negotiation skills.‘
Elbrus Capital Funds
European Bank for Reconstruction and Development (EBRD)
Henkell & Co. Sektkellerei GmbH
Mriya Agro Holding
Orexim Group (Orexim)
VR Global Partners L.P.
Competition Tier 1
Sayenko Kharenko is praised for 'its ability to provide commercially focused advice with respect to Ukrainian merger control rules'. Practice head Vladimir Sayenko specialises in obtaining merger clearances for market-leading transactions, while up-and-coming partners Valentyna Hvozd and Maksym Nazarenko have experience in concerted practices, cartels, abuse of dominance and unfair competition cases. All three are noted for their 'in-depth knowledge and responsiveness'. The firm counts Anheuser-Busch InBev and Horizon Capital among its clients.
Vladimir Sayenko; Maksym Nazarenko
‘The Sayenko Kharenko competition team is competent and responsive, and has first-hand insight into the latest developments of merger control rules in Ukraine.’
‘Maksym Nazarenko and associate Julia Kuyda have a client-oriented approach. They are knowledgeable and effective in their communication.’
‘The team is particularly good in investigations, delivering high-quality and timely advice adjusted to the local environment and culture.’
‘Valentyna Hvozd is a joy to work with from an in-house perspective. Hands-on and pragmatic, she does high-quality work within the competition law field.’
‘This team is responsive and able to provide clear, balanced advice.’
‘They have been very good at providing practical advice, balancing the need for expediency with the potential legal risks that can arise in Ukraine.’
‘The team is very responsive and gives pragmatic advice.’
‘Valentyna Hvozd is a very committed attorney and is always available at short notice. In addition, she gives pragmatic advice tailored to the client’s needs and is able to find a good balance between Ukraine’s demanding merger control regime and the client’s interests.’
‘This is my “go-to” firm for advice on Ukrainian merger control law.’
‘Valentina Hvozd is expert in merger control law.’
‘They have a very pragmatic approach and good connections with the competition authority. They truly think along with you and are therefore a reliable partner for merger control in Ukraine.’
‘Vladimir Sayenko is the top lawyer in Ukraine.’
‘Maksym Nazarenko is an energetic and enthusiastic person and also very knowledgeable, which makes it a great pleasure to work with him.’
Anheuser-Busch InBev S.A./N.V.
SUN InBev Ukraine
Takeda Pharmaceutical Company Limited
VR Global Partners L.P.
Widex Holding A/S
Dispute resolution Tier 1
Sayenko Kharenko is 'well connected, very switched on and proactive' and clients note that the practice is 'very good tactically and always takes the time to understand the client’s business and potential risks'. 'Working with him really takes the pressure off', say clients of Olexander Droug, who with Sergey Pogrebnoy leads one of the largest practices in the market. Droug focuses on Ukrainian and international arbitration proceedings while Pogrebnoy leads on litigation. The team counts Prominvestbank, Philip Morris Ukraine, the State of Ukraine and VTB Bank among its clients.
Olexander Droug; Sergey Pogrebnoy
‘The firm is is well connected, very switched on and proactive.‘
‘Olexander Droug is extremely knowledgable on virtually any issue of Ukrainian law.‘
‘Sayenko Kharenko demonstrates a capacity to manage complex actions involving multiple parties and jurisdictions, as well as to act across a diverse array of sectors. They are very good tactically and always take the time to understand the client’s business and potential risks.’
‘Our key contacts at Sayenko Kharenko are partner Olexander Droug and counsels Volodymyr Yaremko and Vitaliy Odzhykovsky. Olexander has expertise and the experience to deal with the most complex cases, working with him really takes the pressure off. Volodymyr also has notable litigation experience with a special focus on construction disputes under FIDIC forms of contracts and in commodities arbitrations (GAFTA, FOSFA). Vitaliy is an extremely good tax litigator.‘
‘I have cooperated with the dispute resolution practice of Sayenko Kharenko for more than three years. They are reliable and professional counsel who you can trust with your most sensitive matters. The team is huge and might be described as one of the biggest on the market. They have separate partners and practices responsible for arbitration and cross-border disputes, domestic litigation, and white-collar criminal defense, as well as tax and IP matters.‘
‘I enjoy cooperation with Volodymyr Yaremko, who handles ICC arbitration matters. He is creative, fast and results focused. Olexander Droug, a partner of the arbitration practice, is a very experienced and highly professional lawyer.‘
Allard Pierson Museum
Al Sagr National Insurance Co (PSC)
DF Group companies
Ostchem Holding Limited
Philip Morris Ukraine
Shareholders to PJSC “Sumy NPO”
The State of Ukraine
VTB Bank (Ukraine)
Employment Tier 1
Sayenko Kharenko is known for its 'great client service and expertise'. The sizeable team is led by Svitlana Kheda, who 'provides clear and practical advice' and has extensive experience assisting multinational corporate groups with labour policies and compliance with Ukrainian anti-corruption laws. The firm also advises on contracts, terminations, internal policies and contentious employment matters. Senior associates Olga Kyriusha, who specialises in the employment of foreign nationals in Ukraine, and Kuzma Pozychaniuk, who focuses on compliance violations and international investigations, are recommended.
‘The team is very responsive and understands better than other firms how to translate difficult Ukrainian legal concepts into a clear language that non-Ukrainian people easily understand.’
‘It goes without saying that their knowledge of Ukraine employment law is excellent. They provide real added value as they proactively inform clients of related issues to be aware of such as social security, corporate law and the practices of the state authorities.’
‘Svitlana Kheda speaks English fluently. She is extremely helpful and covers every single aspect you might have not been aware of if you are not familiar with Ukraine law.’
‘Svitlana Kheda is a delight to work with and always there when you need her. Her responsiveness, knowledge of my business and tailor-made practical business advice make her unique.’
‘The team is able to understand business-driven targets and problems for which they develop tailor-made and perfect legal solutions. In particular, the team shows a strong capability to develop legal solutions taking into consideration the peculiarities of market practice and typical behaviour of local authorities.’
‘Sayenko Kharenko is simply the best.’
‘I highly appreciate Svitlana Kheda’s outstanding qualifications as a lawyer. She has not only a brilliant and broad legal knowledge of Ukrainian employment law and related topics, but also an in-depth understanding of the business-related issues of her customers.’
‘Svitlana Kheda is able to explain legally complex issues in a highly understandable manner. Furthermore, she develops different options and clearly advises on the advantages and disadvantages of each option. Finally, her level of speaking and writing in English is brilliant.’
Energy Tier 1
Sayenko Kharenko has a multi-disciplinary team with experience across electricity, mining and metals, nuclear energy, oil and gas, power and renewables. It handles transactional, infrastructure, contentious and regulatory issues in the mining, oil and gas, and renewable energy sectors, and is also a key player in Ukraine's major energy efficiency programmes. Nazar Chernyavsky, new partner Igor Lozenko and counsel Maryna Hritsyshyna, who is 'one of the best in Ukraine', are the key practitioners.
Nazar Chernyavsky; Maryna Hritsyshyna; Igor Lozenko
‘They have good experience in the renewable market and support you independently.‘
‘They are very ethical and keep your matters confidential.‘
‘Maryna Hritsyshyna is able to act as a part of your team to explain all the detail patiently and in good time.‘
European Bank for Reconstruction and Development (EBRD)
General Electric Company
Nordic Environment Finance Corporation (NEFCO)
Overseas Private Investment Corporation (OPIC)
State of Ukraine
VR Global Partners L.P.
Intellectual property Tier 1
Sayenko Kharenko is 'a unique phenomenon in the legal sphere in Ukraine and abroad - it has strong expertise, and is innovative, creative and able to attract the best legal brains to its team'. Oleksandr Padalka moved to Ilyashev & Partners but the firm hired Yaroslav Ognevyuk from Doubinsky & Osharova to lead the sizeable practice. The firm handles the entire spectrum of IP, from consulting to litigation and anti-counterfeiting actions. Counsel Oleg Klymchuk is also recommended.
International trade Tier 1
Sayenko Kharenko has 'a very well-established practice and there is no doubt that it is a leader in this field'. One client remarks that the firm has 'the best expertise on the market, with a strong results-oriented approach'. Anzhela Makhinova leads the international trade practice, which handles anti-dumping, safeguard and anti-subsidy matters, WTO disputes, free trade agreements and trade compliance. Associates Ivan Baranenko and Victoria Mykuliak are also recommended. Andrew Zablotskyi is no longer with the firm.
‘Sayenko Kharenko’s team is well versed in the full spectrum of international trade law. The team convinces with its high level of expertise, efficient working methods, reliability and rapid implementation of decisions. The firm provides consistently excellent-quality work and high-level strategic thought. The team is very business-oriented.’
‘The international trade team of Sayenko Kharenko has been very professional, hardworking, efficient, accurate and very communicative in the course of the whole investigation. The lawyers have offered strategic advice and deliver on very tight deadlines.’
‘Anzhela Makhinova has deep experience, a very good feel for the industry and extraordinary ingenuity in coming up with solutions. She has demonstrated very deep knowledge in both the legal and procedural aspects of investigations as well as WTO issues. In addition, I would like to highlight associates Ivan Baranenko and Victoria Mykuliak for their dedication to the case and high-quality legal analysis on difficult issues in very short timeframes.’
‘Andrew Zablotskyy has solid knowledge of the industry and subject matter.’
‘It is definitely the strongest team on the market. Andrew Zablotskyi is knowledgeable and business-oriented, and always finds the best solution for the client.’
‘Counsel Oleksiy Koltok always has a strategy adapted to each case.’
Ministry of Economic Development and Trade of Ukraine
Industria Veneta Lavorazione Elettrodomestici S.p.A.
Marks and Spencer plc
Ukrainian Oil & Gas Association
Vita Polymers Poland
AB metal Group
Private client Tier 1
Sayenko Kharenko has a busy private wealth management practice that, according to one client, is 'the oldest, most experienced and most skilful in the market'. Practice heads Alina Plyushch and Nazar Chernyavsky, along with 'very friendly and professional' senior associate Dmitriy Riabikin, 'combine knowledge of international best practice in private wealth management with understanding of the requirements of the Ukrainian market'.
‘I have been working with the private client practice of Sayenko Kharenko for many years. They always understand what the client needs and how to deliver the best results. They know the international rules and requirements and local specifics. I will refer clients for private client matters only to Sayenko Kharenko.‘
‘I am working with senior associate Dmitriy Riabikin and partner Alina Plyushch, who know about all recent developments and always keep their finger on the pulse. Dmitriy always knows how to find a solution for my most sophisticated requests while structuring personal assets. They also have a very wide network of contacts with private wealth professionals from all over the world and this synergy provides for the best results.‘
‘Sayenko Kharenko is the first team on the market with the best expertise and professional knowledge. The guys are just the best in their sphere.‘
‘We have worked with Alina Plyushch and senior associate Dmitriy Riabikin for several years and they demonstrate a high level of service and always know what the client needs.‘
‘This practice has a unique perspective. They helped me find fast and effective solutions for every legal issue my business encountered, and their advice has always been solid and timely. I can trust them with the most complicated and delicate matters.’
‘They put their clients’ interests first, and they are quick to react to any new challenges. The practice also has great international connections, which is very convenient for those whose business or personal issues concern multiple countries.‘
‘I admire Alina Plyushch and Dmitriy Riabikin for their excellent assistance. Their experience of dealing with both international matters and domestic legal issues is substantial, which is why I have been working with them for many years.‘
Real estate and construction Tier 1
Sayenko Kharenko has 'an outstanding real estate practice and a professional team with a good reputation'. The firm advises domestic and international clients on all types of real estate transactions including acquisitions and disposals, property and land leases, investment and construction arrangements, and regulatory clearances. It is also a leading firm for contentious matters. Oleksandr Nikolaichyk, 'methodical and constructive' litigator Sergey Pogrebnoy, Vladimir Sayenko and disputes specialist Sergiy Smirnov are the main partners. Senior associate Kuzma Pozychaniuk is also a key name for contentious real estate matters.
Oleksandr Nikolaichyk; Sergey Pogrebnoy; Vladimir Sayenko; Sergiy Smirnov
‘I always recommend them to others for Ukrainian matters. Their advice is always client-oriented and based on a profound knowledge of the best legal and business practices in Ukraine.‘
‘If we are talking about strategic support, I would point out Sergey Pogrebnoy, he is very much involved and available on request.‘
‘On real estate matters we worked with Kuzma Pozychaniuk. He possesses not only perfect legal knowledge, but understands the economic, political, business and social background of the case.‘
‘Sayenko Kharenko is well versed in the full spectrum of real estate work, including acquisitions, disposals, leasings, financings as well as development-related matters. Although it has many strengths, I would like to highlight its multi-functionality and its flexible approach in handling our requests. The team is very commercial and thoughtful.‘
‘We have been working with Sayenko Kharenko since 2013 across a wide variety of real estate, tax, banking & finance, corporate and M&A, labour and other matters. The lawyers are very collaborative, dedicated, responsive, and driven to get the best results.‘
‘Vladimir Sayenko and Oleksandr Nikolaichyk are excellent, know their stuff, have a great business sense and are extremely responsive. Notwithstanding the firm’s size, you feel they know their clients intimately and work throughout different departments seamlessly to maintain this.‘
‘An analytical, creative and goal-oriented real estate and construction team that has particular strength advising on complex real estate projects. It is really deal-oriented and has exceptional negotiating skills. The attorneys are practical, business-focused and all have excellent knowledge of the law. They are experienced, always reachable and efficient.‘
Ministry of Infrastructure of Ukraine
Interstate Consultants Engineers Guild
European Bank for Reconstruction and Development (EBRD)
VR Global Partners L.P.
Orexim Group (Orexim)
Huhtamaki Foodservice Ukraine
White-collar crime Tier 1
Sayenko Kharenko, which is 'very proactive, good at coming up with solutions and highly efficient', expanded its already strong capability through a merger with the criminal defence practice of Yevgeniy Solodko. Sergey Pogrebnoy and Sergiy Smirnov are highly regarded for investigations, enforcement actions, and compliance issues. In 2019, the firm acted in more than 50 white-collar criminal cases with an aggregate value in excess of $2.1bn.
Sergey Pogrebnoy; Sergey Smirnov; Yevgeniy Solodko
‘Sayenko Kharenko provides comprehensive advice on a range of matters including white-collar criminal defence and litigation. Although it has many strengths, I would like to highlight its multi-functionality and flexible approach in handling our requests.‘
‘We have been working with Sayenko Kharenko since 2016. The lawyers are very collaborative, dedicated, responsive, and driven to get the best results. Our key contacts at Sayenko Kharenko are partners Sergey Pogrebnoy and Sergiy Smirnov, who provide the highest level of expertise, efficient working methods, reliability and rapid implementation of decisions.‘
‘The Sayenko Kharenko team has been very responsive and highly professional. They provided clear, practical assistance which made sense from a legal and business risk perspective. Our key contacts are Sergey Pogrebnoy and Sergei Smirnov.‘
‘Sergey Pogrebnoy understands the tasks quickly, effectively manages his team and formulates a comprehensive strategy on complex matters.‘
‘Sergei Smirnov is a highly professional lawyer who is very responsive and provides very practical advice. I value his attitude, dedication and professionalism – it i always a pleasure to work with him.‘
‘Sayenko Kharenko has a strong expertise in white-collar crime. They are strong in advice and actions. Sayenko Kharenko is strong in communication with law enforcement authorities in order to protect business.‘
‘Sergii Smirnov is client-oriented and gives his team the right guidance to reach the desired outcome. He has a very strong expertise and is easily reachable.‘
‘There is a large stock of human resources in the company. It has young lawyers who are actively involved in external activities, in addition to work, they are trying to improve laws in the country.‘
‘Sayenko Kharenko has a strong bench of market-leading attorneys, known for their extensive courtroom experience. The firm provides consistently excellent quality work and articulate advice to anticipate client’s needs. They certainly do a great job of understanding our goals and figuring out the best commercial way to reach these goals.‘
‘I find the lawyers at Sayenko Kharenko to be very responsive, technically excellent and very practical in helping to get the deal closed. Their white-collar practice is extremely strong, and they have people throughout the firm who are thoughtful, practical, and highly efficient.’
‘Partners Sergey Pogrebnoy and Sergei Smirnov are very experienced and professional, results-oriented, very responsive and reliable.‘
Philip Morris Ukraine
Porsche Ukraine Group
Tax Tier 2
Sayenko Kharenko hired a new head of tax in late 2018, with Svitlana Musienko joining from DLA Piper. She leads a practice that has a stellar corporate client base, including Philip Morris, Shell Ukraine and Reckitt Benckiser. Counsel Vitaliy Odzhykovskyi also plays a central role in the practice, which handles international tax advice, administration and compliance matters, transactional support and accounting services, and has been particularly active in high-value tax disputes. 'The team is very dedicated and highly concentrated on clients' interests,' remarks a client.
‘The firm provides a high quality of services through the excellent team of counsel Vitaliy Odzhikovsky and associate Kateryna Kolos.‘
‘The team is very dedicated and highly concentrated on clients’ interests and provides a comprehensive understanding of the legal strategy. Also, the great strength of Sayenko Kharenko is its positive approach and key capability to explain difficult conditions and clauses in simple words. This is the main difference compared to other firms.‘
‘Sayenko Kharenko is able to provide complex legal assistance in tax controversy resolution with professionalism, courage and intelligence, supporting all unexpected client situations.‘
‘I especially appreciated the assistance of Vitaliy Odjykovskyy and associate Mykhailo Grynkevych in the resolution of our claim. These two professional lawyers, working side-by-side, obtained a positive result.‘
‘It has strength in tax litigation, strong knowledge of legislation and existing tax practice, and a team that treats clients’ issues as their own when trying to find the best solution.‘
‘The team is ready to answer all your questions and provide all the necessary explanations.‘
Sayenko Kharenko > Firm Profile
The firm: Sayenko Kharenko enjoys a global reputation as a leading Ukrainian law firm with an internationally oriented full-service practice. The firm specialises in complex cross-border and local matters and regularly handles the largest and most challenging projects involving Ukraine.
The firm has introduced many new products in Ukraine, especially in finance and capital markets, and has significantly contributed to the development of many markets and industries. Its clients especially value its practical and innovative approach and its ability to deeply understand and help achieve their strategic and business goals.
This has helped the firm become the preferred legal counsel for many of the largest multinational corporations, banks and other financial institutions, including Fortune 500 companies, industrial groups, international public organisations, and individual business owners.
The firm’s reputation as Ukraine’s leading firm in antitrust, corporate, GR, finance, intellectual property, international arbitration, international trade, labour, litigation, mergers and acquisitions, restructuring, real estate, securities and tax laws is confirmed by its high position in league tables, top rankings in the legal directories as well as international and local awards for its work.
|Banking and finance|
|Corporate and M&A|
|Bankruptcy and debt restructuring|
|Real estate and construction|
|Private wealth management|
|Mr Ivan Baranenko||View Profile|
|Mr Ario Dehghani||View Profile|
|Olga Kyriusha||View Profile|
|Ms Victoria Mykuliak||View Profile|
|Mr Kuzma Pozichanyuk||View Profile|
|Ms Olena Shcherbyna||View Profile|
|Ms Zlata Simonenko||View Profile|
|Mr Yevgeniy Solodko||View Profile|
|Ms Olena Sukmanova||View Profile|
|Mr Peter Teluk||View Profile|
Staff FiguresNumber of partners : 17 Number of lawyers : 100+
LanguagesEnglish Ukrainian Russian German
MembershipsIBA ABA GALA INTA BULA
OtherOther offices : London
Sayenko Kharenko offers equal career opportunities to people irrespective of their gender, religion, sexual preference or ethnic background. Our entire firm is committed to inclusivity and diversity. We believe a diverse workforce is a powerful tool when it comes to understanding the needs of our diverse clientele. This allows us to deliver maximum value while offering innovative and unique legal solutions.
Sayenko Kharenko admires, inspires and encourages its staff. We aim to keep our team motivated while emboldening the best legal and interpersonal skills. We are committed to sustaining an innovative environment for professional education and development at all levels of the firm. Our training programs support newcomers and help established employees to keep their skills sharp. We rely on internal experts as well as external coaches. Over the past twelve months, we have added new programs to our existing training opportunities:
Individual Development Plan (IDP) and Goal Setting (separate modules for managers and their teams). This program teaches managers to set clear expectations and SMART goals with defined steps, timeframes and expected results for their employees while preventing them from micromanagement.
Legal workshops include practical training for our lawyers in various legal areas focusing on new Ukrainian laws.
Regular BD training with internal and external experts aimed at improving our lawyers BD skills, client service and retention efforts. This includes a special internal program focusing on the development of employee capabilities to identify new growth opportunities for business via the creation of new products and services.
CSR is an essential part of Sayenko Kharenkos business strategy and includes community involvement, pro bono legal work and environmental responsibility. As a major employer in Ukraines legal market, we believe that acting responsibly is fundamental to our sustainable future, as well as that of the community in which we work. In 2017, our firm supported over 100 social impact projects. Selected latest CSR stories include:
Harmonization of the Ukrainian national legislation with EU legislation (including antitrust, capital markets, criminal law, corporate law and governance, labour law, energy efficiency, IP, real estate, land and financial restructuring)
Growing legal talents – SK Innovative Summer School is a two-week law marathon which gathers top law students, offers an inside look at how law firms work, broadens student horizons and enhances understanding of the business world, the legal profession, and their own abilities. As a result, students grow and obtain personal development by expanding awareness, awakening curiosity and thinking differently. Last year we welcomed two of our clients as guest speakers who shared their inspiration and insights on doing business in Ukraine. The most talented and dedicated students are offered Sayenko Kharenko internships.
Sayenko Kharenko joined the initiative of Coca-Cola and Osvitoria Public Union to support Socially Vulnerable Youth Development Program.This project supports graduates in preparation for Standardized External Testing exams and helps determine their future profession. Within the framework of the implementation of the educational iLearn project, the SK team visited eight boarding schools, introducing children to their rights and conducting interactive courses aiming to raise the level of legal literacy and awareness, while also helping them enjoy the social benefits and guarantees provided by Ukrainian legislation.
Blood Donation series of events.
Sayenko Kharenko supported a blood donation program that included two events: Halloween Blood Donation and AmCham St. Valentines Day Blood Donation. Both were initiated and organized by the American Chamber of Commerce in Ukraine in partnership with DonorUA.
Corporate gifts policy. We believe that corporate gifts to partners and clients must be a part of our corporate culture. At Sayenko Kharenko, we established a corporate gifts policy of made in Ukraine goods. This way we chose to support Ukrainian small and medium-size business.
Ukrainian language book publishing support
In 2017, we launched a joint project with the publishing house Knigolove to support books printing in Ukrainian translation and to popularize reading culture among our clients and partners. So far, two books have been published with our support, joining our corporate gifts to clients and partners.
Press Releases2nd June 2020 Despite the pandemic, Sayenko Kharenko follows its development strategy and continues to strengthen its international team consisting of US, UK and EU qualified lawyers. Lateral hire of partner Peter Teluk, one of the most experienced foreign lawyers in Ukraine, confirms the well-deserved reputation of Sayenko Kharenko as a leading Ukrainian law firm working according to the highest international standards in collaboration with reputable foreign firms.
27th May 2020 President of Ukraine has signed the Law No. 466-IX “On Amendments to the Tax Code of Ukraine to Improve Tax Administration, Eliminate Technical and Logical Discrepancies in Tax Legislation” (the “Law”).
13th February 2020 Sayenko Kharenko has acted as Ukrainian legal counsel to BNP Paribas, J.P. Morgan and Raiffeisen Bank International, the joint lead managers of Ukraine’s record-setting EUR 1.25 billion Eurobond issue. The notes have a 10 year tenor and bear a coupon of 4.375 % per annum, which is the lowest pricing for Ukraine’s euro-denominated debt.
13th February 2020 Sayenko Kharenko has acted as legal counsel to a successful international consortium in relation to participation in both pilot tenders for the concession of Kherson and Olvia seaports. The concession projects provide for the operation and maintenance of functioning seaport infrastructure by the investor for periods of 30 and 35 years respectively.
13th February 2020 Sayenko Kharenko has advised Getin Holding S.A. (one of the biggest privately owned Polish financial groups headquartered in Wroclaw and one of the biggest companies listed on the Warsaw Stock Exchange (mWIG40 Index)) on signing of the agreement on sale of 100% shares in Idea Bank JSC to Dragon Capital group of companies, together with a private investor.
13th February 2020 Sayenko Kharenko has acted as legal counsel to the Joint Stock Company “The State Export-Import Bank of Ukraine” in connection with the issue of USD 100 million subordinated loan participation notes. The notes were issued by Biz Finance Plc., which applied the total principal amount of the issue towards financing a subordinated loan to Ukreximbank. The transaction marks the revival of the subordinated Eurobond for Ukrainian borrowers – an instrument which has been dormant for over a decade. The last previous similar issue back in 2006 was also by Ukreximbank, with Sayenko Kharenko acting as legal counsel.
13th February 2020 Sayenko Kharenko acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development (EBRD) on providing a synthetic financing in local currency to three Ukrainian banks under the EU4Business initiative.
13th February 2020 Sayenko Kharenko acted as Ukrainian legal counsel to Raiffeisen Bank International and Renaissance Capital, joint lead managers of the EUR 325 million Eurobond issue by DTEK Renewables, which marks the first-ever issue of notes under the green bond framework by a business from Ukraine. A green bond is a new type of debt instrument designed to raise capital for environment-friendly initiatives.
13th February 2020 Sayenko Kharenko has acted as Ukrainian legal counsel to J.P. Morgan and ING, the joint lead managers of a USD 300 million 6.5 percent Eurobond issue by Kernel.
13th February 2020 Sayenko Kharenko acted as Ukrainian legal counsel to Deutsche Bank, Natixis and UniCredit, joint bookrunners of the dual-currency Eurobond issue by Metinvest consisting of USD 500 million 7.75% tranche and EUR 300 million 5.625% tranche.
13th February 2020 Sayenko Kharenko acted as Ukrainian legal counsel to J.P. Morgan and ING, the joint lead managers of the USD 350 million 6.25 per cent Eurobond issue by MHP.
13th February 2020 Sayenko Kharenko acted as legal counsel to the European Bank for Reconstruction and Development (EBRD) on providing up to EUR 116 million loan to Kronospan UA, a manufacturer of wood-based panels, to finance its capital expenditure.
13th February 2020 The Sayenko Kharenko antitrust team has provided legal assistance in obtaining merger clearance with the Antimonopoly Committee of Ukraine (the “AMC”) for the spinoff and merger of GE’s Transportation business with Wabtec Corporation. The USD 11.1 billion deal was completed on 25 February 2019.
13th February 2020 Sayenko Kharenko has acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development (EBRD) in the provision of a four-year syndicated loan of up to EUR 80 million to JSC “The State Export-Import Bank of Ukraine” (Ukreximbank). The EBRD provides up to EUR 40 million on its own account, with up to EUR 40 million provided by foreign participants.
13th February 2020 Six months of joint efforts by the Sayenko Kharenko IP Practice, the Cyber Police and the Main Investigation Department of the National Police of Ukraine have resulted in the elimination of a criminal group that specialized in the manufacturing and wholesale distribution of counterfeited laundry and household products carrying globally-known brands. These counterfeit products were produced in different facilities located in the Transcarpathian region of Ukraine, then labeled and distributed as originals throughout Ukraine, Slovakia, Hungary and Romania. Around 60 tons of counterfeited chemical produce was produced every month by the operation.
11th February 2020 Sayenko Kharenko has acted as Ukrainian legal counsel to JP Morgan and Dragon Capital, the joint lead managers of the Eurobond tap issue by Ukrainian Railways, the exclusive state-owned provider of rail transportation services in Ukraine.
11th February 2020 Sayenko Kharenko has acted as Ukrainian legal counsel to JP Morgan and Dragon Capital, the joint lead managers of a USD 500 million Eurobond issue by Ukrainian Railways, the exclusive state-owned provider of rail transportation services in Ukraine.
11th February 2020
Sayenko Kharenko has acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development (EBRD) on providing of up to EUR 5.3 million financial package to Bank Lviv.
11th February 2020
Sayenko Kharenko has successfully protected the rights of the Public Joint Stock Company “State Savings Bank of Ukraine” (Oschadbank) before the Supreme Court. The case related to claims by Oschadbank against a number of co-defendants and a foreign bank for protection of the right to a trademark and has been under consideration as a commercial proceeding since 2016.
11th February 2020 Sayenko Kharenko’s international trade team has represented the interests of JSC “Ilyich Iron and Steel Works of Mariupol” (a Ukrainian producer of galvanized sheets) in an anti-dumping investigation related to imports of galvanized sheets into Ukraine originating from Russia and China.
11th February 2020 Sayenko Kharenko has acted as Ukrainian legal counsel to Citigroup, Renaissance Capital and UBS Investment Bank, joint bookrunners in the issue of USD 300 million secured notes due 2024 by TransOil Group of Companies, a vertically integrated agro-industrial holding with operating facilities in Moldova and Ukraine.
11th February 2020 Sayenko Kharenko has acted as legal advisor to Huhtamaki Foodservice Ukraine (the “Company”), a subsidiary of the world’s largest packaging manufacturer in the foodservice segment – Huhtamaki Oyj, in connection with the launch of production in Ukraine.
11th February 2020 The IP practice attorneys of Sayenko Kharenko have defended the rights of Scotch whisky producers in a court case brought by a Ukrainian beverage producer challenging an Antimonopoly Committee of Ukraine (AMCU) decision.
11th February 2020 Sayenko Kharenko’s international trade team has represented the interests of Kyivguma LLC (a Ukrainian producer of rubber caps for medical purposes) in an anti-dumping investigation related to imports into Ukraine of rubber caps for medical purposes originating in Poland and China.
11th February 2020
Sayenko Kharenko has acted as Ukrainian legal counsel to BNP Paribas and Goldman Sachs International, the joint lead managers of Ukraine’s new benchmark EUR 1 billion Eurobond issue.
11th February 2020 Sayenko Kharenko has successfully represented the interests of a Ukrainian company that is the owner of a land plot in the Kyiv region during reconsideration of commercial court decision based on newly discovered circumstances.
11th February 2020
Sayenko Kharenko has represented a shareholder in a corporate dispute with one of the largest machine-building enterprises in Europe for the production of equipment for the oil, gas, nuclear and chemical industries.
11th February 2020 Sayenko Kharenko has acted as Ukrainian legal counsel to Bergner group on the acquisition of a majority interest in a Ukrainian distribution company, and on the establishment of a joint venture with a local partner aimed at developing the distribution network for Bergner products in Ukraine.
11th February 2020 Sayenko Kharenko has successfully represented the interests of one of the largest construction companies in Ukraine in litigation concerning the termination of a contract relating to a complex development project.
31st January 2020 Sayenko Kharenko advised on the landmark EUR 1.25 billion Eurobond issue by Ukraine Sayenko Kharenko has acted as Ukrainian legal counsel to BNP Paribas, JP Morgan and Raiffeisen Bank International, the joint lead managers of Ukraine’s record-setting EUR 1.25 billion Eurobond issue. The notes have a 10 year tenor and bear a coupon of 4.375 % per annum, which is the lowest pricing for Ukraine’s euro-denominated debt. Partner Nazar Chernyavsky commented: “We are delighted to have been a part of one of the most prominent capital markets transaction by Ukraine to date. Ukraine has finally tapped the Euro securities market and increasingly high demand for the Ukrainian debt proved the growing confidence of diverse investors in the country’s long-term potential.” Sayenko Kharenko’s team was led by Igor Lozenko and included associates Oles Trachuk, Yurii Dmytrenko, and junior associates Oleksandra Maksymenko and Oleksandr Motin.
31st January 2020 Sayenko Kharenko is boosting its antitrust & competition and banking & finance practices with the promotion of two market stars to partner status – Valentyna Hvozd and Igor Lozenko respectively. These promotions are a result of their significant professional growth inside the firm, their considerable market success, and their ability to consistently surpass expectations and deliver the best results for clients.
5th September 2018
Sayenko Kharenko contributing to legal framework for consulting engineers in Ukrainian construction projects
Sayenko Kharenko's lawyers have actively participated in a working group to develop a legislative framework to regulate the role of independent consulting engineers in construction projects implemented in Ukraine.
12th June 2018
Sayenko Kharenko advises Porsche Ukraine Group companies on business security issues
Sayenko Kharenko acts as the Ukrainian legal counsel to Porsche Ukraine Group companies, including Porsche Ukraine LLC and Porsche Inter Auto Ukraine LLC. Sayenko Kharenko’s white collar criminal defence team will provide complex legal support on all issues that may arise in connection with the companies’ business activities in Ukraine. 2018.06.11_sayenko_kharenko_press-release_porsche_eng
12th June 2018
Who’s Who Legal: Competition 2018 recognizes four Sayenko Kharenko’s experts among the world’s leaders
Sayenko Kharenko’s competition team has recently received excellent rankings in Who's Who Legal's 2018 guides to the world's top competition law experts. Four Sayenko Kharenko’s lawyers are recognized in this year’s list: Vladimir Sayenko, Valentyna Hvozd, Maksym Nazarenko and Dmitry Taranyk. Sayenko Kharenko has more individuals listed than any other Ukrainian law firm in the research. 2018.06.04_sayenko_kharenko_wwl_competition_eng
22nd May 2018
Sayenko Kharenko advised on the largest refinancing by Ukrainian corporate
Sayenko Kharenko acted as Ukrainian legal counsel to Deutsche Bank, ING, Natixis and UniCredit, joint bookrunners of the USD 1.592 million Eurobond issue by Metinvest B.V., a holding company of the largest in Ukraine and one of the largest CIS producers of iron ore raw materials and steel.
18th April 2018
Sayenko Kharenko advised the world’s largest brewing corporation in respect of creating of a joint venture
Sayenko Kharenko has acted as Ukrainian legal counsel to Anheuser-Busch InBev S.A./N.V. (AB InBev) and SUN InBev Ukraine in relation to the combination of the Russian and Ukrainian businesses and assets of AB InBev and Anadolu Efes Biracilik ve Malt Sanayii AS (Efes), two of the world’s largest brewing companies, and the creation of a joint venture. Cleary Gottlieb Steen and Hamilton LLP acted as AB InBev’s global counsel, while Efes was represented by Norton Rose Fulbright LLP.
6th April 2018
Sayenko Kharenko has represented the interests of Group DF in an interim review of anti-dumping measures applied to imports into Ukraine of nitrate ammonium originating in the Russian Federation 2018.04.04_sk_group_df_eng
22nd March 2018
Sayenko Kharenko advises Ukreximbank on successful UAH 4 billion repeat of hryvnia-denominated Eurobond
Sayenko Kharenko has acted as Ukrainian legal counsel to JSC “The State Export-Import Bank of Ukraine” in connection with UAH 4,051,000,000 (approximately USD 150,000,000) 16.5 per cent. Loan Participation Notes due 2021. Citigroup Global Markets Limited and J.P. Morgan Securities plc acted as joint lead managers for the issue. sk_ukreximbank_uah_lpn_press-release_eng
13th March 2018
Sayenko Kharenko is pleased to announce the promotion of five new partners in six of the firm's market-leading practices: banking & finance, capital markets, corporate & M&A, international arbitration, international trade, and private wealth management.
13th March 2018
Sayenko Kharenko acted as Ukrainian legal counsel in connection with the USD 250 million financing to State Enterprise "National Nuclear Energy Generating Company "Energoatom" (Energoatom), operator of all running nuclear power plants in Ukraine.Read more...
13th March 2018
Sayenko Kharenko acted as Ukrainian legal counsel to Joint Stock Company “The State Export-Import Bank of Ukraine” (Ukreximbank) in connection with the inaugural deal within the USD 1 billion framework agreement between Public Joint Stock Company Ukrainian Railways (Ukrzaliznytsya) and General Electric Transportation relating to the purchase, modernization and leasing of GE locomotives. Read more...
29th January 2018
Sayenko Kharenko has acted as legal counsel to the Nordic Environment Finance Corporation (NEFCO) in relation to a EUR 30 million loan to Ukraine intended to boost energy efficiency programs at Ukrainian universities. 2018.01.24_sk_news_nefco
Legal Developments2nd July 2020 Sayenko Kharenko acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development (EBRD) on providing an up to EUR 7.5 million synthetic loan in local currency to Bank Lviv under the EU4Business-EBRD Credit Line. The synthetic structure of the loan provides access to long-term UAH funds to eligible SME borrowers of Bank Lviv.
19th June 2020 Sayenko Kharenko acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development (EBRD) on providing a four-year loan of up to EUR 15 million equivalent to OTP Leasing. The loan will be available for disbursement as a UAH synthetic and/or a EUR denominated facilities. It will enable OTP Leasing to finance long-term leases to small and medium-size enterprises (SMEs) across Ukraine despite the current market situation caused by the outbreak of the coronavirus pandemic.
4th June 2020 Sayenko Kharenko has acted as legal counsel to Promprylad. Renovation, the largest impact-investment enterprise in Ukraine.
4th June 2020 Sayenko Kharenko has acted as legal counsel to OH Holding Limited in relation to the sale of a 51% stake in the Luxoptica group of companies (Luxoptica Group) and the creation of a joint venture with Essilor Nederland Holding B.V., a subsidiary of EssilorLuxottica, the world’s largest manufacturer of eyewear products.
4th June 2020 Sayenko Kharenko successfully defended interests of a group of companies (the “Group”) owning one of the largest plants in Ukraine producing organic material used in the chemical industry and the fuel and energy sector.
24th May 2020 The intellectual property team of Sayenko Kharenko has successfully defended the interests of the world-famous German pharmaceutical manufacturer Bayer AG (Bayer) in the Supreme Court. In early 2018, the defendant imported products including the invention protected by a patent for the active substance “Rivaroxaban”.
24th May 2020 Criminal proceedings for tax evasion totaling 2.4 billion hryvnia have been closed due to lack of corpus delicti.
21st May 2019
Sayenko Kharenko has acted as Ukrainian legal counsel to VR Capital on the acquisition of 50% of shares in Nicken Holdings LTD from Investment Capital Ukraine (ICU).
21st May 2019
Sayenko Kharenko has acted as legal counsel to private equity firm Horizon Capital regarding acquisition of a minority stake in Dobrobut, the leading private healthcare provider in Ukraine. Dobrobut operates a network of private clinics and hospitals in Kyiv staffed by qualified professionals and equipped with modern medical equipment, providing quality care to their patients.
21st May 2019
Sayenko Kharenko has acted as Ukrainian legal counsel to Deutsche Bank as the lender and arranger of a EUR 529 million facility extended to Ukraine under a guarantee from the International Bank for Reconstruction and Development.
Sayenko Kharenko acts as legal counsel to DTEK Renewables for construction of Primorskaya WEP with a21st May 2019
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 advises VR Capital on establishment of a joint venture to develop solar power plant21st May 2019
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 advises EBRD on synthetic UAH loan facility to Ukreximbank to support small and med21st May 2019
Sayenko Kharenko has acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development (EBRD) on providing a dual-tranche UAH-denominated loan equivalent to USD 25 million to JSC “The State Export-Import Bank of Ukraine”. The synthetic local currency loan provides access to UAH loan funds for eligible SME borrowers.
22nd March 2019
Sayenko Kharenko wins twice atThe Lawyer European Awards 2019
Sayenko Kharenko won the titles of Law firm of the year: Russia, Ukraine and the CIS and European energy and infrastructure deal of the year at The Lawyer European Awards 2019. The firm is the only one on the Ukrainian market ever to have won two accolades in a single year. Please click here for more information.
16th January 2019
Sayenko Kharenko announces new partner promotion
Sayenko Kharenko is delighted to announce the appointment of Maksym Nazarenko as a new partner in the firm’s antitrust & competition practice. Click here.
22nd November 2018
Svitlana Musienko joins Sayenko Kharenko as a partner
Sayenko Kharenko has strengthened its tax practice with a new partner hire. Svitlana Musienko brings 20 years of professional experience advising major international companies and the largest Ukrainian business groups on domestic and international tax planning, transfer pricing, tax issues, corporate law, and investment structuring.
Prior to joining Sayenko Kharenko, Svitlana worked as a partner heading the tax practice at an international law firm and as a senior manager at one of the Big Four accounting firms. She has been involved in some of the most significant corporate restructuring and high-profile tax due diligence projects in Ukrainian history. In addition, Svitlana is actively involved in policy and legislative initiatives in the areas of tax and transfer pricing.
Partner Vladimir Sayenko welcomes new partners team member: “We are proud to welcome Svitlana on board. She is a recognised expert in Ukrainian tax law with many years of experience leading the tax practice at a multinational law firm. We have no doubt that under Svitlana’s supervision our tax practice will continue to develop into a true market leader.”
22nd November 2018
Sayenko Kharenko’s energy practice acquired top industry talent to consolidate all of the firm’s work and expertise in the sector
Maryna Hritsyshyna joins Sayenko Kharenko after spending almost seven years at WIND POWER LLC, sub-holding of DTEK RENEWABLES.
Maryna specializes in renewables projects, energy market, and dispute resolution in the energy sector. Being responsible for the legal support of complex projects in the renewable energy sector, she has accumulated extensive experience of drafting and negotiating a wide range of agreements, including wind turbine supply and installation agreements, turnkey agreements (including, EPC under FIDIC forms), service agreements, and re-negotiation of existing contracts. Her expertise also covers all legal issues related to the construction of renewable energy projects, as well as regulatory issues relating to the grid connection, offtake contracts and tariffs. In addition, Maryna is a certified business-mediator of Energy Community Secretariat’s Dispute Resolution and Negotiation Centre.
21st November 2018
Sayenko Kharenko advised on USD 2 billion dual-tranche Eurobond issue by Ukraine
Sayenko Kharenko acted as Ukrainian legal counsel to BNP Paribas, Goldman Sachs, Citigroup and J.P. Morgan Securities, joint lead managers of USD 2 billion Eurobond issue by Ukraine.
The issue comprises USD 750 million notes due 2024 and USD 1.25 billion notes due 2028. A share of proceeds of the new issue has been used by Ukraine to redeem its USD 725 million zero coupon notes issued for the purposes of bridge financing earlier in 2018, while the remaining funds will be applied for general budgetary purposes of the sovereign. The issue took place on the back of prolonged negotiations between Ukraine and IMF and gives a positive signal that international capital markets are still open for the Ukrainian debt.
Igor Lozenko and Nazar Chernyavsky led Sayenko Kharenko’s team working on the transaction, which included Denis Nakonechnyi, Yurii Dmytrenko, Oles Trachuk and Vira Pankiv. sk_press-release_eurobonds_eng
21st November 2018
Sayenko Kharenko advises AB InBev Efes B.V. on mandatory tender offer and sell-out procedures with respect to SUN InBev Ukraine
Sayenko Kharenko has acted as Ukrainian legal counsel to AB InBev Efes B.V. with respect to acquisition of shares of PJSC “SUN InBev Ukraine” from minority shareholders under the new procedures for mandatory tender offer (the MTO) and sell-out recently introduced to Ukrainian law.
31st October 2018
Kharenko has advised AXA Group (France), a global leader in insurance and asset management, and UkrSibbank on the sale of PrJSC "Insurance company "AXA Insurance" and ALC "Insurance company "AXA Life Insurance" to Fairfax Financial Holding Limited (Canada).
2nd October 2018
Sayenko Kharenko advised Mriya Agro Holding on the successful debt restructuring and subsequent sale
Sayenko Kharenko has advised Mriya Agro Holding for several years in connection with USD 1.1 billion debt restructuring. 13 unsecured bank credits, 7 suppliers’ credits, 1 ECP programme and 2 issues of Eurobonds were restructured in a single secured debt instrument. Due to this unprecedented restructuring, the total debt of the new Mriya Group has decreased from USD 1.1 billion to USD 309.5 million.