Firm Profile > Avellum > Kiev, Ukraine
38 VOLODYMYRSKA STREET
Avellum > The Legal 500 Rankings
‘They are very responsive. Clearly they are very immersed in their sectors – their knowledge about the energy market and how that bears on project financing is excellent. It is a firm I recommend to colleagues with confidence.‘
‘Glib Bondar delivers promptly and effectively and is a pleasure to deal with. The team enables us to deliver a seamless service to clients.‘
‘The well-organised banking team, well led by Glib Bondar, is able to combine an international approach with deep expertise and practical advice on Ukrainian law issues.’
‘Glib Bondar brings presence and gravitas. He is available to step in when required and can co-ordinate and deliver the more sophisticated work.‘
‘Oleg Krainskyi is responsive and organised.‘
‘We receive an excellent service from Avellum and they understand us and our clients. They interface particularly effectively with the Ministry of Finance and others in the public and state-owned sector in Ukraine.‘
Ministry of Finance of Ukraine
White & Case LLP
Latham & Watkins LLP
European Bank for Reconstruction and Development (EBRD)
ING Bank N.V.
Deutsche Bank AG
Amsterdam Trade Bank N.V.
Coöperatieve Rabobank U.A.
MHP (Myronivsky Hliboproduct)
Citigroup Global Markets Limited
J.P. Morgan Securities plc
Slobozhanska Budivelna Keramika
Avellum has 'highly professional and extremely good negotiators' in a practice that has a prominent role in the largest domestic M&A transactions and also supports international law firms in global corporate deals. The firm also has extensive experience in deals involving private equity firms. Horizon Capital, Goldman Sachs and Concorde Capital are among its key clients. Mykola Stetsenko, who has experience in acquisitions, joint ventures, IPOs and corporate governance, leads the practice with Yuriy Nechayev, who focuses on M&A and private equity. Senior associate Andriy Romanchuk is recommended for his advice on commercial transactions.
‘They resolved our issue in a short period and were well-oriented in different matters.‘
‘Yuriy Nechayev and Andriy Romanchuk are highly recommended.‘
‘A unique practice given the in-depth knowledge and engagement of the partners and associates.’
‘Yuriy Nechayev and Maksym Maksymenko stand out as professional and extremely strong negotiators.‘
Goldman Sachs Group, Inc.
Investment Capital Ukraine (ICU)
Diligent Capital Partners
SM Invest Construction BV
Jacobs Dowe Egberts
Competition Tier 1
Avellum's practice continues to strengthen its market position, advising on the competition aspects of a growing number of high-profile M&A transactions. Mykola Stetsenko and Yuriy Nechayev lead the practice, which also covers concerted practices, cartels and market investigations, abuse of dominance, unfair competition, compliance programmes, litigation, state aid and public procurement matters, and is particularly active in the agricultural sector. Counsel Yaroslav Medvediev advises a range of Ukrainian and international clients, particularly on merger control and concerted practices notifications.
“The firm has a unique practice due to the in-depth knowledge and engagement of the partners and associates. It is highly professional and has extremely good negotiators.”
“Yuriy Nechayev and Maksym Maksymenko stand out as professional and extremely strong negotiators.”
Abbeydrift Limited (part of Diligent Capital Partners)
MTB Bank (former Marfin Bank)
responsAbility Investments AG
UFuture (former Kyiv Investment Group)
Employment Tier 1
Avellum's co-managing partner Mykola Stetsenko oversees the employment practice, which frequently handles employment matters arising from large multi-jurisdictional M&A deals and business spin-offs. It also advises on sensitive matters related to the dismissal and appointment of top-level managers, as well as the preparation of employment policies and procedures. Litigator Vadim Medvedev handles complex contentious matters. The practice acts for companies from the pharmaceuticals, IT, manufacturing, FMCG, agriculture and banking sectors, including Hitachi and Novartis.
Man Truck & Bus Gmbh
Drylock Technologies N.V.
International trade Tier 1
Avellum has 'a very effective team that handles matters very professionally with a "hands-on" approach'. The firm handles a high proportion of Ukraine's agricultural export transactions, and advises five of the country's largest agri-businesses. It is the local representative of the Grain and Feed Trade Association (GAFTA). Head of trade Iryna Moroz, head of litigation Aminat Suleymanova and head of international arbitration Ivan Kasynyuk frequently act in commodity arbitrations in London.
‘The firm is nice to interact with. Its strength is its understanding of the legal issues that are not obvious. Certainly a good firm to work with.’
‘Iryna Moroz is definitely a skilled lawyer who manages to balance a solid legal background with a calm and friendly savoir-faire.’
‘The firm provides a high level of support in arbitration processes and pre-arbitration settlements. I recommend Ivan Kasynyuk.’
NCH Capital Inc. (UK)
Harvest Group S.A.
State Food Grain Corporation of Ukraine, PJSC
ADM Company GmbH
Posco Daewoo Corporation
COFCO Agri Resourses LLC
Myronivsky Hliboproduct (MHP)
DTEK Holdings Limited
Louis Dreyfus Company
Olam International Limited
Astarta Holding LLC
Shyntomer Speciality Addictives
GAFTA Kyiv Office
Granum, part of Globex Inernational
Marcopolo Commodities SA
Industrial Group Vioil
Ronly Holdings Ltd (UK)
Smart Trade Overseas SA
Harvest Group SA
Fergus Kazakhstan LLP
Iliotropion Trade & Services LTD
Kolo Agrarhandel GmbH
Mimier Trade SA
Kazansky Oil Extraction Plant (Russia)
RMD Grains SAL
Ligo General Trading FZE
Ambar Export/Bizon Tech
Top Grain LTD
AK Commodities S.A
Private client Tier 1
Avellum provides 'top legal and tax consulting services in Ukraine when it comes to private client-related matters'. Co-heads of family law Aminat Suleymanova and Iryna Moroz, and co-heads of wealth management Mykola Stetsenko and Vadim Medvedev lead the practice. Senior associate Oleksandr Gubin is recommended for international family law. The firm excels in tax, trusts, immigration and family law.
‘There are experienced partners and young associates which brings a good combination of expertise and innovation. The key strength of the team is its knowledge and experience in very specific and complex legal areas.‘
‘We worked closely with new partner Vadim Medvedev. We were very satisfied with his level of expertise, client-oriented approach and fast question-answer delivery.‘
‘I would describe Avellum’s private client practice as strong legal professionals. I would like to highlight their dedication to cases. They were very helpful and continued to be throughout our case.‘
‘Aminat Suleymanova has exceptional and unparalleled experience. She provides solid, sensible advice and is a true leader.‘
‘Iryna Moroz is a real expert in international abduction cases. She can be characterised as a professional rendering outstanding analysis and dedicated reasoning.‘
‘Oleksandr Gubin has deep knowledge of the matters. He is competent, prompt and always available when needed. He is focused and flexible to the needs of the client.‘
‘Vadim Medvedev is a top lawyer with a good vision, technical knowledge and expertise.‘
‘The firm is professional, accurate and efficient.‘
Mr. Petro Poroshenko
Real estate and construction Tier 1
Avellum handles real estate finance work, construction projects and the property aspects of large M&A transactions. Among its clients are EBRD and Goldman Sachs. Mykola Stetsenko and counsel Maksym Maksymenko jointly lead the practice, which handles some of the largest real estate transactions in Ukraine, which are often structured as share deals and leverage the firm's leading corporate practice. Clients praise the team as 'highly professional with extremely good negotiators'.
‘I have had a good experience with Avellum during my long co-operation with the firm.‘
‘Andriy Romanchuk, Yuriy Nechaev, Maksym Maksymenko and Daryna Mykhailenko are truly professional advisers.‘
‘It has a unique practice, given the in-depth knowledge and engagement of the partners and associates.‘
Investment Capital Ukraine
Goldman Sachs Group, Inc
SM Invest Construction B.V.
Tax Tier 1
Avellum stands out for its work on international tax planning projects, with its expertise in the tax law of the US and other jurisdictions enabling it to handle complex tax structures, vehicles and arrangements, as well as complex litigation. Practice head Vadim Medvedev is 'responsive, knowledgeable, highly qualified and client-oriented'. He leads a sizeable team praised for its 'intelligent and enthusiastic' associates, including Anton Zaderyholova. The firm is a key adviser to large corporates, financial institutions and government departments including the Ministry of Finance of Ukraine, Caterpillar and Citigroup.
‘I have worked with the tax team at Avellum on a number of matters and they have always been extremely responsive, knowledgeable, professional and ethical. They are focused on international and cross-border tax issues and have very good knowledge of US tax law, as well as deep expertise in Ukrainian tax law.‘
‘Vadim Medvedev leads the team and has been a pleasure to work with. He is responsive, knowledgeable and both gives and takes advice in a very professional manner. I have also worked with three associates — Oles Bidnoshyia, Anton Zaderyholova and Yelyzaveta Kravtsova — and, while young, they are intelligent and enthusiastic, and I believe will develop into fine international tax lawyers.‘
‘Vadim Medvedev is highly qualified and client-oriented.‘
The Ministry of Finance of Ukraine
Jacobs Douwe Egberts
Deutsche Bank AG
LLC “Wings and Freeman Capital Ukraine”
Podilskyi Energoconsulting LLC
Dispute resolution Tier 2
Avellum significantly expanded its dispute resolution capability in 2018 through its merger with Aga Partners and has since built a strong standing in the market for cross-border and domestic litigation, including GAFTA/FOSFA arbitrations and family disputes. Vadim Medvedev leads the group, which handles commercial and tax litigation in the domestic courts and acts for international and local clients on debt recovery and enforcement matters. Clients appreciate the team's 'reliable and clear advice and deep understanding of Ukrainian law'. Senior associate Andriy Fortunenko is highly recommended.
‘Good teamwork thanks to well-prepared professionals in the various segments: partners, senior associates and associates. International trade partner Iryna Moroz has a deep understanding of legal issues, is quick to get to the point and is a pleasure to work with.‘
‘We received reliable and clear advice. Attorneys who advised us were fluent in English, which facilitated communication compared to other firms which we worked with in Ukraine. They also properly follow-up our matters.‘
‘Avellum’s team is strong in all aspects of dispute resolution. Very knowledgeable and responsive, available 24/7 and it has a truly international approach.‘
‘Andriy Fortunenko is a rising star in domestic litigation and white-collar crime. He is well-versed in the practical aspects of the process.‘
‘Vadim Medvedev is prominent in commercial and tax litigation. He is committed to non-trivial solutions for extremely complex problems. Excellent management skills and impressive availability.‘
‘Avellum combines a deep understanding of Ukrainian law with an impressive ability to explain it in clear terms to an outsider.‘
‘Mykola Stetsenko is extremely quick, thorough and has excellent judgement.‘
State Food and Grain Cooperation of Ukraine
Mriya Agro Holding Plc.
Ferrexpo Yeristovo Mining
PJSC “Myronivsky Hliboproduct”
Luxoft Eastern Europe
Jacobs Douwe Egberts Ukraine
Energy Tier 2
Avellum handles corporate and finance matters in the renewable energy, oil and gas, power, nuclear, mining and metals sectors. Senior partner Glib Bondar leads the energy, finance and debt restructuring practices. He handles financings, capital markets issuances and debt restructuring matters arising from energy and infrastructure projects. Much of the firm's work involves the development, acquisition, disposal and financing of energy projects for international and large local investors.
European Bank for Reconstruction and Development
Citigroup Global Markets Limited
Deutsche Bank AG
Investment Capital Ukraine
SM Invest Construction B.V.
Nederlandse Financierings – Maatschappij voor Ontwikkelingslanden N.V. (“FMO”)
Nordic Environment Finance Corporation (“NEFCO”)
Swedfund International AB
Intellectual property Tier 3
Avellum 'has gained valuable legal experience regarding controversial issues connected to the current legislation and it ensures timely and rapid answers to clients' questions'. Counsel Anton Polikarpov, who joined from an in-house role at Roshen Confectionery Corporation, leads the practice, which has been increasingly active advising on the IP aspects of large, cross-border M&A transactions, and also has experience in key areas such as software licensing and litigation.
‘We appreciate the high level of the team’s personal involvement in our case. The team helped to choose the most successful strategy. Attention to detail, deep knowledge of the subject, creativity and effectiveness were the standout features of the team.‘
‘Anton Polikarpov stands out because he has worked in-house before and knows clients’ needs. The practice has some of the best expertise in the market.‘
‘Anton Polikarpov meets the client’s needs and has deep expertise in the IP field.‘
Roshen Confectionery Corporation
Kaufland Dienstleistung GmbH & Co. KG.
Louis Vuitton Malletier
Avellum > Firm Profile
AVELLUM is a leading Ukrainian full service law firm with a key focus on finance, corporate, dispute resolution, tax, real estate, and antitrust. Its aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions. The firm builds lasting relationships with its clients and makes them feel secure in new uncertain economic and legal realities. By using the firm’s first-hand knowledge, broad industry experience and unparalleled level of service, it delivers the best results to its clients in their business endeavours. The firm’s partners take an active role in every transaction and ensure smooth teamwork. AVELLUM seamlessly cooperates with leading international law firms in course of multijurisdictional transactions.
Effective 9 July 2018, AVELLUM and A.G.A. Partners announced their strategic combination. The new firm operates under AVELLUM brand.
Recent work highlights
- Advised the Ministry of Finance of Ukraine on the stateguaranteed USD250m loan to SE ‘NNEGC ‘Energoatom’;
- Advised the Ministry of Finance of Ukraine on the financing for the purchase of more than 25 Airbus helicopters for four strategic services of Ukraine: the National Guard of Ukraine, the State Border Guard Service of Ukraine, the State Emergency Service of Ukraine and the National Police of Ukraine;
- Advised the Ministry of Finance of Ukraine on the EUR 349.3m term loan facility arranged by Deutsche Bank and backed by an International Bank for Reconstruction and Development (IBRD) policy-based guarantee.
- Advised the Ministry of Finance of Ukraine on its USDbln issue of 7.375% Eurobonds due 2032, which involved tender offer of existing Eurobonds, and on the private placement of USD725m short-term external sovereign bonds 2019;
- Advised MHP SE on the benchmark USD550m, 8 year, 6.95% Eurobond issue coupled with the cash tender offer for MHP’s USD495.6m aggregate principal amount;
- Advised joint lead managers on UAH4.051bn Eurobond offering by JSC ‘Ukreximbank’, 16.5% loan participation notes due in 2021.
- Advised EVO Group, the Ukrainian e-commerce market leader, on its merger with Rozetka, the leading online retailer and marketplace based in Ukraine;
- Advised PJSC ‘Ukrainian Railway’ on its long-term USD1bn collaboration with General Electric Company, aimed at renewal and modernisation of the locomotive park;
- Advised Horizon Capital on the disposal of 90% stake in Ergopack Group in favour of Sarantis Group;
- Advised the seller on the sale of Karavan hypermarket chain to Auchan Group;
- Advised Diligent Capital Partners in acquisition of 16% equity stake in Allseeds SA;
- Advised on the merger of PJSC “MTB Bank” and PJSC “Commercial Bank “Center”, which created a much stronger bank, ranked among top 50 banks in Ukraine.
- Advised Uber International C.V. on obtaining a merger control clearance from the Antimonopoly Committee of Ukraine for the creation of a joint venture with Yandex, the new company is valued at USD3.8bn;
- Advised Horizon Capital on obtaining a merger control clearance from the Antimonopoly Committee of Ukraine for the sale of Ergopack to Sarantis Group;
- Advised EVO Group, the Ukrainian e-commerce leader in the marketplace segment, on obtaining a merger control clearance of the Antimonopoly Committee of Ukraine for the merger with Rozetka Group;
- Advised one of the leading Ukrainian agricompanies on obtaining a record number of 34 merger control clearances from the Antimonopoly Committee of Ukraine within one large project for the previous violations of the merger control regime under the amnesty procedure.
- Represented several litigants in the High Court of Justice, with the total amount in dispute reaching USD1.13bn;
- Represented the state of Ukraine in USD300m investment arbitration;
- Acted as experts on Ukrainian law in eight landmark investor-state arbitrations of total amount exceeding USD2bn;
- Represented LSE listed Ferrexpo Plc in the litigations between its subsidiaries concerning the claims in the amount of over USD150m;
- Represented Agroprosperis in FOSFA Arbitration, awarding USD10.5m in client’s favour and further recognition and enforcement in a dispute dealing with Russian import ban;
- Represented Česká Exportní Banka before Ukrainian courts in multiple litigations against a Ukrainian borrower in relation to dissipation of mortgaged assets securing USD37m loan.
- Advised Deere & Company on employment matters in the USD5bn acquisition of Wirtgen Group;
- Advised ClinTec International on various employment issues and has been providing complex employment support to the Ukrainian subsidiary since its establishment;
- Advised Nordcurrent, a Baltic game development company, on various employment matters related to its acquisition of Blam! Games Studios.
- Advised Investment Capital Ukraine on the sale of 50% stake in the project company to VR Capital Group and further establishment of two joint ventures to develop 63.8 MW and 34.75 MW solar power plants in Khmelnytskyi and Kherson regions;
- Advised Kernel, the world’s leading and the largest Ukrainian producer and exporter of sunflower oil, on regulatory framework for implementation of biogas projects in Ukraine;
- Advised EBRD and Black Seas Trade and Development Bank in connection with a senior secured loans in the total amount of up to EUR36,28m to Rengy Bioenergo LLC to finance the construction and operation of a solar PV plant in Mykolaiv region for an aggregate installed capacity of 47MW.
- Represented a leading Ukrainian state-owned powergenerating company in the USD4 mln LCIA arbitration regarding the quality of shipped products;
- Advised COFCO Agri on USD5m dispute regarding the quality of the supplied products to the EU;
- Represented Ukrlandfarming in GAFTA arbitration in a dispute regarding the guarantee obligation in reference to contract for supply of goods USD5m in total.
- Advised EBRD on a senior secured loan of up to EUR5.6 mln to the LLC ‘Ekotechnik Shyroke’ on development, construction, and placing into operation of a 7.0 MW solar power plant in Ukraine;
- Advised EBRD on a senior secured loan of up to EUR9.5 mln to Nova Poshta on financing the design and construction of a new automated parcel-sorting terminal in the City of Khmelnytskyi and purchasing the equipment;
- Advised Goldman Sachs International on acquisition together with Dragon Capital of Horizon Park Business Center.
- Advised Metinvest Group on the refinancing of its USD2.271bn debt consisting of USD1.592bn issue of new Eurobonds and the amendment and restatement of its pre-export finance facility;
- Advised on restructuring of USD470m outstanding loan participation notes issued by Mriya Agro Holding Plc in the context of restructuring of its USD1bn debt and represents the Noteholders’ Committee of Mriya in USD644m multiple bankruptcy proceedings against Ukrainian suretyship providers;
- Advised the City of Kyiv in regards to two exchange offer Notes of USD550m in total, 8%, 2015 and 9.375%, 2016.
- Advised PJSC ‘Ukrainian Railway’ on the tax treatment of the transaction of USD1 bln collaboration with General Electric for the supply of up to 225 new and modernisation of 75 currently operating locomotives, including advise on tax provisions to the framework and financial lease agreements covering 30 locomotives;
- Advised the LSE listed UK Company on compliance of its operations in Ukraine with Ukrainian tax law, including risk assessment and development of the tax compliance procedures and guidance;
- Advising MTI Group on tax issues related to the transfer of shares and assets in course corporate restructuring of its business.
|Banking & Finance||Glib Bondarfirstname.lastname@example.org|
|Family Law||Iryna Morozemail@example.com|
|International Arbitration||Ivan Kasynyukfirstname.lastname@example.org|
|Tax & Transfer Pricing||Vadim Medvedevemail@example.com|
|Capital Markets||Glib Bondarfirstname.lastname@example.org|
|Energy & Natural Resources||Glib Bondaremail@example.com|
|International Trade||Iryna Morozfirstname.lastname@example.org|
|Intellectual Property||Anton Polikarpovemail@example.com|
|IT Law||Anton Polikarpovfirstname.lastname@example.org|
|Banking & Finance||Maria Tsabalemail@example.com|
|Private Client||Aminat Suleymanovafirstname.lastname@example.org|
|Private Client||Vadim Medvedevemail@example.com|
|Real Estate||Maksym Maksymenkofirstname.lastname@example.org|
|Mr Glib Bondar||View Profile|
|Mr Oleksandr Gubin||View Profile|
|Mr Ivan Kasynyuk||View Profile|
|Mr Maksym Maksymenko||View Profile|
|Mr Vadim Medvedev||View Profile|
|Mr Yaroslav Medvediev||View Profile|
|Mrs Iryna Moroz||View Profile|
|Mr Yuriy Nechayev||View Profile|
|Mr Andriy Romanchuk||View Profile|
|Mr Mykola Stetsenko||View Profile|
|Mrs Aminat Suleymanova||View Profile|
Staff FiguresPartners : 7 Counsels : 5 Associates : 38
LanguagesEnglish Ukrainian Russian
MembershipsAmerican Chamber of Commerce European Business Association International Bar Association International Fiscal Association US-Ukraine Business Council
Our traditionally strong position in the Ukrainian legal market was reconfirmed in 2019 edition of the Ukrainian Law Firms. A Handbook for Foreign Clients by Yuridicheskaya Praktika.
AVELLUM’s recognition in 2019 now extends to 20 researched practices compared to 16 practices last year. 9 AVELLUM lawyers were listed as leading individuals or notable practitioners.
AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with a senior secured loan of up to EUR2.6 million to Negabarit-Service LLC (“Company”), a Ukrainian leader in the oversized and complex auto cargo transportations.
The GAFTA Board of Appeal satisfied in full the Client’s claim of approximately USD150,000 seeking compensation for damages specified in a washout agreement that were caused by the failure to comply with the contract.
AVELLUM secured a favourable award for the client in the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry (“ICAC”) for a total amount of almost USD200,000.
AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with a senior secured loan of up to EUR10 million (with an option to incease the loan up to EUR25 million) to Private Joint-Stock Company “Kyiv Cardboard and Paper Mill” (“KCPM”).
AVELLUM and A.G.A. Partners announced that two law firms have agreed to combine effective 9 July 2018. This strategic combination brings together renowned transactional practice of AVELLUM and experienced dispute resolution practice of A.G.A. Partners.
AVELLUM acted as the Ukrainian legal counsel to Uber on obtaining a merger control clearance from the Antimonopoly Committee of Ukraine for the creation of a joint venture with Yandex. The new company is valued at USD3.8 billion.
AVELLUM Advises Ukrainian Investment Firm on Establishment of Joint Venture in Renewable Energy Sector
AVELLUM acted as the legal counsel to Investment Capital Ukraine (“ICU”) on the establishment of a joint venture with VR Capital Group to develop a 63.8 MW solar power plant in Khmelnytskyi region.
AVELLUM advises EBRD on UAH/EUR multi-currency loan to Nova Poshta
AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with a senior secured loan of up to EUR9.5 million to Limited Liability Company “Nova Poshta” (“Nova Poshta”).
AVELLUM advises Nordcurrent on acquisition of Blam! Games Studios
AVELLUM acted as the Ukrainian legal counsel to Nordcurrent on the acquisition of Blam! Games Studios. Nordcurrent is the largest game development studio in the Baltic region. Blam! Games Studios is a Ukrainian game development and animation studio, which has been cooperating with Nordcurrent since 2014.
AVELLUM Advises Joint Lead Managers on Issue of Hryvnia Denominated Eurobonds by Ukreximbank
AVELLUM acted as the Ukrainian legal counsel to the joint lead managers with respect to UAH4.051 billion Eurobond offering by Joint Stock Company “The State Export-Import Bank of Ukraine (“Ukreximbank”).
AVELLUM Advises MHP on USD550 Million Eurobond Issue
AVELLUM acted as the Ukrainian legal counsel to MHP SE (“MHP”) on USD550 million, 8 year, 6.95% Eurobond issue with the benefit of the guarantees from its Ukrainian subsidiaries. The joint lead managers on the transaction were J.P. Morgan Securities plc, London Branch of ING Bank N.V., and UBS Limited.
AVELLUM Advises on Largest Refinancing for Metinvest
AVELLUM acted as the Ukrainian legal counsel to Metinvest Group (“Metinvest”) on the successful refinancing of its USD2,271 million debt consisting of USD1,592 million issue of new eurobonds (“new eurobonds”) and the amendment and restatement of its pre-export finance (“PXF”) facility allowing to secure USD765 million in the PXF facility.
AVELLUM Advises Horizon Capital on Disposal of Stake in Ergopack Group
AVELLUM acted as the lead legal counsel to Horizon Capital and certain individuals on the disposal of 90% stake in Ergopack Group in favour of Sarantis Group.
AVELLUM Advises Ukrzaliznytsia on USD1 Billion Collaboration with General Electric
AVELLUM acted as the Ukrainian legal counsel to Public Joint Stock Company “Ukrainian Railway” (“Ukrzaliznytsia”) on a USD1 billion collaboration with General Electric Company (“GE”). The project aims at renovating and modernising the locomotive fleet of Ukrzaliznytsia through a long-term joint collaboration for the supply of up to 225 new locomotives and modernisation of 75 currently operating locomotives. In 2018-2019, GE is expected to supply 30 new locomotives to Ukrzaliznytsia through a financial lease agreement with Joint Stock Company “The State Export-Import Bank of Ukraine”.
AVELLUM Advises Ministry of Finance of Ukraine on State-Guaranteed USD250 Million Loan to Energoatom
AVELLUM Advises Ministry of Finance of Ukraine on State-Guaranteed USD250 Million Loan to Energoatom
AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the state-guaranteed USD250 million loan extended to State Enterprise National Nuclear Energy Generating Company “Energoatom”.=
AVELLUM Advises Shareholder of PJSC “Commercial Bank “Center” on Increasing Its Charter Capital
AVELLUM advised Public Joint Stock Company “Commercial Bank “Center” (“PJSC CB “Center”), a regional Ukrainian bank, and its sole shareholder Mr. Hamed Alikhani on increasing the charter capital of PJSC CB “Center” to UAH200 million. AVELLUM advised the clients on a number of corporate, regulatory, and securities issues related to increasing the charter capital, and on further acquisition of new shares in PJSC CB “Center”.
AVELLUM Promotes New Partner and Counsels
AVELLUM is pleased to announce senior promotions.
Yuriy Nechayev was promoted to a partner at Corporate/M&A practice. In his new role, Yuriy will continue focusing on M&A, corporate law, and private equity.
AVELLUM Advises Deere & Company on Employment Issues Related to Acquisition of Wirtgen Group
AVELLUM acted as the Ukrainian legal advisor to Deere & Company (“Deere”) on Ukrainian employment matters related to the USD5.2 billion acquisition of the Wirtgen Group.
AVELLUM ADVISES ING ON USD100 MILLION PRE-EXPORT LOAN FACILITY TO MHP
AVELLUM acted as a Ukrainian legal counsel to ING Bank N.V. (“ING”) on a USD100 million secured pre-export revolving loan facility (“Loan”) to Myronivsky Hliboproduct Group (“MHP”), provided by ING together with Crédit Agricole Corporate and Investment Bank.
AVELLUM successfully represented Česká Exportní Banka, a.s. (“ČEB”) in (i) a number of litigations against a Ukrainian corporate borrower in connection with attempts of illegal transfer of mortgaged real estate assets securing USD37 million loan and (ii) a sale of the relevant loan and security claims.
AVELLUM acted as a Ukrainian legal counsel to Coast2Coast, a South-African investment company, on acquisition of Poland-based Stella Pack by Bounty Brands, a part of Coast2Coast portfolio. Stella Pack is a major manufacturer and distributor of household products.
AVELLUM acted as Ukrainian legal advisor to the Ministry of Finance of Ukraine on its USD3 billion, 15-year, 7.375% Eurobond issue which was combined with the cash tender offer to the holders of the outstanding Eurobonds due 2019 and 2020. BNP Paribas, Goldman Sachs and J.P. Morgan Securities plc acted as joint lead managers on the transaction. The transaction is the first stand-alone sovereign bond issue by Ukraine since its 2015 sovereign debt restructuring.
AVELLUM advised Saggarco Ltd on the acquisition of 99.91% stake in PJSC Marfin Bank (“Marfin Bank”) from Cyprus Popular Bank Public Co Ltd (“CPB”).
We assisted our client with the due diligence of Marfin Bank, pre-transaction restructuring, transaction documentation, approvals of the National Bank of Ukraine and the Antimonopoly Committee of Ukraine.
AVELLUM acted as Ukrainian legal advisor to MHP S.A. (“MHP”) on the benchmarck USD500 million, 7 year, 7.75% Eurobond issue with the benefit of the guarantees from its Ukrainian subsidiaries. The joint lead managers on the transaction were J.P. Morgan Securities plc and London Branch of ING Bank N.V.
AVELLUM advised its longstanding client Kernel Holding S.A. (“Kernel”) on the acquisition of 100% of shares in a large-scale farming business that manages over 190,000 hectares of leasehold farmland and approximately 200,000 tons of grain storage capacity. The value of the deal was USD155 million.
AVELLUM's Managing Partner Mykola Stetsenko Became Member of the Public Council of the Antimonopoly Committee of Ukraine
We are proud to announce that Mykola Stetsenko, Managing Partner of AVELLUM, was elected as a member of the Public Council at the Antimonopoly Committee of Ukrainе ("Public Council").
AVELLUM Advised Deutsche Beteiligungs AG on Investment in Dieter Braun GmbH
AVELLUM acted as the Ukrainian legal counsel to Deutsche Beteiligungs AG ("DBAG") in connection with the EUR5.9 million investment in Dieter Braun GmbH ("Braun").
AVELLUM acted as a Ukrainian law counsel to the bondholder group composed of holders of senior notes (the "Notes") issued by DTEK Finance plc in connection with the long-term restructuring of the Notes as part of the long-term restructuring of the debts of the DTEK Energy group.
AVELLUM acted as Ukrainian legal counsel to its longstanding client Kernel Holding S.A. ("Kernel") in connection with an offering of its USD500 million 8.75% guaranteed notes due 2022. The notes are expected to be rated B+ by Fitch and B by S&P, two notches and one notch above the Ukrainian sovereign respectively.
AVELLUM Advised CPPIB on Acquisition of 48% Stake in GlobalLogic Inc. from Apax Funds
AVELLUM acted as the Ukrainian legal counsel to Canada Pension Plan Investment Board ("CPPIB") in connection with the acquisition of an approximate 48% stake in GlobalLogic Inc. from Apax Funds.
KHASK is a Ukrainian major producer and exporter of self-adhesive tapes and packaging materials. The loan facility is used to finance the purchase and installation of a solvent recuperation system, related general construction and energy efficiency capital investments.
AVELLUM team was led by Senior Associate, Taras Dmukhovskyy, with significant support from Associates, Taras Stadniichuk and Orest Franchuk, under the supervision of Partner, Glib Bondar.
AVELLUM leads in the number of the largest public deals аccording to the recently published "TOP 50 Law Firms of Ukraine - 2016" ranking. We have advised on 12 out of 50 largest public transactions, reported by this edition.
AVELLUM acted as the Ukrainian legal counsel to AGCO in connection with obtaining a merger control clearance of the Antimonopoly Committee of Ukraine for the acquisition of Cimbria for EUR310 million.
AVELLUM Advises UniCredit on Disposal of Shares in PJSC "Ukrsotsbank" in Favour of ABH Holdings S.A.
Kyiv, 7 November 2016 - AVELLUM advised UniCredit Group ("UCG") on Ukrainian law matters in connection with the disposal of 99.9% shares in PJSC "Ukrsotsbank", an asset of UCG in Ukraine, in exchange for a minority stake (9.9%) in ABH Holdings S.A.
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 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.
AVELLUM acted as the Ukrainian legal counsel to the joint lead managers, Citigroup Global Markets Limited and Deutsche Bank AG, London Branch, with respect to EUR600 million and USD335 million Eurobond offering of Naftogaz of Ukraine.
AVELLUM secured a favourable award to the client in a dispute at the GAFTA arbitration for a total amount of more than EUR1.5 million.
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.
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 acted as the legal counsel to Dobrobut, the leading private healthcare services provider in Ukraine, and its shareholders on the disposal of a minority stake in Dobrobut to Horizon Capital.
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%).
AVELLUM acted as the legal counsel to Investment Capital Ukraine (“ICU”) on the complex M&A transaction involving:
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 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”).
AVELLUM advised the client on minorities squeeze-out procedure followed by the successful corporate reorganisation of “Jacobs Douwe Egberts Ukraina” from a private joint stock company to a limited liability company.
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 2017 (“Law”).
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 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 120MW solar power plant in Mykolaiv region. Scatec Solar, a leading and globally acting solar energy producer, acted as the purchaser.
AVELLUM successfully represented the client's interests in GAFTA arbitration in the dispute with a Swiss trading company.
As the result of 8 months long arbitral proceedings, the tribunal satisfied demands of our client in full, for a total amount of over USD200,000.
AVELLUM acted as the legal counsel to EVO Group, the internet company behind Ukraine’s leading marketplace Prom.ua, in connection with its merger with Rozetka, the leading online retailer based in Ukraine.
AVELLUM is happy to announce that Viktoriia Morozova has joined the firm’s Energy and Infrastructure practice as an of counsel.
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.
AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the USD2 billion sovereign Eurobond issue consisting of two tranches with 5.5 and 10-year tenor. J.P. Morgan Securities, Goldman Sachs, BNP Paribas, and Citigroup acted as joint lead managers on the transaction.
AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with a senior secured loan of up to EUR1.3 million to Private Higher Educational Establishment "Kyiv Medical University" (“KMU”).
AVELLUM advises Ukrainian investment firm on establishment of yet another joint venture in renewable energy sector
AVELLUM advises Diligent Capital Partners on acquisition of 16% equity stake in Allseeds
AVELLUM acted as the Ukrainian legal counsel to a private equity vehicle managed by responsAbility Investments AG (“responsAbility”) in connection with the acquisition of a shareholding in Bank Lviv. Bank Lviv is the first investment project of responsAbility in Ukraine. Further on, responsAbility intends to increase its stake in the bank to 51%.
Mykola Stetsenko, Managing Partner, AVELLUM
Yaroslav Medvediev, Senior Associate, AVELLUM
2015 and 2016 turned into a period of reform for the Ukrainian antitrust regulatory framework and the Ukrainian competition authority – the Antimonopoly Committee of Ukraine (AMC). The AMC’s new executive team follows the best European practices in antitrust and competition field as the model for development of domestic competition environment. During those two years, the AMC significantly increased its investigation of alleged violations of competition law (including violations of the merger control regime, cartels, unauthorized concerted practices, abuse of dominance, unfair competition, and bid rigging) and deepened its commitment to promoting fair competition in general. In this regard, the existence of the antitrust compliance program for medium and large-sized companies has become very important.
Glib Bondar, Partner, AVELLUM
Dmytro Symbiryov, Associate, AVELLUM
Ukraine has huge potential and capacity for growth in renewable energy sector. In view of the Government’s efforts to attract foreign capital flow into the economy, Ukraine continues to support the “green” energy sector.