Avellum > Kyiv, Ukraine > Firm Profile
Avellum Offices
Senator Business Center, 12th Floor
32/2 Moskovska St.
01010, Kyiv
Ukraine
Avellum > The Legal 500 Rankings
Ukraine > Banking, finance and capital markets Tier 1
Avellum
Practice head(s):
Glib Bondar
Other key lawyers:
Oleg Krainskyi
Testimonials
‘Glib Bondar is better than the opposition.’
‘Avellum has a great, highly-skilled and experienced law team, ready to help you almost 24/7 with high-quality results. They try to be useful to their clients and very honest with you even in a difficult situation, which helps to find solutions easily. It is nice to work with a team which thinks several steps ahead and gives you valuable advice.’
‘Glib Bondar demonstrates a very helpful strategic view in difficult situations professionally.’
‘Oleg Krainskyi is professional, and all contracts/transactional documents are prepared on time and without any issues. Great job.’
‘The team is ultra-professional, knows inside out the legal regime around Ukraine’s sovereign debt/treasury and debt management and handles smoothly all the internal/administrative processes associated with the borrower side of these processes. They are a reliable and long-term partner to our firm in our long-standing work together.’
‘Glib Bondar contributes effectively when required and has gravitas. Oleg Krainskyi is increasingly prominent and has taken on a more leading role very effectively. They are both highly engaged, responsive and co-ordinate the wider associate team effectively.’
Key clients
Ministry of Finance of Ukraine
National Power Company “Ukrenergo”
The State Road Agency of Ukraine (“Ukravtodor”)
European Bank for Reconstruction and Development
JP Morgan
Metinvest B.V.
Work highlights
- Advised the Ministry of Finance of Ukraine, the State Road Agency of Ukraine and the National Power Company on their consent solicitations.
- Assisted Ukrenergo with its issue of $825m worth of 6.875% notes guaranteed by Ukraine.
- Assisted the Ministry of Finance of Ukraine with several long-term concessional loans from Canada, totalling $1.95bn.
Ukraine > Commercial, corporate and M&A Tier 1
AvellumPractice head(s):
Mykola Stetsenko
Other key lawyers:
Yuriy Nechayev
Testimonials
‘The team’s market knowledge and expertise are huge. When it comes to complex and high-profile M&A deals, they are a top-choice law firm for me.’
‘Mykola Stetsenko is, without a doubt, the best M&A lawyer in Ukraine. He is an absolute troubleshooter in negotiations. Yuriy Nechayev has a strategic vision for all aspects of the deal. His advice is always clear, detailed and brilliant at the same time.’
Key clients
JSC “Kaspi.kz”
B.S.A. International SA (Lactalis)
Diligent Capital Partners
Myronivsky Hliboproduct
Volt Resources Limited
Concorde Capital
Kernel
Investment Capital Ukraine
Work highlights
- Advised JSC Kaspi.kz on the acquisition of 100% shares in Portmone Group by Kaspi Pay, a wholly owned subsidiary of Kaspi.kz.
- Advised Lactalis, a French multinational dairy products corporation, on Ukrainian law matters in connection with an acquisition of PJSC “Bel Shostka Ukraine”.
- Advised Volt Resources Limited on the acquisition of 70% stake in the Zavallivskyi Graphite Group Volt.
Ukraine > Competition Tier 1
AvellumPractice head(s):
Mykyta Nota
Other key lawyers:
Mykola Stetsenko
Testimonials
‘Avellum has a premium competition team with exceptional expertise and particular strength in competition litigation, merger control and investigations. The team handles highly complex matters with multiple stages and works very well throughout them.’
‘Mykyta Nota is an excellent competition partner with a very broad background. He has been instrumental in guiding us through some unique and complex issues clearly and concisely.’
‘Avellum has an excellent antitrust team – at the very top and with the best and unique expertise and experience, which are second to none. They can use their expertise and experience to provide practical and hands-on advice, which is very useful.’
‘Partner Mykyta Nota is a true professional, leads the team very well and is very helpful. He is an outstanding practitioner, with deep knowledge of the regulator’s practice, explores all possible aspects, provides possible solutions, and is outstanding.’
‘Avellum is one of the top-notch competition law firms in Ukraine. The team uniquely combines litigation and competition skills. The practice also provides sharp advice on the whole range of competition matters and is brilliant in handling high-profile and complex merger control filings. The team has great relations with competition authorities – understanding the way that they work.’
‘Mykyta Nota is doing a fantastic job. He brings incredibly comprehensive knowledge and knows how to handle delicate situations.’
‘Avellum enjoys a superb reputation for work across all aspects of Ukrainian competition law. The quality of advice is consistently excellent. The team offers exceptional merger control capabilities, often leading high-profile and complex filings. Also, the team has a market-leading competition litigation practice that distinguishes it from the rest of the market.’
‘Mykyta Nota has a wealth of experience in competition law. He is excellent in both his process and results. He has always been a key factor in our work with competition law. He has a keen sense for finding solutions for complicated situations.’
Key clients
Mondelez
The Saudi Agricultural and Livestock Investment Company
National Power Company “Ukrenergo”
Interstarch Ukraine
Quarter Partners
Ufuture
Continium Group Ukraine
JSC “Kaspi.kz”
Diligent Capital Partners
JSC “CNVCIF “Greenville” and NEST
Work highlights
- Represented Interstarch Ukraine in case against the Antimonopoly Committee of Ukraine regarding the alleged abuse of dominant position by Interstarch Ukraine.
Ukraine > Dispute resolution Tier 1
AvellumPractice head(s):
Kostiantyn Likarchuk; Vadim Medvedev; Mykyta Nota
Other key lawyers:
Andriy Fortunenko; Lyudmyla Volkova
Testimonials
‘Avellum dispute resolution team is best in class. They drive results in a highly professional manner and provide high-quality service on tight timelines to ensure the job is done properly.’
‘Firm’s main strength is its commitment to delivering the best possible results. They are always prompt and clear with their responses. They can deal with multi-jurisdictional issues. They can manage cases which involve both legal and financial issues.’
‘They can easily identify the key issues and know how to tackle any problems that may arise.’
‘It’s an outstanding firm with very experienced lawyers. The team always had the clients in mind and insisted on being involved even when Ukraine was at the early stage of the invasion.’
‘Mykyta Nota is an outstanding lawyer and excellent in evaluating new and sometimes game-changing aspects of a case.’
‘Cooperation with Avellum is always productive and helpful. As for me, their unique feature is the client-oriented approach, when a legal opinion is practical and relevant just to the client’s circumstances.’
‘Strategically focused and extremely clever. The Avellum team is superb and completely in tune with western practice and procedure.’
‘Avellum is a high-powered law firm with exceptional market presence in Ukraine, especially given the relatively young age of the firm and its principals.’
Key clients
Petro Poroshenko
Ministry of Justice of Ukraine
Ms Lesya Sofiyenko
Stockman Interhold SA
Ms Ganna Tigipko
Lanet Telecom
Mr Yakov Gribov
Prodigy Finance Ltd
Kernel
Shareholders of Fintech Band LLC
British American Tobacco Group
Group of shareholders of Fintech Band LLC (Monobank brand)
Nadezhda Group
Caterpillar
ILTA Origination LLC
LLC Urozhaina Kraina
PJSC Galicia Distillery
Miniso
Work highlights
- Represented Petro Poroshenko, 5th President of Ukraine, in a high-stake cross-borderlitigation before the High Court of Justice.
- Represented a group of shareholders of Fintech Band LLC in a complex dispute with their former business-partner Mr Dmytro Dubilet and his UK company Fintech Farm.
- Represented Nadezhda group in a dispute with the AntimonopolyCommittee of Ukraine.
Ukraine > Employment Tier 1
AvellumPractice head(s):
Mykola Stetsenko
Testimonials
‘The company employs professional employees, who are familiar with the peculiarities and subtleties of Ukrainian legislation. In addition to this, knowledge of EU legislation is also their strength.’
‘Our company works mainly with Bogdana Parkhomchuk, and we are completely satisfied with our cooperation. Bogdana always tries to help and provide comprehensive advice on our requests. Sometimes this happens even outside of working hours.’
Key clients
ClinTec International
Euromoney
Volt Resources Ltd
Adam Smith International
Work highlights
- Advised ClinTec International, an international clinical research organisation, on all employment issues of its operations in Ukraine.
- Advised Euromoney on various employment matters, including structuring the employment relations, establishing a remote work, relocation of their employees, etc.
- Advised Adam Smith International on various matters related to establishing their presence in Ukraine and engaging Ukrainian consultants.
Ukraine > Private client Tier 1
AvellumPractice head(s):
Vadim Medvedev
Other key lawyers:
Kostantyn Likarchuk; Anton Zaderyholova; Mykola Stetsenko
Testimonials
‘I would definitely recommend Avellum. They have a really great team of bright and experienced lawyers, who are always ready to help.’
‘I know for sure when I come to Avellum, my problems will be solved in the fastest and best possible way.’
‘No doubt, Anton Zaderyholova is the best tax professional in Ukraine! His client-oriented and problem-solving approach and creative thinking helps to successfully implement any project of any level of complexity.’
‘Avellum are competent cross-border tax advisors. I like their ability to handle international work. It is unbelievable how they manage to maintain their practice under the current circumstances.’
‘Anton Zaderyholova is the tax partner I have worked with. He responsively handles sophisticated international tax issues. Anton communicates very well in English which is critical to my clients’ dealings in that region.’
‘The most valuable characteristic of every person on the team is their dedication to the task and willingness to do more and go further. And their outstanding communication practices. They are always available. Shout out to Kostantyn Likarchuk and Vadim Medvedev.’
Key clients
Petro Poroshenko
Sequent
Ukraine > Real estate and construction Tier 1
AvellumPractice head(s):
Maksym Maksymenko
Testimonials
‘I am very pleased with the level of service, attitude and ability to meet tight deadlines. They understand the local terrain and add value to our projects. I found them highly professional.’
‘Maksym Maksymenko is responsive and understands the client’s needs. He is a very solution-oriented lawyer who thinks outside the box and is good at identifying legal issues that could potentially arise.’
‘Our company always has extra important issues that need immediate resolution. Avellum lawyers are always open to active and effective cooperation in the shortest possible time. Avellum lawyers approach the project creatively, have deep expertise and are attentive to details.’
‘Maksym Maksymenko not only evaluates the issues from the side of legislative regulation but also evaluates how to effectively solve issues in the business sphere. Within an active discussion of the report on the results of legal services, Maksym Maksymenko will always point out the most important aspects so that the client can make the right decision on how to act in a problematic situation.’
‘Maksym Maksymenko showed himself as a client-oriented and dedicated lawyer. His organisational skills, along with his friendly personality and professionalism, make him the ideal lawyer for sophisticated and extraordinary assignments.’
‘One of the team’s greatest advantages is a comprehensive and deep understanding of the legislation governing real estate investments, including by-laws and local acts. It allows the firm to, firstly, asses all the potential risks and complications that might arise during the project with impressive precision and, secondly, develop effective strategies to fix or mitigate them. Avellum has a remarkable understanding of the current affairs in the real estate and construction sector.’
‘The real estate and construction team at Avellum has very strong expertise and market knowledge. They consistently provide clear and thorough advice. The team is particularly effective in the transactional context and has solid experience of working on complex transactions.’
‘Maksym Maksymenko is a very knowledgeable, proactive and client-oriented partner. He is always on top of things, able to provide exhaustive advice and come up with effective solutions to complex legal issues. Maksym Maksymenko is a strong negotiator and always excellent with clients.’
Key clients
The Ministry of Infrastructure of Ukraine
Lactalis
The State Road Agency of Ukraine
RIEL
Toppan Merrill GmbH
LLC “Masnavi Ukraine”
DTEK
Weisenburger Bau, Verwaltung GmbH
Work highlights
- Advised Lactalis, a French multinational dairy products producer, on real estate matters related to the acquisition of Bel Shostka Ukraine.
- Advised a Ukrainian high-net-worth-individual and investor on modular house construction in the Kyiv suburbs for those who had suffered as a result of the conflict.
- Advising the Ministry of Infrastructure, on a pro bono basis, on the potential update of laws in order to booster real estate restoration processes after the conflict.
Ukraine > Tax Tier 1
AvellumPractice head(s):
Vadim Medvedev
Other key lawyers:
Anton Zaderyholova
Testimonials
‘With this firm, I get the complete package – they are responsive, diligent, efficient, fast and super client-oriented. The very well-coordinated team helped us to determine all potential risks and find the most suitable solutions.’
‘Vadim Medvedev and Anton Zaderyholova are very skilled, serious and efficient. They are really strong both theoretically and practically.’
Key clients
The Ministry of Finance of Ukraine
National Power Company “Ukrenergo”
The State Road Agency of Ukraine
Lactalis
Work highlights
- Advised National Power Company “Ukrenergo” on tax matters of its $825m of 6.875% notes guaranteed by Ukraine.
- Represented the State Road Agency of Ukraine in tax matters of a debut $700m issue of 6.25% guaranteed notes due 2028 with a benefit of the sovereign guarantee.
- Advised B.S.A. International SA (Lactalis Group) on analysing tax risks of the proposed deal structure related to the sale of some companies within the Bel Group to Lactalis Group.
Ukraine > Energy Tier 2
AvellumPractice head(s):
Glib Bondar
Key clients
Ukrenergo
DTEK Group
EBRD
Volt Resources Limited
Work highlights
- Assisted National Power Company “Ukrenergo” with its $825m of 6.875% notes guaranteed by Ukraine.
- Advised DTEK Group on the debt restructuring under the two inter-conditional English schemes of arrangement for DTEK Energy B.V. and DTEK Finance PLC.
- Advised EBRD on regulatory matters in connection with the updated model power purchase agreement circulated by State Company “Guaranteed Buyer”.
Ukraine > Intellectual property Tier 2
AvellumPractice head(s):
Mykola Stetsenko
Key clients
Sulphur Mills Limited
Wizz Air Hungary Zrt.
GSH Trademarks Limited
Medi GmbH & Co. KG
Kaufland Dienstleistung GmbH & Co. KG
Burning Man Project
Miniso Hong Kong Limited
Roshen Confectionery Corporation
Kaspi.kz JSC
Lactalis
Work highlights
Ukraine > International trade Tier 2
AvellumPractice head(s):
Vadim Medvedev
Key clients
Medi GmbH & Co. KG
Miniso Hong Kong Limited
Jacobs Ukraine
Ferrit s.r.o.
LLC Urozhaina Kraina
MB Group
Inditex
Ukraine > White-collar crime Tier 2
AvellumPractice head(s):
Vadim Medvedev; Andriy Fortunenko
Other key lawyers:
Kostiantyn Likarchuk
Testimonials
‘Avellum provides a prompt response with solid expertise.’
‘Andriy Fortunenko is a trustful advisor with a great friend expertise on anti-money laundering and fight against fraud.’
‘AVELLUM is a team of exceptionally bright lawyers who are practical, focused, quick to respond, and open-minded. They can structure things in simple ways.’
‘Andriy Fortunenko has a brilliant mind and always comes up with great ideas. He offers different strategies and always tries to achieve the best result. His performance and level of skills are high.’
‘They have in-depth knowledge of what is important in Ukrainian criminal cases and go to great lengths to achieve the client’s goals. They can handle tens of thousands of pages of documents and high workload in an efficient manner.’
‘Andriy Fortunenko has vast knowledge and experience with criminal issues relating to restructuring and international transactions. Very importantly, he also understands the connection between criminal law, civil and commercial law and economics very well.’
Key clients
Group of shareholders of Fintech Band LLC
Uber
Mr Mikhailo Zabrodskiy
Admitad
JSC Universal Bank
888 Holdings
Work highlights
- Represented a group of shareholders of Fintech Band LLC in a case involving the allegations of theft of intellectual property rights.
- Assisted 888 Holdings’s business model with a risk-based analysis of a compliance with the newly-introduced regulatory framework.
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. 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.
Main Contacts
| Department | Name | Telephone | |
|---|---|---|---|
| Corporate/M&A | Mykola Stetsenko | mstetsenko@avellum.com | |
| Banking & Finance | Glib Bondar | gbondar@avellum.com | |
| International Arbitration | Kostiantyn Likarchuk | klikarchuk@avellum.com | |
| Corporate/M&A | Yuriy Nechayev | ynechayev@avellum.com | |
| Tax & Transfer Pricing | Vadim Medvedev | vmedvedev@avellum.com | |
| Capital Markets | Glib Bondar | gbondar@avellum.com | |
| Competition | Mykola Stetsenko | mstetsenko@avellum.com | |
| Employment | Mykola Stetsenko | mstetsenko@avellum.com | |
| Energy & Natural Resources | Glib Bondar | gbondar@avellum.com | |
| Litigation | Vadim Medvedev | vmedvedev@avellum.com | |
| Competition | Yuriy Nechayev | ynechayev@avellum.com | |
| Private Client | Vadim Medvedev | vmedvedev@avellum.com | |
| Real Estate | Maksym Maksymenko | mmaksymenko@avellum.com | |
| Restructuring | Glib Bondar | gbondar@avellum.com | |
| Competition | Mykyta Nota | mnota@avellum.com | |
| Litigation | Kostiantyn Likarchuk | klikarchuk@avellum.com |
Lawyer Profiles
| Photo | Name | Position | Profile |
|---|---|---|---|
 | Mr Andriy Fortunenko | Andriy Fortunenko is a Counsel at AVELLUM’s dispute resolution practice. He focuses… | View Profile |
 | Mr Maksym Maksymenko | Maksym Maksymenko is a Partner at AVELLUM and the Head of Real… | View Profile |
 | Mr Vadim Medvedev | Vadim Medvedev is a Partner with AVELLUM’s tax practice and specialises in… | View Profile |
 | Mr Anton Zaderyholova | View Profile |
Staff Figures
Partners : 7 Counsels : 5 Associates : 50Languages
English Ukrainian RussianMemberships
American Chamber of Commerce International Bar Association International Fiscal Association US-Ukraine Business CouncilPress Releases
AVELLUM PROMOTES MYKYTA NOTA TO COMPETITION PARTNER
18th January 2022 AVELLUM is pleased to announce the promotion of Mykyta Nota to partner effective from 1 January 2022.AVELLUM ADVISES ON SUCCESSFUL PRIVATISATION OF BILSHOVYK PLANT
13th January 2022 AVELLUM acted as the legal counsel to the parties in connection with obtaining merger control clearance from the Antimonopoly Committee of Ukraine for privatisation of Joint Stock Company “First Kyiv Machine-Building Plant” (“Bilshovyk Plant”).AVELLUM’S COMPETITION PRACTICE WAS HIGHLY RECOMMENDED IN GCR 100 RANKING
10th January 2022 AVELLUM was ranked as a Highly recommended firm in the 2022 edition of Global Competition Review 100 (GCR 100), a comprehensive listing of the world’s best competition practices.Buyers become more demanding with respect to potential targets, AVELLUM’s survey reveals
4th January 2022 AVELLUM for the second time researched how the coronavirus outbreak affected the plans of businesses to purchase or sell assets or companies in Ukraine in the next 6 to 12 months. We surveyed over 90 owners, top managers, and heads of legal departments of Ukrainian and international companies in 2021.AVELLUM advises MHP on investment into Foodz
9th November 2021 AVELLUM acted as the legal counsel to its long-standing client MHP in connection with investment into Ukrainian food-tech start-up Foodz. As a result of two rounds of funding, MHP received a minority stake in Foodz.AVELLUM advises world’s leading online gaming and betting company in connection with criminal investigation by Ukrainian law enforcement authorities
27th October 2021 AVELLUM conducted a risk-based analysis of the client’s business model in terms of compliance with the newly-introduced regulatory framework and criminal liability risks in Ukraine. The central issue was a criminal investigation into illegal gambling allegations targeting a number of international online gambling companies. Our advice included development of the strategy for liaison with prosecution (including through international legal assistance means) and challenge of web-site blockage orders imposed by Ukrainian courts.AVELLUM ADVISES KASPI.KZ ON ACQUISITION OF PORTMONE
13th October 2021 AVELLUM acted as the Ukrainian legal counsel to JSC “Kaspi.kz” (“Kaspi.kz”) in connection with the acquisition of 100% shares in Portmone Group (“Portmone”) by Kaspi Pay, a wholly owned subsidiary of Kaspi.kz.Ukraine makes headway with land reform
6th September 2021 The long-awaited Law of Ukraine “On amendments to the Land Code of Ukraine and other legislative acts to improve the governance of land relations and their deregulation” No. 1423-IX (“Law”) entered into force (save for certain provisions).AVELLUM advises A-Development on construction of multifunctional real estate complex in Kyiv centre
6th September 2021 AVELLUM acted as the legal counsel to A-Development – one of the leading Ukrainian developers – on the construction of a real estate complex in the centre of Kyiv in the form of a joint investment with a business partner.AVELLUM advises on sale of containerboard plant
6th September 2021 AVELLUM acted as legal counsel to investment company Concorde Capital and its partners on the sale of a 72% stake in a containerboard producing company.AVELLUM advises Ministry of Finance of Ukraine on EUR116 million financing to purchase patrol boats for State Border Guard Service of Ukraine
6th September 2021 AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with two loan agreements for a total amount of EUR116 million together constituting official financial support from France to Ukraine aimed at strengthening maritime safety and security of Ukraine.AVELLUM advises Diligent Capital Partners on acquisition of minority stake in Edinstvo Group
6th September 2021 AVELLUM acted as the Ukrainian legal counsel to its long-standing client Diligent Capital Partners (“DCP”), a private equity manager, acting together with the Dutch entrepreneurial development bank FMO (“FMO”), in connection with the acquisition of a minority stake in the leading Ukrainian feed producer Edinstvo Group. As a result of the transaction, Edinstvo Group obtained the USD20 million financing that it plans to use to construct a soybean processing plant, expand feed additives production capacity and install additional feed packaging lines.AVELLUM advises on Ukraine’s first notes issue listed on London Stock Exchange
6th September 2021 AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a USD1.25 billion notes issue with an 8-year maturity priced at 6.875% annual yield.AVELLUM advises on Ukravtodor’s debut USD700 million Eurobond issue guaranteed by Ukraine
6th July 2021 AVELLUM acted as the Ukrainian legal counsel to (і) the State Road Agency of Ukraine (“Ukravtodor”) on a debut USD700 million issue of 6.25% guaranteed notes due 2028 with a benefit of the sovereign guarantee, and (ii) the Ministry of Finance of Ukraine in connection with the sovereign guarantee. The notes were admitted to listing on the London Stock Exchange.AVELLUM advises DTEK on USD2 billion debt restructuring
2nd July 2021 AVELLUM acted as the Ukrainian legal counsel to DTEK Group in connection with the debt restructuring under the two inter-conditional English schemes of arrangement for DTEK Energy B.V. and DTEK Finance PLC.AVELLUM advises Interpipe on USD300 million Eurobond issue
2nd July 2021 AVELLUM acted as the Ukrainian legal counsel to Interpipe Holdings Plc (“Interpipe”) on USD300 million issue of 8.375% guaranteed notes due 2026. The notes were admitted to listing on the Luxembourg Stock Exchange.Ukraine makes headway with land reform
2nd June 2021 The long-awaited Law of Ukraine “On amendments to the Land Code of Ukraine and other legislative acts to improve the governance of land relations and their deregulation” No. 1423-IX (“Law”) entered into force (save for certain provisions).AVELLUM advises A-Development on construction of multifunctional real estate complex in Kyiv centre
2nd June 2021 AVELLUM acted as the legal counsel to A-Development – one of the leading Ukrainian developers – on the construction of a real estate complex in the centre of Kyiv in the form of a joint investment with a business partner.AVELLUM advises on sale of containerboard plant
2nd June 2021 AVELLUM acted as legal counsel to investment company Concorde Capital and its partners on the sale of a 72% stake in a containerboard producing company.AVELLUM advises Ministry of Finance of Ukraine on EUR116 million financing to purchase patrol boats for State Border Guard Service of Ukraine
2nd June 2021 AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with two loan agreements for a total amount of EUR116 million together constituting official financial support from France to Ukraine aimed at strengthening maritime safety and security of Ukraine.AVELLUM advises Diligent Capital Partners on acquisition of minority stake in Edinstvo Group
2nd June 2021 AVELLUM acted as the Ukrainian legal counsel to its long-standing client Diligent Capital Partners (“DCP”), a private equity manager, acting together with the Dutch entrepreneurial development bank FMO (“FMO”), in connection with the acquisition of a minority stake in the leading Ukrainian feed producer Edinstvo Group. As a result of the transaction, Edinstvo Group obtained the USD20 million financing that it plans to use to construct a soybean processing plant, expand feed additives production capacity and install additional feed packaging lines.AVELLUM advises on Ukraine’s first notes issue listed on London Stock Exchange
2nd June 2021 AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a USD1.25 billion notes issue with an 8-year maturity priced at 6.875% annual yield.AVELLUM advises Dobrobut’s major shareholders on buyback of Dobrobut’s shares from Horizon Capital
19th April 2021 AVELLUM assisted with the preparation and negotiation of the transaction documents and coordinated completion of the entire transaction. Notably, AVELLUM team advised on the disposal of the stake to Horizon Capital in 2018-2019.AVELLUM advises EBRD on EUR50 mln financing of new metro cars for Kyiv Metro
19th April 2021 Proceeds from the EBRD loan will be used to finance the procurement of 50 new metro cars (as well as related services and equipment). These metro cars will carry passengers on one of the Kyiv underground rail network lines. Such an upgrade of the Kyiv metro rolling stock is expected to encourage more people to use modern and efficient public transport instead of their private cars, reducing traffic congestion in Kyiv.AVELLUM advises on sale of 3 wind power plants of 49.5 MW total capacity
19th April 2021 AVELLUM provided full legal support to the client in negotiating and drafting the transaction documents.AVELLUM advises Furshet on Ukrainian merger control aspects of Furshet’s acquisition by Fozzy Grou
1st March 2021 AVELLUM acted as the legal advisor to Furshet, a Ukrainian supermarket chain, on obtaining merger control clearance from the Antimonopoly Committee of Ukraine for the acquisition of control over Furshet’s retail assets by Fozzy Group.AVELLUM closes 2020 with 3 more successful Eurobond deals
25th January 2021 AVELLUM advised on all largest private and sovereign Eurobond issuances and liability management transactions out of Ukraine in 2020. Despite the global turbulence during the year, we are proud to close 2020 with the following successful Eurobond offerings and liability management transactions:AVELLUM advises Metinvest on USD333 million Eurobond issue and cash tender offer
7th January 2021 AVELLUM acted as the Ukrainian legal counsel to Metinvest B.V. on:AVELLUM advises on sale of AXDRAFT to Onit
7th January 2021 AVELLUM acted as the Ukrainian legal counsel to major shareholders of AXDRAFT, a Ukrainian document automation company, on its sale to Onit. We advised on tax and corporate structuring, as well as transactional matters pertaining to major shareholders.AVELLUM advises Nemiroff on first successful privatisation of Ukrspyrt’s alcohol production facility
7th January 2021 AVELLUM acted as the legal advisor to LLC “LVN Limited”, a part of Nemiroff Group (“Nemiroff”) on obtaining merger control clearance of the Antimonopoly Committee of Ukraine (“AMCU”) for the privatisation of a part of assets of Ukrainian State-Owned Enterprise of Alcohol and Liquor Industry “Ukrspyrt” (“Ukrspyrt”).AVELLUM advises on Ukraine’s USD2 billion senior notes issue and switch tender offer
22nd October 2020 AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the issuance by Ukraine of its new USD2 billion 7.253% senior notes due 2033 (“New Eurobonds”). The new issuance was combined with Ukraine’s first ever switch tender offer in relation to its outstanding USD-denominated 7.75% senior notes due 2021 and USD-denominated 7.75% senior notes due 2022. The New Eurobonds were admitted to trading on the regulated market of Euronext Dublin.AVELLUM advises Argus Media Ltd on acquisition of Agritel International
16th October 2020 AVELLUM acted as the Ukrainian legal counsel to Argus Media Ltd on the acquisition of Agritel International, a subsidiary of Agritel, an expert provider of information, consulting, and forecasting on agricultural and agro-industrial markets.AVELLUM advises on over USD1.5 billion of Ukraine’s sovereign financings
16th October 2020 AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with:AVELLUM and AGA Partners represented major mining machinery producer in four disputes before ICAC
16th October 2020 AVELLUM jointly with AGA Partners successfully represented a major CEE-based mining machinery producer in four disputes with a Hong Kong company before the ICAC at the Ukrainian Chamber of Commerce and Industry. The disputes arose under four separate contracts for the supply of mining machinery and equipment to Ukraine amounting to a total of almost EUR6 million.AVELLUM has successfully defended its client in arbitration on jurisdictional ground
20th May 2020 AVELLUM successfully represented a Swiss agri-trading company (“Buyer”) in a London-based commodity arbitration initiated by one of major Ukrainian agricultural holdings (“Seller”). The dispute arose based on an Ex Works sale contract and concerned an alleged failure of the Buyer to make a payment.AVELLUM advises on acquisition of 33% stake in Ocean Plaza by UDP
29th April 2020 AVELLUM acted as the legal counsel to UDP, a leading Ukrainian development company, on the acquisition of a 33.35% stake in Ocean Plaza, one of the largest shopping and entertainment centres in Ukraine and Europe.AVELLUM advises BSTDB on secured loan to Prometey group
31st March 2020 AVELLUM acted as the Ukrainian legal counsel to the Black Sea Trade and Development Bank (“BSTDB”) in connection with a long-term secured loan to Limited Liability Company “Butsefal” and Prometey Swiss SA in the total amount of up to USD10 million.AVELLUM advises EBRD on EUR52.5 million loan facility to one of largest shopping malls in Odesa
31st March 2020 AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with a long term secured loan to Limited Liability Company “Novi Biznes Poglyady” (“NBP”) in the total amount of up to EUR52.5 million.AVELLUM advises on Vodafone Ukraine aqcuisition and Eurobond financings
26th February 2020 AVELLUM acted as the Ukrainian legal counsel to:AVELLUM advises on Ukraine’s new benchmark euro-denominated notes
11th February 2020 AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the second breakthrough issuance of Ukraine’s euro-denominated notes.AVELLUM advises joint lead managers on USD100 million Tier 2 Eurobond offering by Ukreximbank
7th February 2020 AVELLUM acted as the Ukrainian legal counsel to J.P. Morgan Securities and Morgan Stanley acting as joint lead managers in connection with USD100 million Tier 2 Eurobond offering by the State Export-Import Bank of Ukraine (“Ukreximbank”).AVELLUM advises DTEK Renewables on Debut Green Eurobond Offering
10th January 2020 AVELLUM acted as the Ukrainian legal counsel to DTEK Renewables on a debut EUR325 million 5-year 8.50% green Eurobond offering.AVELLUM advises CHG Healthcare on acquisition of Modio Health
10th January 2020 AVELLUM acted as the Ukrainian legal counsel to CHG Healthcare,one of the largest healthcare staffing companies in the US, on the acquisition of Modio Health, a provider of technology solutions for the healthcare industry.AVELLUM advises Van Leeuwen Pipe and Tube Group on acquisition of Benteler Distribution Ukraine
10th January 2020 AVELLUM acted as the Ukrainian legal counsel to the Netherlands based Van Leeuwen Pipe and Tube Group on the acquisition of BENTELER Distribution Ukraine, a part of the international distribution division of BENTELER International AG.AVELLUM advises UFUTURE on merger control clearance for partial sale of its stake in LvivTech.City
13th December 2019 AVELLUM acted as the legal counsel to UFUTURE on obtaining a merger control clearance of the Antimonopoly Committee of Ukraine for the partial sale of its stake in LvivTech.City.AVELLUM advised Metinvest on dual-currency Eurobond issue and tender offer
26th November 2019 AVELLUM acted as the Ukrainian legal counsel to Metinvest B.V. on:AVELLUM advises MHP on USD350 million Eurobond issue
26th November 2019 AVELLUM acted as the Ukrainian legal counsel to MHP Lux S.A. (“MHP”) on USD350 million offering of 6.250% notes due 2029 (“Notes”). The transaction was structured as an offering of the Notes guaranteed on a senior basis by MHP SE and certain of its Ukrainian and Cypriot subsidiaries.AVELLUM is highly ranked in 20 practices by Ukrainian Law Firms 2019
19th July 2019Our 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 advises EBRD on infrastructure financing to Negabarit-Service
29th April 2019AVELLUM 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.
AVELLUM wins swaps case in GAFTA arbitration
29th April 2019AVELLUM successfully represents the client in GAFTA appeal
29th April 2019The 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 successfully represents international inspection company in ICAC arbitration
29th April 2019AVELLUM 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 advises EBRD on senior secured loan to Kyiv Cardboard and Paper Mill
2nd August 2018AVELLUM 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 announce combination
13th July 2018AVELLUM 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 advises Nordcurrent on acquisition of Blam! Games Studios
28th June 2018AVELLUM 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 Uber on Merger Control Clearance for Joint Venture with Yandex
28th June 2018AVELLUM 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 JV in Renewable Energy Sector
28th June 2018AVELLUM 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
28th June 2018AVELLUM 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 Joint Lead Managers on Issue of Hryvnia Denominated Eurobonds by Ukreximbank
22nd May 2018AVELLUM 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
22nd May 2018AVELLUM 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
22nd May 2018AVELLUM 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
22nd May 2018AVELLUM 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
13th March 2018AVELLUM 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
13th March 2018AVELLUM 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 Capita
13th February 2018AVELLUM 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
13th February 2018AVELLUM 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
29th January 2018AVELLUM 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
11th January 2018AVELLUM 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 Advises AGCO on Merger Control and Concerted Practices Clearances
11th January 2018 AVELLUM Advises AGCO on Merger Control and Concerted Practices Clearances for Acquisition of Precision Planting and Assets Owned by Monsanto Argentina and Monsanto Do BrasilAVELLUM Successfully Represents Česká Exportní Banka Before Ukrainian Courts
16th November 2017AVELLUM 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 Advises Coast2Coast on Acquisition of Household Products Producer Stella Pack
16th November 2017AVELLUM 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.
Financial Times Praises AVELLUM for Innovation in Dispute Resolution
10th October 2017 FT Innovative Lawyers 2017 recognised AVELLUM for pioneering the litigation strategy that helped to achieve a unique resolution from the Ukrainian court in favour of the bondholders of Ukrainian agricultural group Mriya.AVELLUM Advises on Ukraine’s USD3 Billion Sovereign Bond Issue and Tender Offer
10th October 2017AVELLUM 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 Advises Kernel Holding S.A. on Acquisition of Farming Business by Its Subsidiary
20th July 2017 AVELLUM advised its longstanding client Kernel Holding S.A. (“Kernel”) on the acquisition of 100% of shares in a farming business that manages over 170,000 tons of grain storage capacity and over 27,500 hectares of leasehold farmland by one of its subsidiaries. Total consideration of the deal amounted to USD43.3 million and was paid in cash.AVELLUM Advises Seller on Sale of Karavan Hypermarket Chain to Auchan Group
20th July 2017 AVELLUM acted as a legal advisor to the seller regarding the sale of Karavan Hypermarket chain to Auchan Group.AVELLUM Advises Investor on Acquisition of 99.91% Stake in Marfin Bank from Cyprus Popular Bank
5th July 2017AVELLUM 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 Advises MHP on Benchmark Eurobond Issue
5th July 2017AVELLUM 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 Advises Kernel Holding S.A. on Acquisition of a Large-scale Farming Business
21st June 2017AVELLUM 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 Advises Bondholders Committee On Metinvest Usd2.3 Billion Debt Restructuring
9th May 2017 AVELLUM ADVISES BONDHOLDERS COMMITTEE ON METINVEST USD2.3 BILLION DEBT RESTRUCTURINGAVELLUM Contributed to an Amicus Curiae Brief for the Court Proceeding
9th May 2017 AVELLUM Contributed to an Amicus Curiae Brief for the Court Proceeding, Which May Have Considerable Impact on Enforceability of Foreign Awards in Ukraine.Mykola Stetsenko Became Member of the Public Council of the Antimonopoly Committee of Ukraine.
20th March 2017AVELLUM'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
13th February 2017AVELLUM 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 Advised CPPIB on Acquisition of 48% Stake in GlobalLogic Inc. from Apax Funds
7th February 2017AVELLUM 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.
AVELLUM Advises Kernel on Debut USD500 Million Eurobond Issue
7th February 2017AVELLUM 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 Advises Bondholders Committee on DTEK Energy Long-Term Restructuring
7th February 2017AVELLUM 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 Advises EBRD on EUR1.4 Million Secured Loan Facility to KHASK
18th January 2017KHASK 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 Largest Public Deals According to “TOP 50 Law Firms of Ukraine – 2016”
6th December 2016AVELLUM 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 Advised AGCO on Merger Control Clearance for Acquisition of Cimbria
22nd November 2016AVELLUM 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
15th November 2016AVELLUM 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.
Legal Developments
Ukraine introduces special legal regime for IT companies
9th November 2021 On 14 August 2021, the majority of provisions of Law of Ukraine “On Stimulating the Development of the Digital Economy in Ukraine” No. 1667-IX, (“Law”) came into force.Simplified procedure for registration of rights to land plots under purchased real estate
9th November 2021 Law of Ukraine “On Amendments to Certain Legislative Acts of Ukraine (Regarding the Unified Legal Fate of Land Plots and Real Estate Located on It)” No. 1174-IX, dated 2 February 2021 (“Law”), comes into force.Implementation of large-scale infrastructure projects is one of the key priorities of the Government
19th April 2021 Implementation of large-scale infrastructure projects is one of the key priorities of the Government for the upcoming years. The prospects of the infrastructure development look promising, and the sheer number of investment opportunities Ukraine can offer rises steadily.Production Sharing Agreements in Ukraine: Who Will Win the Battle?
3rd March 2021 The PSA law, despite its comparatively rare usage, complies with the best industry practices and provides the parties with enough instruments to ensure, that the signed PSA will suit their needs. At the same time, the PSA industry receives less attention from the State and, therefore, is less successful in Ukraine, especially comparing to the recent concession reform, which drew an unprecedented amount of foreign investments into Ukrainian seaport infrastructure.MAPing taxes: How to protect international investors in an unsettled tax world
15th February 2021 Based on the data from the Organization for Economic Co-operation and Development (OECD), the world economy should say “gracias” to multinational enterprises (MNEs) for approximately 50% of the global exports, 33% of the world’s GDP, and 25% of the global employment. Huge amounts of capital moving back and forth between MNEs have eventually appeared on the radar of tax authorities in various jurisdictions. As a result, the OECD launched a massive plan to counteract aggressive tax planning called base erosion and profit shifting (BEPS) action plan.Myths Shattered: 8 Misperceptions of Doing Business in Ukraine
20th October 2020 Mykola Stetsenko, managing partner, AVELLUMForeign investors often have misperceptions about doing business in Ukraine. Below, I debunk the 5 most common myths, as well as 3 more that reflect the mot recent improvements in the business climate.AVELLUM advises ICU on sale of stake in over 200 MW alternative energy projects
25th September 2019AVELLUM acted as the legal counsel to Investment Capital Ukraine (“ICU”) on the sale of the remaining stake in alternative energy projects with total capacity over 200 MW to VR Capital Group (“VR”). The transaction covered the following solar power plants jointly developed by ICU and VR:
AVELLUM advises on sale of Smart Plaza Obolon
20th September 2019AVELLUM 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 advises joint lead managers on EUR600 mln and USD335 mln Naftogaz Eurobond issue
8th August 2019AVELLUM 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 advises Cornerstone Partners on acquisition of CoreValue
8th August 2019 AVELLUM acted as the Ukrainian legal counsel to Cornerstone Partners, a co-owner of IT Kontrakt, a Polish IT Company, on the acquisition of CoreValue, a US-headquartered IT service provider with Ukrainian roots.AVELLUM successfully represents English trading company in GAFTA arbitration
8th August 2019AVELLUM 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 advises GROUPE ATLANTIC on acquisition of one of SST Group’s businesses
25th July 2019 AVELLUM acted as the Ukrainian legal counsel to GROUPE ATLANTIC, a leading French HVAC company, on the acquisition of SST Group’s electric underfloor heating and water leakage control systems business.AVELLUM advises on Ukraine`s first in over a decade Euro-denominated notes issue
12th July 2019 AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on another milestone Eurobond deal. The issue by Ukraine of EUR1 billion notes with a 7-year tenor marks the first euro-denominated offering Ukraine has made in almost 15 years.AVELLUM advises solar power plant developer on sale of solar project
12th July 2019AVELLUM 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 advises EBRD on secured loan to major Ukrainian wood processing company
28th June 2019AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with a long term senior secured loan to Limited Liability Company “Zunami” (“Zunami”) in the total amount of up to EUR3 million.
AVELLUM advises Dobrobut on investment by Horizon Capital
5th June 2019AVELLUM 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 advises EBRD on another large renewable energy financing deal
4th June 2019AVELLUM 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 advises ICU on sale of 50% stake in 11 solar park projects
16th May 2019AVELLUM acted as the legal counsel to Investment Capital Ukraine (“ICU”) on the complex M&A transaction involving:
AVELLUM advises on IBRD-supported financing for Ukraine
20th March 2019AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with two syndicated EUR-denominated facilities arranged by Deutsche Bank in December 2018 and March 2019 for the total amount equivalent to approximately USD1 billion.
AVELLUM advises EBRD and BSTDB on financing of one of largest solar projects in Ukraine
20th March 2019AVELLUM 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 advises MTB Bank and Bank Center on merger
6th March 2019AVELLUM 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 advises PrJSC “Jacobs Douwe Egberts Ukraina” on squeeze-out and transformation procedure
6th March 2019AVELLUM 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 advises Kernel on USD64 million acquisition of railcar business by its investment fund
6th March 2019AVELLUM acted as the legal counsel to its longstanding client Kernel Holding S.A. (“Kernel”) on the acquisition of 100% of shares in Rail Transit Kargo Ukraine (“RTK-Ukraine”) worth, based on the enterprise value, USD64 million.
AVELLUM advises solar power plant developer on sale of solar project
6th March 2019AVELLUM 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 represents client’s interests in GAFTA arbitration
25th January 2019AVELLUM 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 advised EVO Group on its merger with Rozetka
25th January 2019AVELLUM 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.
Viktoriia Morozova joins the AVELLUM’s Energy practice as of counsel
25th January 2019AVELLUM is happy to announce that Viktoriia Morozova has joined the firm’s Energy and Infrastructure practice as an of counsel.
AVELLUM promotes Vadim Medvedev to tax partner
25th January 2019AVELLUM 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 advises on Ukraine’s USD2 billion Eurobond issue
11th December 2018AVELLUM 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 advised largest Ukrainian brick manufacturer on restructuring and refinancing of its debt
11th December 2018 AVELLUM acted as the Ukrainian legal counsel to Private Joint Stock Company with Foreign Investments “Slobozhanska Budivelna Keramika” (“SBK”) in connection with the restructuring and refinancing of SBK’s debt, valued at approximately EUR20 million. Atlas Advisors, an independent investment banking firm, acted as the exclusive financial advisor to the SBK’s shareholders in connection with the restructuring of the credit portfolio, attraction of financing for the debt’s refinancing, and buy-out of SBK’s shares.AVELLUM advises EBRD on first financing of Academic Institution in Ukraine
4th December 2018AVELLUM 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 successfully represented Swiss Company in GAFTA arbitration
3rd December 2018 AVELLUM represented a Swiss Company (“Claimant”) in GAFTA arbitration dispute under CIF sale contract with an Egyptian company (“Respondent”) regarding compensation of damages in the form of demurrage and interest for the late payment for the goods.AVELLUM represented UK citizen in Supreme Court of Ukraine
5th November 2018 AVELLUM represented UK citizen in Supreme Court dispute regarding return of wrongfully retained child to England.AVELLUM successfully represented a UK citizen in the Supreme Court of Ukraine (“Supreme Court”) in a dispute regarding the return of a wrongfully retained child to England.AVELLUM advises ICU on establishment of joint venture in renewable energy sector
5th November 2018AVELLUM 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
5th November 2018AVELLUM advises Diligent Capital Partners on acquisition of 16% equity stake in Allseeds
AVELLUM advises on acquisition of shares in Bank Lviv
4th October 2018AVELLUM 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%.
Recent Legal Developments in Renewable Energy Sector
5th July 2017Glib 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.
Antitrust Compliance Program in Ukraine: Current Status and Development Prospect
5th July 2017Mykola 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.