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
Practice head(s):
Glib Bondar
Testimonials
‘One of the strongest if not the strongest team in the market for finance law work. ’
‘Glib Bondar is my first contact at Avellum for capital markets and banking, he is fantastic to work with, commercial and solution oriented. Mykola Stetsenko is equally great in corporate matters.’
Key clients
Ministry of Finance of Ukraine
National Power Company “Ukrenergo”
The State Road Agency of Ukraine (“Ukravtodor”)
European Bank for Reconstruction and Development (EBRD)
Metinvest B.V.
ING Bank N.V.
Work highlights
- Advised the Ministry of Finance of Ukraine, the State Road Agency of Ukraine (Ukravtodor) and the National Power Company “Ukrenergo” in connection with their consent solicitations announced in July 2022.
- Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a landmark £26.3 million equivalent export loan from Citibank, guaranteed by UK Export Finance (UKEF).
- Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with restructuring of a number of loans in the total amount of approximately EUR 750 million provided by Cargill Financial Services International, Inc.
Ukraine > Commercial, corporate and M&A Tier 1
Practice head(s):
Mykola Stetsenko
Testimonials
‘Simply put, Avellum’s commercial, corporate and M&A practice is second to none in its market. Superior professionalism, experience and solution driven approach – these are the attributes that have convinced me years ago to stick with Avellum in all matters related to M&A and corporate practice.’
‘Yuriy Nechayev has consistently been an undisputed and unrivaled M&A lawyer in Ukraine. Vast experience, insatiable drive for knowledge, thoughtful and solution driven approach, incredible skills in finding and nurturing junior lawyers – just some of the qualities I absolutely like about him.’
‘Very client-oriented team, with strong and wide experience, deep market understanding, various well-developed practices complementing each other.’
‘Individuals always deliver 110%, we have never been disappointed with the quality of the services provided. Special thanks to partners Yuriy Nechaev and Kostiantyn Likarchuk, and the teams they lead. ’
‘I think one of the best teams in Ukraine. I also like that they not only looking the agreement, but help counterparties to negotiate looking decisions.’
‘Knowledge level and help with negotiations.’
Key clients
Kernel
Investment Capital Ukraine (ICU)
Diligent Capital Partners
Roosh Ventures
LLC “HEE “American University Kyiv”
ZE PAK SA
Work highlights
- Acted as the legal counsel to all parties of the transaction in connection with the acquisition of a minority stake in Neurons Lab by Roosh.
- Advised Aristocrat Leisure Limited, a leading global gaming content and technology company and top-tier mobile games publisher, in connection with the $1.2 billion acquisition of NeoGames, a global leader in content and technology solutions for the online Real-Money Gaming industry.
- Advised managing partners of American University Kyiv on law matters in a broad range of corporate, M&A, antitrust, tax and IP issues related to the establishment of a new world-class private university in Kyiv, operated by an international joint venture.
Ukraine > Competition Tier 1
Practice head(s):
Mykyta Nota
Testimonials
‘Avellum team is definitely one of the best competition law teams in Ukraine. They are exceptional in every aspect – 24/7 availability; an impeccable quality of work; a remarkable ability to successfully deliver large-scale and complex antitrust projects with global dimension. ’
‘Mykyta Nota is an absolute star. He is unsurpassed in his ability to deliver results. I do not know of anyone who exceeds his knowledge of local merger control rules and procedures.’
‘Despite the challenging situation on the ground, Avellum’s partner Mykyta Nota and his team are highly responsive and provide very valuable advice which always considers a hands-on practical approach to potential issues under Ukrainian merger control, including complicated risk assessments. Counsel Anton Arkhypov is also extremely knowledgeable. It is a pleasure to work not only with both but also with the rest of the Avellum team. ’
‘The Avellum competition team has seen exceptional growth for the last year. The experience and delivery of excellent results is unparalleled. They are now is without a doubt the best in Ukraine offering impressive capabilities both in antitrust and merger control.’
‘Mykyta Nota is an excellent competition lawyer, among the very best in this field. He picks up on issues very quickly and is extremely responsive.’
Key clients
Interstarch Ukraine
Mondelēz International
The Saudi Agricultural and Livestock Investment Company (SALIC)
State Forest Resources Agency of Ukraine
Uber
British American Tobacco (BAT)
Siemens Energy
Ukrnafta
WOG
Electricité de France SA
Work highlights
- Representing Interstarch in a landmark case against the AMC regarding alleged abuse of dominance.
- Advised Mondelēz International on obtaining merger clearance for acquiring a confectionery business – Ricolino – from Grupo Bimbo.
- Advising SALIC on obtaining merger clearance for the acquisition of 35.4% minority stake in and joint control over Olam Agri Holdings Pte. Ltd..
Ukraine > Dispute resolution Tier 1
Practice head(s):
Kostiantyn Likarchuk; Vadim Medvedev
Testimonials
‘Avellum team is brilliant in all respects and at all levels. They are versatile, extremely competent, work well as a team and can do almost any type of dispute.’
‘Mykyta Nota is highly recommended. He has a successful track record of litigating antitrust disputes.’
‘Terrific cross-border capability and ability to advise on complex issues of international law.’
‘Vadim Medvedev – great leader and very thoughtful advice. Andriy Fortunenko – sharp mind and hard working.’
‘Customer care, comprehensive knowledge of Ukrainian and international law, excellent proposals in difficult situation. ’
‘Vadim Medvedev. Best lawyer I have ever met.’
‘The go-to firm in Ukraine for complex international cases, both with respect to litigation and arbitration. Case handling is efficient and their response time is very fast. Very efficient, they know how to achieve the goals of the clients.’
‘Kostia Likarchuk is a renowned and very successful arbitration expert. He has recently won a high-profile LCIA case. His strategic skills are like no other. He responds immediately almost always.’
Key clients
Volt Resources Limited
Caterpillar
ILTA Origination LLC
PJSC Galicia Distillery
Miniso
British American Tobacco Group
Kernel
Work highlights
- Representing in a large multijurisdictional shareholders’ dispute involving court proceedings in France, Liechtenstein, Switzerland, Belize, the UK, Cyprus, and Ukraine in connection with the fraudulent misappropriation of assets by a former business partner of the client.
- Representing Volt Resources Limited in relation to the preparation of the set-off claims under the SPAs.
Ukraine > Employment Tier 1
Practice head(s):
Mykola Stetsenko; Bogdana Parkhomchuk
Key clients
Industrial Matrix
KWS SAAT SE
IQVIA
Giunti Psychometrics
Fastmarkets Global Limited (ex-Euromoney)
Volt Resources
Work highlights
- Assisting KWS SAAT SE in periodic preparation of the Ukrainian portion of the Global HR newsletter, as well as advised on various labour law matters.
- Acted as Ukrainian legal counsel to AristocratLeisure Limited, a leading global gaming content and technologycompanyand top-tier mobile games publisher, in connection with its acquisition of NeoGames, a global leader in content and technology solutions for the online Real-Money Gaming industry (a $1.2 billion transaction).
Ukraine > Private client Tier 1
Ukraine > Real estate and construction Tier 1
Practice head(s):
Maksym Maksymenko
Testimonials
‘Avellum’s team is a wonderful synergy of educated, proactive, detail-oriented people..’
‘Avellum employees always competently approach the task, select various legal options for solving the client’s issue and disclose and justify their recommendations in an accessible and understandable manner. I would especially like to mention the partner Maksym Maksymenko, who heads the practice and has versatile and comprehensive expertise in real estate issues, both from a legal and commercial point of view. Such versatility makes it possible to take a complete look at the client’s problem and provide recommendations that will have practical application.’
‘We reached out to Avellum shortly after the outbreak of the war and despite the very difficult circumstances, they were able to immediately assist us. The experience we had with the team was excellent and we look forward to working with them again in the future.’
‘Maksym Maksymenko: We had quite a tricky case involving land plots in the Ukraine. Maksym and his team were very efficient and had a strong understanding of our client’s needs. They delivered excellent legal advice. ’
Key clients
Wings and Freeman Capital Ukraine LLC
American University Kyiv,
Investment Capital Ukraine
EBRD
Work highlights
- Advised American University Kyiv in establishing its first-of-its-kind educational institution in Ukraine.
- Advised Yarzin Sella Management & Holdings, a concept dining group serving major international companies like Google, Apple, Facebook, on leasing premises for opening a new Playtika café in Vinnytsia.
Ukraine > Tax Tier 1
Practice head(s):
Vadim Medvedev
Testimonials
‘Avellum is top choice when it comes to tax matters. Very strong and versatile practice led by partner Vadym Medvedev. They grasp details of every case regardless of complexity and focus on the business oriented solutions. Avellum is exceptionally strong in all tax matters – tax structuring, transfer pricing, succession planning etc.’
‘Vadym Medvedev and Anton Zaderyholova are two points of contact regarding all tax matters in this firm. Mr. Medvedev is a star while Mr. Zaderyholova is a stellar communicator, very calm and composed in all situations.’
Key clients
DMarket Inc.
Investment Capital Ukraine (ICU)
The Ministry of Finance of Ukraine
Ukraine > Energy Tier 2
Practice head(s):
Glib Bondar; Maksym Maksymenko
Key clients
National Power Company “Ukrenergo”
EBRD
Investment Capital Ukraine (ICU)
DTEK Renewables
ZE PAK SA
Work highlights
- Acted as the Ukrainian legal counsel to Ukrenergo in connection with its consent solicitation announced in July 2022.
- Advised EBRD on regulatory matters in connection with the curtailment of the electricity produced from renewable energy sources.
- Advising ZE PAK SA regarding acquisition of a Ukrainian company holding an operating license for supplying electric energy to consumers and reselling electric energy (trading activity), including export and import of electric energy.
Ukraine > Intellectual property Tier 2
Practice head(s):
Mykola Stetsenko
Key clients
Aristocrat Leisure
Miniso Hong Kong Limited
GSH Trademarks Limited
Industrial Matrix
Work highlights
- Advising Aristocrat Leisure Limited in connection with the $1.2bn acquisition of NeoGames.
- Advising Miniso Hong Kong Limited on Ukrainian law matters in connection with protection of its trademark rights.
- Advised GSH Trademarks Limited on Ukrainian law matters in connection with its trademark rights protection in India, Italy, Nigeria, Tunisia, Israel, Poland, Kenya, Peru, Sri Lanka and Brazil.
Ukraine > International trade Tier 2
Practice head(s):
Vadim Medvedev
Testimonials
‘Great team of people with excellent communication skills’
‘Prompt, responsive, very contactable’
Key clients
Miniso Hong Kong Limited
Ukraine > White-collar crime Tier 2
Practice head(s):
Vadim Medvedev; Kostyantyn Likarchuk; Andriy Fortunenko
Testimonials
‘ The level of collaboration is always satisfying and highly meets our expectations; – professionals from this practice are really experienced and committed to support our business with the highest level of quality – White-collar crime of Avellum is very stable practice in terms of team members, which is a big advantage comparing to other law firms, that suffered in this regards during the times of uncertainty in Ukraine.’
‘We reached out to Avellum shortly after the outbreak of the war and despite the very difficult circumstances, they were able to immediately assist us. The experience we had with the team was excellent and we look forward to working with them again in the future. ’
‘Kostiantyn Likarchuk: We worked with Kostiantyn and his team on a recent case and were very happy. Kostiantyn thinks creatively and out of the box to deliver a client’s commercial goal. ’
‘Clever, shrewd and able to see the big picture.’
‘Vadim Medvedev – has gravitas of a more senior partner. Andriy Fortunenko – really bright and strategically minded.’
‘The team approaches legal matters with great professionalism. They demonstrate a great knowledge of the law and are constantly updating their knowledge. ’
‘Andrei Fortutenko is an exceptional lawyer, consistent in the quality provided and very reliable. ’
‘They have in-depth knowledge of what is important in Ukrainian criminal cases and go to great lengths in order to achieve the clients’ goals. Can handle tens of thousands of pages of documents and high workload in an efficient manner.’
Key clients
Group of shareholders of Fintech Band
State Financial Monitoring Service of Ukraine
British American Tobacco (BAT Ukraine)
Innovatus Capital Partners
Work highlights
- Represented a global IT company in a internal investigation into cyber fraud.
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 Partner at AVELLUM’s Dispute Resolution practice and Head… | 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 CouncilLegal 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, AVELLUM Foreign 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 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 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 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%.
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.
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.