Ario Law Firm

Ario Law Firm

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Ukraine

Restructuring and Insolvency Team

OLEKSII VORONKO

OLEKSII VORONKO

Managing Partner Oleksii Voronko specializes in bankruptcy and restructuring practice and holds a PhD in Juridical Science. He has overseen numerous cases involving the financial rehabilitation of Ukrainian enterprises and individuals. The total sum of creditor claims resolved under his guidance, including those from state and commercial banks, as well as private and state-owned enterprises, amounts to hundreds of millions of dollars. His portfolio includes high-profile projects such as the bankruptcy of Lysychansk Glass Factory “Proletariat,” LLC “Autodom,” LLC “Vik R.S.F.,” and LLC “Koron Agro,” among others. Consistently recognized by prestigious national rankings as one of the leading experts in his area, Oleksii also serves as the Chairman of the Committee on Bankruptcy Law at the Ukrainian Bar Association. In addition to his organizational and managerial duties within the firm, he actively manages projects and represents the company in negotiations with clients and partners.
JULIAN KHORUNZHIY

JULIAN KHORUNZHIY

Senior Partner Julian Khorunzhiy stands out as one of Ukraine’s leading legal minds, repeatedly honored among the nation’s top 100 lawyers. His expertise spans a wide array of legal domains, including “Bankruptcy and Restructuring,” “Corporate Law and M&A,” “Litigation,” “Competition Law,” “Banking and Financial Law,” and more. Among his notable cases, Julian has navigated complex legal landscapes, including the “apartments for 1 UAH”; he has represented high-profile figures such as Mykolaiv Mayor Oleksandr Senkevych and Lviv Mayor Andriy Sadovyi. He has also championed causes like returning land in downtown Lviv for community ownership and supporting the financial revival of prominent entities like LLC “LAZ” and the “Eldorado” home appliance network. Additionally, he has represented Concord Bank in disputes with the National Bank of Ukraine, among other significant matters. Furthermore, Julian has played a pivotal role in shaping legal reforms, contributing to initiatives in judicial enforcement, bankruptcy procedures, corporate governance, and beyond. His outstanding contributions have earned him consistent recognition from both Ukrainian and international rankings as one of the foremost legal practitioners in the fields of insolvency recovery, litigation, corporate law, and M&A.  
ANDRIY FYLYK

ANDRIY FYLYK

Partner Andriy Fylyk specializes in a variety of legal practices, including “Bankruptcy and Restructuring,” “Litigation,” “Construction and Real Estate,” “Banking and Financial Law,” and “Business Defense.” Andriy brings substantial expertise in defending clients against raiding attempts, asset tracing, courtroom advocacy, and managing bankruptcy proceedings, representing the interests of both debtors and creditors Among Andriy’s notable cases are the bankruptcy of LLC “Avtodom,” LLC “Belotserkovsky Dairy,” Plant State Enterprise “Ukrburshtyn,” representing the top management of bankrupt Daniel Bank and UKOOPSPILKA, restoring the solvency of the “Eldorado” household appliance network, and more. Andriy’s legal practices consistently receive accolades from leading national and international rankings, underscoring his expertise and commitment to his profession.
ANNA SYDOROVYCH

ANNA SYDOROVYCH

Partner Anna Sydorovych heads the Ario Law Firm Western Ukrainian office. She is specializing in corporate law and M&A, business and tax law, as well as dispute resolution. At Ario Law Firm, Anna provides legal support in cases such as Concord Bank vs. the National Bank of Ukraine, the return of a land plot in the center of Lviv to community ownership,  compensation for damages caused by Russian aggression, and many others. Anna Sydorovych has been recognized as one of Ukraine’s leading female lawyers, according to the annual survey conducted by the “Ukrainian Women in Law” by Legal Gazette. She has also earned acclaim in national rankings for her expertise in dispute resolution practice.  
MYKOLA SOKOLOV

MYKOLA SOKOLOV

Counsel Mykola Sokolov boasts nearly two decades of experience in jurisprudence. His primary specialization lies in debt restructuring and bankruptcy proceedings. As one of the pioneers in Ukraine, Mykola began advising clients on personal bankruptcy cases and initiated the first legal process aimed at restoring solvency for individuals. Today, he has successfully restructured millions of hryvnias in debts for numerous Ukrainians. At Ario Law Firm, Mykola supports cases involving bankruptcy procedures for large enterprises, representing both debtors and creditors. He also manages matters related to debt recovery and business solvency restoration, among others.

Deals

  • SUPREME COURT RULING: ARIO LAW FIRM SUCCESSFULLY RESTRUCTURES $60M IN DEBT The Ario Law Firm team has successfully led an individual client through a debt restructuring process exceeding $60 million. Providing full legal support in an individual insolvency case, Ario’s lawyers secured the forgiveness of over 90% of the debt. With the restructuring plan now fully implemented, the Supreme Court has confirmed that no creditor claims remain. The case was handled by Ario’s legal team, including Partners Oleksii Voronko and Julian Khorunzhyi, Senior Associate Mykola Sokolov, and Associate Serhii Bukhalenkov.

  • NORTHERN COMMERCIAL COURT OF APPEAL UPHOLDS THE PRE-BANKRUPTCY REHABILITATION PLAN FOR ELDORADO.UA IN INSOLVENCY CASE, REPRESENTED BY ARIO LAW FIRM

    The appellate court has rejected the appeals of certain creditors of the Eldorado.ua household appliance chain, maintaining the decision of the Kyiv Commercial Court to approve the pre-bankruptcy rehabilitation plan in accordance with Article 5 of the Insolvency and Bankruptcy Code.

    Notably, Eldorado.ua has been complying with the obligations under the rehabilitation plan, which was approved in April of this year, for the past three months. During this time, the company has repaid approximately 5% of the amount outlined in the plan.

    Ario Law Firm’s team, led by Senior Partner Julian Khorunzhyi, provided legal representation in this case.

  • DEVELOPMENT OF A EUROPEAN INTEGRATION DRAFT LAW FOR THE IMPLEMENTATION OF THE EUROPEAN PREVENTIVE RESTRUCTURING MECHANISM INTO UKRAINIAN LEGISLATION

    Senior Partner Julian Khorunzhiy took part in the drafting of the Eurointegration bill No. 10228 “On Amendments to the Code of Ukraine on Bankruptcy Procedures and other Legislative Acts of Ukraine regarding the Implementation of Directive 2019/1023 of the European Parliament and of the Council of the European Union and the Introduction of Preventive Restructuring Procedures,” and others.

Team Services

Areas of Expertise

  • Problematic Debt Resolution
  • Restructuring
  • Bankruptcy
  • Insolvent Banks
  • Development of New Legislation

Achievements

We’ve brought together some of Ukraine’s top and most influential bankruptcy specialists, as recognized by both national and international rankings. Since our firm’s inception, our aim has been to enhance transparency and public accessibility in the field of insolvency within our country. As a result, the Ario team was among the pioneers in bringing this sector into the public eye. To see our impact, simply search for cases like “Apartments for 1 UAH,” “bankruptcy of PJSC ‘MSZ ‘Ocean’,” “LLC Autodom,” and more.

Julian Khorunzhiy, Senior Partner at Ario Law Firm, has played a pivotal role in developing the Code of Ukraine on Bankruptcy Procedures and the Euro-integration draft legislation for implementing European preventive restructuring mechanisms into Ukrainian law.

Industries

  • Financial Sector
  • Manufacturing
  • Agriculture and Agribusiness
  • FMCG (Fast-Moving Consumer Goods)
  • Retail
  • Energy and Natural Resources
  • Oil Refining Industry
  • Construction and Real Estate

Awards and Recognition

CHAMBERS EUROPE 2022

Chambers Europe 2022 recognizes Ario Law Firm as a leader in the "Restructuring/Insolvency Practice in Ukraine". Chambers Europe 2022 acknowledges senior partner Julian Khorunzhiy as top-tier lawyers in Ukraine.

As per the findings of Chambers Europe, Ario Law Firm is recognized for its expertise in the field of insolvency and bankruptcy practices. "The firm also offers support in debt restructuring matters. Furthermore, Ario Law Firm represents clients in litigation pertaining to bankruptcy and liquidation, including criminal proceedings. The team caters to clients across a diverse range of sectors...

IFLR 1000

Ario Law Firm remains ranked among the top law firms for "Restructuring & Insolvency"

UKRAINE’S 50 LEADING LAW FIRMS BY YURIDICHNA PRAKTYKA

Bankruptcy
In the field of Bankruptcy, Ario Law Firm and Senior Partner Yulian Khorunzhyi are ranked among the top three in the industry.

UKRAINIAN LAW FIRMS. A HANDBOOK FOR FOREIGN CLIENTS

Bankruptcy
Ario Law Firm is ranked among the top 5 leading law firms in the bankruptcy sector.
Julian Khorunzhiy, Senior Partner at Ario Law Firm, is recognized as one of the leading experts in insolvency and bankruptcy.
Oleksiy Voronko, Managing Partner, is noted as one of the most prominent practitioners in the field of bankruptcy.
Andriy Filyk, Partner, is also recognized as one of the standout professionals in insolvency and bankruptcy.