The banking, finance, and capital markets team at CMS Ukraine often acts in English law-governed mandates across the region. Practice head Ihor Olekhov advises on insurance, corporate governance, reorganisations, and the financial regulatory framework for banks. Kateryna Chechulina brings strong cross-border capabilities, with a focus on trade and commodity finance, syndicated and corporate lending, and project finance. Bohdan Ilchenko specialises in debt and project finance, cross-border financing structures, and regulatory compliance. Both Chechulina and Ilchenko are English-qualified solicitors.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Sector knowledge
Client satisfaction: NPS ®
Testimonials
Collated independently by Legal 500 research team.
- ‘The team is very knowledgeable and extremely resourceful. CMS is reactive and reliable, one of the key law firms in Ukraine.’
- ‘Having worked closely with the team at CMS Ukraine, and in particular collaborating with Kateryna Chechulina, I can say the individuals involved in the Banking, Finance and Capital Markets practice truly stand out.’
- ‘CMS Ukraine’s Banking, Finance and Capital Markets practice stands out for its exceptional technical quality, deep market insight, and practical, deal-oriented approach. The team combines strong local expertise with international standards, making it a go-to advisor for complex cross-border financings, regulatory matters, and capital markets transactions. Clients value the team’s ability to provide clear, business-focused advice, anticipate regulatory developments, and efficiently coordinate with international lenders and investors.'
- ‘Tatyana Dovgan is a brilliant legal professional, an expert in M&A that has the ability to simplify complex legal concepts and anticipate issues before they arise.’
- ‘The team at CMS Ukraine provides practical, commercially-minded advice that is directly applicable to the challenges that a client might be facing. The team is incredibly responsive and proactive and consistently exceeds expectations by demonstrating a high level of dedication and investment in each deal. It is always a pleasure to work with them.’
- ‘Tatyana Dovgan is a dream to work with.’
Key clients
- IFU
- Revolut
- Horizon Capital and NJJ Capital
- Dutch Good Growth Fund
- ING
- INVL Renewable Energy Fund I
- Goldbeck Solar Investment
Work highlights
Advised IFU on a EUR7m subordinated debt investment in Bank Lviv to support Ukrainian SMEs in sectors like manufacturing, trade, and agribusiness.
Supported Revolut in offering its financial services to customers in Ukraine, ensuring compliance with local regulatory requirements.
Advised NJJ and Horizon Capital on securing USD435m in financing from the EBRD and IFC for the acquisition of Ukraine’s major telecom operators lifecell and fixed telecom and pay TV provider Datagroup-Volia, marking the largest telecom investment in Ukraine in the last decade.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Artem Lukyanov
Practice head
Ihor Olekhov
Other key lawyers
Kateryna Chechulina; Bohdan Ilchenko; Tatyana Dovgan; Artem Lukyanov