Avellum has acted as Ukrainian legal counsel to the EBRD in connection with an up-to EUR 50 million loan to Communal Enterprise “Kyivskiy Metropolitan” that was guaranteed by the Kyiv City Council. Aequo advised the borrowers on the deal.
Sayenko Kharenko and Avellum Advise on Buyback of Dobrobut Shares from Horizon Capital
Sayenko Kharenko had advised Horizon Capital on the sale by its Emerging Europe Growth Fund III, LP of a minority stake in Dobrobut to the company's existing shareholders: Dobrobut Managing Shareholder and CEO Oleg Kalashnikov, and Concorde Capital. Avellum advised the shareholders on the deal.
An Unusual Year in Review: Our Annual Expert Round Table
On December 15, 2020 CEELM gathered legal experts from across the region for its annual Year-in-Review Round Table conversation. In a wide-ranging discussion, participants shared opinions and perspectives on their markets, on strong (and less-strong) practices across the region, and the effect of the COVID-19 crisis on both, as well as on how technology is changing the legal industry, and what the industry will look like in 2021.
Avellum Successful for British American Tobacco in Dispute with Ukraine’s Antimonopoly Committee
Avellum has successfully defended the interests of PJSC A/T B.A.T.-Prilucky Tobacco Company — the Ukrainian subsidiary of British American Tobacco — in a dispute against the Antimonopoly Committee of Ukraine. The case was brought before the Northern Commercial Court of Appeal in Kyiv.
Avellum Helps Furshet with Ukrainian Merger Control Aspects of Furshet’s Acquisition by Fozzy Group
Avellum has helped Ukrainian supermarket chain Furshet obtain merger control clearance from the Antimonopoly Committee of Ukraine for the acquisition by the Fozzy Group of control over Furshet’s retail assets.
Ukraine Approves List of Priority Investment Projects for 2021 – 2023
At the beginning of 2021, the Government of Ukraine published its decision No. 1581-p, dated 16 December 2020, on approval of the list of 102 investment projects prioritised by the State for 2021 – 2023 in such fields as culture and tourism, industry and manufacturing, energy, healthcare, transport, and sports. 76 out of 102 projects may be financed by investors, 47 of which – using a public-private partnership, including the concession framework.
Avellum Helps Samoran Investments Limited Obtain Merger Control Clearance for Acquisition of Rostok Agroinvest Limited
Avellum has helped Samoran Investments Limited, a company affiliated with Yakov Gribov, a beneficiary of the Nemiroff Group, obtain merger control clearance from the Antimonopoly Committee of Ukraine for the acquisition of shares in Rostok Agroinvest Limited.
Return of Founding Partner and Promotion of New Partner at Avellum
Avellum has celebrated the new year by announcing the return of co-founding Partner Kostiantyn Likarchuk and the promotion to Partner of Maksym Maksymenko.
Production Sharing Agreements in Ukraine: Who Will Win the Battle
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.
Avellum Advises Ukreximbank and Goldman Sachs on USD 316 Million Cash Tender Offer
Avellum has advised Ukreximbank, the state export-import bank of Ukraine, and Goldman Sachs International as dealer manager, on a USD 316 million cash tender offer.
Sayenko Kharenko and Avellum Advise on USD 300 Million Eurobond Issue by Kernel
Sayenko Kharenko and Latham & Watkins have advised joint lead managers Credit Agricole, J.P. Morgan, and Natixis on the USD 300 million 7-year 6.75 percent Eurobond issue by Kernel. The issuance was coupled with a tender offer to the holders of Kernel’s existing USD 500 million 5-year 8.75 percent Eurobond due in 2022. Avellum advised Kernel on Ukrainian aspects of the issuance, with Linklaters reportedly advising on matters of English and US law, Arendt & Medernach on Luxembourg law, and Borel & Barbey on Swiss law.
Avellum Helps Nemiroff Obtain Approval for Privatization of Ukrspyrt in Ukraine
Avellum has helped LVN Limited obtain clearance from the Antimonopoly Committee of Ukraine for the privatization of a part of assets of Ukrspyrt – Ukraine’s state-owned producer of alcohol and liquor.
Ukrainian Competition Law Reform is Just Around the Corner
Last week, the Antimonopoly Committee of Ukraine commenced a public discussion of strategic changes to Ukrainian competition law.
Sayenko Kharenko, Linklaters, Avellum, and Allen & Overy Advise on Metinvest USD 333 Million Eurobond Issue and Cash Tender Offer
Sayenko Kharenko and Linklaters have advised joint bookrunners Deutsche Bank, Natixis, IMI Intesa Sanpaolo, and Raiffeisen Bank International on Metinvest's new USD 333 million Eurobond issue. Allen & Overy and Avellum advised Metinvest.
Myths Shattered: 8 Misperceptions of Doing Business in Ukraine
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 most recent improvements in the business climate.
Ukraine Amends Trademark and Patent Legislation
In August 2020 the new laws introducing amendments to trademark and patent legislation (the “New Laws”) came into force. These changes concern patent and trademark owners, and producers of pharmaceuticals in particular.
Avellum Advises Ukraine's Ministry of Finance on EU Micro Financial Assistance Program
Avellum has advised the Ukrainian Ministry of Finance in connection with a new macro-financial assistance program from the European Union.
Sayenko Kharenko and Avellum Advise on Ukraine's Eurobond Tap Issue
Sayenko Kharenko has advised J.P. Morgan on the purchase of the USD 329 million Eurobond tap issue by Ukraine. Avellum advised Ukraine’s Ministry of Finance.