Avellum has advised Lignum Plast on a cross-border investment from Roodwild Participaties. SDM Partners, working with Von Boetticher, reportedly advised Roodwild Participaties.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Sayenko Kharenko has advised Deutsche Bank on a EUR 23.6 million term loan facility extended to Northern Iron Ore Enrichment Works.

Sayenko Kharenko has advised UK Export Finance on a GBP 1.7 billion export loan provided to Ukraine under a UKEF guarantee.

By Resolution No. 847 of 14 July 2025, the Government amended the Criteria and Procedure for designating enterprises, institutions, and organizations as critically important for the functioning of the economy and the maintenance of vital public life during extraordinary periods (the "Criteria").

In a significant move towards economic recovery and strategic growth, Ukraine and its international partners have launched several finance initiatives aimed at mobilizing capital and transforming critical sectors. These efforts, including the United States-Ukraine Reconstruction Investment Fund and other programs announced in 2025, showcase a commitment to rebuilding Ukraine through blended finance models. This article explores these developments and their implications for Ukraine’s future.

Sayenko Kharenko has advised the European Fund for Southeast Europe on a EUR 10 million equivalent loan in Ukrainian hryvnia granted through its Ukraine Sub-Fund to ProCredit Bank. 

Ilyashev & Partners has advised the Estonian Centre for International Development on the registration and legal implementation of an international technical assistance project in Ukraine, aimed at constructing a modern family-type orphanage in the Zhytomyr region.

Integrites has initiated an antidumping investigation on behalf of Ukratlantik LLC and Hydroprom LLC, targeting imports of electric storage water heaters from China into Ukraine.

On 14 June 2025, Law of Ukraine "On Amendments to the Law of Ukraine "On the Organisation of Labour Relations under Martial Law" Regarding Information Exchange and Suspension of Employment Agreements" (the "Law") entered into force.

Sayenko Kharenko has advised the European Bank for Reconstruction and Development on a EUR 10 million loan to the city of Lviv, aimed at ensuring the continued provision of vital municipal services and mitigating the impact of the ongoing war in Ukraine.

Kinstellar, working with Argo, has advised Altenova on its merger with Pyronova Group. KPMG Legal reportedly advised Pyronova.

Integrites has joined the Diia City Union as a legal partner, aligning itself with the professional association of resident companies within Ukraine’s Diia.City legal and tax framework.

Sayenko Kharenko has advised the European Fund for Southeast Europe on the provision of a EUR 20 million loan through its Ukraine Sub-Fund to Ukrgasbank. 

On 27 June 2025, the President of Ukraine signed decree No. 422/2025 enacting the decision of the National Security and Defence Council of Ukraine (“NSDC”) “On Synchronisation of Sanctions Pressure of Ukraine, the European Union and Other Members of the Group of Seven on the Russian Federation and Related Entities”, dated the same day (“Decision”).

Sayenko Kharenko has advised the ad hoc committee of noteholders on the consent solicitation process relating to DTEK Energy’s senior secured PIK toggle Eurobonds.

Ukraine’s legal market continues to operate under extraordinary pressure, shaped by the ongoing war and its widespread impact on all facets of business and governance, according to DLF Counsel and Head of Banking & Finance and Agriculture Iurii Dynys. Despite the challenges, the demand for core legal services remains high, with growing attention paid to post-war reconstruction planning, emerging industries, and navigating the tumultuous investment climate.

Sayenko Kharenko has advised the European Fund for Southeast Europe on the provision of a EUR 15 million UAH-equivalent loan to Bank Lviv via the fund’s Ukraine Sub-Fund.