Avellum has advised Kernel Holding S.A. in connection with an offering of USD 300 million 6.5% guaranteed notes due 2024. Joint lead managers ING Bank N.V., London Branch, and J.P. Morgan Securities plc were reportedly advised by Latham & Watkins and Sayenko Kharenko.

Asters has advised Green Genius, a renewable energy company that is part of Modus Group International, on the construction of 14 MW solar power plant in the village of Zalukva in the Ivano-Frankivsk region of Ukraine.

Ukraine is undergoing a period of structural reform throughout its financial and banking sectors that is unprecedented in its scale and complexity. The reform of the currency control regime culminated in the full cancellation of a 26-year old system and the introduction of a legislative road map for the gradual implementation of the free movement of capital. The reform gave a critical impetus to the development of the securities market and foreign investments, with Clearstream opening a direct securities account at the National Bank of Ukraine (the NBU) to provide easier access to hryvnia-denominated sovereign bonds. Ukrainian banks were authorized to grant short-term loans in local currency to foreign investors so they could invest in the bonds and hedge the FX risks of such transactions. The introduction of the IBAN standard is another example of the ongoing process of harmonizing the Ukrainian payment landscape.

Sayenko Kharenko has advised joint lead managers Raiffeisen Bank International and Renaissance Capital on the EUR 325 million Eurobond issue by DTEK Renewables, a first-ever issue of notes under the green bond framework by a business from Ukraine.

KPD Consulting has helped System Fort LLC reclaim the right to unidentified property and eliminate discrepancies between current and archived records of the State Register of Proprietary Rights to Real Property.

Integrites has advised UMITLI, a Turkish developer of renewable energy facilities, on the construction of three photovoltaic plants with a total capacity of 26 MW in the Dnipropetrovsk region of Ukraine. The total investment amounts to USD 30 million.

Aequo and Freshfields Bruckhaus Deringer have advised NJSC Naftogaz on Ukrainian law matters in connection with the company’s return to the market with EUR 500 million 7-year Eurobonds at 7.625% p.a., its second capital markets transaction in 2019. Avellum and White & Case advised lead-manager and book-runner Citibank.

CMS has advised a syndicate of banks led by ING and UniCredit as mandated lead arrangers on the extension and USD 100 million increase of a pre-export credit facility to Ukraine’s Kernel Group. The total available limit under the amended facility was increased to USD 390 million.

Everlegal has advised UDP Renewables on the launch of the Pervomajsk project, a 6.5 MW solar power plant in the Mykolaiv region of Ukraine.

Marchenko Partners has acted as legal counsel to Western NIS Enterprise Fund in connection with the Impact Investing Program, which was initiated in 2016 in partnership with Oschadbank and Kredobank to provide social enterprises with access to Hryvnia-denominated low-interest loans.

Sayenko Kharenko acted as Ukrainian legal counsel to joint-bookrunners Deutsche Bank, Natixis and UniCredit on Metinvest's dual-currency Eurobond issue, which consisted of a USD 500 million 7.75% tranche and EUR 300 million 5.625% tranche. Avellum advised Metinvest on the issuance.

Eterna Law has successfully defended the interests of PJSC "Stevedoring Company Avlita" in a complex tax dispute.

“It’s not that laws don’t exist – it’s the faith in the law, courts, and lawyers that is missing,” says Zoryana Sozanska-Matviychuk, Partner at Redcliffe Partners in Kiev. “What I hope we see from the new government is not any particular legislation; it is much better implementation. This will hopefully lead to more trust in the country’s legal system as a whole.”

Borovyk & Partners has advised Switzerland's Geberit Group, a European manufacturer of sanitary parts and related systems, on a squeeze-out of minority shareholders of Ukraine's PJSC Slavuta Plant Budfarfor.

Vadim Medvedev, Partner and Head of Tax at Avellum, has been appointed to lead the firm’s dispute resolution practice as well.

 Shhaukat Valitov, former in-house counsel at Mirax, has joined Eterna Law as partner in charge of the Uzbekistan markets.

Former Arzinger Partner and Head of Tax and Labor Law Pavel Khodadovsky has been appointed Deputy Minister of Finance by the Cabinet of Ministers of Ukraine.

Vasil Kisil & Partners has successfully represented Miniso Ukraine in a VAT dispute worth over UAH nine million.