LCF Law Group has advised Scatec Solar on the launch of a 148-megawatt solar power plant located in the Mykolaiv region.
For several decades, it was prohibited in Ukraine to alienate, or change the designated use of, certain types of the privately owned agricultural land plots used for the farming and commercial agricultural production, which impaired the rights of private landowners and affected the efficiency, liquidity and transparency of the market.
On 2 July 2021, Law of Ukraine “On Amending the Tax Code of Ukraine on Abolition of Taxation of Income Received by Non-Residents in the Form of Payment for Production and/or Distribution of Advertisements and Improvement of Value-Added Taxation of Transactions Involving the Supply of Electronic Services by Non-Residents to Individuals” No. 1525-ІХ (the “Law”) entered into force. The Law introduces VAT on digital services supplied by non-residents to Ukrainian individual customers and abolishes 20% withholding tax on advertising services.
The Government of Ukraine has recently implemented additional measures to prevent and counteract the legalization (laundering) of proceeds of crime, terrorist financing and financing of proliferation of weapons of mass destruction. Thus, Ukraine made one more step towards implementing 4th Money Laundering EU Directive.
Avellum has advised State Road Agency of Ukraine Ukravtodor on a debut USD 700 million issuance of 6.25% guaranteed notes due 2028 with a benefit of the sovereign guarantee as well as the Ministry of Finance of Ukraine on the actual sovereign guarantee. Sayenko Kharenko and Linklaters advised managers J.P. Morgan, Dragon Capital, and Ukreximbank.
Sayenko Kharenko, Turcan Cazac, Linklaters, and Homburger have advised joint lead managers and bookrunners Citigroup, ING, and Renaissance Capital on the USD 400 million issuance of 8.45% secured notes due 2026 by the Trans-Oil Group of Companies. Gladei & Partners, Baker McKenzie, Arthur Cox, and Harneys Aristodemou Loizides Yiolitis advised the issuer and the guarantors.
On May 17, 2021, CEE Legal Matters reported that Asters had advised Ukraine Power Resources on the construction of the first phase of the Dnistrovska wind park. CEE In-House Matters spoke with Peter A. Gish, CEO at Ukraine Power Resources, to learn more about the deal.