The number one priority for Ukrainian firms is to ensure the safety of their employees while dealing with dire economic conditions and making collective efforts to help those in need, according to Sayenko Kharenko Co-Founding Partner Vladimir Sayenko.
Asters Successful for PrivatBank in LCIA Arbitration Proceedings
Asters, working with Quinn Emanuel Urquhart & Sullivan, has successfully represented the interests of PrivatBank in two parallel arbitration proceedings before the London Court of International Arbitration regarding the enforcement of eurobonds issued in 2010 and 2013.
183 Days of War in Ukraine: Tax Considerations for Refugees and Their Employers
Under many tax treaties mirrored after the OECD Model Treaty, the 183-day period implicates a significant threshold: individuals temporarily present in the treaty-party country (the Host Country) may be taxed by that country on income for personal services performed there if the individual resides in the Host Country for over 183 days in a given tax year. This is called the 183-Day Rule.
Integrites Successful for Epiroc in Safeguard Investigation
Integrites has successfully represented Epiroc in a safeguard investigation in Ukraine regarding the company's imports of three-cone drill bits into the country.
Avellum Advises on Roosh Investment in Neurons Lab
Avellum has advised all parties involved in Roosh's acquisition of a minority stake in Neurons Lab.
NBU Amends Martial Law Limitations Allowing Ukrainian Borrowers to Make Certain Payments on Cross-border Loans and Introduces Additional Restrictions
On 2 September 2022, the National Bank of Ukraine (NBU) adopted a new slew of changes to the martial law restrictions introduced on 24 February 2022:
Everlegal Works with Danish Refugee Council on Online Legal Support Platform for Displaced Ukrainians
Everlegal has announced its cooperation with the Danish Refugee Council to implement an online legal support platform aimed at helping Ukrainians around the world.
Ukrainian Law on Joint Stock Companies Is Substantially Modernised
The Parliament of Ukraine has adopted in its entirety draft law “On Joint Stock Companies” No. 2493, dated 25 November 2019 (“Draft Law”). The Draft Law is designated to align the regulation of joint stock companies (“JSC”) operation with EU corporate governance standards.
Avellum Advises on Launch of American University Kyiv
Avellum has advised the Managing Partners of the American University Kyiv on its launch in Ukraine.
Ukraine: Key Changes to Labor Laws
On July 19, 2022, Law of Ukraine No. 2352-IX On Amendments to Certain Legislative Acts of Ukraine, Governing Optimization of Labor Relations entered into full force and effect and amended the Code of Labor Laws of Ukraine (the Labor Code), the Laws of Ukraine On the Organization of Labor Relations under Martial Law, On Leaves, and others.
The Hidden Contract Risks in Your Global Supply Chain
On July 19, 2022, Law of Ukraine No. 2352-IX On Amendments to Certain Legislative Acts of Ukraine, Governing Optimization of Labor Relations entered into full force and effect and amended the Code of Labor Laws of Ukraine (the Labor Code), the Laws of Ukraine On the Organization of Labor Relations under Martial Law, On Leaves, and others.
Avellum Advises on Ukraine’s Consensual Deferral of External Debts
Avellum, working with White & Case, has advised the Ministry of Finance of Ukraine, National Power Company Ukrenergo, and the State Road Agency of Ukraine Ukravtodor on consent solicitations for extending external debts.
Ukraine: The Post-Victory Reconstruction
Historically, Ukraine has been known as a country with a good investment climate, particularly in the energy sector. The country’s high feed-in tariff rates, general digitalization, well-established and simplified regulatory procedures, and the availability of alternative suppliers for works and services, among other factors, have contributed to a large influx of investors in new green energy projects in Ukraine.
Asters Successful for Powerchina in Front of Supreme Court
Asters has successfully represented Power Construction Corporation of China and Powerchina Huadong Engineering Corporation in challenging security measures granted by the Kyiv Court of Appeal in assistance to arbitration proceedings pending before the Dubai International Arbitration Center against the Fursy Energy Group and FAS Energy.
Avellum Advises Ministry of Finance of Ukraine on Loans Extended by Italy and Canada
Avellum has advised the Ministry of Finance of Ukraine on extending a EUR 200 million 15-year loan from the Italian Republic and a CAD 450 million 10-year loan from Canada. Sayenko Kharenko advised the Government of Canada.
Kinstellar Advises Kyivstar on Helsi Acquisition
Kinstellar has advised telecommunications operator Kyivstar on its acquisition of a controlling stake in digital healthcare company Helsi.
Sayenko Kharenko and Avellum Advise on Restructuring of Ukraine’s Sovereign Debt
Avellum, working with White & Case, has advised the Ministry of Finance of Ukraine on the restructuring of Ukraine’s sovereign debt. Sayenko Kharenko, working with Latham & Watkins, advised JP Morgan in its role as solicitation agent. Weil Gotshal & Manges advised some of the GDP-warrant and bondholders.
Asters Advises on Olson Family Trust Humanitarian Mission in Ukraine
Asters has advised Olson Family Trust Director Chuck Olson prior to and during his visit to Ukraine on the implementation of the first phase of the trust’s humanitarian mission.