With effect from 16 May 2023, Ukrainian borrowers are allowed to make payments from Ukraine abroad to repay and service certain
cross-border loans from foreign lenders. This applies to the loans that are:
Dentons Advises Farmak on Acquisitions in Czech Republic, Slovakia, and Ukraine
Dentons has advised Farmak on a series of acquisitions from a portfolio company of private equity house Novator.
B2RLaw Advises CMT Group on EUR 27 Million EU-Funded Humanitarian Project for Ukraine
B2RLaw has advised UK-based construction equipment supplier CMT Group on the supply contract and the separate donation contract with the Polish Government Agency for Strategic Reserves for humanitarian aid to Ukraine in the form of power generators. The EUR 27 million contract was financed under the EU's Civil Protection Mechanism.
Arbitration Association of Central and Eastern Europe Launches in Bratislava
On June 7, 2023, the Arbitration Association of Central and Eastern Europe – ArbCEE – was officially launched in Bratislava.
Ukraine: Is the Russian Invasion Considered a Force Majeure Event for a Ukrainian-Law Lease Contract?
The laws of Ukraine define force majeure as an extraordinary and unpreventable event, man-made or act of God, which objectively makes impossible the performance of contractual obligation(s) by one or both parties to a contract. Force majeure exempts a non-performing party from liability (penalties) for breach of contractual duty if caused by force majeure rather than from the performance of contractual obligations.
CEE Real Estate Keeps It Real
Following a tumultuous year marked by the ongoing conflict in the region and rising financing expenses, we reached out to experts across CEE to gain a deeper understanding of the real estate landscape, including key factors driving the industry and the primary obstacles it faces.
CMS Advises EBRD on 35% Stake Investment in Lviv M10 Industrial Park Project
CMS has advised the European Bank for Reconstruction and Development on its acquisition of a 35% stake in the Lviv M10 industrial park project in Western Ukraine, developed by Dragon Capital. Aequo reportedly advised Dragon Capital.
Banking & Finance in Ukraine
Contributed by Arzinger.
Ukraine: Priorities of Antimonopoly Committee of Ukraine for year 2023 and looking back at 2022 performance
At the end of March, the Antimonopoly Committee of Ukraine (the "AMC") published its Annual Report for 2022 (the "Report").
Integrites Provides Pro Bono Advice to Family of Captured Ukrainian Soldier
Integrites has been providing pro bono legal advice to the military personnel protecting Ukraine in the war against Russia, as well as to members of their families.
Ilyashev & Partners Provides Pro Bono Support to Family of Fallen Ukrainian Soldier
Ilyashev & Partners has provided pro bono legal support to the family of a fallen Ukraine's Armed Forces soldier in receiving UAH 15 million in financial compensation.
Asters Successful for HBO in Chornobyl Series Dispute
Asters has successfully defended the interests of the Home Box Office company in a dispute before Ukrainian courts regarding the production and distribution of its Chornobyl limited series in the country.
Law of Ukraine “on Collective Bargaining Agreements and Contracts” Is Signed
On 11 April 2023, the President of Ukraine signed Law of Ukraine “On Collective Bargaining Agreements and Contracts” No. 2937-IX, dated 23 February 2023 (“Law”).
Ukraine to Resume Work on Granting Concession of the Chornomorsk Seaport
The Ministry of Infrastructure of Ukraine is to resume work leading up to the grant of concession of three terminals of the Chornomorsk seaport, one of the largest seaports in Ukraine. In particular, the concession is to cover the first (cargo) terminal, the container terminal, and the fifth (railway and ferry) terminal.
International Register of Damage Caused by the Agression of the Russian Federation Against Ukraine: An Agreement Has Been Signed
On 17 May 2023, at the Council of Europe Summit, the European Union and 43 other countries signed the agreement on the Register of Damage Caused by the Aggression of the Russian Federation Against Ukraine ("Register").
Avellum Advises Aristocrat on USD 1.2 Billion Acquisition of NeoGames
Avellum, working with Freshfields Bruckhaus Deringer, has advised Aristocrat on its USD 1.2 billion acquisition of NeoGames. Latham & Watkins advised NeoGames.
Ukraine Is Moving Past the War: A Buzz Interview with Illya Tkachuk of Integrites
Reconstruction efforts, the relocation and diversification of businesses, currency control restrictions buoying the local M&A market, and the restart of privatizations and concessions are among the key developments in Ukraine’s business landscape, according to Integrites Senior Partner Illya Tkachuk.
Kateryna Tsvetkova and Oleksandr Melnyk Make Partner, Viktoriia Bublichenko Appointed Head of Tax at GoLaw
Former Counsels Kateryna Tsvetkova and Oleksandr Melnyk have been promoted to Partner, while former Associate Viktoriia Bublichenko became a Counsel and Head of the Tax, Restructuring, Claims, and Recoveries practice at GoLaw in Kyiv.