Kinstellar’s Kyiv office has advised Vienna-based Raiffeisen Bank International AG on the matters of enforceability under Ukrainian law of netting derivative transactions with Vodafone Ukraine.

On June 1, 2021, CEE Legal Matters reported that Vasil Kisil and Partners has successfully represented commercial audio content provider PressCom and its clients in a lawsuit brought against them by the Ukrainian League of Copyright and Related Rights for lost profits allegedly arising from their use of PressCom sourced music in their restaurants. CEE In-House Matters spoke with Denys Kukharenko Co-Founder and CEO of PressCom to learn more about the matter.

EY Law’s Bogdan Malniev Interviews the Head of the PPP Unit of the Ministry of Infrastructure of Ukraine, Taras Boichuk, on the 2020 Deal of the Year in Ukraine. 

Asters has appointed Counsel Anzhelika Livitska to head the Environmental Protection and Sustainable Development practice.

Golaw has successfully represented international cosmetics manufacturer Evyap Trading Ukraine in a tax dispute worth UAH 4 million.

On April 16, 2021, CEE Legal Matters reported that KPD Consulting had successfully represented the community of the Vozdvyzhenka neighborhood in Kyiv in a dispute with the developer of the Podol Grad Vintage residential complex. CEE In-House Matters spoke with Tatiana Maksymenko, Project Manager of Development of the Communal Reform at Vozdvyzhenka Street Committee, to learn more about the dispute.

The ILF law firm has represented Pavlo Schwartz – a candidate for the position of the Bishop of the German Evangelical Lutheran Church of Ukraine – in a dispute over being registered as head of the church.

According to Avellum Partner Maksym Maksymenko, the key developments in the country’s economy revolve around infrastructure projects, agricultural land regime liberalization, and large-scale privatization of certain state-owned companies. Maksymenko also reports several updates in legislation, primarily in the areas of zoning and city planning, and capital markets.

CMS has advised the ING Bank N.V. on its provision of a USD 100 million three-year syndicated loan to Nibulon SA.

Former Kinstellar Kyiv Counsel Andriy Nikiforov has joined Redcliffe Partners’ Banking & Finance practice as a Partner. He will lead the firm’s cross-practice Technology, Media, and Telecommunications industry group.

Golaw has successfully defended the interests of Canadian investor TIU Canada over a solar power plant disconnection.

Iurii Sukhov has joined Arzinger as a Partner and will lead the firm’s White Collar Crime practice together with Kateryna Gupalo and Oleksander Plotnikov. 

Sayenko Kharenko and Turcan Cazac advised joint bookrunners Citigroup, ING, and Renaissance Capital on the tap issue of USD 50 million 8.45% secured notes due 2026 by Trans-Oil Group. Baker McKenzie and Gladei & Partners advised Trans-Oil Group. 

Sayenko Kharenko has acted as Ukrainian legal counsel to the EBRD on its provision of a Hryvnia currency loan equivalent to EUR 25 million to Ukrgasbank.

The fundamental goal of each company is to increase sales. For this purpose, players that operate in the Ukrainian pharma market utilize a wide range of promotional activities. However, Ukrainian laws on health protection allow very few of them when it comes to prescription (or “Rx”) pharmaceuticals.

Despite the recent escalation of the conflict in Eastern Ukraine and its negative impact on business in the country, Anastasiya Bolkhovitinova, Counsel at Kinstellar, says that telecommunications and IT have been on the rise, and significant legal changes were introduced on tech incentives, foreign direct investment, capital markets, and agricultural land.

On 15 July 2021, the Ukrainian Parliament adopted at its first reading the draft law introducing the new tax framework for the gaming industry (No. 2713-д). This is one of the key steps towards the full-fledged relaunch of Ukraine’s gaming market following its ban in 2009.

On 21 July 2021, Law of Ukraine “On Amendments to Tax Code of Ukraine and Other Laws of Ukraine on Stimulating De-Shadowing of Income and Improving Tax Culture of Citizens by Introducing One-Time (Special) Voluntary Disclosure by Individuals of Their Assets and Payment to Budget of One-Time Duty” No. 1539-IX, dated 15 June 2021 (“Tax Amnesty Law”), entered into force.