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. This long-standing prohibition, commonly known as the “land moratorium”, is…
Read MoreWe are happy to announce that the Production Enhancement Contract (PEC) between UkrGasVydobuvannya (UGV) and Expert Petroleum has been shortlisted for the Deal of the Year award in Ukraine by CEE Legal Matters. Redcliffe Partners’ team, comprising Partner Dmytro Fedoruk and Associate Vlad Zakon, was pleased to assist UGV with the PEC deal, which was signed in April 2020. This is the…
Read MoreRedcliffe Partners is pleased to announce our new partner Sergiy Ignatovsky, who joins the firm’s leading Litigation and Restructuring practices. Sergiy is one of the top professionals in Ukraine focusing on restructurings, high-profile complex litigation and special situations. His professional background is diverse. Sergiy has previously worked for many years as a partner in the litigation groups of several leading Ukrainian…
Read MoreTogether with the Norwegian-Ukrainian Chamber of Commerce and Cushman & Wakefield Ukraine, Redcliffe Partners recently hosted a webinar on Real Estate in Ukraine – Rules, Regulations, and Opportunities for Norway, with a focus on commercial real estate such as offices, retail, logistics and more. In addition to recent commercial real estate trends in Ukraine, the participants discussed property title checks and other legal matters to be…
Read MoreThe Ukrainian Government continues to develop and adopt the gaming laws which are necessary to relaunch the Ukrainian gaming market. After the Gambling Law entered into force in August 2020, the following principal steps were completed by the Government: In September-November 2020, the Cabinet of Ministers established and appointed the members of the Gambling Commission, which is now operational and…
Read MoreIn recent years, Ukraine has made significant moves towards the development of its alcohol production market. In December 2019, Ukraine adopted a law abolishing the monopoly of Ukrainian state-owned alcohol producer, Ukrspyrt, and announced the upcoming privatisation of Ukrspyrt’s assets. Ukrspyrt, Ukraine’s largest producer of alcohol and alcohol-containing products, owns 41 production sites (all of which are intended to be…
Read MoreRedcliffe Partners is pleased to announce the promotion to partner of Svitlana Teush, who leads the firm’s Renewable Energy, Real Estate and Construction practices. “Svitlana has been with us for four years. She, together with her team, has built the renewable energy, construction and real estate practices into one of the strongest in the market”, Managing Partner Olexiy Soshenko said. “She has…
Read MoreFor many years, Ukrainian capital markets have barely functioned due to significant gaps and inconsistencies in the underlying legislation. The new law No. 2284 “On amendment of certain laws with respect to investments and new financial instruments” (the “New Law“) which was officially published on 15 August 2020 aims at restarting Ukrainian capital markets. It brings Ukrainian legislation in line…
Read MoreOn 21 July 2020, the long-awaited draft law No. 3658 “On the Amendments to Certain Laws of Ukraine on the Improvement of Support for the Production of Electricity from Alternative Energy Sources” (the “Draft Law”) was adopted by the Parliament of Ukraine in the second reading. To a large extent, the Draft Law reflects the arrangements set forth in the…
Read MoreUkrainian law now offers additional anti-raid protection in respect of a limited liability company (the “LLC”). Specifically, Law of Ukraine “On amending certain legislative acts of Ukraine on combating raiding” No. 340 dated 5 December 2019 (the “Law”) has recently come into effect (i.e., the effective date as per the database of the Ukrainian Parliament is 16 July 2020). The…
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