In the midst of ongoing conflict, one solution is emerging that could be a crucial factor in attracting foreign investment to Ukraine: war risk insurance. Asters Senior Partner Armen Khachaturyan, Dentons Partner Adam Mycyk, Integrites Partner Igor Krasovskiy, and Redcliffe Partners Managing Partner Olexiy Soshenko discuss how this specialized insurance product is shaping the investment landscape. “A Gap-Filling Insurance Product” “Since the…
Read MoreYuriy Terentyev and Denys Medvediev, Partners at Redcliffe Partners, discuss key trends shaping Competition Law in Ukraine, and related challenges ahead for 2025, in an Interview for CEE Legal Matters’ Special “An Outlook on 2025” Issue. CEELM: Do you expect the competition authority to be more or less active in 2025 compared to 2024? Why? Terentyev: Since the full renewal of its operations…
Read MoreAs Ukraine enters the third year of the full-scale invasion, it is struggling to find solutions to support its economy during wartime. As outlined in previous editions, the Ministry of Economy is pursuing anticipated legislative initiatives expected to attract vital investments by securing them with insurance products by market standards. In 2024, the National Bank of Ukraine (NBU) presented a…
Read MoreUkraine’s war-torn economy has been severely affected by Russian aggression during the war. Reports indicate that Ukraine’s GDP has dropped by nearly 30% since the invasion. The National Bank of Ukraine (NBU) and the International Monetary Fund project that the country’s economy may not fully recover until 2030 under a baseline scenario. It is vital now to support economic growth…
Read MoreFollowing the russian invasion and the imposition of martial law, the National Bank of Ukraine (NBU) restricted cross-border payments from Ukraine. The NBU has gradually relaxed currency controls to improve Ukraine’s business environment and attract new investments. New Amendments Dividend repatriation and Eurobond payments. The NBU now allows (i) the repatriation of dividends accrued from 1 January 2024, not exceeding…
Read MoreDmytro Fedoruk, Partner at Redcliffe Partners, participated as a representative of Ukraine at the CEE Legal Matters Round Table on Oil & Gas, joining experts from Bulgaria, Croatia, Moldova and Turkey. Moderated by CEE Legal Matters’ Radu Cotarcea, the discussion focused on key developments in the field of oil & gas over the past few years. Dmytro shared insights on…
Read MoreStandard procedure The Phase I review of a merger filing under the standard procedure may take up to 45 calendar days. This period consists of: preview period (15 calendar days), during which the Antimonopoly Committee of Ukraine (the ‘AMC‘) decides whether the filing is: complete and may be accepted for review on substance; or incomplete and should be rejected; review…
Read MoreUkrainian competition law provides that the following transactions, which are recognised as ‘concentrations‘, require prior merger clearance if the jurisdictional thresholds are met: merger of independent undertakings or takeover of one independent undertaking by another; [NB: under Ukrainian merger control rules, ‘mergers’ and ‘takeovers’ have the following meanings: ‘mergers’ – all merging entities cease to exist post-merger, and there is…
Read MoreNotifiability tests in Ukraine A concentration requires a merger clearance before closing if either Test A or Test B below is triggered for the preceding financial year: TEST A (at least two parties have turnover or assets in Ukraine): Ukrainian turnover or assets value of each of at least two parties > EUR 4 million; and combined worldwide turnover or…
Read MoreDuring the two years of full-scale war, Ukraine has experienced a staggering collapse in its exports abroad, reaching a record low for the past decade. Although there is an underlying trend of volume growth, in value terms, exports remain markedly low compared with previous years. The main challenges remain the same: the ongoing hostilities and their impact on production and…
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