“For the first several months, almost all of our existing projects were put on hold and there were no new requests from clients,” Fedoruk explains. “However, it was a time of complete chaos so we were not very concerned with the absence of work. On the first day of the war, we advanced 3-months’ salary to all our employees and…
Read MoreMarch 2022 was a breakthrough month for the virtual assets market in Ukraine. With the help of Ukraine‑based Everstake and Kuna, the Ministry of Digital Transformation of Ukraine set up a fund to accept donations in crypto assets to primarily support Ukraine’s military needs. According to the Ministry, Ukraine’s government has raised over USD60 million in crypto donations to date….
Read MoreThis year marks the start of a new era for all Ukrainian taxpayers – both corporate and individuals. Ukraine lawmakers up to – and especially in – 2021 made unprecedented efforts to implement into local law and the network of double tax treaties major recommendations and principles which went far beyond the minimum base erosion and profit shifting (BEPS) action…
Read MoreAn in-depth look at Olexiy Soshenko of Redcliffe Partners covering his career path, education, and top projects as a lawyer as well as a few insights about him as a manager at work and as a person outside the office. Career: Redcliffe Partners, Managing Partner, 2015-Present Clifford Chance, Counsel and Head of Banking & Finance in Ukraine, 2008-2015 CMS Cameron McKenna,…
Read MoreOn 24 February 2022, the National Bank of Ukraine, in response to the introduction of the martial law in Ukraine initially imposed for 30 days but subsequently extended currently until 25 May 2022, issued Regulation No. 18 on banking system operations during martial law to prevent unproductive capital outflows from the country and to ensure the reliable and stable functioning…
Read MoreThe Law of Ukraine “On the Organisation of Labour Relations during Martial Law” No. 2136-IX dated 15 March 2022, effective from 24 March 2022 (the “Law”) is aimed at regulating and optimising labour relations during the effective period of martial law in Ukraine. Key notable changes of the Law include: Suspension of employment agreements. Pursuant to the Law, an existing…
Read MoreOn 30 March 2022, the Antimonopoly Committee of Ukraine (the “AMC“) adopted the guidelines on the merger control procedure during the time of the martial law in Ukraine (the “Guidelines“). Pursuant to the Guidelines, the obligation to obtain prior clearance for notifiable transactions remains in force during the time of the martial law. The AMC will accept the filings but will…
Read MoreIn a recent publication in CEE Legal Matters, Andriy Nikiforov, a Partner with Redcliffe Partners, shares his thoughts on concession and PFI projects that Ukraine’s government is expected to award in 2022 and the public support these projects may benefit from under the existing framework, making them more exciting for potential investors. To read the article, please follow the link:…
Read MoreUkraine’s transport and infrastructure system plays a key role in the country’s economy, particularly with its role in export and trade in the agricultural, industrial, and other sectors. Ukraine is conveniently located on different transport routes. However, it does not fully capitalize on its geographical benefits and does not fulfill its potential as a transit country, as it is not…
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…
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