As the one-year of russia’s invasion of Ukraine approaches, CEE Legal Matters caught up with Redcliffe Partners’ Managing Partner, Olexiy Soshenko, to understand how he has adapted to the new circumstances. The war has profoundly impacted Ukraine, its people and its businesses, including the legal profession. Safety and emotional well-being were paramount concerns for law firms during the initial period of the war. Soshenko…
Read MoreSince 24 February 2022, when Russia launched its illegal full-scale invasion of Ukraine violating the very essence of international law and common values of humanity, life for millions of Ukrainians has dramatically changed. Since then, our country has been facing enormous challenges both in public and private sectors, which, inter alia, includes the banking sphere. After a few months following…
Read More2022 was a challenging year. To put a more positive spin on things, Redcliffe Partners Managing Partner Olexiy Soshenko shared with CEE Legal Matters what was, for him, the biggest positive surprise in 2022. “In 2022 in Ukraine, it is somewhat difficult to speak of positive surprises,” Soshenko begins. “However, looking back at 2022, there was a great deal of…
Read More“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…
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