Practice
Archive
Ukraine to hold a tender regarding a Production Sharing Agreement for a large offshore hydrocarbon block
18 April 2019

Ukraine continues attracting investments into its exploration and production industry by organising Production Sharing Agreement (PSA) tenders. In addition to nine onshore PSA tender to be held in June 2019, on 12 April 2019 the Government officially made public the tender for execution of a 50-year Production Sharing Agreement within massive Dolphin block consisting of 9,500 sq. km in the north-western part of Ukraine's Black Sea continental shelf.

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The largest fines imposed by the Antimonopoly Committee of Ukraine in 2018, and its enforcement priorities
25 March 2019

This overview is prepared based on the decisions issued by the Antimonopoly Committee of Ukraine (the "AMC") during the period from January to December 2018.

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Ukraine's Parliament to consider the draft law on auctions in the second reading
04 March 2019

On 27 February 2019, the Parliament's Committee on Energy and Fuel Complex, Nuclear Policy and Nuclear Safety (the "Committee") considered and approved amendments to draft law No. 8449-д contemplating the introduction of renewable energy auctions in Ukraine (the "Draft Law") to be submitted to the Parliament for its second reading in March 2019. The full official text of the Draft Law to be submitted for the second reading has not yet been published. Based on the Committee's discussions, the following key provisions are expected to be included in the Draft Law for the second reading.

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CIS-FSU Chapter Event – Ukraine 2019 Licensing Rounds: A Big Attraction for Oil & Gas Investors
18 February 2019

On 15 February the CIS-FSU Chapter Event – "Ukraine 2019 Licensing Rounds: A Big Attraction for Oil & Gas Investors" – took place in Kyiv. It was organised by the Association of International Petroleum Negotiators and the Association of Gas Producers of Ukraine, and sponsored by Redcliffe Partners and EY. It covered two major events that are to take place in the Ukrainian oil and gas industry, being 12 production sharing agreement (PSA) tenders in June 2019 and 17 online licence auctions.

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Ukraine approximates procedural fairness standards in antitrust proceedings with those of the EU
11 February 2019

On 7 February 2019, the Ukrainian Parliament adopted a new law (the "Law") introducing long-awaited amendments to the Laws of Ukraine "On Protection of Economic Competition" and "On the Antimonopoly Committee of Ukraine", which are aimed to ensure procedural fairness and rights of defence in antitrust proceedings in Ukraine. The Law is adopted in line with Ukraine's obligations under the Ukraine EU Association Agreement, and implements certain new mechanisms and procedures which are partially based on approaches used in the conduct of the proceedings by the European Commission.

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New currency control regime in Ukraine
17 January 2019

On 4 January, the National Bank of Ukraine (the "NBU") approved and published a number of regulations setting out a new legislative framework for Ukrainian currency control. These regulations will come into effect on 7 February 2019, along with a new law titled "On Currency and Currency Operations".

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Ukraine to hold 12 tenders for Oil & Gas Production Sharing Agreements
14 January 2019

On 18 December 2018 the Ukrainian Government approved carrying out tenders for oil & gas production sharing agreements ("PSAs").

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Zoryana Sozanska-Matviychuk has been promoted to partner and appointed as Head of the firm’s M&A practice
09 January 2019

Ukrainian law firm Redcliffe Partners is proud to announce that Zoryana Sozanska-Matviychuk has been promoted to partner and appointed as Head of the firm’s M&A practice.

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Redcliffe Partners is amongst the Top-3 law firms by both number and value of Finance and M&A deals in Ukraine during 2016-2018
19 December 2018

Redcliffe Partners is amongst the Top-3 law firms by both total number and value of Finance and M&A deals in Ukraine concluded during 2016-2018, according to Yuridicheskaya Practika's Deals Tables, which form a part of its annual research on the Top 50 Law Firms in Ukraine.

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VAT exemption for import of certain wind and solar equipment, and the simplification of land use for RES projects
12 December 2018

The Ukrainian Parliament has further supported the development of RES by granting a VAT exemption for imports of certain wind and solar equipment, as well as simplifying the land use requirements for certain land categories.

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