Law on renewable energy auctions in Ukraine is now in effect
05 August 2019

On 22 May 2019, law No 2712-VIII “On Amendment of the Laws of Ukraine in Regard to Ensuring Competitive Terms of Electricity Production from Renewable Energy Sources“ became effective, which contemplates the introduction of renewable energy auctions in Ukraine. The Law sets out the general framework and certain core elements of the auction system as set out below.

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The mandatory conversion of foreign currency has been cancelled
19 June 2019

The National Bank of Ukraine (the "NBU") has cancelled the long-standing requirement to convert 30% of foreign currency proceeds received by Ukrainian companies from abroad into hryvnias.

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Changes in the fees for actions related to the protection of intellectual property rights
18 June 2019

On 12 June 2019, the Cabinet of Ministers of Ukraine adopted Resolution No. 496 on changing the fees for actions related to the protection of intellectual property rights. According to the said Resolution, state fees for the registration, publication, maintenance of validity and any other action associated with intellectual property rights, in particular inventions and utility models, industrial designs, trademarks, geographical indications and topographies of integrated circuits, are substantially increasing (on average, by three to four times, or in certain instances even up to ten times).

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Svitlana Teush spoke at the International Construction Contract Conference
18 June 2019

Svitlana Teush, head of the real estate, construction and renewable energy focus practices at Redcliffe Partners, spoke at the International Construction Contract Conference held in Prague in May, one of the industry’s largest events with over 500 registered attendees. The event followed the release of the second edition of the book entitled "International Construction Contract Law" by Lukas Klee, published by Wiley-Blackwell, which for the first time included an essay on Ukraine written by Svitlana Teush. 

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Partner Zoryana Sozanska-Matviychuk admitted in England and Wales
14 June 2019

Redcliffe Partners is pleased to announce that Zoryana Sozanska-Matviychuk, Partner of Redcliffe Partners and Head of the M&A practice, has been admitted as a solicitor of the Senior Courts of England and Wales. Zoryana has become one of just a handful of Ukrainian practitioners who have successfully passed the Qualified Lawyers Transfer Scheme (QLTS) exams.

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Ukraine opens up for investment into UAH denominated sovereign bonds
31 May 2019

Until now the access of foreign investors to Ukrainian local sovereign bonds was possible but involved burdensome legal and administrative formalities. This is in marked contrast to the access available to foreign investors in Ukrainian sovereign Eurobonds, which circulate on international capital markets outside of Ukraine.

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New currency control regime in Ukraine
30 May 2019

On 7 February 2019, new currency control legislation came into effect in Ukraine. Given that the NBU subsequently introduced further relaxations, as well as issued several clarifications, we have updated our briefing note.

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Joint Redcliffe Partners and Clifford Chance legal executive course successfully launched on 24 May
29 May 2019

On 24 May 2019, we successfully launched a joint Redcliffe Partners and Clifford Chance legal executive course (LEC) with a focus on cross-border transactions and the interplay between their Ukrainian and English law aspects. At our inaugural session we covered a selection of topics under English law, including transactional matters, contracts and commonly used terminology under English law.

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Redcliffe Partners and Clifford Chance conducted a conference on international finance and recent trends in the LMA market
28 May 2019

On 23 May 2019, Redcliffe Partners jointly with Clifford Chance conducted a conference: “Ukraine opens up for international finance! Recent trends in the LMA market and Ukraine”. Hot issues in the lending market along with the challenges in the project finance became the focus of discussion subdivided into two sessions.

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The New Form of a Power Purchase Agreement under the Feed-in Tariff and the Offtake Procedure Approved by the Energy Regulator
10 May 2019

On 26 April 2019, the National Energy and Utilities Regulatory Commission adopted regulation No. 641 "On the Approval of the Normative Acts Governing the Activity of the Guaranteed Buyer and the Electricity Offtake under the Feed-in Tariff". This Regulation was developed to implement the necessary steps of the electricity market reform contemplated by the Electricity Market Law of Ukraine adopted in 2017.

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