We are all witnesses to the unprecedented aggression against Ukraine waged by the russian federation with full support and cognizance of the republic of belarus. This aggression has already brought about numerous deaths, unspeakable suffering of the civilian population, damage to Ukrainian cultural heritage and destruction of the infrastructure. It cannot be justified. As a Ukrainian law firm with a…
Read MoreOn 15 February 2022, a long-awaited draft law No. 5436-d “On the Amendment of Certain Laws of Ukraine Regarding the Development of Energy Storage Facilities” (“Draft Law“) was adopted in its entirety by the Ukrainian Parliament at its second reading. The Draft Law develops the legal framework for the deployment of energy storage facilities (“ESF“), which has been very limited…
Read MoreRedcliffe Partners team assisted EBRD with an innovative deal – a EUR 75,000,000 guarantee to Raiffeisen Bank Ukraine (RBUA). The guarantee will cover the risk of non-payment of local currency sovereign bonds held by RBUA. EBRD’s guarantee will free up Raiffeisen’s credit capacity at the group level, which will allow RBUA to allocate fresh funds for the financing of Ukrainian…
Read MoreAndriy Nikiforov, Partner in the Banking, Finance & Capital Markets practice at Redcliffe Partners has been elected to the Board of the Banking, Finance and Insurance Committee of the Ukrainian Bar Association (UBA) for 2022-2023. Previously, Andriy served as Chair of the Committee for two consecutive two-year terms, in 2018-2019 and 2020-2021. Under Andriy’s leadership, the Committee organised over fifteen…
Read MoreRedcliffe Partners has scored a courtroom victory for the Nordic Investment Bank (the “Bank“), the international financial institution of the Nordic and Baltic countries, at the Grand Chamber of the Supreme Court, whose ruling in this case sets one of the most resounding and important court precedents in the context of cross-border finance deals. The case concerned the recognition of…
Read MoreRedcliffe Partners is delighted to announce the promotion to Partner of Oleksandr Markov, Head of the Tax and Tax Litigation practice, effective 4 January 2022. Oleksandr’s practice focuses on tax planning and structuring, tax disputes and investigations, and transactional tax. He is highly experienced in due diligence, transactional structuring, and advising private clients. Oleksandr also provides legal support in criminal proceedings…
Read MoreRedcliffe Partners today announces that Albert Sych has joined the Firm as a partner. Albert Sych has practised law for over 20 years, including 17 years at EY Ukraine, where he was a partner for the last eight years. While at EY, Albert set up and successfully led the Law practice of EY in Ukraine, and also served as a…
Read MoreA new draft personal data protection law, draft Law of Ukraine No. 5628 (“Draft 5628”), was introduced to the Ukrainian parliament on 7 June 2021. Draft 5628 replaces certain earlier draft laws on this subject and is currently the only draft legislation in the area of personal data protection. The main purpose of Draft 5628 is to align the existing…
Read MoreLast week the finalized version of the Ukrainian ISDA Master Agreement (“Ukrainian ISDA“) was officially published by the Independent Association of the Banks of Ukraine (available at the link). The Ukrainian ISDA is the Ukrainian law-governed template agreement for transactions with over-the-counter derivatives (i.e. derivatives which are not exchange-traded). It has been developed by Ukrainian market participants, professional associations and…
Read MoreAs Redcliffe Partners previously informed here, Ukrainian companies had to disclose their ultimate beneficial owners and ownership structure in the Ukrainian companies register until 10 October 2021. On 8 October 2021, the parliament of Ukraine adopted amendments to the Law of Ukraine “On the Prevention and Counteraction of Legalisation (Money Laundering) of Illegally Obtained Proceeds, Financing of Terrorism and Financing…
Read More