Redcliffe Partners acted as Ukrainian legal to EBRD in connection with an up to EUR 25 million term loan to be provided to Ukrainian State Air Traffic Services Enterprise towards working capital needs. Redcliffe Partners’ role in the transaction included reviewing and negotiating the loan agreement, collection of conditions precedent, and issuance of the Ukrainian legal opinion. Our team advising…
Read MoreFor some considerable time, there has been periodic interest in legal and political circles in the use of Kazakhstan’s experience and the incorporation of British jurisdiction within its own domestic jurisdiction. That is, the creation of a special “court for the protection of foreign investment”, consisting of highly qualified representatives from different jurisdictions: Britain, America, France, Germany. Yevgen Dyadyuk, a…
Read MoreUkrainian law now offers additional anti-raid protection in respect of a limited liability company (the “LLC”). Specifically, Law of Ukraine “On amending certain legislative acts of Ukraine on combating raiding” No. 340 dated 5 December 2019 (the “Law”) has recently come into effect (i.e., the effective date as per the database of the Ukrainian Parliament is 16 July 2020). The…
Read MoreRedcliffe Partners acted as Ukrainian legal adviser to a Dutch international financial institution in connection with an up to USD20 million term secured loan to be provided to Nibulon LLC, one of the largest Ukrainian agricultural companies, to finance purchase of grain and other agricultural commodities of the harvest campaigns of 2020 and 2021. Redcliffe Partners’ role in the transaction…
Read MoreIn Ukraine, legal protection is not available to marks that conflict with good public order and the principles of humanity and morality. Maria Koval, Counsel for Redcliffe Partners, and Anastasia Yushina, associate for Redcliffe Partners, have written an article for Yurydychna Gazeta, in which they examined the grounds for classifying trademarks as immoral. To read the text of the article…
Read MoreOn 10 June, the long-awaited Memorandum of Understanding on the Settlement of Problematic Issues of the Ukrainian Renewable Energy Sector (the “MoU”) was signed by the Prime Minister of Ukraine, the acting Minister of Energy and representatives of major renewable energy associations UWEA (Ukrainian Wind Energy Association) and EUEA (European-Ukrainian Energy Association). The MoU accommodates the arrangements reached by the public…
Read MoreRedcliffe Partners acted as a legal adviser to Citibank Ukraine in connection with a loan of up to USD30 million to Myronivsky Hliboproduct (“MHP”), one of the largest Ukrainian producers and exporters of agricultural products and poultry meat. The loan will be used to finance MHP’s working capital needs. The loan was negotiated and executed during the period of quarantine…
Read MoreFollowing delayed signing and publishing, Law No. 466-IX dated 16 January 2020 “On amendments to the Tax Code of Ukraine related to the improvement of tax administration and elimination of technical and logical inconsistencies in the tax legislation” (the “Law”) was officially published and became effective on 23 May 2020. We would like to remind you of the most significant…
Read MoreThe Law introduces a new risk-oriented financial monitoring approach similar to EU anti-money laundering standards. Here are the principal elements of the Law relevant to business: 1) The definition of ultimate beneficial owner (“UBO”) has been widened. The list of persons who are deemed UBOs of a trust was extended to include a founder, trustee, protector, beneficiary or group of beneficiaries of the…
Read MoreThe Antimonopoly Committee of Ukraine (the “AMC”) has been extremely active since the beginning of the COVID-19 outbreak. Investigations have been launched into parallel price increases (i) by pharmacies and wholesale suppliers of healthcare products and (ii) by food retailers and their wholesale suppliers of vegetables and long-life foodstuffs. Another hotly debated COVID-related case concerns the spike in prices for…
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