On 21 July 2021, the Law of Ukraine on Amendments to the Tax Code of Ukraine and Other Laws of Ukraine on Encouraging the De-shadowing of Income and Improving Tax Culture of Citizens by Introducing a One-time (Special) Voluntary Declaration of Assets Belonging to Individuals and Payment of One-time Duty dated 15 June 2021 № 1539-IX (the Law) entered into force. An amnesty for competition…
Read MoreLeading Ukrainian law firm Redcliffe Partners is expanding its Banking & Finance practice with the hiring of a new partner, Andriy Nikiforov. Andriy is joining from Kinstellar, a major regional law firm, where he built the Ukrainian office’s banking & finance practice from scratch to reach Tier 2 according to Legal 500 and Tier 3 according to IFLR1000. Andriy has…
Read MoreOn 15 July 2021, the Ukrainian Parliament adopted at its first reading the draft law introducing the new tax framework for the gaming industry (No. 2713-д). This is one of the key steps towards the full-fledged relaunch of Ukraine’s gaming market following its ban in 2009. In order for the draft law to enter into force, it should be adopted…
Read MoreFor several decades, it was prohibited in Ukraine to alienate, or change the designated use of, certain types of the privately owned agricultural land plots used for the farming and commercial agricultural production, which impaired the rights of private landowners and affected the efficiency, liquidity and transparency of the market. This long-standing prohibition, commonly known as the “land moratorium”, is…
Read MoreUkraine’s transport and infrastructure system plays a key role in the country’s economy, particularly with its role in export and trade in the agricultural, industrial, and other sectors. Ukraine is conveniently located on different transport routes. However, it does not fully capitalize on its geographical benefits and does not fulfill its potential as a transit country, as it is not…
Read MoreRedcliffe Partners acted as Ukrainian legal counsel to EBRD in connection with a EUR 13.8 million loan to be provided to Kokhavynska Paper Factory (KPF). KPF is one of the largest producers of recycled base paper and tissue in the country, and is located in western Ukraine. The financing will allow KPF to introduce the pulp-based tissue manufacturing which will…
Read MoreRedcliffe Partners has advised Nebras Power Investment Management BV (“NPIM”), a wholly owned Dutch affiliate of Nebras Power Q.P.S.C. (“Nebras Power”), in relation to its expansion into the Ukrainian power market with the acquisition of a stake in a number of solar projects operating under the feed-in tariff from UDP Renewables. The share purchase agreements were signed in Doha on…
Read MoreWe are happy to announce that the Production Enhancement Contract (PEC) between UkrGasVydobuvannya (UGV) and Expert Petroleum has been shortlisted for the Deal of the Year award in Ukraine by CEE Legal Matters. Redcliffe Partners’ team, comprising Partner Dmytro Fedoruk and Associate Vlad Zakon, was pleased to assist UGV with the PEC deal, which was signed in April 2020. This is the…
Read MoreRedcliffe Partners is pleased to announce our new partner Sergiy Ignatovsky, who joins the firm’s leading Litigation and Restructuring practices. Sergiy is one of the top professionals in Ukraine focusing on restructurings, high-profile complex litigation and special situations. His professional background is diverse. Sergiy has previously worked for many years as a partner in the litigation groups of several leading Ukrainian…
Read MoreTogether with the Norwegian-Ukrainian Chamber of Commerce and Cushman & Wakefield Ukraine, Redcliffe Partners recently hosted a webinar on Real Estate in Ukraine – Rules, Regulations, and Opportunities for Norway, with a focus on commercial real estate such as offices, retail, logistics and more. In addition to recent commercial real estate trends in Ukraine, the participants discussed property title checks and other legal matters to be…
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