Redcliffe Partners acted as Ukrainian legal counsel to the EBRD on an additional EUR 2 million financing to be provided to Aquanova Development LLC for the construction, equipment and placing into operation of a 3.5MWp solar PV plant in the Zakarpattya Region of Ukraine. Our Banking & Finance practice provided a broad scope of transactional legal advice, including structural, security and…
Read MoreOn 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“ (the “Law”) became effective, which contemplates the introduction of renewable energy auctions in Ukraine. The Law provides the general framework and certain core elements of the auction system as set out below. (a)…
Read MoreThe leading online news website for the international photovoltaic community which covers topical trends and worldwide sector developments, features an article titled “Transformation of support system for renewables following introduction of renewable energy auctions in Ukraine” by Svitlana Teush, head of the renewable energy, real estate and construction practices at Redcliffe Partners, as a contribution to its “Opinion & Analysis” section. To…
Read MoreThe article entitled “Legal Aspects of Using FIDIC Contracts in International Construction Projects in Ukraine” by Svitlana Teush, Head of Real Estate and Construction at Redcliffe Partners, and Lukas Klee, Consultant at Klee Consulting (Czech Republic), was published in the world’s leading journal on international construction law, “International Construction Law Review”, Issue No.1, 2018. The article provides an overview of current practice,…
Read MoreOn 3 March 2017, the new requirements were enacted in Ukraine related to the quality control of new construction, reconstruction and repair works of the motor roads of general use, approved by Resolution No.1065 of the Cabinet of Ministers of Ukraine on 28 December 2016 (the “Resolution“). The Resolution factors in a consulting engineer into the system of quality control and…
Read MoreOn 20 December 2016, the Ukrainian Parliament approved a new law providing that local budgets will receive a portion of revenues from subsoil use royalties. Currently, 100 percent of such revenues go directly to the state budget. However, under the new law, the state budget will receive only 95 percent of the revenues. The remaining 5 percent will be distributed…
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