On 13 March 2020, the Antimonopoly Committee of Ukraine (the “AMC”) announced that it would investigate any unjustified price hikes for medicines, face masks and other personal health protection items, the creation of artificial product shortages, and other abuses generating profits from coronavirus fears. On 15 March 2020, Olexiy Khmelnytsky, Head of the Kyiv Regional Office of the AMC, announced…
Read MoreDue to the outbreak of COVID-19, the Ukrainian Parliament adopted Law No 3220 dated 16 March 2020 “On amendments to the Tax Code and other legislation to support taxpayers during the measures preventing spread of COVID-19” (“the Law”). The Law has yet to be signed by the President and will become effective from the day following its official publication. Some of the supportive measures…
Read MoreOn 26 February 2020, the Government of Ukraine approved procedures to allow private companies to operate in the Ukrainian space technology market. Specifically, Ukraine not only allowed private companies to carry out such activities, but also significantly simplified permitting procedures. Any company that wishes to conduct any space technology activities in Ukraine must submit a declaration (the “Declaration”) to the…
Read MoreDid you know that 19% (37 of 193) of the Member States of the United Nations still do not recognise in law the fundamental human right to a healthy environment. On 2 March 2020, Dr David Boyd, the UN Special Rapporteur for Human Rights and the Environment presented the report “Good practices of States at the national and regional levels…
Read MoreRedcliffe Partners acted as legal counsel to the EBRD in relation to a risk participation agreement with Piraeus Bank Ukraine with a total value of EUR10 million. The EBRD will share the credit risk in eligible individual loans made by Piraeus Bank to domestic businesses. In order to become eligible, borrowers will need to comply with the highest business standards…
Read MoreRedcliffe Partners has advised GE Capital, the financial services division of General Electric Company (GE), on obtaining merger clearance from the Ukrainian competition authority in connection with the sale of the PK AirFinance aviation lending business to Apollo Global Management (Apollo) and Athene Holding Ltd. (Athene). As part of this transaction, Apollo has acquired the PK AirFinance aircraft lending platform and…
Read MoreOn 16 January 2020, the Ukrainian Parliament adopted law No 1210 “On amendments to the Tax Code related to the improvement of tax administration and elimination of technical and logical inconsistencies in the tax legislation” (the “Law”). It is likely that the President will sign the law in early to mid-February. The most significant changes in the Law include: I….
Read MoreThe Law of Ukraine “On Amendments to Certain Legislative Acts of Ukraine on Improving the Legal Protection of Geographical Indications” 123-IX dated 20.09.2019 (hereinafter the “Law”) introducing amendments to the procedure of registration, use and protection of geographic indications in Ukraine entered into force on 1 January 2020. Principal changes introduced by the Law: From now on, geographic indications will only be…
Read MoreRedcliffe Partners is pleased to announce the promotion to partner of Anastasia Usova, who leads the firm’s Antitrust practice. “This is a well-deserved promotion and a testament to our core values at Redcliffe – we appreciate seamless expertise, continuous professional development and contribution to success of our firm”, Managing Partner Olexiy Soshenko said. “Anastasia has a stand-alone profile among Ukrainian antitrust lawyers….
Read MoreAnastasia Usova, Head of the Antitrust practice of Redcliffe Partners, and Tetyana Smurova, Associate, prepared an expert commentary on the record fine totalling EUR 245.3 million imposed by the AMC on the Ukrainian subsidiaries of four leading international tobacco producers and their sole distributor in Ukraine, LLC “TEDIS Ukraine”, for anti-competitive concerted practices. The commentary was published in e-Competitions –…
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