Redcliffe Partners has advised Saudi Basic Industries Corporation (SABIC) on obtaining merger clearance from the Ukrainian competition authority for the sale of 70% of the shares to Saudi Arabian Oil Company (Saudi Aramco), for a total purchase price of USD 69.1 billion. The seller of the shares was the Public Investment Fund of Saudi Arabia (PIF), the sovereign wealth fund…
Read MoreOn 21 July 2020, the long-awaited draft law No. 3658 “On the Amendments to Certain Laws of Ukraine on the Improvement of Support for the Production of Electricity from Alternative Energy Sources” (the “Draft Law”) was adopted by the Parliament of Ukraine in the second reading. To a large extent, the Draft Law reflects the arrangements set forth in the…
Read MoreRedcliffe 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…
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