Redcliffe Partners advised CVC on obtaining merger clearance from the Ukrainian competition authority for its acquisition of Recordati S.p.A. (Recordati). The deal is valued at approximately EUR 3 billion. Through its expertise and global healthcare network CVC will expand Recordati’s rare disease business and accelerate its growth strategy as a leading global company in the pharmaceutical industry. Redcliffe’s team working…
Read MoreRedcliffe Partners has been featured and recognised in this year’s edition of Ukrainian Law Firms 2018: A Handbook for Foreign Clients (ULF 2018) in a wide range of practices and industry sectors, namely Banking & Finance, Debt Restructuring, Corporate and M&A, Energy & Natural Resources, Antitrust and Competition, as well as Infrastructure. First published in 2003, the directory provides an…
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 17 December 2017, the amendments to the Law of Ukraine “On Protection of Economic Competition” and to the Law of Ukraine “On Sanctions” regarding the effect of economic sanctions on merger control entered into force. Pursuant to the amendments, if a transaction that constitutes a notifiable concentration is subject to economic sanctions, such concentration is prohibited and will not be cleared by the…
Read MoreOn 5 December 2017, the Vertical Block Exemption Regulation (the “Regulation“) of the Antimonopoly Committee of Ukraine (the “AMC“) entered into force. The Regulation is adopted in accordance with Ukraine’s obligations under the Ukraine-European Union Association Agreement and is based on the Regulation of the European Commission No. 330/2010. The Regulation provides (i) a block exemption (a so-called “safe harbour”)…
Read MoreRedcliffe Partners advised Stahl Lux 2 S.A. on obtaining merger clearance from the Antimonopoly Committee of Ukraine for the acquisition of the leather chemicals business of BASF SE. As part of the transaction, BASF will receive a 16% minority stake in the Stahl Group, and Stahl will take over BASF’s global leather chemicals business – with approximately 210 employees globally…
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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