Starting from 4 May 2024, the NBU is lifting many of the currency control limitations introduced due to the Russian invasion. In particular: 1. Repatriation of “new” dividends is allowed Since 24 February 2022, it has been prohibited to repatriate dividends from Ukraine. From 13 May 2024, the NBU is allowing to repatriate eligible dividends in the amount of EUR…
Read MoreNotifiability tests in Ukraine A concentration requires a merger clearance before closing if either Test A or Test B below is triggered for the preceding financial year: TEST A (at least two parties have turnover or assets in Ukraine): Ukrainian turnover or assets value of each of at least two parties > EUR 4 million; and combined worldwide turnover or…
Read MoreRedcliffe Partners is thrilled to announce that our deal on advising the Development Finance Corporation (DFC), the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) on a USD 480 million financing to MHP has been recognised as the 2023 Deal of the Year in Ukraine by CEE Legal Matters! The success of this deal could…
Read MoreLast week, Dmytro Fedoruk, Founding Partner, and Yuriy Terentyev, Partner Antitrust, traveled to Washington, DC for meetings. Dmytro then traveled to Columbia, South Carolina to speak as part of the Next4Ukraine panel on important issues related to Ukraine. One critical topic in the US is how frozen Russian assets can be utilized to redress damage, injuries, and death caused by…
Read MoreRedcliffe Partners is pleased to announce its role as Ukrainian legal counsel to Arçelik A.Ş., a global leader in home appliances and consumer durables. We successfully assisted with Ukrainian law matters related to the formation of a joint venture between Arçelik’s subsidiary, Beko B.V., and Whirlpool Corporation’s subsidiary, Whirlpool EMEA Holdings LLC, leading to the establishment of a stand-alone company,…
Read MoreDuring the two years of full-scale war, Ukraine has experienced a staggering collapse in its exports abroad, reaching a record low for the past decade. Although there is an underlying trend of volume growth, in value terms, exports remain markedly low compared with previous years. The main challenges remain the same: the ongoing hostilities and their impact on production and…
Read MoreRedcliffe Partners is proud to share our latest achievements in the Legal 500 EMEA 2024 annual rankings. Once again, our firm has been recognised for its performance across nine practice areas, showcasing the dedication and expertise of our team. The following practice areas received recognition in their respective tiers: Banking, Finance and Capital Markets (Tier 1) Commercial, Corporate and M&A…
Read MoreOlexiy Soshenko, Managing Partner at Redcliffe Partners was quoted in CEE Legal Matters’ article ‘Skills of Tomorrow,’ discussing the critical skill to develop for team success. CEELM: What is the one critical skill that you’re investing time and energy in to develop within your team (fee earners), why? Olexiy Soshenko: This depends on the level of a fee earner. For…
Read MoreWe are thrilled to share our achievements in the international Chambers Europe 2024 rankings! Redcliffe Partners has been spotlighted in the Corporate / M&A and Competition / Antitrust departments in Ukraine. In addition, we are delighted to announce the individual recognitions of our partners: Dmytro Fedoruk has been spotlighted among the leading lawyers in the Corporate / M&A area; and…
Read MoreOn 4 March 2024, the official website for the Register of Damage for Ukraine (the “Register“) was launched. The website features: information on the procedure for filing claims for damages; answers to frequently asked questions; news and events related to the Register’s activities; relevant documents. What does the Register do? The Register is tasked with receiving the claims and related evidence, as…
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