The new law of Ukraine amending the local merger control rules has been finally published. The amendments will enter into force on 01 January 2024. Those have been developed by the Antimonopoly Committee of Ukraine (the “AMC“) in cooperation with competition law experts from the EU and the USA. The major changes in the merger control regime proposed by the…
Read MoreOn 11 September 2023, the conference for the Register of Damage for Ukraine (the “Register“) laid the foundation for compensation for war-related damages. The conference focused on financial issues and the procedure for appointing the Register’s Board. The conference resulted in the following: 1. The Register will be fully operational by the first quarter of 2024. That will enable the affected businesses to file…
Read MoreOlexiy Soshenko, our Managing Partner, recently shared insights on our formal Partnership Track in response to CEE Legal Matters’ query. We’re excited to unveil what it takes to join the Redcliffe Partners family! At Redcliffe Partners, the formal partnership track is a gateway to becoming a partner. Olexiy delved deeper into the qualifications sought in candidates, which extend beyond technical…
Read MoreDespite the ongoing challenges generated by the Russian invasion, the markets in Ukraine have seen surprising levels of activity, according to Rob Shantz, a Corporate and Compliance Partner with Redcliffe Partners. In the midst of it all, Shantz remains optimistic about the future, envisioning a busy legal market as Ukraine aligns more closely with the EU, leading to significant opportunities…
Read MoreSince the outbreak of the war, Ukrainian banks have faced severe financial losses and risks caused by a large migration of the Ukrainian population abroad, ongoing hostilities, decreases in clients’ solvency, inflation, credit portfolio losses, and martial law limitations. The National Bank of Ukraine (the “NBU”) reported that the profit of the banks decreased by three times in 2022 compared…
Read MoreDmytro Fedoruk, a partner at Redcliffe Partners, has been recommended under Energy – Oil & Gas for 2023 by Who’s Who Legal (WWL). This prestigious acknowledgment is based on positive testimonials and endorsements from clients, bearing witness to the remarkable legal services provided by Dmytro in the oil and gas sector. “Very active in the oil and gas space” is how Dmytro…
Read MoreZoryana Sozanska-Matviychuk, a partner at Redcliffe Partners, has been recommended as a Global Leader in M&A for 2023 by Who’s Who Legal (WWL). This prestigious recognition, earned through positive feedback and recommendations from clients, is a testament to the exceptional legal services provided by Zoryana. Since 1996, WWL has identified outstanding legal practitioners in various areas of business law. With over 24,000 of the world’s finest…
Read MoreIn the past few weeks, the National Bank of Ukraine (the “NBU”) has been active in lifting the moratorium for certain cross-border loan repayments, which it introduced on 24 February 2022 due to Russia’s full-scale invasion. While the moratorium did not apply to loans provided by international financial institutions such as the EBRD, EIB, IFC, NIB and BSTDB, loans secured…
Read MoreDue to the introduction of martial law in Ukraine, on 24 February 2022 the National Bank of Ukraine imposed a general moratorium on cross-border payments outside of Ukraine. Among others, the moratorium prohibits external debt servicing payments for Ukrainian borrowers with certain exceptions for loans provided by international financial institutions (e.g., EBRD, EIB, IFC, NIB, BSTDB) (“IFIs”) and loans guaranteed by the Ukrainian government. Over time, the…
Read MoreAs the one-year of russia’s invasion of Ukraine approaches, CEE Legal Matters caught up with Redcliffe Partners’ Managing Partner, Olexiy Soshenko, to understand how he has adapted to the new circumstances. The war has profoundly impacted Ukraine, its people and its businesses, including the legal profession. Safety and emotional well-being were paramount concerns for law firms during the initial period of the war. Soshenko…
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