On 27 July 2022, Ukrainian Parliament passed a new Law “On Joint Stock Companies” introducing, inter alia, certain changes facilitating pledges of participatory interests in limited liability companies.By way of background, Ukrainian law generally does not allow the issuance of an irrevocable power of attorney except in very limited instances, such as securing participants’ obligations under shareholders’ agreements, whereas it…
Read More“For the first several months, almost all of our existing projects were put on hold and there were no new requests from clients,” Fedoruk explains. “However, it was a time of complete chaos so we were not very concerned with the absence of work. On the first day of the war, we advanced 3-months’ salary to all our employees and…
Read MoreOn 21 September 2022, Ukraine’s parliament adopted amendments to the national legislation to ratify the Convention on Choice of Court Agreements (the “New Law”). This much-awaited law entitles parties to an agreement with a non-Ukrainian party to agree on the location of the court(s) that will have jurisdiction to resolve disputes concerning the agreement (i.e., the forum selection clause). The…
Read MoreAmong the leading lawyers of Ukraine are mentioned: Olexiy Soshenko as a Global Leader in Banking & Finance and Project Finance; Dmytro Fedoruk as a Global Leader in the Energy sector – Oil & Gas and Foreign Investment Review; Svitlana Teush as a Global Leader in the Energy sector – Power/Electricity and Renewables; and Zoryana Sozanska as a Global Leader…
Read MoreRedcliffe Partners has confirmed its top-tier positions in key practice areas in Ukraine ranked by the 2022 edition of the IFLR1000 — the guide to the world’s leading financial and corporate law firms. Redcliffe Partners has been ranked in: Tier 1 – Banking and finance;Tier 2 – Project development, Restructuring and insolvency, Capital markets: Equity; andTier 3 – Capital markets: Debt, M&A….
Read MoreWe are proud to say that Redcliffe Partners is ranked as a Tier 1 law firm in Banking and Finance along with our highly regarded team, according to IFLR 2022-23 edition: • Olexiy Soshenko is Highly regarded in Banking, Capital Markets: Debt, Project finance, Restructuring and Insolvency;• Dmytro Fedoruk is Highly regarded in M&A;• Zoryana Sozanska-Matviychuk is Highly regarded in M&A;• Andriy Nikiforov is Highly regarded in Banking and Capital Markets;• Rob Shantz is a Notable…
Read MoreRedcliffe Partners acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development in providing an up to EUR 24 million short term unsecured loan to Private Joint Stock Company “MHP”, the leading Ukrainian poultry and grain producer, to finance working capital needs for crop farming operations of the borrower in Ukraine. The project is part of the…
Read MoreAccording to the recent press release issued by the Antimonopoly Committee of Ukraine (the “AMC”), the review of merger and antitrust filings was renewed on 9 June 2022. Recall that due to the commencement of russia’s full-scale military invasion into Ukraine on 24 February 2022, the review of all filings was suspended. The AMC put on hold the filings submitted…
Read MoreMarch 2022 was a breakthrough month for the virtual assets market in Ukraine. With the help of Ukraine‑based Everstake and Kuna, the Ministry of Digital Transformation of Ukraine set up a fund to accept donations in crypto assets to primarily support Ukraine’s military needs. According to the Ministry, Ukraine’s government has raised over USD60 million in crypto donations to date….
Read MoreThe National Bank of Ukraine has further liberalised the martial law-driven currency control restrictions envisaging, inter alia, the possibility for Ukrainian residents: to make settlements under import contracts from the loan proceeds received by Ukrainian borrowers from international financial institutions; to return advance payments received under contracts after 23 February 2022 as a result of failures by Ukrainian exporters to supply goods, works or…
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