Redcliffe Partners acted as Ukrainian legal counsel to European Bank for Reconstruction and Development in connection with risk sharing instruments provided to ProCredit Bank, OTP Bank and OTP Leasing. Under the instruments, which are relatively new for Ukrainian market, EBRD will cover more than half of the credit risk of newly originated financing provided by the partner financing institutions. The share of risk the…
Read MoreThis year marks the start of a new era for all Ukrainian taxpayers – both corporate and individuals. Ukraine lawmakers up to – and especially in – 2021 made unprecedented efforts to implement into local law and the network of double tax treaties major recommendations and principles which went far beyond the minimum base erosion and profit shifting (BEPS) action…
Read MoreAn in-depth look at Olexiy Soshenko of Redcliffe Partners covering his career path, education, and top projects as a lawyer as well as a few insights about him as a manager at work and as a person outside the office. Career: Redcliffe Partners, Managing Partner, 2015-Present Clifford Chance, Counsel and Head of Banking & Finance in Ukraine, 2008-2015 CMS Cameron McKenna,…
Read MoreOn 24 February 2022, the National Bank of Ukraine, in response to the introduction of the martial law in Ukraine initially imposed for 30 days but subsequently extended currently until 25 May 2022, issued Regulation No. 18 on banking system operations during martial law to prevent unproductive capital outflows from the country and to ensure the reliable and stable functioning…
Read MoreThe Law of Ukraine “On the Organisation of Labour Relations during Martial Law” No. 2136-IX dated 15 March 2022, effective from 24 March 2022 (the “Law”) is aimed at regulating and optimising labour relations during the effective period of martial law in Ukraine. Key notable changes of the Law include: Suspension of employment agreements. Pursuant to the Law, an existing…
Read MoreApril 2022 – Redcliffe Partners is delighted to announce that Zoryana Sozanska-Matviychuk, a partner in the M&A practice, has been recognised among the most prominent women lawyers worldwide in the prestigious IFLR1000 “Women Leaders” 2022 rankings. Zoryana was selected for her outstanding reputation within the markets, impressive track record working on complex deals, the quality of her advice and service,…
Read MoreFor the third year in a row, Redcliffe Partners demonstrated stability and ranked tier 1 among the following practices: Banking, Finance and Capital Markets Commercial, Corporate and M&A Energy Tier 2 traditionally includes: Competition Dispute Resolution Tax Real Estate and Construction Also, tier 3 and tier 4 rankings included Employment and White-collar crime, respectively. The following individuals were recognized with individual rankings: Olexiy Soshenko, Managing Partner: Banking, Finance and Capital Markets Andriy Nikiforov, Partner: Banking, Finance and Capital Markets Dmytro…
Read MoreOn 30 March 2022, the Antimonopoly Committee of Ukraine (the “AMC“) adopted the guidelines on the merger control procedure during the time of the martial law in Ukraine (the “Guidelines“). Pursuant to the Guidelines, the obligation to obtain prior clearance for notifiable transactions remains in force during the time of the martial law. The AMC will accept the filings but will…
Read MoreWe are all witnesses to the unprecedented aggression against Ukraine waged by the russian federation with full support and cognizance of the republic of belarus. This aggression has already brought about numerous deaths, unspeakable suffering of the civilian population, damage to Ukrainian cultural heritage and destruction of the infrastructure. It cannot be justified. As a Ukrainian law firm with a…
Read MoreOn 15 February 2022, a long-awaited draft law No. 5436-d “On the Amendment of Certain Laws of Ukraine Regarding the Development of Energy Storage Facilities” (“Draft Law“) was adopted in its entirety by the Ukrainian Parliament at its second reading. The Draft Law develops the legal framework for the deployment of energy storage facilities (“ESF“), which has been very limited…
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