Financial Institutions
Our team represents regulated financial sector companies, including domestic and foreign banks, insurance and investment companies, mutual funds and asset managers. We maintain strong working relationship with the regulatory authorities, including the National Bank of Ukraine, the National Commission for Regulation of Securities and Stock Market, and the National Commission for Regulation of Financial Services Markets through our active involvement in the legislative drafting process.
How we are different
Top-tier banking and finance practice. We are ranked as a Tier 1 law firm in banking and finance according to the 2024 edition of Legal 500. The practice leader, Olexiy Soshenko, is praised for his “hands-on approach. He can resolve complex issues in a constructive and non-controversial manner.” Chambers Global 2021.
Practical approach. We consistently monitor regulative developments and communicate with authorities about their practical application. Thanks to this, we can offer our clients valuable and up-to-date, insights into regulatory developments, to prepare clients for implementation as early as possible.
Multijurisdictional support. We have an extensive experience of working with leading law firms in other jurisdictions, which helped us to establish strong working relationship with them. This makes us best placed to help the client with forming a team of lawyers which will provide the best support for complex multijurisdictional deals.
Dedicated team with high level of coordination. Working in small and dedicated teams, our lawyers handle regulatory issues with a high level of coordination. Our lawyers complement their expertise with the firm’s knowledge of other practice areas, such as tax and dispute resolution.
RECOGNITIONS
SERVICES
CLIENT SUCCESSES
Ranked tier 1 in Banking & Finance
Legal 500 2023
Ranked tier 1 in Banking & Finance
“Comprehensive and accurate analysis. Fast response. Attractive fees.”
IFLR 1000 2023
Ranked in Banking & Finance
Legal Newspaper 2023
Ranked tier 1 in Banking & Finance
IFLR 1000 2022
Ranked tier 1 in Banking & Finance
Legal 500 2021
Ranked tier 1 in Banking & Finance
“Redcliffe Partners is ‘used to working on international transactions and is very responsive and business-oriented, providing a very high quality of legal advice’.”
Legal 500 2020
Ranked in Banking & Finance, Restructuring & Insolvency
“Demonstrates know-how in various types of loans, project finance and trade finance across a broad range of industries.”
A source describes the team as “very experienced and cohesive,” adding: “They proactively manage the deal, anticipating difficult issues and resolving them in a timely manner.”
Chambers Global 2021; Chambers Europe 2021
Ranked in Banking & Finance, Capital Markets
IFLR 1000 2020
Ranked among Top-5 in Banking & Finance
The Ukrainian Law Firms 2019
- Managing the M&A transactions relating to acquisition and sale of banks, insurance businesses and other financial institutions
- Assistance with registration and licensing
- Advice on currency control limitations
- Advice on corporate governance issues
- Legal support of debt restructuring
- Representation in insolvency proceedings
- Anti-money laundering and sanctions compliance
- Regulatory advice and development of internal guidelines and procedures
- Consumer-related issues, including contractual documentation
- Competition compliance and investigations
- Dispute resolution on banking and finance issues
- Tax advice
Our experience include:
- Advising EBRD, DFC and IFC in connection with an up to USD 480 million financing package to MHP
- Advising EBRD with respect to acquisition of 30% stake in Raiffeisen Bank Ukraine, including various regulatory advice in the course of the transaction
- Helping a foreign consumer lending institution to establish legal presence in Ukraine, register an online lending company, and obtaining the license for online lending
- Advising several multinational insurance corporations and investment firms on their acquisitions of more than five leading insurance businesses in Ukraine, pre- and post-acquisition restructurings, joint ventures and squeeze-outs of minority shareholders. The counterparties under these transactions included renowned insurance companies such as Gras Savoye, and investment firms including Dragon Capital, Goldman Sachs and Horizon Capital
- Advising Money Gram on the Ukrainian regulatory issues; analysing the consistency of the company’s financial products with the Ukrainian regulatory environment
- Advising Dollar Express, Inc. and United Europhil on obtaining licenses from the National Bank of Ukraine to launch operations in Ukraine
- Advising Citibank Ukraine in connection with negotiating contractual terms with Visa
- Advising Barclays with respect to Ukrainian tax considerations related to stock trading operations
- Advising Bank Pekao on tax and competition considerations related to promotional activities in Ukraine
- Advising PZU on obtaining merger clearance for the acquisition of control over large European bank from Italy’s UniCredit
- Advising an American multinational financial services corporation on Ukrainian competition law requirements relating to payment systems
- Assisting Nordic Investment Bank in large-scale insolvencies of major Ukrainian steel mills with the value of claims in excess of USD 50 million
- Advising EBRD on enforcement of a non-performing loan and security in a number of jurisdictions for the combined value of claims exceeding USD 85 million. This included the successful foreclosure of the second largest private railcars fleet in Ukraine
- Working with the American Chamber of Commerce in Ukraine and the European Business Association in Ukraine to reform currency control legislation in Ukraine, including counselling on developing the concept of currency control legislation reform, analysing the key regulatory barriers, and presenting the concept at numerous discussions involving the National Bank of Ukraine, as well as other Ukrainian financial market regulators
