Avellum
Europe Guide 2024
About
Number of partners: 7
Number of associates: 51
Firm Overview:
AVELLUM is a leading Ukrainian full-service law firm with a key focus on finance, corporate, dispute resolution, tax, real estate and antitrust. Its aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions. The firm builds lasting relationships with its clients and makes them feel secure in new uncertain economic and legal realities. The firm’s partners take an active role in every transaction and ensure smooth teamwork. AVELLUM seamlessly cooperates with leading international law firms in course of multijurisdictional transactions.
In 2021 AVELLUM has won Ukraine Firm of the Year at the IFLR Europe Awards-2021. This year, the Awards specifically highlighted the standout contribution of AVELLUM to the reform of corporate laws in Ukraine and the harmonisation of the Ukrainian corporate regulations with the European ones.
Main Areas of Practice:
Capital Markets:
- Advised (і) the State Road Agency of Ukraine on a debut USD700 million issue of 6.25% guaranteed notes due 2028 with a benefit of the sovereign guarantee, and (ii) the Ministry of Finance of Ukraine in connection with the sovereign guarantee
- Advised the Ministry of Finance of Ukraine in connection with a USD1.25 billion notes issue with an 8-year maturity priced at 6.875% annual yield. This was the first issue of Ukraine’s Eurobonds admitted to listing on the London Stock Exchange
- Advised Interpipe Holdings Plc on USD300 million issue of 8.375% guaranteed notes due 2026
Contact: Glib Bondar
Email: [email protected]
Banking & Finance:
- Advised the Ministry of Finance of Ukraine in connection with two loan agreements for a total amount of EUR116 million together constituting official financial support from France to Ukraine aimed at strengthening maritime safety and security of Ukraine.
- Advised the European Bank for Reconstruction and Development in connection with up to a EUR50 mln loan to Communal Enterprise “Kyivskiy Metropolitan” guaranteed by the Kyiv City Council.
- Advised on USD464 million bridge loan financing for Bakcell’s acquisition of Private Joint Stock Company “VF Ukraine”
Contact: Glib Bondar
Email: [email protected]
Corporate/M&A:
- Advised JSC “Kaspi.kz” in connection with the acquisition of 100% shares in Portmone Group by Kaspi Pay, a wholly-owned subsidiary of Kaspi.kz.
- Advised Lactalis, a French multinational dairy products corporation, on Ukrainian law matters in connection with an acquisition of PJSC “Bel Shostka Ukraine”.
- Advised the major shareholders of AXDRAFT, a Ukrainian document automation company, on its sale to Onit.
- Advised in connection with a disposal of Furshet, one of the leading retail chains in Ukraine, to Silpo, part of the largest retail trade groups in Ukraine.
Contacts: Mykola Stetsenko, Yuriy Nechayev
Emails: [email protected], [email protected]
Competition/Antitrust:
- LLC “LVN Limited”, a part of Nemiroff Group on obtaining merger control clearance of the Antimonopoly Committee of Ukraine for the privatisation of a part of assets of Ukrainian State-Owned Enterprise of Alcohol and Liquor Industry “Ukrspyrt”.
- Advised UDP in connection with the investigation of the Antimonopoly Committee of Ukraine into the provision of inaccurate/false information by the company in response to the regulator’s request.
- Advised Seding Investments Ltd and Rengy Development Limited on merger filing in connection with corporate restructuring.
- Advised British American Tobacco in a complex and high profile litigation in connection with challenging EUR 245 million fine imposed by the Antimonopoly Committee of Ukraine
Contact: Mykyta Nota
Email: [email protected]
Dispute Resolution:
- Acted as a counsel to Nadezhda group, one of thelargest operators of liquefied gas suppliesinUkraine, in a dispute with the Antimonopoly Committee of Ukraine
- Acted for the Fifth President of Ukraine, Mr Petro Poroshenko, in the hard-fought litigation before the High Court of England and Wales
- Represented the world’s leading manufacturer of construction and mining equipment in a set of debt recovery litigations and advised on the administrative dispute procedure.
- Acts for Uber Ukraine in litigation launched by a victim of a road accident seeking to recover damages both from driver and from Uber
Contact: Vadim Medvedev
Email: [email protected]
Energy & Natural Resources, Infrastructure:
- Advised DTEK Group in connection with the debt restructuring under the two inter-conditional English schemes of arrangement for DTEK Energy B.V. and DTEK Finance PLC.
- Advised EBRD on the regulatory framework of the curtailments of the electricity produced from renewable energy sources.
- Advised one of the sellers on energy matters related to the sale of a stake in renewable energy projects to Elementum Energy, the largest international renewable energy producer in Ukraine
Contact: Glib Bondar
Email: [email protected]
International Trade:
- Represents the world’s leading investment funds as owners of the majority of notes issued by Mriya Agro Holding Plc in the insolvency proceedings of Mriya group companies.
- Advised Jacobs Douwe Egberts Ukraine on the broad range of tax and customs matters related to their Ukrainian operations.
- Represents LLC Urozhaina Kraina before the Supreme Court in a tax dispute concerning cancellation of tax assessment notices
Contact: Vadim Medvedev
Email: [email protected]
Real Estate:
- Advised A-Development – one of the leading Ukrainian developers – on the construction of a real estate complex in the centre of Kyiv in the form of a joint investment with a business partner.
- Advised the client on the due diligence of nine Ukrainian companies owned by one holding company.
- Conducted a full scope due diligence of Zavallivskyi Graphite Group, a group of companies engaged in the extraction of graphite before their acquisition by a major Australian graphite and gold exploration and development company, Volt Resources Limited.
Contact: Maksym Maksymenko
Email: [email protected]
Tax:
- Advised Metinvest B.V. on tax matters of issuance of USD333 million, 7-year 7.65% notes due in 2027 and cash tender offers on its USD118 million 7.50% senior notes due 2021
- Advised Uber on various tax aspects of operating in Ukraine, including the launch of Uber Eats and Uber Shuttle in Ukraine
- Advised (і) the State Road Agency of Ukraine (“Ukravtodor”) on tax matters of a debut USD700 million issue of 6.25% guaranteed notes due 2028 with a benefit of the sovereign guarantee, and (ii) the Ministry of Finance of Ukraine in connection with the sovereign guarantee
Contact: Vadim Medvedev
Email: [email protected]
International Arbitration:
- Defeated a USD20 million claim in an “exceptionally hard-fought” LCIA arbitration. In a detailed Award issued in June 2021, the LCIA Tribunal dismissed claims against the client of AVELLUM, finding fraud and dishonesty on the claimant’s side.
- Represented a major CEE-based mining machinery producer in four disputes with a Hong Kong company before the ICAC at the Ukrainian Chamber of Commerce and Industry
Contacts: Kostiantyn Likarchuk, Vadym Medvedev
Emails: [email protected], vmedvedev@avellum. com
PRACTICE AREAS
Banking & Finance
Capital Markets
Competition/Antitrust
Compliance & Internal Investigations
Corporate/M&A
Data protection & Cybersecurity
Dispute Resolution
Employment
Energy & Natural Resources
Government Relations
Intellectual Property
International Arbitration
International Trade
Private Client
Real Estate & Infrastructure
Restructuring/Insolvency
Tax
White-collar Crime
Ranked Offices
Provided by Avellum
- KyivSenator Business Center, 12th Floor, 32/2 Moskovska St., Kyiv, Kyiv City Municipality, Ukraine, 01010
- Web: www.avellum.com
- Tel: +380 44 591 3355
- Fax: +380 44 591 3355
- View ranked office
Contributions
Latest contributions provided by Avellum
Avellum rankings
Articles, highlights and press releases
128 items provided by Avellum
AVELLUM promotes Mykyta Nota to competition partner
AVELLUM is pleased to announce the promotion of Mykyta Nota to partner effective from 1 January 2022.
AVELLUM advises on successful privatisation of Bilshovyk Plant
We are proud to have advised on another landmark state privatisation in Ukraine that opens the opportunity for large investments into the country’s economy. We also welcome the positive decision of the regulator based on the results of the application review.
AVELLUM's Competition practice was Highly recommended in GCR 100 ranking
AVELLUM was ranked as a Highly recommended firm in the 2022 edition of Global Competition Review 100 (GCR 100), a comprehensive listing of the world’s best competition practices. The ranking honoured AVELLUM for its exceptional work on both merger control and dispute resolution matters.
Buyers become more demanding with respect to potential targets, AVELLUM’s survey reveals
AVELLUM for the second time researched how the coronavirus outbreak affected the plans of businesses to purchase or sell assets or companies in Ukraine in the next 6 to 12 months. We surveyed over 90 owners, top managers, and heads of legal departments of Ukrainian and international companies.
AVELLUM shortlisted as Law Firm of the Year in Ukraine for The Lawyer European Awards
We are proud to be one of only 7 law firms nominated for the national award of 2021.
AVELLUM advises MHP on investment into Foodz
AVELLUM provided legal support to MHP in structuring the deal and drafting the transaction documents. MHP is the leading poultry producer in Europe and one of the biggest grain producers in Ukraine. Foodz is a dark kitchen start-up that has already raised investments of over USD2 mln.
AVELLUM advises Kaspi.kz on acquisition of Portmone
AVELLUM provided support to Kaspi.kz in performing legal due diligence of Portmone, negotiating and drafting the transaction documents, and coordinating completion of the transaction.
AVELLUM advises world’s leading online gaming and betting company in connection with criminal invest
AVELLUM conducted a risk-based analysis of the client’s business model in terms of compliance with the newly-introduced regulatory framework and criminal liability risks in Ukraine.
AVELLUM defeats USD20 million claim in an “exceptionally hard-fought” LCIA arbitration
AVELLUM defeated a USD20 million claim in an “exceptionally hard-fought” LCIA arbitration. In a detailed Award issued in June 2021, the LCIA Tribunal dismissed claims against the client of AVELLUM, finding fraud and dishonesty on the claimant’s side.
Doing business in Ukraine: 30 years of independence
The Ukrainian legal community works hard to implement further improvements in Ukrainian law and fully harmonize it with the EU legislation. However, the progress is remarkable and deserves praise and attention both from foreign and local investors.
AVELLUM IS HIGHLY RANKED IN 19 PRACTICES BY UKRAINIAN LAW FIRMS 2021
The traditionally strong position of AVELLUM in the Ukrainian legal market was reconfirmed by the 2021 edition of the Ukrainian Law Firms. A Handbook for Foreign Clients by Yuridicheskaya Praktika.
AVELLUM advised Volt Resources Limited on acquisition of 70% stake in Zavallivskyi Graphite Group
AVELLUM provided full legal support to Volt in negotiations and drafting of the transaction documents and coordinated completion of the entire transaction. We also performed legal due diligence of the ZG Group.
AVELLUM advises on Ukraine’s USD500 million tap issue
It took less than a week for all the parties involved to progress the deal from kick-off to launch. “Overall, it was a quick and efficient transaction that allowed the Ministry to benefit from the favourable market conditions”, – commented Glib Bondar, senior partner of AVELLUM.
AVELLUM advised Volt Resources Limited on acquisition of 70% stake in Zavallivskyi Graphite Group
AVELLUM acted as the legal counsel to Volt Resources Limited (“Volt”) on the acquisition of 70% stake in the Zavallivskyi Graphite Group (“ZG Group”). Volt is a graphite and gold exploration and development company listed on the Australian Stock Exchange.
Ukraine introduces tax amnesty
The individuals will be released from liability for tax and currency control infringements for the assets reported in special returns. The also may benefit from reduced liability for infringements of Ukrainian merger control rules.
New approach for disclosing ultimate beneficial owners and ownership structure for Ukrainian compani
For companies with sophisticated corporate structures such disclosure obligations create a burden to collect many documents from various jurisdictions. Thus, it is worth launching the collection of the required documents already.
Ukraine Imposes VAT on Digital Services Supplied by Non-Residents
The Law introduces VAT on digital services supplied by non-residents to Ukrainian individual customers and abolishes 20% withholding tax on advertising services.
AVELLUM advises on Ukravtodor’s debut USD700 million Eurobond issue guaranteed by Ukraine
This is a truly landmark transaction due to the speed of execution, pricing, and certain innovative structuring features. It will have a powerful social and economic impact on improving Ukrainian road infrastructure in the near future.
14 lawyers of AVELLUM recognised in Best Lawyers – 2022
The recent edition of Best Lawyers International – 2022 recognises 14 lawyers of AVELLUM, including all 6 partners of the firm.
3rd anniversary of Law on LLCs
Ukrainian corporate legislation continues to improve. The managing partner of AVELLUM, Mykola Stetsenko, has been actively involved in drafting the new law on the Joint Stock Companies and further improvements to the LLC Law.
AVELLUM advises Interpipe on USD300 million Eurobond issue
Interpipe is a global producer of steel pipes and railway wheels products, based in Ukraine. The company’s products are shipped to over 80 countries worldwide via a network of sales offices located in the key markets of Ukraine, Europe, North America, and the Middle East.
AVELLUM advises DTEK on USD2 billion debt restructuring
This is one of the largest corporate debt restructurings on the Ukrainian market to date with the approximately USD2 billion total volume of the new notes.
AVELLUM advises on sale of 3 wind power plants of 49.5 MW total capacity
AVELLUM acted as the legal counsel to one of the sellers on the sale of a stake in renewable energy projects to Elementum Energy, the largest international renewable energy producer in Ukraine. AVELLUM provided full legal support to the client in negotiating and drafting the transaction documents.
AVELLUM wins Ukraine Firm of the Year at the IFLR Europe Awards
his year, the Awards specifically highlighted the standout contribution of AVELLUM to the reform of corporate laws in Ukraine and the harmonisation of the Ukrainian corporate regulations with the European ones.
AVELLUM advises on Ukraine’s first notes issue listed on London Stock Exchange
AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a USD1.25 billion notes issue with an 8-year maturity priced at 6.875% annual yield.
AVELLUM advises Diligent Capital Partners on acquisition of minority stake in Edinstvo Group
As a result of the transaction, Edinstvo Group obtained the USD20 million financing that it plans to use to construct a soybean processing plant, expand feed additives production capacity and install additional feed packaging lines.
AVELLUM advises Ministry of Finance of Ukraine on EUR116 million financing to purchase patrol boats
The official financial support is provided under the intergovernmental agreement between the Government of France and the Government of Ukraine.
AVELLUM advised A-Development on construction of multifunctional real estate complex in Kyiv centre
The complex will consist of a huge retail space, business centre, apartments, and multi-level underground parking with a total area of over 55,000 sq. m.
Ukraine makes headway with land reform
We believe that the Law will boost the Municipalities and enable agricultural land users to raise additional funding for their business.
AVELLUM advises on sale of containerboard plant
The transaction involved the sale of a modern plant, located in Iziaslav, Khmelnytskyi region, that manufactures about 200 tons of containerboard per day from secondary raw materials (wastepaper).
AVELLUM promotes Mykyta Nota to competition partner
AVELLUM is pleased to announce the promotion of Mykyta Nota to partner effective from 1 January 2022.
AVELLUM advises on successful privatisation of Bilshovyk Plant
We are proud to have advised on another landmark state privatisation in Ukraine that opens the opportunity for large investments into the country’s economy. We also welcome the positive decision of the regulator based on the results of the application review.
AVELLUM's Competition practice was Highly recommended in GCR 100 ranking
AVELLUM was ranked as a Highly recommended firm in the 2022 edition of Global Competition Review 100 (GCR 100), a comprehensive listing of the world’s best competition practices. The ranking honoured AVELLUM for its exceptional work on both merger control and dispute resolution matters.
Buyers become more demanding with respect to potential targets, AVELLUM’s survey reveals
AVELLUM for the second time researched how the coronavirus outbreak affected the plans of businesses to purchase or sell assets or companies in Ukraine in the next 6 to 12 months. We surveyed over 90 owners, top managers, and heads of legal departments of Ukrainian and international companies.
AVELLUM shortlisted as Law Firm of the Year in Ukraine for The Lawyer European Awards
We are proud to be one of only 7 law firms nominated for the national award of 2021.
AVELLUM advises MHP on investment into Foodz
AVELLUM provided legal support to MHP in structuring the deal and drafting the transaction documents. MHP is the leading poultry producer in Europe and one of the biggest grain producers in Ukraine. Foodz is a dark kitchen start-up that has already raised investments of over USD2 mln.
AVELLUM advises Kaspi.kz on acquisition of Portmone
AVELLUM provided support to Kaspi.kz in performing legal due diligence of Portmone, negotiating and drafting the transaction documents, and coordinating completion of the transaction.
AVELLUM advises world’s leading online gaming and betting company in connection with criminal invest
AVELLUM conducted a risk-based analysis of the client’s business model in terms of compliance with the newly-introduced regulatory framework and criminal liability risks in Ukraine.
AVELLUM defeats USD20 million claim in an “exceptionally hard-fought” LCIA arbitration
AVELLUM defeated a USD20 million claim in an “exceptionally hard-fought” LCIA arbitration. In a detailed Award issued in June 2021, the LCIA Tribunal dismissed claims against the client of AVELLUM, finding fraud and dishonesty on the claimant’s side.
Doing business in Ukraine: 30 years of independence
The Ukrainian legal community works hard to implement further improvements in Ukrainian law and fully harmonize it with the EU legislation. However, the progress is remarkable and deserves praise and attention both from foreign and local investors.
AVELLUM IS HIGHLY RANKED IN 19 PRACTICES BY UKRAINIAN LAW FIRMS 2021
The traditionally strong position of AVELLUM in the Ukrainian legal market was reconfirmed by the 2021 edition of the Ukrainian Law Firms. A Handbook for Foreign Clients by Yuridicheskaya Praktika.
AVELLUM advised Volt Resources Limited on acquisition of 70% stake in Zavallivskyi Graphite Group
AVELLUM provided full legal support to Volt in negotiations and drafting of the transaction documents and coordinated completion of the entire transaction. We also performed legal due diligence of the ZG Group.
AVELLUM advises on Ukraine’s USD500 million tap issue
It took less than a week for all the parties involved to progress the deal from kick-off to launch. “Overall, it was a quick and efficient transaction that allowed the Ministry to benefit from the favourable market conditions”, – commented Glib Bondar, senior partner of AVELLUM.
AVELLUM advised Volt Resources Limited on acquisition of 70% stake in Zavallivskyi Graphite Group
AVELLUM acted as the legal counsel to Volt Resources Limited (“Volt”) on the acquisition of 70% stake in the Zavallivskyi Graphite Group (“ZG Group”). Volt is a graphite and gold exploration and development company listed on the Australian Stock Exchange.
Ukraine introduces tax amnesty
The individuals will be released from liability for tax and currency control infringements for the assets reported in special returns. The also may benefit from reduced liability for infringements of Ukrainian merger control rules.
New approach for disclosing ultimate beneficial owners and ownership structure for Ukrainian compani
For companies with sophisticated corporate structures such disclosure obligations create a burden to collect many documents from various jurisdictions. Thus, it is worth launching the collection of the required documents already.
Ukraine Imposes VAT on Digital Services Supplied by Non-Residents
The Law introduces VAT on digital services supplied by non-residents to Ukrainian individual customers and abolishes 20% withholding tax on advertising services.
AVELLUM advises on Ukravtodor’s debut USD700 million Eurobond issue guaranteed by Ukraine
This is a truly landmark transaction due to the speed of execution, pricing, and certain innovative structuring features. It will have a powerful social and economic impact on improving Ukrainian road infrastructure in the near future.
14 lawyers of AVELLUM recognised in Best Lawyers – 2022
The recent edition of Best Lawyers International – 2022 recognises 14 lawyers of AVELLUM, including all 6 partners of the firm.
3rd anniversary of Law on LLCs
Ukrainian corporate legislation continues to improve. The managing partner of AVELLUM, Mykola Stetsenko, has been actively involved in drafting the new law on the Joint Stock Companies and further improvements to the LLC Law.
AVELLUM advises Interpipe on USD300 million Eurobond issue
Interpipe is a global producer of steel pipes and railway wheels products, based in Ukraine. The company’s products are shipped to over 80 countries worldwide via a network of sales offices located in the key markets of Ukraine, Europe, North America, and the Middle East.
AVELLUM advises DTEK on USD2 billion debt restructuring
This is one of the largest corporate debt restructurings on the Ukrainian market to date with the approximately USD2 billion total volume of the new notes.
AVELLUM advises on sale of 3 wind power plants of 49.5 MW total capacity
AVELLUM acted as the legal counsel to one of the sellers on the sale of a stake in renewable energy projects to Elementum Energy, the largest international renewable energy producer in Ukraine. AVELLUM provided full legal support to the client in negotiating and drafting the transaction documents.
AVELLUM wins Ukraine Firm of the Year at the IFLR Europe Awards
his year, the Awards specifically highlighted the standout contribution of AVELLUM to the reform of corporate laws in Ukraine and the harmonisation of the Ukrainian corporate regulations with the European ones.
AVELLUM advises on Ukraine’s first notes issue listed on London Stock Exchange
AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a USD1.25 billion notes issue with an 8-year maturity priced at 6.875% annual yield.
AVELLUM advises Diligent Capital Partners on acquisition of minority stake in Edinstvo Group
As a result of the transaction, Edinstvo Group obtained the USD20 million financing that it plans to use to construct a soybean processing plant, expand feed additives production capacity and install additional feed packaging lines.
AVELLUM advises Ministry of Finance of Ukraine on EUR116 million financing to purchase patrol boats
The official financial support is provided under the intergovernmental agreement between the Government of France and the Government of Ukraine.
AVELLUM advised A-Development on construction of multifunctional real estate complex in Kyiv centre
The complex will consist of a huge retail space, business centre, apartments, and multi-level underground parking with a total area of over 55,000 sq. m.
Ukraine makes headway with land reform
We believe that the Law will boost the Municipalities and enable agricultural land users to raise additional funding for their business.
AVELLUM advises on sale of containerboard plant
The transaction involved the sale of a modern plant, located in Iziaslav, Khmelnytskyi region, that manufactures about 200 tons of containerboard per day from secondary raw materials (wastepaper).