Ukraine

IFLR1000 Reviews

Overview

Energy and infrastructure

Energy played a part in the decisive Euromaidan protests in Kiev which culminated in Ukraine’s incumbent government of Viktor Yanukovych being overthrown in 2014. What has happened since as Russia-backed Ukrainian pro-soviets annexed the Crimea region, makes this easy to forget, with the subsequent civil war still engulfing the east of the country. 

Ukrainians began protesting in 2014 when, after openly flirting with the European Commission, Yanukovych opted against signing an association agreement with the European Union that would have strengthened the county’s economic and political ties with the trading bloc. Russia had made its objections to the affiliation clear, manipulating its dominant role in the world’s energy supply market and using its position as Ukraine’s largest trading partner to persuade Yanukovych to renege on the deal. 

Since dislodging Yanukovych, Ukraine has elected a new government which has signed a trade agreement with the EU. One of its crucial targets is to improve energy security for Ukraine.  

Russia supplies more than half the gas Ukraine consumes and gas accounts for around 40% of the country’s overall energy usage. In the past, gas has caused tensions between the two countries. When Ukraine fails to pay its bills, Russia cuts it – and subsequently other parts of Europe - off as it has twice already in 2006 and 2009. 

Greater energy independence has long been an ambition of Ukraine, even under Yanukovych’s decidedly pro-Russian government. The country’s strategy for weaning itself of its dependence on Russian energy revolves around improving alternative supplies of gas and domestic production. 

Building an LNG terminal to secure imports from abroad was a central part of the country’s energy diversification strategy. Yet, although the project has been planned and in progress for years, Ukraine is struggling to find a supplier and to agree a route. The Bosporus would be the obvious way to import US LNG, for example, but Turkey will not permit ships to transport the resource up its already congested river. 

Investing in renewable development and tapping unconventional gas reserves, estimated to be the third-largest in Europe, have been Ukraine’s two clear avenues for improving domestic energy production. The loss of Crimea and the war in the east have severely dented the country’s plans for shale exploration. Multi-billion dollar production sharing agreements (PSA) signed with Royal Dutch Shell and Chevron to investigate Ukraine’s tight-gas potential have both been cancelled because of the fighting, and an agreement with Eni to develop unconventional hydrocarbons in the Black Sea off the coast of Crimea has been invalidated by the region joining Russia. What’s more, the new government has reformed the law to remove the attractive incentives that were previously available under PSAs.  

Renewable energy only accounts for 0.6% of Ukraine’s electricity capacity, despite the country having once had one of the highest solar feed-in tariffs in Europe. At present, there is little sight of new development with funding scarce. It’s also worth noting that the Crimea had the most potential for solar and has one of Europe’s biggest photovoltaic parks. 

Coal, the country’s most abundant natural resource, is seen as one solution to improving domestic power production by using it instead of natural gas. The coal industry is concentrated in the Donbass, however, where fighting continues and has already heavily diminished the region’s output.  

On the legislative side, one of the new government’s amendments, which will certainly not aid its aim for greater energy independence and has not been received well by the oil and gas industry, is the increase on royalties introduced by its 2014 tax code. The code increased tax rates for oil drilling to 45%, and the gas sector was even more severely hit. State-owned gas producers are being taxed up to 70% and independents 55% - up from 27% - of their revenues. The IMF has strongly recommended the country revisit these decisions and amend the taxes. The government has said it needs the money to fund security measures. 

Infrastructure development has not been prevalent in Ukraine for several years as its weak economy and massive debt burden have not made projects a realistic prospect. With the country’s closer ties with the EU, funding should be more readily available in future and the East of the country in particular will need to be rebuilt once hostilities cease.

Ukraine’s legal market is surprisingly large, with a number of small domestic firms and a handful of internationals. A number of foreign firms have closed offices in the last two years, Chadbourne & Parke, Noerr and Beiten Burkhardt to name a few – but some remain, and the projects area is mostly dominated by UK and US firms. In energy, CMS is widely seen as the leading expert, but Baker & McKenzie runs a close second. Asters is the leading Ukrainian firm when it comes to project work.   

Ben Naylor – Journalist EMEA

Financial and corporate
Aequo

Aequo is recognised for its work within the banking and private equity areas.  

The firm’s banking team often works closely with international development banks in funding Ukrainian enterprises, and has recently completed deals within the agriculture, chemicals and technology sectors. Private equity acquisition finance and trade finance are further areas of strength for the firm within banking. 

In the capital markets area the firm is strong in Eurobond work, and recently represented a major domestic corporate on a billion-dollar issue. The firm is also active in the ICO and blockchain space, advising clients on issues.  

In M&A the firm works on a mix of private equity deals and strategic M&A transactions across a variety of sectors, where it often represents the acquirer. The firm regularly works for Ukrainian private equity investor Dragon Capital and assisted it with the purchase of commercial properties during the research period. 

In the projects area the firm has worked on a mix of transactional and regulatory mandates for international and domestic clients. The firm has a strong presence within the transport industry, and has recently completed deals in the aviation, marine and transport sectors. 

The firm’s banking team has also acted on restructuring mandates during the research period. It notably acted for an international financial institution on the restructuring of a multi-million dollar loan and worked for a domestic bank on the first-ever restructuring procedure involving a Ukrainian commercial bank. 

Recent Deal Data highlights  

  • Ardagh acquisition of food packaging factory
  • Astarta $20million financing
  • Dragon Capital acquisition of stake in Ciklum
  • Dragon Capital acquisition of Aladdin Shopping Mall 
  • Government of Ukraine €1 billion financing
  • Ipsos €105 million acquisition of GfK custom research business divisions
  • Sarantis acquisition of 90% stake in Ergopack
  • TMM $50 million debt restructuring 

Client feedback

"Solid, reliable, and delivers on time." – Banking

"They are time-efficient, have good expertise on providing subordinated debt, and finished the transaction in a smooth and fast manner." – Banking

"Very professional, precise, and time conscious. Client care is excellent." – Banking

"Has highly knowledgeable lawyers. They were highly effective in coordinating a large team of their lawyers to advise on the transactions on which we worked together." – Capital markets: Debt

"Strong communication skills. Very efficient and well organised." – Capital markets: Debt

"The service provided was of a high level, timely and client specific." – Capital markets: Debt

"Attentive, pragmatic, non-nonsense."– M&A

"Fully satisfied with the quality of the firm's work and its timeliness." – M&A

"Highly professional team with strong technical knowledge. Deep understanding of client's needs." – M&A

"Impressed by the partners' engagement into the client's requests." – M&A

"Professional. Client-oriented. Understands local concerns." – M&A

"The firm provides top class services with one of the best experts and pool of resources in the area of M&A." – M&A

"The team demonstrated deep knowledge and understanding. It was able to come up with an innovative approach to resolve deadlock situations and close the transaction on time." – Restructuring and insolvency

Anna Babych

"A professional lawyer with a strong customer-centric approach, dedication and commitment to projects." 

Bohdan Dmukhovskyy

"Delivers prompt responses and simple solutions."

"Great expertise in banking. Very client-oriented."

Yulia Kyrpa

"An exceptional partner. She is also available, provides clear and correct advice and is a highly effective problem solver. She has fantastic interpersonal skills and is very trustworthy."

"Has great client relationship and people management skills. Always up to date on recent developments and market trends. A strong negotiator with problem solving abilities."

"Proactive, high level of responsiveness, innovative approach."

"Strong knowledge of legal matters, vast experience, great customer care."

"Very professional lawyer. Has an excellent knowledge of the financial sector in Ukraine and considerable expertise. She communicates clearly, delegates efficiently within her team while nevertheless always being in the loop."

Michael Lukashenko

"Highly professional lawyer."

"Very responsive, and has good knowledge of our industry and our needs."

Mykyta Polatayko

"Shows a high level of expertise and experience, and is always ready to answer an e-mail or call. Represented our interests with a great understanding of our business."

Avellum

Avellum is one of the best firms on the market for banking, capital markets and M&A work, and is consistently involved in the market’s largest transactions.  

In the banking area the firm often works on loans from international development banks, on public sector finance and on credit portfolio restructuring mandates, representing a mix of lenders and borrowers. 

The firm is among the market’s strongest in the capital markets space. It worked for both issuers and managers on most major corporate and sovereign eurobond issues from Ukraine during 2018. The firm notably assisted the Ministry of Finance of Ukraine on a dual tranche eurobond issue, as well as on a large private placement, during the research period. 

In M&A the firm often represents a mix of acquirers and sellers across industry areas such as banking, real estate and food. It has also expanded its portfolio to take up mandates for clients in younger sectors locally such as asset management, alternative energy and e-commerce. 

In the projects area the firm has a stronghold in representing international development banks on the building of solar power plants in Ukraine. While the firm has had a historic focus on financing matters, it has increased its project-related work in recent years, and regularly combines its finance work with engineering, procurement and construction advice. 

The firm has a strong presence in the restructuring and insolvency space. It has recently acted for the borrowers on the market’s largest debt and loan restructurings involving agricultural assets and real estate portfolios. 

Recent Deal Data highlights  

  • Government of Ukraine €1 billion 6.75% sovereign bond issue
  • Government of Ukraine $2 billion dual tranche (9.75% and 9%) sovereign eurobond issue
  • Metinvest $1.592 billion eurobond issue
  • Mriya Argo Holding $1.3 billion restructuring
  • Myronivsky Hliboproduct €550 million 6.95% eurobond issue
  • Myronivsky Hliboproduct €100 million financing
  • Sarantis acquisition of 90% stake in Ergopack
  • Ukrzaliznytsia $1 billion agreement with GE for rolling stock production and maintenance

Client feedback

"Excellent. Very responsive, pragmatic and commercial." – Banking

"Professional team with a deep knowledge of capital market transactions in Ukrainian legal framework." – Capital markets: Debt

"A team of professionals that apply time-efficient approaches and creates integrated solutions for businesses." – M&A

"Co-operation is very constructive and effective. The team always manifests itself as professional and responsible outfit." – M&A

"Excellent. Responsive and commercial." – M&A

"High professionalism and experience allow the firm to find a solution to the situation that the client has asked. The team constantly care about its clients and inform about all changes in the legislation that are in the sphere of client's interests." – M&A

"The firm demonstrates very good professional ethics, and perfect skills in M&A." – M&A

Glib Bondar

"Has comprehensive experience in various types of transactions."

Yuriy Nechayev

"Excellent knowledge. Punctual. Client-oriented."

Equity

Equity is a domestic firm recognised for its banking and restructuring and insolvency work. 

Among other recent banking work a highlight saw the firm work with borrowers on debt restructurings. 

The firm stands out for its presence on bankruptcy mandates in the restructuring and insolvency space, where it assists a mix of creditors and debtors. During the research period the firm represented large engineering and manufacturing groups such as Azovelektrostal and Azovobschemash on bankruptcies. 

Recent Deal Data highlights

  • Azovobschemash bankruptcy 
Evris (merged with LCF Law Group 05/2020)

M&A and restructuring are the strongest practice areas for Evris, with its work within the construction and energy sectors being at the core of both practices. 

In the M&A area the firm was active within the energy and real estate space recently and advised domestic clients on a series of acquisitions and joint ventures. A notable transaction saw the firm advise an acquirer in the purchase of two Ukrainian solar plants. 

In the restructuring and insolvency space the firm assisted a mix of creditors and debtors on financial and debt restructuring matters. 

Recent Deal Data highlights 

  • Volterra Energy $24 million acquisition of two solar plants 

Client feedback 

"They are very well versed in acting on banking issues and are always able to put themselves very easily into the case." – Banking 

Ihor Kravtsov 

"Has a wealth of expertise handling complicated and non-standard matters relating to restructuring and insolvency. His strengths are in preserving a professional and goal oriented approach as he understands the commercial needs and is able to get the best and most efficient outcome for the client." 

Golaw

Golaw is recognised for its project development work. 

The banking team has been active on project finance and debt restructuring work during the research period. A notable highlight saw the firm advise the developer on financing the construction of a transhipping complex in an Odessa port. 

The firm was particularly busy in the project development area and notably assisted clients on engineering, procurement and construction (EPC) contracts in relation to biomass power plants and sea ports.  

The firm is also active in the restructuring and insolvency space and often represented lenders on bankruptcy cases recently. 

Recent Deal Data highlights 

  • Chornomorsk sea port
  • Expobank $25 million debt restructuring
  • Khmelnytsky biomass power plant 

Client feedback 

"Always of the highest calibre and professional. Response times are second to none." – Project development 

"Professional and business-oriented approach. Excellent commercial awareness." – Project development 

"Services, knowledge and value of service, are all excellent." – Project development 

Anatoli Grabovy 

"Highly professional, supportive, and business-oriented."  

Max Lebedev 

"Professional, knowledgeable and responds quickly." 

Sergiy Oberkovych 

"Always practical, professional and appropriate."  

Ilyashev & Partners

Ilyashev & Partners is best known for its banking and M&A work. The firm has offices in Russia, Ukraine, and Estonia. 

In banking and finance the firm regularly assists clients on refinancing loans and offers support on financial services regulatory mandates. 

Within the M&A area the firm acts for a mix of buyers and sellers. Recent mandates include work on domestic spin-offs, financial investments and joint ventures. 

The firm was also active in the project development area where it notably took on mandates for developers concerning the construction of solar power plants in Ukraine.  

The firm worked on several bankruptcy proceedings in the restructuring and insolvency area, working on mandates for both creditors and debtors. 

Recent Deal Data highlights

  • Creative Group bankruptcy 

Client feedback 

"Fully satisfied with the high quality of consultations, submissions and support of transactions by the law firm." – Banking 

"Positives include the firm's knowledge regarding the absorption of companies, its ability to work in the field of English law and its willingness to work in difficult situations." – Banking 

"Professional, with good attention to detail." – Banking 

"The team is very talented as well as extremely disciplined. The overall level of service is perfect." – Banking 

"Strengths include competence, professionalism, and decency."  – Capital markets: Debt 

"Good knowledge of regulatory requirements and current legal practice in Ukraine." – M&A  

"It has a capable and stable team, provable experience, and a good international reputation." – M&A 

"Satisfied with our co-operation. The firm are really personally involved in our business development and really care about results." – M&A 

"The firm's reactivity, quick understanding of our requests and needs, speed in delivering the work and excellent interpersonal contacts is particularly noteworthy." – M&A 

"The overall level of service is at high-level. It has an admirable global vision and strategic plan." – M&A 

"Very high expertise and experience in banking and regulatory matters." – M&A 

"The firm has excellent knowledge of our market and a very professional output, which allows them to handle extremely challenging and complex issues with impressive accuracy and expertise. The team is efficient and quick, and each member of the team has strong knowledge in their field. This firm is always available and flexible with short turnaround times.  Its lawyers are trustworthy professionals with strong client ethics." – Project development 

"Very qualified team. Very good energy sector knowledge." – Project development 

"Has the ability to tailor the team and the work methodology for the specific needs of the client and the situation." – Restructuring and insolvency 

"Really good in both strategy development and its practical implementation." – Restructuring and insolvency 

Oleksandr Fefelov 

"He is client oriented, has a good understanding of our business and legal structure, and is always responsive to our requests." 

Mikhail Ilyashev 

"A hard working person with good organisational skills and strategic thinking." 

"A highly reliable expert in terms of transactional skills. He is an outstanding professional, and is ready to answer any call and is always straight to the point and efficient. His approach is built on a longstanding trust, practical business sense and mutual loyalty." 

"A patient, accurate and knowledgeable attorney with a great instinct. He is also an easy-going, fair and open-hearted person, who is very comfortable to work with. His approach instils confidence." 

"A very reliable and exceptionally gifted manager with unparalleled expertise. He is a very hands-on and a strong leader on a deal. He always manages to structure deals well and uphold the highest quality. He really focuses on the interests of his client while remaining deal-driven." 

"Has a sense of what is achievable, and gives confidence from the very first moment." 

"High level of knowledge of current legislation. Quick in responding to changes in the legislation. Ready to make quick decisions in difficult situations." 

"Very high class professional." 

Andriy Konoplya 

"One of the most creative and responsible in the market." 

Roman Marchenko 

"Experienced, responsiveness, practical, and a good communicator." 

"He understands both the legal details and the commercial nuances of matters." 

Oleg Trokhimchuk 

"A great and experienced expert within the energy sector, who handles the most difficult issues." 

"He achieves a working relationship even with difficult personalities, and his ability to close deals is very valuable." 

LCF Law Group

LCF Law Group is best known for its banking and restructuring work in Ukraine. 

In the banking space, the firm often acts for clients on their financial restructurings. 

The firm’s restructuring and insolvency teams acts for a mix of creditors and debtors in bankruptcies. During the recent period, the firm notably represented creditor Alfa-Bank on several mandates. 

Client feedback

"Outstanding legal and business-oriented advice that shows high responsiveness and understanding of our needs." – Banking

"Incredibly smart, goal driven and aligned with our interests." – Restructuring and insolvency

"Provides outstanding legal and business-oriented advice that shows high responsiveness and understanding of our needs. Excellent service and efficient lawyers." – Restructuring and insolvency

"The most knowledgeable and the most responsive team I have ever worked with." – Restructuring and insolvency

Nobles

Nobles is best known in the Ukrainian legal market in the banking and M&A areas. 

In banking and finance work recently the firm represented several financial institutions acting as lender on financings and refinancings. The firm recently acted for Amsterdam Trade Bank, Credit Suisse and Denmark's Export Credit Agency. 

The firm often represents sellers on cross-border and domestic M&A transactions. During the research period the firm was involved on sales in the agricultural, insurance, steel, and water treatment industries. 

Recent Deal Data highlights 

  • BWT acquisition of Ecosoft
  • Metinvest acquisition of Donetsksteel / Pokrovske Coal
  • Urban Space 500 and Veterano Brownie financing 

Client feedback 

"Excellent service, commercial and business minded, and competent." – M&A 

Volodymyr Yakubovskyy 

"Excellent service, commercial and competent." 

Redcliffe Partners

Redcliffe Partners has a strong offering across all areas ranked by the IFLR1000.  

In the banking and finance area the firm worked on several mandates for the European Bank for Reconstruction and Development (EBRD), including on loans to small enterprises, agricultural companies and construction firms, recently. The firm also represents international banks on large project finance deals. 

The firm’s M&A team has been active on buy and sell side work, including on private equity mandates, recently. It has represented multinational clients from sectors such as energy, insurance and pharmaceuticals on deals. 

The firm has worked on a number of debt and loan restructurings during the research period, often representing banks or other financial institutions. 

Recent Deal Data highlights  

  • Axel Johnson acquisition of Passerotti
  • Ferrexpo €400 million revolving credit facility
  • Kernel €200 million revolving credit facility
  • Metinvest $1 billion debt restructuring
  • Mriya $1.2 billion debt restructuring
  • Myronivsky Hliboproduct €25 million financing
  • SALIC acquisition of Mriya
  • Syvash 250MW wind farm 

Client feedback

"Simply great. Fast, business-oriented and witty." – Banking

"Solution driven, patient, friendly and really try to accommodate their clients." – Banking

"They have the right mix of Ukrainian and international experience, and provide timely advice in a constructive, positive fashion." – Restructuring and insolvency

Dmytro Fedoruk

"Very creative and knowledgeable. Has a great, positive attitude."

Olesia Mykhailenko

"Very responsive. Great availability. Good transaction management."

Olena Polyakova

"A great professional, reliable and thoughtful."

Olexiy Soshenko

"A very nice person, a great representative of his generation, and super attentive to the client's commercial needs."

Evgeniy Vazhynskiy

"Has a great deal of knowledge, is very responsive, solution-driven, patient, friendly and really tries to accommodate the client."

SDM Partners

SDM Partners is recognised for its M&A work. 

The firm’s banking team was recently active on financings and loan restructurings, and has acted for a mix of investment funds and domestic banks. 

In the capital markets area the firm assisted an local issuer on its Swedish IPO by offering Ukrainian legal advice. 

The firm’s M&A team works on a mix of acquisitions, sales and mergers, and often operates within the agriculture, transport and real estate sectors. 

A highlight project development mandate saw the firm assist an international solar energy developer on the construction of a power plant. The firm also assisted on several engineering, procurement and construction (EPC) contracts within the healthcare and transport sectors. 

The firm is active in the restructuring and insolvency space and acts for both creditors and debtors on domestic bankruptcies. 

Client feedback 

"Interactions have always been extremely productive. They are very accurate at analysing tasks, providing excellent communication and offering very practical advice. They are constructive and consistent in their approach and deliver good quality on a constant basis." – Banking 

"The level of service is very good and provides comfort." – M&A 

"The firm's in-depth knowledge of a wide range of industries allows them to tailor to the clients' needs at the project's early stages, and address critical milestones and potential risks." – Project development 

"Working with the team is always a great pleasure. Lawyers of the firm are business-oriented and provide first class services." – Restructuring and insolvency 

Serhiy Dzis 

"A well-qualified professional providing smooth, fast and flexible assistance. Offers constructive solutions, strong negotiations skills and absolute dedication." 

"Great lawyer with excellent legal and communication skills." 

"Very meticulous in whatever he does and because of this he obtains the best results for clients." 

Dmytro Syrota 

"Extremely client-oriented. He has brilliant reputation at the market; he understands business needs and business rationale, while also respecting the legal reality." 

"Has a wealth of experience and always thinks outside the box. He understands what is required in a complicated situation." 

"Known for his deep and structured analysis of the existing issues, and precise understanding of how to deliver the legal solution in the most simple and convenient way. His excellent communication skills and readiness to come to assistance at any time is always much appreciated. He understands the needs of the client and is always keen to meet expectations." 

Vasil Kisil & Partners

Vasil Kisil & Partners has a strong presence within the banking and M&A space in Ukraine. 

The firm’s banking team regularly works for lenders and often acts for international financial institutions as they lend in Ukraine. The team has a particular strength in infrastructure transactions and has considerable experience in project financing. Another area of strength is aviation finance, where the firm acts for several international carriers. 

The firm had a strong year within the M&A space and acted on a mix of strategic and private equity investments. The firm is particularly active on agriculture, metals and real estate based transactions. 

Recent Deal Data highlights 

  • Dubai Aerospace Enterprise $34 million financing
  • Metinvest acquisition of Donetsksteel / Pokrovske Coal
  • Kyiv 18MW thermal power plant 
Ader Haber

Ader Haber is active within the banking area in Ukraine, where it often takes on energy and infrastructure matters. 

The firm’s banking team works for borrowers and lenders across a range of sectors including agriculture, construction and nuclear energy. During the research period, the firm completed several project financing transactions concerning the construction of high-voltage lines. 

The firm was formed in January 2018 by former Spenser & Kauffmann lawyers Yuriy Petrenko, Aleksandra Fedotov and Vitaliya Karhova. 

Recent Deal Data highlights 

  • Rivne Kyiv High Voltage Line project 

Client feedback

"Totally satisfied with the quality of their services. I also admire their work on confidential, sensitive issues and support their ethical standards of the legal profession." – M&A

Alekseev Boyarchukov & Partners

Alekseev Boyarchukov & Partners is active within the restructuring and insolvency space in Ukraine. 

The firm primarily represents the interests of Ukrainian banks in bankruptcy matters. It also has expertise in acting for the debtor, with experience in assisting the client on debt restructuring matters. 

During the research period, the firm also split from Trusted Advisors, which it had merged with in 2017. A notable staffing change saw restructuring partner Konstantyn Rybachkovskiy depart to join Stolichny Advokat.  

Recent Deal Data highlights 

  • Business Grand bankruptcy
  • Lugcentrokus bankruptcy 
Andriy Kravets & Partners

Andriy Kravets & Partner is active in the financial and corporate space. 

In the banking area, the firm has expertise in assisting borrowers on corporate lendings and acquisition financing matters. In this aspect, the firm has worked with clients in the agriculture sector. 

The firm is also active on insolvency matters, and recently represented an international bank on Ukrainian matters of a company’s bankruptcy. 

Client feedback

"Very effective in complex and difficult legal cases." – Banking

Antika Law Firm

Antika Law Firm is recognised for its projects work within the Ukrainian legal market. 

The firm’s banking work is often related to its projects mandates, and thus it often represents developers on financing matters. 

In the M&A space, the firm has notably worked for buyers on real estate transactions. 

The firm takes on a mix of construction, licensing, procurement and renewable energy work in the project development area. In recent times, the firm worked on a number of engineering, procurement and construction (EPC) contracts for developers in relation to solar power plants and multi-purpose warehouses. 

Client feedback

"Strong, experienced, and result oriented team. Their approach and experience fully meets the needs and requirements of our company." – Banking

Ario Law Firm

Ario Law Firm is best known for its restructuring and insolvency offering within the Ukrainian legal market. 

The firm has recently taken on distressed M&A work for clients who look to sell during the liquidation process. Another key area of work for the firm’s acquisition team has been in the agriculture sector, where it has acted for client purchasing dairy plant assets. 

In the restructuring and insolvency area, the firm regularly acts for a mix of creditors and debtors on bankruptcies and often assists clients on debt restructuring matters. 

Recent Deal Data highlights 

  • Okean Shipyard bankruptcy 

Client feedback

"Fair and brave." – M&A

"The team is highly professional and maintains the highest legal standards." – Restructuring and insolvency

Arzinger

Arzinger is best known for its strong banking and M&A offerings in Ukraine. The firm works on a mix of mid-size domestic deals as lead counsel, and large international deals as local counsel. 

In the banking space, the firm has expertise in areas including corporate lending and project financing matters. The firm has assisted a mix of banks and alternate lenders in providing financing to clients. 

The M&A team acts for both buyers and sellers across a range of transaction types – acquisitions, sales, financial investments and spin-offs. In recent times, the firm has completed cross-border work in sectors including agriculture, technology and transport, and has advised the likes of Centrica and the European Bank for Reconstruction and Development (EBRD). 

The firm regularly takes on some of the market’s largest debt restructuring mandates, and works closely with local and international banks on dealing with the actions of borrowers. 

Recent Deal Data highlights 

  • Adobe Systems $1.68 billion acquisition of Magento Commerce
  • Donetsksteel $700 million debt restructuring
  • Horizon Capital acquisition of Yarych Confectionary Factory
  • Horizon Capital $10 million investment in Ajax Systems
  • ICU Group investment in Apostera
  • Mriya $1.3 billion debt restructuring
  • Poltava Sad $1.1 million financing
  • Zlatomed $1.8 million financing 

Client feedback

"They are a very professional firm with good contacts with eastern European banks and their dealings with fellow counsel have always been of a high standard." – Banking

"Very satisfied with the level of service provided by the team." – Banking

"The lawyers assigned to our transactions are accurate, have a good eye for detail, and their responses are timely provided. One of the most important advantages is that this law firm has specialized lawyers for all fields that you might need them for." – Capital markets: Debt

Asters

Asters is a strong performer across the financial and corporate space in Ukraine and engages in notable banking, M&A and projects work.  

Banking, finance and capital markets are key areas strength and the firm regularly represents issuers, lenders and borrowers on transactions. During the research period the firm assisted international development banks on loans to Ukrainian businesses in the agriculture and oil and gas sectors. 

In the capital markets space the firm’s notable work has been mostly concentrated on the debt side. Most of the firm’s recent work in this area was confidential. 

The firm’s M&A team regularly advises on cross-border deals, acting for international clients and Ukrainian subsidiaries. It works for both acquirers and sellers on acquisitions, mergers and joint ventures. 

In projects the firm largely works on matters within the electricity, renewable energy and transport, often representing international developers. In recent times the firm has notably worked for General Electric and the China Machinery Engineering Corporation. 

In the restructuring and insolvency space the firm worked for a mix of companies and creditors on company and debt restructuring mandates across the banking, food and technology sectors. 

In August 2018 the firm merged with the Ukrainian office of Egorov Puginsky Afanasiev & Partners. It subsequently opened representative offices in Brussels in November 2018 and London in March 2019. 

Recent Deal Data highlights 

  • Anadolu Efes / Anheuser-Busch InBev joint venture
  • Astarta $35 million financing
  • DTEK Renewables 200MW Nikopol solar power plant
  • Galnaftogaz $35 million financing
  • Modern-Expo €15 million financing
  • Mriya Argo Holding $1.3 billion restructuring
  • Ukrzaliznytsia $1 billion agreement with GE for rolling stock production and maintenance 
  • VR Capital acquisition of 50% stake in Matlomenius Holdings 

Client feedback

"Great professionals, prompt in responding, and addresses issues in a commercial manner." – Banking

"Experts in all major practices and it's very convenient for our company that the firm can advise us in cross-area projects." – Banking

"They have a lot of experience and in-depth knowledge of the local laws and deal structures. Extremely responsive and business oriented." – Banking

"Excellent service, knowledgeable and professional. Also works well with UK lawyers." – M&A

"Comprehensive and business oriented approach to the work and their clients. They work efficiently and provide the comprehensive services. Fluent English speakers." – Project development

"High level of advice, comprehensive offers a client oriented service." – Project development

Axon Partners

Axon Partners is active on banking and finance matters in Ukraine.  

The firm often works for gaming, technology and telecommunication clients on fundraising, blockchain matters and initial coin offerings (ICO). The firm is also involved on the set up of crypto funds and financial restructuring matters. 

The firm merged with Kharkiv-based Oksana Kobzar Law Office in September 2018. 

Recent Deal Data highlights 

  • DreamTeam $38 million fundraising
Baker McKenzie

Baker McKenzie is one of the best firms in the country for M&A and project development advice and is arguably the strongest international firm in Kiev. 

The firm’s banking team is renowned for project finance work and regularly works for borrowers and lenders on financing the development of mines and power plants. The team has further strengths in acquisition financing, aircraft leasing and financial regulatory work. 

The firm has significant experience in the capital market space working for issuers and banks and, in the research period, advised on bond issues by two large Ukrainian companies. 

Agriculture, pharmaceutical, and oil and gas deals formed a large part of the firm’s M&A mandates during the research period. The firm has the capability to act on cross-border English law governed deals as well as expertise on advising on the local aspects of global M&A transactions. 

In the projects area the firm regularly works on oil and gas, mining and wind energy mandates. Notably, the firm recently advised developers on their potential participation in the Ukraine-EU Energy Bridge project, the first Ukrainian PPP in the energy sector. 

The firm has worked on a number of debt and loan restructurings during the research period, often representing domestic banks or international financial institutions. 

Recent Deal Data highlights  

  • Aragvi $300 million 12% bond issue
  • Brookfield Business Partners / CDPQ $13 billion acquisition of Johnson Controls power solutions business
  • Energoatom $250 million financing
  • Jerooy gold deposit expansion
  • Mriya Argo Holding $1.3 billion restructuring
  • Myronivsky Hliboproduct €221 million acquisition of 90% stake in Perutnina Ptuj
  • Myronivsky Hliboproduct €550 million 6.95% bond issue
  • Servier $2.4 billion acquisition of Shire oncology business  

Client feedback

"We highly value its comprehensive expertise in banking matters, advising on various legal matters." – Banking

"Very good. They are reliable." – M&A

"Very reliable law firm providing legal advice and good project management." – Project development

CMS Cameron McKenna / CMS Reich-Rohrwig Hainz

CMS Ukraine has strength across the financial and corporate board, especially within the project development area. 

The firm’s project development team has credible energy, infrastructure and transport offerings and regularly works on several of Ukraine’s largest ongoing projects. The firm’s global presence assists the team in garnering work from international and large domestic developers, and in recent times, the firm has notably assisted the European Bank for Reconstruction and Development (EBRD) on the renovation of public transport in Mariupol.   

A notable staffing change saw the arrival of banking partner Ihor Olekhov from Baker McKenzie.  

Recent Deal Data highlights 

  • Astarta $30 million financing
  • Aurora Cannabis €5.5 million acquisition of Agropo / Borela
  • EBRD / Invalda / Horizon Capital $23 million acquisition of 41.09% stake in Moldova Agroindbank
  • Mariupolske Tramvaino-Troleybusne Upravlinnya renovation
  • MHP $100 million acquisition of Perutnina Ptuj
  • Scatec Solar acquisition of Progressovka 148 MW solar power plant
  • Nibulon $80 million financing
  • Vioil $80 million financing 

Client feedback

"A very competent and committed team, with excellent negotiation skills and a very solid regulatory background." – M&A

Dentons

Dentons is one of the strongest firms in the country for energy and infrastructure sector transactional work. The firm’s global network sees the firm secure work for international clients in Ukraine.  

The firm’s recent banking work includes acting for lenders on credit facilities and export finance. The firm represented European Bank for Reconstruction and Development (EBRD) and the National Bank of Ukraine recently on deals. 

In M&A the firm is predominantly active in energy and real estate, and acts for a mix of acquirers and sellers. 

The firm’s projects team has a clear focus on renewable energy, and often assists developers on the construction of hydro, solar and wind power plants. 

In the restructuring and insolvency space the firm works on a mix of corporate restructurings, debt restructurings and distressed debt acquisitions. 

One notable staffing change saw projects specialist Myron Rabij depart the firm after 23 years to join US firm McCarter & English.  

Recent Deal Data highlights  

  • DTEK Renewables 200MW Nikopol solar power plant
  • Dymerka 57.6MW solar power plant 
  • Ipsos €105 million acquisition of GfK custom research business divisions
  • Ferrexpo €400 million revolving credit facility
  • Syvash 250MW wind farm 

Client feedback

"Assistance is effective, well planned and qualified." – Banking

"Efficient and professional." – Banking

"Excellent law firm. Offers practical solutions to legal issues." – M&A

DLF Attorneys-at-Law

The team at DLF attorneys-at-law is known for its M&A work in Ukraine.  

The firm has a focus on assisting small foreign businesses which invest into Ukraine. Among other recent M&A work, the firm has been active for buyers and sellers on a mix of acquisitions, sales and financial investments. 

Client feedback

"Great. Very fast and responsive." – M&A

"Fully consistent work." – Restructuring and insolvency

Ecovis Bondar & Bondar Law Bureau

Ecovis Bondar & Bondar, the legal branch of the global consulting firm Ecovis, is active on financial and corporate matters. The firm has a strong offering in the aviation sector, and takes on deals ranging from debt restructurings to joint ventures for aviation clients. 

During the research period, the firm also took on transactional work in sectors such as construction, healthcare and real estate.

Client feedback

"Excellent team of lawyers focused on the aviation market." – Project development

"Excellent team of lawyers with creative thinking, good time management skills, and an excellent knowledge in the aviation sector." – Project development

"Good team of lawyers and administrative staff." – Project development

Engarde

Engarde is active in Ukraine on M&A and insolvency matters. 

In the M&A area, the firm regularly assists buyers on domestic acquisitions. During the research period, the firm acted on transactions within the agriculture, real estate and technology sectors. 

The firm was active in the restructuring and insolvency space, and regularly assisted debtors on bankruptcy matters.  

A notable staffing change saw M&A partner Roman Ognevyuk depart to work independently. 

Client feedback

"Can handle complex, cross-border interactions very well. Has a sufficient depth of resources and a team of qualified lawyers." – M&A

Esquires

Esquires is active in the M&A area in Ukraine.  

During the research period, the firm was active for acquirers in the financial services, insurance and renewable energy sectors. In particular, it often acted for developers as they sought to purchase solar power plants. 

Client feedback

"Client oriented. High-level, professional legal support." – M&A

Eterna Law

Eterna Law is active in the banking and M&A space. 

In the banking space, the firm notably acted for a lender on financing alternative energy projects, and for a bank in relation to its financial restructuring.  

The firm’s M&A team has expertise on distressed M&A matters and regularly works on acquiring and disposing of assets of businesses undergoing insolvency proceedings. The firm was also often involved in private transactions within the banking, industrial and manufacturing sector. 

A notable staffing change saw the firm add restructuring partner Denys Kytsenko to its team from Dynasty Law. 

Recent Deal Data highlights 

  • Cornerstone Partners / Oaktree Capital Management $13 million acquisition of CoreValue 
Everlegal

Everlegal is best known for its M&A work, especially on transactions involving renewable energy projects. 

In the banking space, the firm often works for international and domestic banks on the provision of loan facilities to clients in the agriculture, energy and technology sector.  

The firm’s M&A team often deals on matters for acquirers and sellers in the agriculture and energy sectors, and regularly collaborates on projects for the likes of Main Group Ukraine and UDP Renewables. Recent transactions have seen the firm work on M&A deals concerning solar power plants in regions including Dnipro, Kiev and Odessa. 

The firm takes on a mix of construction, procurement and renewable energy work in the project development area. In recent times, the firm worked on a number of engineering, procurement and construction (EPC) contracts for developers in relation to oil wells, solar power plants and wind farms. 

A notable staffing change saw the firm add corporate partner Vsevolod Volkov to its team from Integrites. 

Recent Deal Data highlights 

  • HarvrEast acquisition of Agro-Holding 

Client feedback

"Offers commercial and pragmatic advice which was relevant and practical." – M&A

Gestors

Gestors is active on financial and corporate matters in Ukraine. 

A highlight during the research period saw the firm advise an oil and gas company on the bankruptcy of one of its clients. 

Goro Legal

Goro Legal is known for its work on restructuring and insolvency matters in Ukraine.  

The firm provides assistance for debtors and creditors on matters concerning insolvency, debt restructuring and corporate restructuring. 

Recent Deal Data highlights 

  • Apollo $800 million loan restructuring
  • Creative Group bankruptcy
  • Riverside Development $1.5 billion restructuring 
Gramatskiy & Partners

Gramatskiy and Partners is active on banking mandates in Ukraine.  

The firm often acts for borrowers on financings, including on intra-group transactions and regulatory aspects. The team also takes on a mix of restructuring and refinancing work for Ukrainian clients. 

Inpraxi

Inpraxi Law in Ukraine for its project development work, where they are active in the alternative energy market.  

During the research period, the firm work on a mix of transactional, regulatory and development work within the energy sector, where it assisted a number of Ukrainian developers. The firm worked on a range of engineering, procurement and construction (EPC) contracts in relation to solar power plants. 

Integrites

Integrites is best known for its M&A work, especially on transactions involving renewable energy projects. 

The firm has a strong M&A offering, and during the research period, it was often active for acquirers and sellers in the agriculture sector. 

The firm takes on a mix of construction, procurement and renewable energy work in the project development area. In recent times, the firm worked on a number of engineering, procurement and construction (EPC) contracts for international developers in relation to wind farms. 

A notable staffing change saw the firm add corporate partners Illya Tkachuk and Igor Krasovskiy from Jeantet. Going the other way, Vsevolod Volkov departed to join Everlegal. 

Client feedback

"They demonstrate good knowledge of the legal framework and provide valuable advice." – Banking

"Very professional. Lawyers have a very good knowledge of the Ukrainian legal framework and considerable expertise." – Banking

"Very professional staff. Fast and flexible. Great expertise in different spheres." – Restructuring and insolvency

Jeantet

French firm Jeantet is best known in Ukraine for its M&A work. 

In the M&A space, the firm recently provided assistance for acquirers who completed transactions in the consumer goods and energy sectors. The firm also increasingly took on work for foreign investors, with the assistance of its strong European network. 

A notable staffing change saw corporate partners Illya Tkachuk and Igor Krasovskiy depart to join Integrites. 

Recent Deal Data highlights 

  • Gosha €20 million acquisition of Bomond
  • Tryba Energy acquisition of Ekotechnik 

Client feedback

"The firm made an overall good impression of knowing the public procurement issues in Ukraine and has the benefit of having strong experience on public procurement contracts." – Project development

Jurimex

Jurimex is active on banking and M&A matters in Ukraine. 

The firm’s banking team notably assisted on financing energy saving projects during the research period, and worked closely alongside the Nordic Environment Finance Corporation. 

In the M&A space, the firm was active in assisting international clients on a range of matters including acquisitions and squeeze outs. In this aspect, it acted on transactions within the agriculture, aviation and energy sectors. 

Juscutum

Juscutum is active in the project development space in Ukraine. It is also known for its work within the technology and telecommunications sectors. 

In the M&A space, the firm completed due diligence work for IT groups as they sought to invest in Ukraine. 

The firm’s projects team notably assisted the China Harbour Engineering Company on obtaining licenses for the construction of social infrastructure work. 

Kasyanenko & Partners

Kasyanenko and Partners is active in the banking area in Ukraine. 

The firm often represents domestic clients on matters regarding the drafting and execution of their financial contracts. 

Kinstellar

International firm Kinstellar is best known in Ukraine for its banking and M&A work, especially on transactions involving renewable energy projects. 

In the banking space, the firm often works for international and domestic companies on the provision and receipt of loan facilities to clients in the agriculture, energy and metals sector. In this aspect, the firm notably assisted a Danish state investment fund on its financing of Ukrainian solar energy projects, and for a large steel group on its investment from the European Bank for Reconstruction and Development (EBRD). 

The firm’s M&A team has acted on a mix of acquisitions, sales and financial investments during the research period. A highlight saw the firm represent China’s largest energy equipment manufacturer in relation to its large investment into a wind power plant in Southern Ukraine. 

The firm’s projects practice complements its banking and M&A work, with the firm also taking on construction and development roles on some of its financial and corporate transactions. 

Recent Deal Data highlights 

  • ArcelorMittal Kryvyi Rih $350 million financing
  • Kness Solar €5.75 million financing
  • McCormick acquisition of Enrico Giotti
  • Odesa Port Plant privatisation 

Client feedback

"The firm was diligent, professional, qualified, and performed well. They did a very good job especially advising on cross-border work from Denmark to Ukraine." – Banking

"Very responsive, reliable and well explained. Takes commercial needs into consideration." – Banking

"Always very professional, consistent and reliable." – M&A

"We enjoy the solution-oriented approach, competence, business focus and speed of reactions from this team. They are extremely helpful." – M&A

KPMG

KPMG has a credible financial and corporate offering. The firm specialises in providing M&A services. 

The firm has recently assisted acquirers and sellers on M&A deals providing due diligence and share purchase agreement reviews. The deals have been in sectors including agriculture, renewable energy and steel. Other corporate mandates included work on mergers, joint ventures and financial investments. 

Recent Deal Data highlights 

  • Day Energy acquisition of Martifer Solar 
Lavrynovych & Partners

Lavrynovych & Partners is active in the banking area in Ukraine. 

The firm has been active in assisting clients within the payments sector, and has recently represented the likes of MoneyGram and Payment Planet. The firm notably assisted Demetra Investments on financing and financial restructuring work during the research period. 

Recent Deal Data highlights 

  • Demetra Investments €2 million financing 
Law Offices of OMP

Lavrynovych & Partners is active in the banking and M&A areas in Ukraine. 

The firm’s banking team often represents lender banks on the provision of loans to companies within the agriculture sector. 

In the M&A space, the firm has recently been active for acquirers in the manufacturing sector. 

Client feedback

"Strong overall." – M&A

Legrant

Legrant is best known for its project development work in Ukraine, where it focuses on work in ports and terminals. 

A recent highlight saw the firm work for developers on the reconstruction of the Odesa sea port, and on the instalment of port elevators. 

Lexwell & Partners

Lexwell & Partners is best known for its project development work in Ukraine, where it focuses on work in the mining sector. 

The firm regularly acts for clients on matters related to the application and changing of mining licenses. During the research period, the firm acted multiple times for ArcelorMittal Kryvyi Rih as it increased its production activity. 

Client feedback

"High level of professionalism and very accurate advice. Deep understanding of the Ukrainian legal system, court system and more generally access to authorities." – Banking

"Highly professional. Delivers good results. Creative." – Banking

"They always demonstrate an integral approach and provide cost-effective solutions." – Project development

Mitrax

Mitrax is known for its work on restructuring and insolvency matters in Ukraine.  

The firm provides assistance for debtors and creditors on matters concerning insolvency, debt restructuring and corporate restructuring. 

Recent Deal Data highlights 

  • Crocus Center bankruptcy
  • Sigma Center bankruptcy 
Moris Group

Moris Group is active in the banking and restructuring space in Ukraine. 

The firm’s banking team has acted for clients on a mix of financings and fundraisings during the research period.  

In the restructuring and insolvency area, the firm has assisted clients on financial reorganisations and corporate restructurings.

Client feedback

"Excellent firm. Very competent and responsive lawyers, a pleasure to work with them." – M&A

Ostin

Ostin is active in the banking and M&A areas in Ukraine.  

The firm’s banking team works on a mix of acquisition financing and corporate lendings. A recent highlight saw the firm advise a Ukrainian bank on over ten financings of corporate clients. 

In the M&A space, the firm worked on multiple distressed M&A mandates by assisting City Finance on the purchase of several non-performing loan portfolios. 

Client feedback

"Very supportive and was always available to answer any questions that I had." – Banking

Pavlenko Legal Group

Pavlenko Legal is active in the banking and M&A areas in Ukraine.  

The firm’s banking team notably took on work concerning the financial restructuring of clients. 

In the M&A space, the firm worked for acquirers and sellers on multiple M&A mandates in the agriculture and pharmaceutical sector. 

A notable staffing change saw Anna Hryschchenko join the firm to lead its M&A department from Evris.

Peterka & Partners

Regional firm Peterka & Partners is active in the banking and restructuring areas in Ukraine.  

The firm’s banking team acted on a mix of financing and financial services regulatory work for clients during the research period. In this aspect, the firm regularly represented clients in the retail and telecommunications sector. 

In the restructuring and insolvency space, the firm acted for a mix of creditors and debtors on bankruptcies. A highlight saw the firm act for Raiffeisenbank as a creditor on insolvency proceedings.

PwC Legal

PwC Legal has a credible financial and corporate offering. On transactional matters the firm often focuses on overseeing financial investments and assisting on capital raisings.   

In other banking and insolvency work, the firm deals with compliance and financial regulatory work for clients, advising on loan portfolio restructurings and general due diligence. 

Client feedback

"Very satisfied with results. We really rely on the team's expertise to ensure we capture all potential risks." – Restructuring and insolvency

"We are very content with the work provided." – Restructuring and insolvency

S&P Investment Risk Management Agency

S&P Investment Risk Management Agency is active in the financial and corporate space. 

During the research period, the firm notably worked for clients in relation to investments by foreign companies in the agriculture sector.  

Sayenko Kharenko

Sayenko Kharenko has one of the market’s best financial and corporate practices across the board. The firm acts on many of Ukraine’s high-end transactions across the banking, capital markets and M&A areas. 

In the banking and finance area the firm notably advises corporate and international development banks on financing nationally prominent projects. In recent times the firm has worked for investment banks in sectors such as nuclear energy, renewable energy and technology.  

The capital markets group is renowned for advising on Ukraine’s biggest deals on the debt side, and also for advising on new structures and regulations. The firm is one of a few that work on sovereign and corporate bond investments with prominent international law firms. 

The firm’s M&A team had a busy period, and was a market leader by deal volume for Ukrainian deals closed in 2018. The firm works across a mix of sectors, ranging from agriculture to insurance, on cross-border acquisitions, mergers and joint ventures. 

Although the firm focuses on the financing of projects, it also has the capability of advising on engineering, procurement and construction (EPC) contracts and previously assisted on mandates involving solar power plants and wind farms. 

The firm is among the market’s leaders in the restructuring space, where it has recently acted on the market’s largest debt and loan restructurings involving agricultural assets and real estate portfolios. 

Recent Deal Data highlights  

  • Anadolu Efes / Anheuser-Busch InBev joint venture
  • Aragvi $300 million 12% bond issue
  • Government of Ukraine €1 billion 6.75% sovereign bond issue
  • Government of Ukraine $2 billion dual tranche (9.75% and 9%) sovereign eurobond issue
  • Government of Ukraine €529 million financing
  • Metinvest $1.592 billion eurobond issue
  • Mriya Argo Holding $1.3 billion restructuring
  • Ukrzaliznytsia $1 billion agreement with GE for rolling stock production and maintenance 

Client feedback

"Very efficient and timely approach." – Banking

"Able to work on sophisticated financial transactions." – Capital markets: Debt

"Excellent quality. Meets all deadlines." – Capital markets: Debt

"Good understanding of sophisticated financial instruments. Has the ability to take on a risk-based approach." – Capital markets: Debt

"Has excellent knowledge and expertise. Furthermore, they were very responsive and delivered on time." – Capital markets: Debt

"Highly competent lawyers, which take on a client-oriented and very practical approach." – Capital markets: Debt

"Very easy to work with, responsive and very pleasant to deals with." – Capital markets: Debt

"Very professional. Very efficient. Provides quick and focused answers." – M&A

Selepey Volkovetsky & Partners

Selepey Volkovetsky & Partners is active in the restructuring and insolvency area in Ukraine.  

The firm’s main expertise relates to bankruptcy and debt restructuring work for clients. During the research period, the firm acted for a number of debtors in attempting to revitalise their assets. 

Recent Deal Data highlights 

  • Oskar $38.5 million debt restructuring 

Client feedback

"The firm has solid experience in dealing with problematic assets." – Restructuring and insolvency

"They are a unique boutique firm that manages complicated law cases as business projects." – Restructuring and insolvency

"They have a deep understanding of business needs." – Restructuring and insolvency

Sergii Koziakov & Partners

Sergii Koziakov and Partners is known for its banking and M&A work in Ukraine.  

The firm’s banking team has expertise on asset restructuring work, and notably represented clients within the construction and retail sector during the research period. 

In the M&A space, the firm regularly provides legal assistance for acquirers and sellers acting on share transactions. In this area, the firm has recently completed transactions within the energy and pharmaceutical sectors. 

Client feedback

"They know the law, the right people and get results." – M&A

Shkrebets & Partners

Shkrebets & Partners is best known for its project development work in Ukraine. 

A recent highlight saw the firm work for Kharkiv City Council on the reconstruction of the city’s Shevchenko Gardens area. 

The firm opened an office in Kramatorsk during the research period, adding to its existing bases in Kharkiv and Kiev. 

Recent Deal Data highlights 

  • Shevchenko Gardens renovation 

Client feedback

"I can say that everything is completed at a high level. Practices are strong." – Project development

"Legal support was given on the highest level." – Project development

"The main strength of the firm is its ability in providing complex legal support concerning any judicial question which arises in our company. They are great specialists and show strong expertise in all cases which they resolve. The other big advantage of the firm is the client care, as the lawyers of the firm are ready to answer every question quickly and professionally." – Project development

"We are glad to work with them. We get a positive result." – Project development

Spensers

Spensers is best known for its M&A work in Ukraine. 

The firm is active in the banking space, and has notably assisted international financial institutions such as the DEG and the FMO on recent mandates. 

In the M&A space, the firm has been active for Ukrainian clients in the agriculture, manufacturing and real estate sectors. 

Following the departure of several partners to Ader Haber, Spenser & Kauffmann merged with ST Partners in January 2019. After operating briefly under the brand of Spensers ST, it later split again and rebranded itself as Spensers. 

Sytnyk & Partners

Sytnyk & Partners is active in the banking area in Ukraine. 

A recent highlight saw the firm work for a German media company on the financial restructuring of its Ukrainian subsidiary. 

TCM Group

TCM Group is active in the restructuring and insolvency area in Ukraine. 

The firm prioritises work for creditors, and represents them in negotiations with distressed companies, shareholders and administrators. During the research period, the firm acted on large bankruptcies and restructurings in the agriculture, hospitality and transport sectors. 

VB Partners

VB Partners is active in the banking area in Ukraine.  

The firm often provides advice on compliance and financial services regulatory work to domestic clients. 

Client feedback

"Key strengths include its fundamental approach to evidence search and investigation, and its strategy implementation." – Banking

"Solves acute problems and complex questions. The team is efficient and results-driven." – Banking

Wolf Theiss

International firm Wolf Theiss is best known for its M&A work in Ukraine. 

The firm’s banking team often supported the transactional M&A team and worked on a mix of acquisition financing and financial services regulatory work during the research period. 

In the M&A space, the firm worked on acquisitions, sales and joint ventures for clients during the research period. A recent highlight saw the firm act for Munich Re on the sale of its insurance subsidiary in Ukraine. 

Recent Deal Data highlights 

  • Rent24 acquisition of Chasopys 

Client feedback

"The firm performed exceptionally well. The firm possesses the right balance of legal expertise and a commercial approach." – Banking

"The lawyers were competent, experienced and reliable. The tasks were completed in a timely and agreed manner. The work was efficient and the delivered product was of a good value. The overall impression is that the objectives of the work were met in an effective manner." – M&A

"Provided a great service." – M&A