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AVELLUM advises Ministry of Finance of Ukraine on CAD2.4 billion loan from Canada
AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a CAD 2.4 billion (equivalent to USD1.8 billion) concessional loan from Canada. The funds were provided through the mechanism of the Administrated Account of the International Monetary Fund The repayment period of the loan is ten years, and […]
A procedure for compensation of destroyed/damaged real estate due to Russian aggression has been introduced
On 23 February 2023, the Ukrainian Parliament adopted the Law of Ukraine “On Compensation for Damage and Destruction of Certain Categories of Real Estate as a Result of Hostilities, Terrorist Acts, and Sabotage Caused by the Armed Aggression of the Russian Federation Against Ukraine, and the State Register of Property Damaged and Destroyed as a […]
AVELLUM’s year of invincibility
It’s been a tremendously important and obviously the most critical year for our country after 24 February 2022, when russia started its unprovoked and unjustified full-scale war against Ukraine. Although the russian invasion made our activities quite challenging, we are fully operational and looking forward to restoring our business and the Ukrainian economy. Despite the challenges, […]
AVELLUM successful for the client before the High Anticorruption Court
AVELLUM defended the client, a Member of Parliament of Ukraine of the 9th convocation, being also a Lieutenant General of Ukrainian Armed Forces, in the criminal case heard by the High Anticorruption Court
FATF suspended russia’s membership
AVELLUM acted as the legal counsel to the action group led by the Ministry of Finance of Ukraine and the State Financial Monitoring Service of Ukraine to facilitate the adoption of restrictive measures against russia by the FATF
Maksym Maksymenko has been elected as the Co-Chair of the Chamber Infrastructure Committee of the American Chamber of Commerce in Ukraine
AVELLUM is pleased to announce that our partner Maksym Maksymenko, a Head of Real Estate and Infrastructure, has been elected as the Co-Chair of the Chamber Infrastructure Committee of the American Chamber of Commerce (AmCham) in Ukraine. In his new role, Maksym will work alongside other committee members to promote the development of Ukraine’s infrastructure […]
AVELLUM advises DMarket on its acquisition by Mythical Games
AVELLUM acted as the legal counsel to DMarket and its shareholders in connection with its acquisition by Mythical Games. Following the acquisition of DMarket, Mythical Games launched Mythical Marketplace 2.0, a marketplace built on Mythical’s new layer 1 EVM blockchain and powered by the Mythos native ecosystem token MYTH. Vadim Medvedev, partner at AVELLUM, stated, […]
AVELLUM’s year of invincibility
It’s been a tremendously important and obviously the most critical year for our country after 24 February 2022, when russia started its unprovoked and unjustified full-scale war against Ukraine. Although the russian invasion made our activities quite challenging, we are fully operational and looking forward to restoring our business and the Ukrainian economy. Despite the challenges, […]
AVELLUM successful for the client before the High Anticorruption Court
AVELLUM defended the client, a Member of Parliament of Ukraine of the 9th convocation, being also a Lieutenant General of Ukrainian Armed Forces, in the criminal case heard by the High Anticorruption Court
FATF suspended russia’s membership
AVELLUM acted as the legal counsel to the action group led by the Ministry of Finance of Ukraine and the State Financial Monitoring Service of Ukraine to facilitate the adoption of restrictive measures against russia by the FATF
Maksym Maksymenko has been elected as the Co-Chair of the Chamber Infrastructure Committee of the American Chamber of Commerce in Ukraine
AVELLUM is pleased to announce that our partner Maksym Maksymenko, a Head of Real Estate and Infrastructure, has been elected as the Co-Chair of the Chamber Infrastructure Committee of the American Chamber of Commerce (AmCham) in Ukraine. In his new role, Maksym will work alongside other committee members to promote the development of Ukraine’s infrastructure […]
AVELLUM advises DMarket on its acquisition by Mythical Games
AVELLUM acted as the legal counsel to DMarket and its shareholders in connection with its acquisition by Mythical Games. Following the acquisition of DMarket, Mythical Games launched Mythical Marketplace 2.0, a marketplace built on Mythical’s new layer 1 EVM blockchain and powered by the Mythos native ecosystem token MYTH. Vadim Medvedev, partner at AVELLUM, stated, […]
AVELLUM’s client defeats a challenge to a USD20 million LCIA Award with the UK High Court
In a Judgment dated 20 January 2023, the UK High Court dismissed each of the four grounds of challenge to the award made under s. 68 of the Arbitration Act 1996. The full version of the decision is available via the link. The judgment resolves the ambiguity created by P v D [2019] EWHC 1277 on applicability of the rules on […]
A procedure for compensation of destroyed/damaged real estate due to Russian aggression has been introduced
On 23 February 2023, the Ukrainian Parliament adopted the Law of Ukraine “On Compensation for Damage and Destruction of Certain Categories of Real Estate as a Result of Hostilities, Terrorist Acts, and Sabotage Caused by the Armed Aggression of the Russian Federation Against Ukraine, and the State Register of Property Damaged and Destroyed as a […]
European Court of Human Rights gives green light to Ukraine’s claims against russia over violations in Eastern Ukraine
In the 25 January 2023 final decision in the case of Ukraine and the Netherlands v. russia, the Grand Chamber of the European Court of Human Rights (“ECHR”) declared the complaints partly admissibile. The Grand Chamber will now decide the case on the merits. The case concerns three complaints related to russia-orchestrated military takeover and […]
LAW OF UKRAINE “ON JOINT STOCK COMPANIES” AMENDED
One of the key features of the amended Law of Ukraine “On Joint Stock Companies” (“Law”), which came into force on 1 January 2023, is the possibility of choosing a corporate governance structure. Joint stock companies (“JSCs”) may select a one-tier or two-tier governance structure. Until 1 January 2023, JSCs could operate only with a two-tier governance structure consisting […]
CHANGES IN REGULATION OF RESERVATION OF PERSONS ELIGIBLE FOR MILITARY SERVICE
On 23 November 2022, the President signed the Law of Ukraine “On Amendments to the Law of Ukraine “On Mobilisation Preparation and Mobilisation” Concerning Reservation of Persons Eligible for Military Service for the Period of Mobilisation and Martial Law” (“Law”). The Law will come into force the next day after its publication. The Law introduces, […]
UKRAINE INTRODUCES E-RESIDENCY
On 26 October 2022, the President of Ukraine signed Law of Ukraine “On Amending the Tax Code of Ukraine and Certain Other Legislative Acts of Ukraine on Specifics of Taxation of Entrepreneurial Activities of Electronic Residents” No. 2654-IX (“Law”) introducing the concept of electronic residency of Ukraine for foreign nationals (“E-Residency”). The Law will become effective on 1 April 2023. What […]
CONSTRUCTION INVESTMENT LEGISLATION IMPROVED
Law of Ukraine “On Ensuring Proprietary Rights to Real Estate Objects to be Constructed in the Future” No. 2518-IX (“Law”) entered into force on 10 October. This Law aims to protect the rights of those investing in construction and eliminate some legislative gaps in this area. To achieve this goal, the Law: The Law prevents […]
COURT PRACTICE ON THE OBJECTS COMMISSIONING (ukr)
Інна Ербелідзе, Юлія Підлісна Введення в експлуатацію закінчених будівництвом об’єктів є завершальною і водночас найбільш проблемною стадією будівництва. Органи архітектурно-будівельного контролю (“Містобудівний Орган”) часто відмовляють у реєстрації декларації про готовність об’єкта до експлуатації (для об’єктів СС1) чи видачі відповідного сертифіката (для об’єктів СС2 та СС3), не аргументуючи такі відмови та обмежуючись загальними посиланнями на положення […]
СONSTRUCTION, RECONSTRUCTION, RESTORATION, REPLANNING, CAPITAL AND ORDINARY REPAIR: COURT PRACTICE (ukr)
Термінологія будівельного законодавства є широкою та, на перший погляд, може виглядати заплутаною. Так, за Законом України “Про регулювання містобудівної діяльності” від 17 лютого 2011 року № 3038-VI (“Закон про Містобудівну Діяльність”), основний термін “будівництво” включає в себе такі поняття як “нове будівництво”, “реконструкція”, “реставрація” та “капітальний ремонт”. Додатково до зазначеного вище, знаходимо термін “перепланування” у таких нормативно-правових актах: […]
FOR FOREIGN INVESTORS: PECULIARITIES OF SHARE TRANSFER IN UKRAINE
As a rule, transactions with securities, including shares in joint stock companies, require the engagement of an investment firm, in particular a securities broker. At the same time, the Law of Ukraine “On Capital Markets and Organised Commodity Markets”, which entered into force on 1 July 2021, provides for several exceptions to this rule. Indeed, […]
DIIA CITY LAW IN UKRAINE: IP
On 11 August 2021, the President of Ukraine signed Law of Ukraine “On Stimulating the Development of the Digital Economy in Ukraine” No. 1667-IX (“Law”). Most of its provisions became effective on 14 August 2021, introducing Diia City, a special legal regime for IT companies, and bringing changes beyond the IT industry. Background It is no […]
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.
STOP ON REQUEST (ukr)
Шахрайство — це прикрий тренд сучасності. За оцінками Асоціації сертифікованих спеціалістів із розслідування шахрайства (Association of Certified Fraud Examiners, ACFE), кожна компанія втрачає в середньому 5 % річного доходу через шахрайські дії свого персоналу. У ціновому вираженні збитки компаній за 2020 рік сягнули 3,6 мільярда доларів США. Водночас дослідження ACFE стосувалося випадків лише «внутрішнього» шахрайства (occupational fraud), виключаючи дії […]
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IFLR1000
AVELLUM is a professional firm with excellent attention to detail and good lawyers. They always perform well and are very driven in providing top service.
IFLR1000
Uniformly excellent. The best firm in Ukraine these days. Very strong across all practice areas, professional ethos and service culture.
Chambers Europe 2019
“An excellent combination of international experience and deep knowledge of Ukrainian realities”
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