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PARTIAL AMENDMENTS CONCERNING CORPORATE GOVERNANCE IN LIMITED LIABILITY COMPANIES
In addition to the modernisation of corporate governance in joint stock companies (“JSCs”), the new version of the Law of Ukraine “On Joint Stock Companies” (“Law”) introduces partial amendments concerning corporate governance in limited liability companies (“LLCs”). However, the Law introduces such amendments in an unusual way, in particular: We analysed such structures’ main advantages and […]
PROCEDURE FOR ACQUISITION OF OWNERSHIP RIGHT TO AGRICULTURAL LANDS IMPROVED
On 2 May 2023, the Ukrainian Parliament adopted Law “On Amendments to the Laws of Ukraine Regarding Improvements of Legal Regulation of Notarial and Registration Actions When Acquiring the Land Plots” No. 3065-IX (“Law”). The Law aims to regulate specific issues related to acquisition of the ownership right to agricultural land plots (“Agri Lands”). In particular, the Law: · simplifies the […]
Celebrating 14 Years of AVELLUM: A Journey of Dreams, Values, and Success
On 9 July 2023, we proudly marked the 14th anniversary of AVELLUM—a celebration of our unwavering commitment to excellence and the realization of our dreams. Guided by our values, we have achieved remarkable milestones and made a lasting impact in the legal landscape. Since our inception in 2009, our dreams have propelled us forward. We aspired […]
UKRAINE INTRODUCES NEW LAW ON CONSUMER PROTECTION
On 5 July 2023, the President of Ukraine signed Law of Ukraine “On Consumer Protection” No. 3153‑IX (the “CP Law”). Most provisions of the CP Law will become effective one year after its publication, which is yet to be made, but not earlier than the date of termination or cancellation of martial law in Ukraine. […]
AVELLUM advises the Ministry of Finance of Ukraine on £26.3 million equivalent loan backed by UK Export Finance
AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a landmark £26.3 million equivalent export loan from Citibank, guaranteed by UK Export Finance (UKEF). The loan will fund the reconstruction of six bridges in the Kyiv Region, which have suffered severe damages and destruction in 2022 due […]
UKRAINE EASES CURRENCY CONTROL RESTRICTIONS, ALLOWING REPAYMENT OF CERTAIN LOANS FROM FOREIGN LENDERS
The National Bank of Ukraine (“NBU”) recently allowed Ukrainian borrowers to transfer foreign currency (“FX”) funds abroad to fulfil their obligations under the following categories of loans from foreign lenders: To recap, following the Russian invasion of Ukraine, the NBU introduced a moratorium on FX cross-border payments for the period of martial law in Ukraine. […]
Law of Ukraine “On Collective Bargaining Agreements and Contracts” is signed
On 11 April 2023, the President of Ukraine signed Law of Ukraine “On Collective Bargaining Agreements and Contracts” No. 2937-IX, dated 23 February 2023 (“Law”). The Law aims to fulfil Ukraine’s commitments towards European integration. Most provisions of the Law will come into force six months after the martial law is lifted. In particular, the […]
Celebrating 14 Years of AVELLUM: A Journey of Dreams, Values, and Success
On 9 July 2023, we proudly marked the 14th anniversary of AVELLUM—a celebration of our unwavering commitment to excellence and the realization of our dreams. Guided by our values, we have achieved remarkable milestones and made a lasting impact in the legal landscape. Since our inception in 2009, our dreams have propelled us forward. We aspired […]
AVELLUM advises the Ministry of Finance of Ukraine on £26.3 million equivalent loan backed by UK Export Finance
AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a landmark £26.3 million equivalent export loan from Citibank, guaranteed by UK Export Finance (UKEF). The loan will fund the reconstruction of six bridges in the Kyiv Region, which have suffered severe damages and destruction in 2022 due […]
AVELLUM acts as Ukrainian legal counsel on Aristocrat’s $1.2B acquisition of NeoGames
AVELLUM acted as Ukrainian legal counsel to Aristocrat Leisure Limited, a leading global gaming content and technology company and top-tier mobile games publisher, in connection with its acquisition of NeoGames, a global leader in content and technology solutions for the online Real-Money Gaming industry. Details of the $1.2 billion transaction can be found here. Our […]
AVELLUM successfully represented the client before the Supreme Court
AVELLUM successfully represented the client before the Supreme Court in a case concerning illegal construction. The full version of the decision is available via the link. The case concerned the invalidation of the Department for State Architectural and Construction Control of Kyiv City’s decision to grant a construction permit. The construction works carried out under […]
AVELLUM acts for the client in cyber fraud investigation
AVELLUM acted for an international e-commerce company in the internal investigation into the suspected insider fraud followed by the criminal proceedings.In the course of the internal investigation, we uncovered the signs of fraudulent actions committed by a former employee through an online platform. He tampered with the customers’ accounts and altered their payment data to […]
AVELLUM provided full legal support to American University Kyiv in establishing campus in historic Kyiv River Port building
AVELLUM provided comprehensive legal support to American University Kyiv in establishing its first-of-its-kind educational institution in Ukraine, located in the historic Kyiv River Port building on Poshtova Square in the centre of Kyiv. Throughout the project, our team worked diligently to ensure legal integrity, and sustainability of the university’s presence in the building. Given the […]
PARTIAL AMENDMENTS CONCERNING CORPORATE GOVERNANCE IN LIMITED LIABILITY COMPANIES
In addition to the modernisation of corporate governance in joint stock companies (“JSCs”), the new version of the Law of Ukraine “On Joint Stock Companies” (“Law”) introduces partial amendments concerning corporate governance in limited liability companies (“LLCs”). However, the Law introduces such amendments in an unusual way, in particular: We analysed such structures’ main advantages and […]
PROCEDURE FOR ACQUISITION OF OWNERSHIP RIGHT TO AGRICULTURAL LANDS IMPROVED
On 2 May 2023, the Ukrainian Parliament adopted Law “On Amendments to the Laws of Ukraine Regarding Improvements of Legal Regulation of Notarial and Registration Actions When Acquiring the Land Plots” No. 3065-IX (“Law”). The Law aims to regulate specific issues related to acquisition of the ownership right to agricultural land plots (“Agri Lands”). In particular, the Law: · simplifies the […]
UKRAINE INTRODUCES NEW LAW ON CONSUMER PROTECTION
On 5 July 2023, the President of Ukraine signed Law of Ukraine “On Consumer Protection” No. 3153‑IX (the “CP Law”). Most provisions of the CP Law will become effective one year after its publication, which is yet to be made, but not earlier than the date of termination or cancellation of martial law in Ukraine. […]
UKRAINE EASES CURRENCY CONTROL RESTRICTIONS, ALLOWING REPAYMENT OF CERTAIN LOANS FROM FOREIGN LENDERS
The National Bank of Ukraine (“NBU”) recently allowed Ukrainian borrowers to transfer foreign currency (“FX”) funds abroad to fulfil their obligations under the following categories of loans from foreign lenders: To recap, following the Russian invasion of Ukraine, the NBU introduced a moratorium on FX cross-border payments for the period of martial law in Ukraine. […]
Law of Ukraine “On Collective Bargaining Agreements and Contracts” is signed
On 11 April 2023, the President of Ukraine signed Law of Ukraine “On Collective Bargaining Agreements and Contracts” No. 2937-IX, dated 23 February 2023 (“Law”). The Law aims to fulfil Ukraine’s commitments towards European integration. Most provisions of the Law will come into force six months after the martial law is lifted. In particular, the […]
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 […]
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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