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Konnov & Sozanovsky - Energy and Power

Konnov & Sozanovsky – a results-oriented approach to law

Presently the energy sector of Ukrainian industry is under reform targeted at the further development of wholesale marketing of electric power and privatization of power stations, power providers and suppliers. The Ukrainian energy market is scattered, and power stations and power providers act quite independently.

As for the present moment, certain shares of all energy companies have been privatized. The percentage of private participation in these companies varies from 14.23% to 24% in electric power producing companies, and from 24% to 100% - in power providers and suppliers.

The lack of stability and transparency prevents the major foreign investors from strategic investments to the Ukrainian energy and power sector. However, the low cost of labor, coal deposits and developed nuclear power industry make the Ukrainian energy market potentially interesting to a foreign investor.

Konnov & Sozanovsky's lawyers have experience and possess the required knowledge of peculiarities of the energy and power sector and advise clients on many aspects of oil, gas, energy business, including servicing share purchase transactions, privatization, obtaining authorizations for mining operations, interrelations with controlling and competition authorities, dispute resolution. We advise on the following energy and power industry related issues: legal framework of the energy business; purchase of assets, mergers & acquisitions, reorganization and restructuring of companies; authorizations for natural deposits production; agreements servicing mining operations and sales of treasures of the soil; privatization of companies; pre-acquisition due diligence for the foreign investor; tax optimization; tenders; environmental regulations; dispute resolution.

Leading Lawyer Key Practice Office Position  
Gluhovskaya, Tatiana Intellectual property law Kiev (Ukraine) Managing partner
Hvaley, Anastasiya Corporate law Nicosia (Cyprus) Head of office
Konnov, Sergei Corporate law Kiev (Ukraine) Senior partner
Lobovyk, Borys Ñommercial law Kiev (Ukraine) Senior associate
Marks, Ronald Competition law Kiev (Ukraine) Partner
Popko, Helen Corporate law Kiev (Ukraine) Senior associate
Pustovit, Alexey Ñompetition law Kiev (Ukraine) Senior associate