LATEST NEWS

February 22, 2017

Report on Global Issues of Bitcoin Businesses Regulation

The first independent Russian-language report on legal regulation of cryptocurrency and cryptocurrency business in Australia, the UK, Hong Kong, the EU, Canada, China, South American nations, Russia, the USA, Ukraine, and Japan is published. The …

February 16, 2017

Axon Partners opens its office in Lviv and launches new practice areas

Company’s Lviv office officially operates from 1 February. The Lviv team currently consists of three people: Yura Kornaga, Orest Gavryliak and Lida Klymkiv. It’s safe to say that Axon Partners Lviv branch can be already listed in TOP-50 o…

AEQUO advised Epicentr Group

AEQUO advises Epicentr Group on acquisition of shopping malls in Lviv, Bucha and Boryspil. AEQUO’s team provided comprehensive legal support, including structuring the transaction, legal due diligence of the targets, obtaining the merger cl…

 

CURRENT ISSUE (January-February 2017)

In focus – Wealth Management

The international wealth management market has stepped into a period of change. High net worth individuals want to house their assets in secret. Meanwhile, governments around the world look meticulously at attempts to shield wealth offshore, introducing financial transparency and global information exchange initiatives. Long-term impact on the industry is inevitable. However, globally it is an important business segment for banks and lawyers...

Expert Opinion

Invest with a Trust in Ukraine and Sleep Tight

Tetyana Ivanovych, Volodymyr Yaremko

When structuring your investment into Ukraine use of foreign companies’ (so-called Special-Purpose Vehicles) is common practice. With it becoming more and more popular, and not without merits, involve a trust into the corporate structure in addition to one or a few SPVs. Such a structure usually substantially increases protection of an asset, though it may not be sufficient in the event of an asset’s expropriation (directly or indirectly) by Ukrainian authorities.

 

In Re

Is it Time to Think about Succession Planning?

Pavlo Shovak

Compared to the world’s developed economies, Ukrainian businesses started their development relatively recently. This was back in 1991 after Ukraine became independent from the Soviet Union. Therefore, it may be stated that Ukrainian business elite is rather young and is only just beginning to think about matters related to proper asset structuring and further efficient transfer of businesses to their family.

 

Influence of Tax Regulations on Wealth Management Structures

Olga Anufriieva, Anna Nevmerzhytska

The wealth management industry is on the way to recovery after the damage caused by the global financial crisis. According to the Global Wealth Report 2016, the number of high net worth individuals has grown by 60% in the last 10 years1.

 

News

Deals

Merger clearance for Boehringer Ingelheim’s asset swap transaction with Sanofi

AVELLUM advised EBRD

AEQUO advised multiple lenders on restructuring of multi-million loan facilities

Sayenko Kharenko advised on sale of Aegon Life Ukraine

Asters advised rail operator Ukrzaliznytsia

Eurobank Ergasias S.A. sells Universal Bank to TAS Group

Cases

Mriya bondholders demand debt acknowledgement

Amsterdam Court rules to return Scythian gold to Ukraine

Gazprom set to challenge fine running into billions imposed by AMCU

Odebrecht pays largest fine in history for corruption

European Court of Justice suspended decision to expand Gazprom access to OPAL

 

Draft

Ban on using apartments for purposes other than those proposed

Reorganization of medical institutions

Tax burden on heat supply companies reduced

New draft on LLC proposed

Legislative initiatives on stock market

 

law digest

President legitimized new taxes for individual entrepreneurs

Green tariff for large solar power plants reduced

NBU lifted 120 days restriction for payments for exporters of services

Business allowed to amend customs declarations

Simplified system of medicinal products registration started its work

 

Biznews

Banking & Finance

State-owned Oschadbank receives technical support package from EBRD

PrivatBank nationalized

NBU introduces mechanism of emergency loan services to banks

Competition

European Commission fined three banks EUR 485 million

Korean Commission slaps huge fine on Qualcomm

Tax

McDonald’s moves its tax residence to the UK

Oil & Gas

Ukraine and Poland sign agreement on rules of GTS interaction

Mergers & Acquisition

Alaska Air Group buys Virgin America

Telecommunications

Ukrainian channels become paid

International Aid

EBRD opens EU4Business regional offices in Ukraine

Cover Story

Wanted Disclosed or Closed

Until recently private clients practice was not a very popular area of legal services in Ukraine. However, in recent years business owners have begun to realize the need for separation of their assets and the assets of their companies and the need to structure assets in the light of the trend towards global information exchange. The world is moving toward transparency and the main issue that remains is how to disclose the information in a proper manner. The rules of the game are rapidly changing, and management of private wealth faces revelations and disclosure threats.

Argument

Opening the North American Market for Ukraine: Canada is the First to Go

Igor Kalaida, Oleksandr Tereshchenko

Ukraine and Canada enjoy long-standing friendly relations. More than 1 million ethnic Ukrainians live in Canada; Canada was one of the first countries to recognize independence of Ukraine. Canada actively supports Ukraine in countering Russian aggression, providing diplomatic, technical and financial assistance.

Letters of Consent in Ukrainian Trademark Practice

Mariya Ortynska

Letters of consent are used in many countries throughout the world for the registration of identical or similar trademarks. Until recently, the Ukrainian IP Office refused to accept such letters. However, due to the change in practice, with a letter of consent received from the owner of an earlier registered trademark or a trademark earlier filed for registration, he chances of registering a similar trademark in Ukraine are pretty good.

Venue

Knowledgeable and Innovative

At the end of 2016 the IV International Forum for the Promotion of Legal Services held by Yuridicheslkaya Practika Publishing brought together more than 80 speakers and over 300 delegates. Over the course of two days (13-14 December 2016), the participants received an excellent opportunity to visit 8 sessions, 7 master classes, a business breakfast, legal cinema battle and presentation of the first Bot.Lawyer in Ukraine.

Crux

Legislative Update

Over the last few months, the public authorities have taken a number of important decisions and nominated many legislative initiatives. In this section, the UJBL editorial team has enlisted the help of experts to comment on the latest changes and the large number of proposed drafts. Our latest digest includes, to a large extent, initiatives and already adopted laws that touch upon alternative energy sources, medicine registration procedure, introducing the institution of shareholder agreements and more.

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