Vasil Kisil & Partners Partner Volodymyr Igonin reports ongoing reforms in Ukraine amid the challenges of war, highlighting ambitious governance reforms, particularly in the state-owned enterprise sector, and a drive to attract investment through privatization and risk-protection measures. Despite obstacles, Igonin notes that both local and foreign businesses are investing in Ukraine, reflecting a cautious optimism for the country's economic future.

KPD Consulting has advised VD Group on its acquisition of the LvivTech.City project from UFuture Holding.

Avellum has advised the Ukraine-Moldova American Enterprise Fund on launching its USD 50 million direct investment program.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

KPD Consulting has successfully represented Ekoferma Yaros Agro in a dispute against Soufflet Agro Ukraine, a subsidiary of The Soufflet Group.

Sayenko Kharenko has advised the European Bank for Reconstruction and Development on a EUR 35 million finance package to the city of Kharkiv to help tackle the impact of the ongoing war.

Starting on 1 January 2025, the parallel import of medicines into Ukraine will come into force, allowing dealers that are authorised by manufacturers of medicinal products to import medicines in parallel with said manufacturers. The expected outcomes of this new regime are higher competition and lower prices for relevant medicines.

Kinstellar has advised Orbico Group on its acquisition of a controlling stake in SAV 92 from Asnova Holding.

Avellum has advised the Ministry of Finance of Ukraine on a CAD 400 million concessional loan from Canada. 

Sayenko Kharenko has advised Getin Holding on the sale of JSC Idea Bank to TAS Group.

In recent years, Ukraine has experienced a significant shift towards digitalization, with the advent of electronic identification (eID) means and trust services being a pivotal element of this revolutionary transformation. As Ukraine endeavours to embrace technology-driven solutions, eID means and trust services - enabling, inter alia, electronic signatures (eSignatures) - have emerged as readily accessible and efficient alternatives to traditional handwriting methods, thereby streamlining processes, minimizing reliance on paper-based documentation, and eliminating the need for the physical presence of signatories in one place.

Vasil Kisil & Partners has advised MacPaw Group on restructuring its corporate group.

Former Misechko & Partners Partner Stanislav Skrypnyk has joined Hillmont Partners as Counsel in the firm's Dispute Resolution practice.

Former Kinstellar Ukraine Partners Margarita Karpenko, Alla Kozachenko, Galyna Zagorodniuk, and Illya Sverdlov have established Imagine Lawyers.

Sayenko Kharenko has advised Hilltop Technologies on entering the Ukrainian market via the launch of its R&D arm – SET Cyber Labs – in collaboration with SET University. 

Kinstellar has advised KNDS on establishing a subsidiary in Ukraine.

On 13 August 2024, the Ukrainian Government adopted Order No 757-p “Certain Issues of Pilot Auctions for the Allocation of the Support Quota in 2024” (“Green Auctions Order”) scheduling the first auctions for supporting renewable energy producers under the feed-in premium mechanism (“Feed-in-Premium”) later this year.

Commencing from October 1, 2024, tax benefits for taxpayers with a high level of voluntary tax compliance or members of the announced “White Business Club” will come into full force and effect.