In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. This time around we turn our attention to setting up new practices and ask: When launching a new practice, what is your go-to strategy – do you look at internal team members to spearhead it, or are you more likely to turn to lateral hires? Why?

Keeping employees motivated and engaged, and retaining the brightest talent can be an effortful task for businesses. Employers agree that fixed net income and mere compliance with basic employment standards are not sufficient and, thus, promote incentive programs as a recognized instrument to navigate this challenge. While worldwide trends in incentivizing employees are similar, each country has developed a set of its own legislative rules and market practices – and Ukraine is no exception.

The Ukrainian parliament recently adopted Law of Ukraine No. 4116-IX[1] to combat gambling addiction (ludomania) and to improve the state regulation of activities related to the organisation and conduct of gambling and lotteries. Most of the amendments will come into force on 1 April 2025.

Sayenko Kharenko has advised Trimble on obtaining merger clearance for its joint venture with AGCO.

Avellum has promoted Former Counsel Oleksii Maslov to Partner in the firm’s Dispute Resolution practice, focusing on International Arbitration.

On 19 December 2024, Ukraine experienced one of the largest cyberattacks on its public registers launched by the Russian Federation. Among the many targeted registers was the State Register of Property Rights to Real Estate ("Real Estate Register").

Asters has launched a new Forensic practice headed by Counsel Sviatoslav Ogreba.

Doubinsky & Osharova has announced that Partner and Co-Founder Irina Osharova has passed away.

Sayenko Kharenko has advised Piraeus Bank on an agreement with the U.S. International Development Finance Corporation on the provision of a USD 20 million portfolio guarantee to the bank.

Markiyan Malskyy has returned to Arzinger as Partner and the firm’s new Head of the West Ukrainian Branch as well as the Co-Head of the International Dispute Resolution and Arbitration Practice. 

Amid the daily disruptions of war, Ukraine’s legal market has shifted focus to urgent areas like military law, sanctions compliance, and damage compensation, while adapting to workforce shortages and declining revenues, according to Asters Senior Partner Armen Khachaturyan.

On 26 December 2024, the Law “On Amendments to the Criminal Code of Ukraine, the Criminal Procedure Code of Ukraine, and Other Legislative Acts of Ukraine to Improve Mechanisms for Holding Legal Entities Accountable for Bribery of Foreign Officials” No. 4111-IX entered into force. It is meant to implement the OECD Council’s Recommendation on Combating Bribery of Foreign Public Officials in International Business Transactions.

Sayenko Kharenko has advised Elementum Energy on the acquisition of a majority stake in Windpark West-R.

On 23 December 2024, the Register of Damages for Ukraine caused by the aggression of the russian federation against Ukraine (the “Register”) published the forms and rules for submitting claims for compensation in newly opened categories of claims. This will allow individuals and legal entities, as well as the state of Ukraine, to start preparing the necessary documents in 30 out of the 45 planned categories.

Hillmont Partners and Astraea have advised on a settlement between the Stati Parties and the Republic of Kazakhstan in a dispute concerning a 2013 USD 500 million SCC Award, bringing all related litigation to an end.

Everlegal has advised VisionFund on establishing its Ukrainian entity and obtaining a financial company license, enabling it to provide non-banking financial services such as granting loans and banking metals.

Former Counsel Denys Medvediev has been promoted to Partner at Redcliffe Partners. The same promotion round also saw Kateryna Zheltova promoted to Senior Associate.

With effect from 21 December 2024, the National Bank of Ukraine (“NBU”) introduced new exemptions from the moratorium on foreign currency cross-border transfers. Notably, these changes broaden the scope of existing exemption for Ukrainian corporate issuers permitting to make payments in connection with Eurobond-related obligations, described in our earlier legal alert.