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GENERAL DIGEST #143 Monday, 15 March 2010 |
| Tuesday, 16/3, 9:30 EBA Health Care Committee Clinical Trials Subcommittee EBA office in Kyiv 1-st floor, 1A Andriyivsky Uzviz Tuesday, 16/3, 11:00 Meeting of the representatives of STA in Zhytomyr oblast: Plans 2010. Company of declaration 2010 with the EBA information support - EBA Zhytomyr Branch Assembly hall 7 Voykova St, Zhytomyr Tuesday, 16/3, 17:00 EBA Legal Committee - EBA Western Ukrainian Branch EBA Office in Lviv 6 S.Bandery St, office 3 Tuesday, 16/3, 19:00 EBA Business Battle Barsky club, Kyiv 2/5 Krasnoarmiyskaya St, 7 floor Wednesday, 17/3, 11:00 EBA Mineral Wool Insulation Committee EBA office in Kyiv 1-st floor, 1A Andriyivsky Uzviz Wednesday, 17/3, 17:00 EBA Marketing Committee EBA office in Kyiv 1-st floor, 1A Andriyivsky Uzviz Wednesday, 17/3, 17:00 EBA Branch Board meeting - EBA Western Ukrainian Branch EBA Office in Lviv 6 S.Bandery St, office 3 |
Wednesday, 17/3, 17:00 Master Class on Public Speaking - EBA Kharkiv Branch Satori Restaurant 7 Svobody Sq, Kharkiv Wednesday, 17/3, 17:00 EBA Marketing Committee EBA office in Kyiv 1-st floor, 1A Andriyivsky Uzviz Thursday, 18/3, 15:00 Master-Class: Practical Aspects of Project Management - EBA Odesa Branch Business-hotel Continental 5 Deribasovska St, Odesa Thursday, 18/3, 16:30 EBA Public Relations Committee EBA office in Kyiv 1-st floor, 1A Andriyivsky Uzviz Thursday, 18/3, 16:30 EBA General Membership Meeting: Ukrainian Bank System: reality and prospects - EBA Dnipropetrovsk Branch Ukreximbank 26 Lenina St, Dnipropetrovsk Thursday, 18/3, 19:00 EBA Personal Assistant School EBA office in Kyiv 1-st floor, 1A Andriyivsky Uzviz |
Thursday, 18/3, 19:00 EBA After work lounge - EBA Western Ukrainian Branch Place to be confirmed Friday, 19/3, 9:30 EBA Regulatory Affairs Committee EBA office in Kyiv 1-st floor, 1A Andriyivsky Uzviz Friday, 19/3, 13:00 EBA & Donetsk CCI joint Membership Meeting with General Consuls of Czech Republic, Germany, Greece, Poland and Russian Federation - EBA Donetsk Branch Donetsk CCI 87 Kyivskiy Ave, Donetsk Friday, 19/3, 17:00 EBA Marketing and PR School in memory of Robert Reed EBA office in Kyiv 1-st floor, 1A Andriyivsky Uzviz Monday, 22/3, 17:00 EBA HR Evening School EBA office in Kyiv 1-st floor, 1A Andriyivsky Uzviz Monday, 22/3, 18:00 EBA Board meeting EBA office in Kyiv 1-st floor, 1A Andriyivsky Uzviz |
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| 11 March 2010 EBA meets with Vice Prime Minister Serhiy Tihipko |
| On Thursday 11 March, Serhiy Tihipko was appointed as Vice Prime Minister of the new parliamentary coalition formed between the Party of Regions, the Lytvyn Bloc, the Communist party and some individual MPs. Shortly after his appointment on Thursday, Serhiy Tihipko took the initiative to call the EBA and request a meeting on Friday – just a day after being appointed.
In doing so, he demonstrated a real willingness to cooperate and to consider the views of the business community and we are pleased to say that this was reflected in the meeting itself. A number of issues were discussed and the EBA was asked to provide information in support of its proposals for the improvement of the business environment in Ukraine. These have been forwarded to Mr Tihipko and the EBA are in the process of elaborating on these ideas and working towards their implementation. |
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 What will happen i 2010? EBA Board Member, Maarten Durville discusses his outlook for the year ahead.Name: Maarten Durville Nationality: Dutch Vocation: General Maneger, Philips Ukraine LLC, EBA Board Member Background: Maarten Durville is from the Netherlands and started work in Ukraine in May 2008, a few months before the crisis hit. In his 15 years for Philips he has lived and worked in different, mostly commercial roles in the Netherlands, Germany and Taiwan. 1. What is the most alarming trend facing the Ukrainian economy today? I think it is the question of whether or not the government can get the budget under control. If not, that would be alarming for the country as a whole and it would be detrimental for the business climate. To manage the economy costs need to be cut. This was extremely difficult in the pre-election climate but now it must be addressed. It provides tough choices for any government, not just Ukraine, but these choices must be made. Increasing revenues and doing it sensibly is the other important issue. If it isn’t done well, it will only drag on longer and the whole population will feel the effects – the government budget is an important one. 2. What will be the biggest Ukrainian success in 2010? I think the biggest success would be to balance the government budget but without incurring too much of a social cost, to limit the impact on those people that already have little. It’s easy to say that pensions cost too much however; behind these figures are all the pensioners who have worked their entire lives and now have to live on a small amount each month. So to balance the budget whilst keeping the social cost to a minimum would be the biggest success, it’s not easy. 3. What direction will the Ukrainian stock market move and what kinds of returns (if any) do you predict? I don’t follow the stock-market. My guess is that it will go up a little but I really don’t know. 4. What should be the first priority for the new Ukrainian President? We have at the EBA outlined seven focal points. As individual companies we don’t all suffer from the same seven problems however for the business community at large I think those seven priorities are clear. Furthermore I think it’s important to explain why. It is not necessary so that Ukrainian or foreign multi-nationals can simply make more money; it is required to make Ukraine attractive to foreign investment. At this moment Ukraine has everything – an attractive location, relatively low cost, well educated people and a large population both in terms of the labor market and as consumers but still a lot of companies hesitate to invest. Why? Because of the judicial system, corruption… if you export and don’t get your VAT back then you’re not going to invest here. However, Ukraine needs foreign direct investment to create jobs and prosper. It is good for the people of Ukraine and it is good for the economy as a whole (good for Ukraine) and it’s not just for the bottom line of a company such as Phillips. So, I fully support the seven EBA priorities. More FDI will bring more prosperity, more jobs, and more opportunities. Everything is here but it’s very difficult to do business here. 5. Which business sector will be the 'rising star' in 2010? My guess is construction because it was hit so hard by the crisis. If you go down 80% it’s easier to go up by |
10%. …and my wish is healthcare. Phillips is active in the healthcare market, so I have first hand knowledge that it needs a lot of basic improvements. Basic care and hospitals are in dire need of improvement and so I wish it would be the healthcare sector and that it will get the investment it needs to raise the level of healthcare across Ukraine. 6. Which emerging world economy is the best bet for investors? I think China. They have adequate financial resources and a dedicated government. They understand that they have to take care of their people and of their businesses and they consciously try to make the most out of what they have. It’s something I respect a lot and I think China will continue to be the rising star of world economies. 7. What will be the 'must have' item in Ukraine in 2010? A 21:9 TV It’s new, it’s fantastic and it’s definitely the must have item - you no longer have to go out to go to the cinema! Maybe it’s not affordable for everyone yet but - It’s the must-have gadget. 8. What is the best Ukrainian asset to own in 2010? I would like to say land but it’s still impossible, though is one of the greatest assets Ukraine has. Maybe gas, gas is the best-kept secret in Ukraine. The best assets that Ukraine has are its land and its people. They are an unbeatable combination. 9. Global warming: fact or fiction? How much money and effort should the Ukrainian invest in emissions cuts? Fact, and even if somebody believes otherwise there are only good reasons for saving the limited resources we have. You have you use the little things you have sparingly – they are not infinite. Also, many of the investments make sound economic sense. It’s very easy to calculate the payback time of an investment to switch to energy efficient lighting for example and it does not take long to earn back your investment. We regularly conduct energy audits for companies and can provide them significant savings. Very often, what makes sense environmentally makes sense for the economy as well. 10. Will Ukraine be ready for the 2012 Football Championships? I think it will be ready in a Ukrainian way. The Germans and the Dutch would do it perhaps differently – they would like to be ready two or three years in advance with everything checked but this is Ukraine, not Germany not Holland. Yes the games will be held here, at least in three cities if not four. And yes tents will be pitched for the fans, but I think fans will be happy to sleep in a tent as long as they can see the games. 11. What will be the biggest surprise of 2010 in Ukraine? The biggest surprise would be if Yanukovych and Tymoshenko shake hands, bury their differences and do what’s best for the country – that would be the biggest surprise What I would like is; if they could agreed to disagree on a numbers of items but work together on the things that they both agree on such as the economy, corruption etc I’ve set myself the following test. For some reason, not known to or understood by me, a small sheet of paper (a form) must be completed every time you visit another city on business. It must be signed and returned to the authorities. There must be whole warehouses of these completed forms in Kiev. Nobody is making a good case for the forms, nobody is explaining why they are needed or what purpose the serve and so, as long as they exist, I believe things are not changing. When this document is abolished – Ukraine is really changing. |
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| 16 March 2010 EBA Business Battle – Spring League 2010  |
| Win EU vacation for you and your colleagues! Use your brain-power, utilise your business expertise and challenge your nerve in the EBA Business Battle – Spring League 2010! The EBA Business Battles are fun and challenging series of events for staff teams of EBA members. 4 teams will take part in the battle: - Johnson & Johnson - Colliers International - Pulse - Xeratech Ukraine If you wish to watch/cheer/support the teams please register at events@eba.com.ua. |
 Need more information? Call us at +380 44 496 0601, you are welcome to contact Kateryna Dermenzhi.
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18 March 2010 EBA Business Morning with Ambassador of Greece H. E. Georgios Georgountzos |
 The EBA is delighted to invite you for the EBA Business Morning with Ambassador of Greece H.E. Georgios Georgountzos.The Ambassador will give a short speech on Thursday, 18 March 2010 at 9:30 in the EBA head office (1A Andriyivsky uzviz, 1st floor) and discuss the following topics with the audience: - Ukrainian – Greek cooperation; - Ukraine’s perspectives as an EU neighbour; - The economic situation in Greece; - Visa issues; - The Greek view on the Ukrainian business environment. |
Anticipating an interesting and informative discussion we encourage you to take part in the meeting with H.E. Georgios Georgountzos. If you would like to attend and to participate in the EBA Business Morning, please register your interest by email to events@eba.com.ua till 17 March 17:00.
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| 11 March 2010 EBA INVESTMENT Business Morning  |
| The EBA hosted an INVESTMENT 'Business Morning' meeting for the benefit of its member companies. The meeting featured presentations from representatives of the European Investment Bank (EIB) and the Global Emerging Markets (GEM) investment fund. Talking to a packed audience, they presented their investment and financing opportunities for businesses in Ukraine. The EIB European Union’s long-term lending bank set up in 1958 by the Treaty of Rome and is owned by the 27 Member States of the European Union. The EIB contributes to the realisation of investment projects that further the economic, social and political cooperation priorities of the EU and is therefore of significant interest to EU/Ukrainian companies operating in Ukraine.
 The GEM Group however; targets Small/Mid Cap Private and Listed Companies and Mr Glauco presented the company and their products to the attending guests. |
Representing the organisations were: - Philippe Szymczak: Head of the Eastern Europe, Southern Caucasus and Russia - Transport and Telecommunication Division, within the Europe's Neighbour and Partner Countries Department, the European Investment Bank. - Tore Emanuelsson: Head of the EIB Representation Office in Ukraine, Eastern Europe, Russia, Southern Caucasus & Central Asia Division, Europe's Neighbour and Partner Countries Department, the European Investment Bank. - Mr Glauco C. Verdoia: Partner, GEM Global Emerging Markets. Here are the presentations, for the benefit of those who were unable to attend: EIB and GEM. The meeting took place in the new EBA conference hall (located under the existing office on Andriyvsky Uzviz) and we were happy to welcome such a large and interested crowd of participants. As many attendees have book appointments to meet with the institutions the event has been a real success.
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| 13 March 2010 Concert "Barbara avec passion" by Isabelle Vajra |
 The EBA was delighted to host a sell-out performance of "Barbara avec passion" by Isabelle Vajra at the Kyiv Philharmonie on Saturday evening. Isabelle ecieved a warm welcome before performing a moving and autobiographical series of songs for the guests and dignitaries. |
Guests enjoyed a formal reception after the event that provided the perfect opportunity to relax and reflect on the performance. The event had been organised in partnership with President foods, Repriza cafe and the French-speaking embassies in Kyiv as part of the Francophonie celebrations. The EBA is truly grateful to all attended and to everyone who helped make the event such a success.
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| We would like to remind you that we continue running the seventh round of the EBA Attractiveness Index Poll that aims to estimate the dynamics and attractiveness of Ukraine’s investment environment. The EBA wishes to thank those who have made their contribution to developing and supporting EBA Index seeking to reflect business people’s views on the current economic situation.
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 Please click here for more information about the Investment Attractiveness Index and previous results. |
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| 9 March 2010 EBA Life Insurance Committee  During this meeting the EBA Life Insurance Committee members had an opportunity to discuss the number of issues with representatives of the State Commission on Financial Services Markets (DFP) Mrs Halyna Tretiakova and Mrs Kira Grozava.Mrs Tretiakova and Mrs Grozava informed the EBA Life Insurance Committee members on the functioning of the DFP after its restructuring and responsibilities of different units. The parties also discussed questions regarding the qualification requirements of the actuaries. The representatives of DFP expressed the desire in further cooperation with the EBA Life Insurance Committee on various issues. 9 March 2010 EBA Health Care Committee Registration Subcommittee At the beginning of the meeting, participants were updated on the latest legislative initiatives and letters of the HCC. In this regard, presents dwelt on status of the Braille font implementation and respective Draft Law of Ukraine on Amendments to the Article 12 |
 of the Law of Ukraine Medical Drugs.During the meeting main attention of participants was drawn to the discussion of the newly adopted CMU Resolution on Amendments to the CMU Resolution on Quality Control of the Medical Drugs Imported in Ukraine No 902 dated 14.09.2005. The main part of the meeting was dedicated to the discussion of the regulatory acts, which are now under the public discussion. Among these, Draft Concept of reforming and development of the system of Medical Drugs Quality Control in Ukraine, Draft CMU Resolution on the Approval of the Procedure of Conduction of Manufacturing Sites Certification and Draft CMU Resolution on the Procedure of the Ban, Stoppage and Withdrawal of Medical Drugs from Circulation were analysed. As a result of the meeting, a set of comments and remarks were developed and agreed by the Subcommittee. Also, the guests of the meeting were informed about the Order of the State Customs Service of Ukraine on Establishment of Customs Check-Point and Amendments to Certain Orders of the State Customs Service of Ukraine No 130. |
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| Asters - Newsletter: Foreign Investments, 3/2010 DLA Piper Ukraine - International Arbitration Newsletter, 3/2010 - International Arbitration: An overview of our practice, 3/2010 - Newsletter, 3/2010 KPMG Ukraine - Royalty Payments, 3/2010 PricewaterhouseCoopers - Flash Report: Taxation of foreign nationals, 3/2010 Salans - Amendments to the Regulations for Disclosure of Information by Issuers of Securities, 3/2010 |
SigmaBleyzer - Ukraine: Macroeconomic Situation, 3/2010 Ukrsibbank Joint-Stock Commercial Innovation Bank - Information Digest, 3/2010 Those interested in getting acquainted with varied experience of our members and reading their analytical reviews, please go here to view all the reports available. If your company would like to have its analytical reviews posted on our website, please do not hesitate to contact the EBA office. |
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| 13-20 March 2010 Francophonie 2010. 3rd Edition Promoting culture and human values 13th – 20th of March International festival organized by Belgium, Canada, France, Romania, Switzerland and their Ukrainian partners and supported by EBA. Cinema, concerts, conferences, exhibitions and many different actions will be held in Ukraine during the Francophonie Week under the patronage of GAITANA, famous Ukrainian French speaking singer. Read more >> 18-21 March 2010 Second European TOCICO conference – “Crises test” The great platform for experience exchange on liquidity and profitability increase is appointed on 18-21st of March 2010  This is the second regional TOCICO conference in Ukraine, CIS and Eastern Europe. The initiator of the Event is the Ukrainian consulting company Apple Consulting® in partnership with TOC Sprendimai (Lithuania) supported by the International certification organization TOCICO (USA). Read more >> 20 March 2010 Ukrainian Forum of the companies from the French-speaking countries Kyiv, the “Radisson Blu” Hotel (22, Yaroslaviv Val) In the framework of the International Day of “La Francophonie“, the Ukrainian Forum of the companies from the French-speaking countries will be held on the 20th of March 2010. Read more >> 24 March 2010 Second Ukrainian Business Summit on Climate Change  United Nations in Ukraine, Global Compact Network Ukraine, «Kommersant» leading business Ukrainian publication under the support of Ministry of Environmental Protection of Ukraine have the honour of inviting you to participate in the 2nd Ukrainian Business Summit «Climate Change: Global Approaches and Local Responses» to be held in Kiev Premier Palace Hotel 24 March 2010. Read more >> 26 March 2010 LOGISTICS 2010: INTERNATIONAL PRACTICE AND MODERN TECHNOLOGIES IN UKRAINE  Read more >> 8 April 2010 Investing in real estate in 2010  April 8, 2010, Kiev, Sagaydachnogo st., 15 Hotel "Rivera", a conference hall |
We invite you to participate in the Property Times Forum 2010: Investing in real estate in 2010. Objective of the Forum: Provide direct dialogue between representatives of the major players in the market of real estate and construction: the state and municipal institutions of Ukraine, architects, developers, investors, developers, lawyers, financiers and leading experts of the market construction and real estate. Read more >> 9-30 April 2010 7th French Spring in Ukraine The French Cultural Institute has launched details of the 2010 French Spring in Ukraine. Running between the 9th and 30th of April 2010, the French Spring programme is to take place in five cities across Ukraine and includes the best contemporary artistic performances. 15-16 April 2010 EuroLawyer 2010: The Third CIS-EU Forum  2010 theme: State and Business – joint development perspectives: PPP, antitrust and privatization, investment protection and disputes, etc).Website: www.elforum.eu/eng/ «EuroLawyer» – annual meeting point for leading CIS and EU lawyers, executives and senior officials. Read more >> 16-17 April 2010 International Visionary Conference “Intro”  EBA together with Lviv Business School of Ukrainian Catholic University would like to invite you to take part in the International Visionary Conference “Intro”, which will take place from 16th until 17th of April, 2010 at the premises of Lviv Business School of UÑU (35a Khutorivka Street, Lviv room 302).Read more >> 24-30 April 2010 IV Ukrainian seminar “Responsible leadership” VICTOR PINCHUK FOUNDATION announces the IV Ukrainian seminar “Responsible leadership” of the Aspen-Ukraine Program - April 24 – 30, 2010 Crimea, Ukraine Successful applicants: achieved considerable results in business, politics, government and public services, science and the arts; are active citizens; open to the search of new meanings, solutions; aged from 30 to 55. Read more >> May 1 - October 31 2010 Expo 2010 Shanghai  Ukraine like the rest of the 200 world countries takes part in the international exhibition Expo 2010 Shanghai, which will be held for 6 months (from May 1 to October 31, 2010). If you know Eiffel Tower in Paris, Crystal Gardens in London or the Space Needle in Seattle, you already know about the World Expo. All these buildings were built for world exhibitions. In 2010, the World Expo will be held in Shanghai (China), and the Chinese government will try to exceed all previous Expo’s, investing over 3 Billion Euros in the construction of new Expocity with total area of 5.28 square. km in the center of Shanghai. Read more >> |
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| The EU expects President Yanukovych not to sign the recently adopted public procurement law The European Union expects Ukrainian President Yanukovych to veto the respective law. After carefully studying it, EU experts came to the conclusion that this law, adopted by Verkhovna Rada on 11 February 2010, is not fully in line with European standards. These concerns were communicated, jointly with the World Bank, to the Presidential Administration. Main concerns not in line with EU standards raised by EU experts are: • the adopted scheme of the appeals review mechanism does not meet key EU requirements of the impartiality and independence - this leads to corruption; • excessively burdensome procurement procedures and too many sectors escape the application of the law - this undermines the transparency Read more >> HR/VP Ashton's visit to the Middle East: Background information on EU relations with the visited countries Egypt is a key partner for the European Union. Because of its history, geographical location, its political and economic weight and constructive international engagement, Egypt is a major partner for the EU in the context of the Mediterranean, the Middle East, and Africa. The relationship between Egypt and the |
EU has intensified after the entry into force of the Association Agreement in 2004 and the adoption of the Action Plan in 2007 guiding its implementation. It paved the way for intensified political dialogue, trade liberalisation and economic and cultural cooperation. Trade volumes have increased substantially since then and creation of a free trade area is in progress. Read more >> Visit of HR/VP Ashton to the Middle East (14-18 March 2010) Catherine Ashton, High Representative of the Union for Foreign Affairs and Security Policy and Vice President of the Commission will visit Egypt, Syria, Lebanon, Jordan, Israel and the Palestinian Territories from 14 to 18 March 2010. In the region Ms Ashton will meet with political leaders, civil society representatives, hold a key note speech in Egypt and meet with representatives of the EUBAM Rafah and the EUPOL COPPS Missions. Prior to her visit, High Representative Ashton said: "The Middle East is a major foreign policy priority for the EU and I am pleased that I can visit the region so early on in my tenure. I will visit Egypt, Syria, Lebanon, Jordan, Israel and the Palestinian territories. After my visit, I will participate in Moscow at the Quartet Meeting." Read more >> |
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| May 2010 The Mansion House Scholarship Scheme in Ukraine: Opportunity to go on a business attachment to the City of London  |
The Mansion House Scholarship Scheme exists to fund students or young business executives from overseas to travel to the United Kingdom to study or to undertake training or work experience in the Financial Services Sector. The Scheme was established by a previous Lord Mayor of the City of London in 1997/98. The aim of the Mansion House Scholarship Scheme is to attract the brightest and best from the financial services sector or Government Ministries in countries which have strong links with the UK financial services sector and in particular with the City of London, with a view to long term benefit to both sides. Further details of the Scheme can be found here. Read more >> |
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| 10 March 2010 Small businesses are urged: “Aim for more than just survival in 2010” - ACCA research lifts the lid on finance professionals’ advice to small businesses Most finance professionals believe that survival can no longer be the only objective for small businesses, according to new research by ACCA (Association of Chartered Certified Accountants). In spite of, or perhaps because of, the extremely sharp downturn in 2009, finance professionals in Central and Eastern Europe were more likely to urge clients to be competitive than those in any other region, the research found. Read more >> 10 March 2010 Joint-Stock Company “PLASKE” organizes “Vocational training for International Freight Forwarders (FIATA diploma)” Course Joint-Stock Company “PLASKE” at the request of and under the general program of FIATA National Members – “Association of International Freight Forwarders of Ukraine” AIFFU and Association of Freight Forwarding Organizations of Ukraine “UKRZOVNISHTRANS organizes “Vocational training for International Freight Forwarders (FIATA diploma)” Course. Read more >> 10 March 2010 Sayenko Kharenko shortlisted for Chambers Europe Awards for Excellence 2010 Chambers Europe Awards for Excellence honor the best law firms in 21 European jurisdictions and reflect notable achievements over the past 12 months, including outstanding work, impressive strategic growth and excellence in client service. The winners will be announced on Thursday, May 20, 2010 at the Grosvenor House Hotel in London. Read more >> 3 March 2010 Audit committee oversight to intensify as government intervention and regulatory risks increase Evolving tax changes, intensifying competition-law enforcement and fraud-related risk management are all key issues set to move up the audit committee agenda over the coming few years, as authorities move to implement measures agreed at the influential G20 meeting in September 2009. Read more >> 11 March 2010 Telesens triumphs in a year of crisis Telesens, the European supplier of billing systems and end-to-end customized solutions with a development centre in the Ukraine, has successfully closed the 2009 financial year with 27 new agreements with its customers for implementation, services and added functionality to its own product line. Read more >> |
11 March 2010 Calyon becomes Credit Agricole Corporate and Investment Bank 8 February 2010. From February the 8th, 2010, Calyon is changing its name to become Crédit Agricole Corporate and Investment Bank. This new brand reflects the Credit Agricole Group’s commitment to bringing all its business lines together under the Crédit Agricole banner. Moreover, it is intended to strengthen international recognition of the Crédit Agricole brand and its business lines. Read more >> 11 March 2010 The Sixth Ukrainian International Educational Fair ‘Education Abroad’ - UIEF 2010 ‘Domar Education Travel’ education agency is happy to invite you to the sixth ‘Education Abroad’ international exhibition. Learn about educational institutions around the world, new trends and programmes from well-known educational experts. Read more >> 12 March 2010 ILF has scored advisory role for Agroliga Group in private placement on the Warsaw Stock Exchange ILF has been appointed a legal advisor to Agroliga Group of Agricultural Companies in connection with the group’s anticipated private placement offering on NewConnect, an alternative financing and trading platform of the Warsaw Stock Exchange (WSE). Read more >> 12 March 2010 Significant M&A transaction in Ukraine CMS Cameron McKenna LLP are pleased to announce that the Kyiv office has successfully closed one of the most significant M&A transactions in Ukraine to date this year. The firm advised Nestle S.A. (Switzerland) on a transaction to acquire Technocom LLC (via a purchase of 100% of its Cypriot holding company). Technocom is the largest producer of dehydrated culinary in Ukraine under the Mivina brand. Read more >> 12 March 2010 ILF courts victory for a big bank in the long-running UAH 29 mln debt collection lawsuit ILF attorneys have secured a court victory for a big bank which will receive UAH 29 mln as a debt recovery. The litigation turned out to be long-running and complicated since the debtor tried to annul the loan agreements and agency contracts, disputing and delaying proceedings in the case. Consequently, besides the main case, the firm’s advisors handled three more cases on invalidation and termination of the agreements. ILF team representing the bank’s interests in the court was led by partner Oleksiy Kharytonov and included attorneys Olena Khytrova, Anna Gebeleva, and Dmytro Lazebny. Read more >> |
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