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Amendments to Ukrainian tax legislation introduced a special economic zone created to support the development of the processing industry in certain areas of Lugansk, Lviv, and Donetsk regions.
Ethelbert Trading Limited, a company of Andriy Ivanov, acted as the buyer. The transaction will be effected in several stages. Final settlements between the parties are expected by mid-2026. At the same time, UDP development company will continue to work on ongoing projects.
Mykyta leads the firm’s competition practice and has an outstanding track record in all aspects of competition & antitrust law, involving merger control, concerted practices, abuse of dominance, state aid, unfair competition, and competition litigation. Mykyta is also highly praised for successfully representing clients in international arbitration and cross-border litigation.
We are proud to have advised on another landmark state privatisation in Ukraine that opens the opportunity for large investments into the country’s economy. We also welcome the positive decision of the regulator based on the results of the application review.
The ranking honoured AVELLUM for its exceptional work on both merger control and dispute resolution matters.