Practices

Energy & Natural resources

Overview

Avellum has legal expertise, experience and resources to provide comprehensive and complete legal advice on all matters of energy and natural resources projects. Our lawyers help clients identify, assess and manage project-related risks. We understand our clients’ needs and deliver pragmatic, commercially driven, elegant solutions.

Ukraine’s energy and natural resources sectors are fast-growing, complex, and heavily regulated. They are affected by frequent crisis situations and significant political pressure. When opportunities arise, we help our clients identify and manage associated risks and implement their projects promptly and efficiently.

Our experience

Our specialist knowledge of the regulatory and political climate in which our clients operate, coupled with our local know-how and transactional and dispute resolution capabilities, enables us to deliver pragmatic, commercially driven, and elegant solutions.

Our areas of expertise include:

  • renewable and conventional power industry (generation, transmission, distribution, supply and trading);
  • oil and gas (upstream, downstream and midstream);
  • other fossil fuels, metals and non-metal minerals; and
  • energy efficiency

Our lawyers actively participate in various legislative initiatives developed by governmental authorities and major industry associations. This allows us to be at the forefront of the legislative and regulatory change, and consequently, we are able to foresee the challenges our clients may face in the future. We have a reputation for working in highly specialized teams and providing exceptional transaction support.

We acted for and across the table from the leaders of the industry, including DTEK, the largest private energy group in Ukraine, Ukrenergo, a transmission system operator in Ukraine, CNBM, one of the largest investors in Ukraine’s renewable energy sector, Ferrexpo, one of the biggest suppliers of iron ore globally, Metinvest, a leading vertically-integrated metallurgy group in Ukraine, Naftogaz, the state-owned oil and gas monopoly, Ukrnafta, the largest oil company in Ukraine, Donetsksteel, a leading producer of coking coal in Ukraine.

Key experience

Sale of a stake in renewable energy projects to Elementum Energy, the largest international renewable energy producer in Ukraine

Legal advisor to one of the sellers

Acquisition of 70% stake in the Zavallivskyi Graphite Group

Legal advisor to Volt Resources Limited

Debt restructuring under the two inter-conditional English schemes of arrangement for DTEK Energy B.V. and DTEK Finance PLC

2

Bln USD

Legal advisor to DTEK Group

Sale to VR Capital Group of 50% stake in a holding company and establishment of a joint venture between ICU and VR Capital Group

19

Min USD

Legal advisor to Investment Capital Ukraine

Sale of shares in the holding company to Scatec Solar

Legal advisor to SM Invest Construction B.V.

Due diligence of energy assets in connection with exchange offer of Eurobonds

200

Mln USD

Legal advisor to DTEK

Establishment of a joint venture with VR Capital Group to develop a 34.75 MW photovoltaic solar power plant

Legal advisor to Investment Capital Ukraine

Pre-export finance facility

350

Mln USD

Legal Advisor to Ferrexpo AG

Show all key experience

Related materials

Legal alerts

UKRAINE INTENDS TO CHANGE FEED-IN TARIFF INCENTIVE SCHEME

On 15 June 2020, Ukrainian Government submitted draft law No. 3658 “On the Amendments to Certain Laws of Ukraine on the Improvement of Support for the Production of Electricity from Alternative Energy Sources” (“Draft Law”) for consideration by the Ukrainian Parliament.

Posted on July 6, 2022

Newsroom

IS UKRAINE THE FUTURE HYDROGEN VALLEY?

Over the past years, Ukraine expressed its intention to step on the energy transition pathway, develop energy efficiency measures, phase out fossil fuels, and switch to renewable energy sources (RES). The development of green hydrogen production (based on electrolysis of water using renewable electricity) is part of the chosen direction. Therefore, the Ministry of Energy […]

Posted on July 6, 2022

Newsroom

FUNDING THE GREEN TRANSITION: GREEN BOND OPPORTUNITIES IN UKRAINE

Sustainable energy finance is one of the most promising sectors in Ukraine. Significant policy reforms are underway in Ukrainian energy markets, and much has already been done to create a market opportunity for sustainable energy finance in Ukraine and reach the national targets established by the Energy Strategy of Ukraine until 2035 – in particular: […]

Posted on July 6, 2022

Newsroom

AVELLUM REMAINS THE ONLY UKRAINIAN LAW FIRM RANKED HIGHEST IN CORPORATE FINANCE BY CHAMBERS GLOBAL AND EUROPE 2021

Chambers Global and Europe acknowledges AVELLUM’s “excellent reputation, goal-focused attitude, outstanding track record, ingenuity, and very creative solutions” and recommends AVELLUM in 8 practice areas.

Posted on July 6, 2022
Chambers and Partners, a leading global legal directory, highly ranked AVELLUM in its 2021 Global and European guides. Chambers ranks AVELLUM for 10 consecutive years. According to Chambers Global and Europe 2021, AVELLUM remains the only Ukrainian law firm ranked in the highest Band 1 in all Corporate Finance practices researched by the Chambers: Banking and Finance, Corporate/M&A, and Restructuring and Insolvency. Chambers Global and Europe acknowledges AVELLUM’s “excellent reputation, goal-focused attitude, outstanding track record, ingenuity, and very creative solutions” and recommends AVELLUM in 8 practice areas: Band 1 – Banking and Finance, Corporate/M&A, Restructuring and Insolvency Band 3 – Employment, Tax, and Real Estate Band 4 – Competition/Antitrust and Energy and Natural Resources We are immensely proud of the individual recognition of our lawyers in 2021 rankings: Senior partner Glib Bondar: Band 1 in Banking and Finance and Restructuring and Insolvency Partner Vadim Medvedev: Band 3 in Tax Partner Yuriy Nechayev: Band 2 in Corporate/M&A Managing partner Mykola Stetsenko: Band 1 in Corporate/M&A Partner Maksym Maksymenko: Up and Coming expert in Real Estate Counsel Mykyta Nota: recommended in Competition/Antitrust When estimating the firm’s projects' complexity, Chambers and Partners closely looks into clients' and peers' feedback. We are deeply grateful to our clients for their consistently positive feedback over the years and for entrusting us with the most challenging and sophisticated deals in Ukraine. Chambers and Partners is an independent research company operating across 200 jurisdictions delivering detailed rankings and insight into the world's leading lawyers.

News

AVELLUM IS HIGHLY RANKED IN 21 PRACTICES BY UKRAINIAN LAW FIRMS 2020

AVELLUM’s recognition in 2020 now extends to 21 researched practices, in 6 of them AVELLUM leads the market. 8 lawyers of AVELLUM were listed as leading individuals or notable practitioners.

Posted on July 6, 2022
Traditionally strong position of AVELLUM in the Ukrainian legal market was reconfirmed by the 2020 edition of the Ukrainian Law Firms. A Handbook for Foreign Clients by Yuridicheskaya Praktika. AVELLUM’s recognition in 2020 now extends to 21 researched practices, in 6 of them AVELLUM leads the market. AVELLUM is a leading firm in Ukraine in: Agribusiness (#1) Banking and Finance, Debt Restructuring (#1) Capital Markets (#1) Corporate and M&A (#1) International Trade: Commodities (#1) Private Clients: Wealth Management (#1) International Arbitration Real Estate, Construction, Land Tax: Consulting Tax: Litigation AVELLUM’s Antitrust and Competition, Domestic and Cross Border Litigation, Energy and Natural Resources, Family Law, Infrastructure, Intellectual Property, IT, Labour and Employment, Telecommunications and Media, Transfer Pricing, and Transport: Shipping are recognised as the established practices in the Ukrainian market. All partners of AVELLUM were recognised as leading individuals in their practices: Glib Bondar — leads the ranking in Banking and Finance for 5 years in a row. Glib is named the market leader in Debt Restructuring and Capital markets Mykola Stetsenko — on top of the ranking in Corporate and M&A for 6 consecutive years Vadim Medvedev — a TOP 5 lawyer in Tax: Consulting Yuriy Nechayev — a TOP 5 lawyer in Corporate and M&A A number of our lawyers were listed as notable practitioners: Vadim Medvedev, partner — Domestic litigation, Tax: Litigation, Transfer Pricing, Wealth Management Mykola Stetsenko, managing partner, and Maksym Maksymenko, counsel — Real Estate, Construction, Land Yaroslav Medvediev, of counsel — Antitrust and Competition Anton Polikarpov, counsel — Intellectual Property Andriy Romanchuk, counsel — Corporate and M&A Congratulations to our colleagues from AGA Partners who share the Ukrainian Law Firms recognition with us in Agribusiness, Family law, International trade: Commodities, International Arbitration, Maritime and Shipping practices. Ukrainian Law Firms. A Handbook for Foreign Clients publication annually presents the key sectors of Ukrainian law and leading law firms operating in the Ukrainian market.

Newsroom

COVID-19: IMPACT ON UKRAINIAN RENEWABLES SECTOR

2019 was a very successful year for Ukrainian renewables industry attracting around €3.7 billion of investments (as reported by the State Agency on Energy Efficiency). However, the COVID-19 pandemic may have an adverse effect on this industry as well. Below are some initial high-level observations on how the current situation may affect Ukrainian renewables market […]

Posted on July 6, 2022

Key contacts

GLIB BONDAR

Senior Partner

gbondar@avellum.com

MAKSYM MAKSYMENKO

Partner

mmaksymenko@avellum.com

Team

YURIY NECHAYEV

Partner

ynechayev@avellum.com

OLEKSII MASLOV

Counsel

omaslov@avellum.com

DARYNA MYKHAILENKO

Senior Associate

dmykhailenko@avellum.com

ROSTYSLAV MUSHKA

Associate

rmushka@avellum.com

MARIANA VEREMCHUK

Associate

mveremchuk@avellum.com

Practices

Compliance and Internal investigations

We provide compliance advice, build up compliance programs and policies, conduct internal investigations, ensure data protection, and compliance to anti-bribery rules.

Practices

Antitrust

We provide comprehensive advice on Ukrainian competition law. From merger control and antitrust investigations to state aid & competition litigation – we can deal with any competition issue you have encountered.

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