Industries

Energy & Natural resources

Over the past years, we have been involved in significant transactions in the energy sector and have continuously advised on various issues in all areas of energy law. Ukraine’s energy and natural resources sectors are rapidly growing, complex and heavily regulated. We help our clients promptly and efficiently implement their projects and identify and manage all associated risks.

Our approach

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. We focus on transaction-related and regulatory matters covering every category of the energy and natural resources markets: extraction, generation, transmission, distribution, supply and trading. We advise leading energy companies, project developers and contractors, foreign and local investors, international financial institutions and banks.

Energy

Ukraine’s energy sector is fast-changing and has the potential for rapid growth. In close cooperation with our clients, we step on the energy transition pathway, develop energy efficiency measures and switch to renewable energy sources. We provide our clients with comprehensive legal support based on future-proof, pragmatic, and commercially driven solutions for all aspects – whether conventional or renewable energies, domestic and cross-border M&A, restructuring, financing of major projects or grid operations.

Natural resources

We regularly handle projects in the mining sector. Our clients are Ukrainian mining businesses involved in extracting all types of metal and non-metal minerals. We regularly advise international investors and lenders interested in Ukraine’s mining sector. Our goal is to offer commercially driven solutions that allow our clients to succeed in a volatile legal and regulatory environment.

Our clients

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

Acquisition of 70% stake in the Zavallivskyi Graphite Group

Legal advisor to Volt Resources Limited

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

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

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 63.8 MW solar power plant

Legal advisor to Investment Capital Ukraine

Show all key experience

Related materials

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UKRAINE INTENDS TO CHANGE FEED-IN TARIFF INCENTIVE SCHEME

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Posted on August 11, 2022

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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 August 11, 2022

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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 August 11, 2022

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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 August 11, 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.

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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 August 11, 2022

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CHANGES TO FEED-IN-TARIFF. TREAT WITH CAUTION

Since mid-2019 Ukrainian authorities have been bringing to public fora various suggested amendments to Ukrainian “green” (feed-in) tariff framework. The most recent proposal from the Ministry of Energy and Environmental Protection mentioned creating an option with voluntary 5-25% reductions to the existing tariffs simultaneously with prolongation of their lifespan. These moves by the Ukrainian government […]

Posted on August 11, 2022

Key contacts

GLIB BONDAR

Senior Partner

gbondar@avellum.com

VADIM MEDVEDEV

Partner

vmedvedev@avellum.com

Industry

Banking and Financial institutions

With in-depth knowledge and extensive experience, we are perfectly placed to render top-notch legal service, helping our clients navigate their way through this challenging environment.

Industries

Real estate

We have continuously been closely involved in various social and economic projects due to our wide range of expertise.

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