Despite the ongoing war and significant challenges, the Ukrainian legal framework continues to encourage an open and flexible investment environment. Specifically, it expressly recognizes a wide variety of investment forms and ways to repatriate investments. Below we summarize the current status of capital control rules as they apply to the key types of investment instruments:

Savoric & Partners has advised Koncar Group subsidiary Koncar-Digital on its acquisition of a majority stake in Croatian IT company Neos. Mamic Peric Reberski Rimac and Kinstellar-affiliated Zuric i Partneri reportedly advised the sellers.

Kinstellar has advised E.ON on the sale of its wholly owned subsidiary Gas Distribution to GasNet. Skils reportedly advised GasMet.

Defence City is a special tax and legal regime that provides a number of benefits and easements for companies working in Ukraine’s defence industry.

Iustinian Captariu has become the new Kinstellar Office Managing Partner in Bucharest, taking over from Partner Victor Constantinescu, who has led the office for six years.

Former Esin Attorney Partnership Partner Koray Sogut has joined Kinstellar as a Partner in Istanbul.

The Law of Ukraine "On Factoring" No. 4466-IX (the "Law"), dated 3 June 2025, introduces a comprehensive update to existing laws governing factoring. The goal of the Law is to align Ukrainian regulations with best international standards and to establish a modern, digital, and transparent model for interaction in the receivables financing market through the assignment of monetary claims.

August 2025 – On 30 July 2025, the President of Ukraine signed Law No. 7508, aimed at optimising the mechanism for attracting private investment into post-war infrastructure recovery efforts through public-private partnerships (PPPs). The law, save for a few exceptions, will come into force three months after its official publication.

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 asked: What is the ratio between business development activities and billable hours for Partners within your team, on average?

As we pass the halfway mark of 2025, we asked Partners across the region to identify their hottest practice so far this year, explain the driver behind that surge, and share whether they expect the momentum to continue. Czech Republic-based PRK Partners Associate Partner & Head of AI and Digital Practice Daniel Vejsada, Georgia-based PwC Legal Director and Head of Legal Practice Vano Gogelia, Ukraine-based Avellum Partner and Head of Defense and Miltech Andriy Romanchuk, Bulgaria-based Schoenherr Office Managing Partner Alexandra Doytchinova, and Serbia-based Kinstellar Special Counsel and Co-head of the firm-wide Competition & State Aid service line Olga Sipka give us their take.

As Ukraine grapples with geopolitical upheaval and economic uncertainty, private dispute-resolution mechanisms have emerged as vital alternatives to an overburdened court system. Kinstellar Partner Olexander Martinenko and Managing Associate Danylo Volkovetskyi explore recent legislative reforms, market fragmentation, wartime influences on institutional uptake, and the shifting preferences of businesses and state enterprises toward arbitration and mediation.

On 16 July 2025, the Government of Ukraine adopted Resolution No. 902, which establishes a procedure for the production, procurement, and supply of explosives and ammunition (the "Procedure"). The Procedure will remain in effect for the duration of martial law and for 12 months following its cancellation or termination.

On 6 – 7 August 2025, a new package of changes to currency restrictions in Ukraine came into force. The National Bank of Ukraine (the "NBU") introduced currency restrictions in February 2022, following the onset of Russia’s full-scale invasion.

Kinstellar, working with Addleshaw Goddard, has advised Phoenix Equity Partners Limited on its acquisition of FutureMeds, including subsidiaries in Bulgaria and Ukraine. DLA Piper reportedly advised the sellers.

Dentons has advised the Board of Directors of Purcari Wineries on the RON 604 million public takeover bid launched by Maspex Romania. Schoenherr advised the founders of the winery. CMS, working with Turcan Cazac and Georgiades & Pelides, advised Maspex. Norton Rose Fulbright advised PKO Bank Polski on a loan facility to Maspex Romania to support the acquisition.

Kinstellar has advised Odine Solutions on its acquisition of a 53.03% stake in Logate.

Kinstellar has advised East Grain on its acquisition of a 90% stake in Maragro Group.

Kinstellar has advised Halyk Bank on a USD 237 million partnership with Click. Dentons reportedly advised Click.