Asters has represented MHP before the Antimonopoly Committee of Ukraine in a merger-control investigation that the AMC closed without finding any violations.
CMS Advises EBRD on USD 25 Million Financing for Varus Group
CMS has advised the European Bank for Reconstruction and Development on a USD 25 million senior loan to Ukrainian food retailer Varus Group.
Expanding PPPs Reach in Ukraine: A Buzz Interview with Anna Pogrebna of Integrites
Ukraine has seen a wave of developments, with new laws, shifting investor behavior, and sector dynamics shaping the real estate, construction, and infrastructure space, according to Integrites Partner Anna Pogrebna.
Mineral Deal Update: Ukraine Launches PSA Tenders for Two Oil & Gas Blocks
On 13 August 2025, the Ukrainian Government announced competitive tenders for the conclusion of Production Sharing Agreements (PSAs) concerning two oil and gas blocks in Western Ukraine: the Svychanska and Mezhyhirska blocks. These tenders are conducted in accordance with the Law of Ukraine "On Production Sharing Agreements" and in alignment with the U.S.-Ukraine agreement establishing the Reconstruction Investment Fund — commonly referred to as the Mineral Deal.
Law on Special Legal Regime for Defence Industry Enterprises “Defence City” Has Been Adopted
On 21 August 2025, the Parliament of Ukraine adopted a package of draft laws introducing a special legal regime for defence industry enterprises, known as Defence City.
Sayenko Kharenko Advises IFC on EUR 50 Million Risk-Sharing Facility for OTP Leasing
Sayenko Kharenko has advised the International Finance Corporation on a risk-sharing facility for OTP Leasing in Ukraine, under which IFC will share half the risk on an aggregate portfolio of EUR 50 million.
Integrites Advises Cohen Circle on Kyivstar SPAC Combination and Nasdaq Listing
Integrites, working alongside Morgan, Lewis & Bockius, has advised Cohen Circle Acquisition Corp. I on its business combination with JSC Kyivstar, resulting in Kyivstar’s listing on the Nasdaq Stock Market under the KYIV ticker.
The Ukrainian Parliament Takes the First Step Towards Improving Competitive Conditions for Electricity Generation from Renewable Sources
On 21 August 2025, the Parliament of Ukraine adopted a draft law No. 13219 as a basis, which proposes to improve competitive conditions for electricity production from alternative energy sources. The document aims to reform the auction model for supporting green electricity producers, which was introduced in 2019 and will come into effect in 2024 as an alternative to the green tariff.
Ukraine Announces Two Oil and Gas PSA Tenders
On 13 August 2025, the Cabinet of Ministers of Ukraine (CMU) approved tenders for production sharing agreements (PSA) and the respective conditions for two oil and gas blocks:
Ukraine Reinstates the Running of Statue of Limitations
On 4 September 2025, Law of Ukraine “On Amendments to the Section “Final and Transitional Provisions” of the Civil Code of Ukraine Concerning Renewal of the Limitation Period” No. 4434-IX (“Law”), will enter into force.
Asters Represents Lina Kostenko in Copyright Dispute over Planned Poetry Events in Ukraine
Asters has represented Ukrainian writer and poet Lina Kostenko in a copyright matter concerning planned poetry concerts in Lviv and Kyiv.
Overview of the Law on Factoring: New Opportunities for Business Financing in Ukraine
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.
Redcliffe Partners Advises IFC on USD 40 Million Financing for Soy Protein Concentrate Plant in Ukraine
Redcliffe Partners has advised the International Finance Corporation on a loan of up to USD 40 million to Astarta to finance the construction of a soy protein concentrate plant in Ukraine. Allen Overy Shearman Sterling and Gedik & Eraksoy reportedly advised the borrower.
Avellum Advises Ukraine’s Ministry of Finance on GBP 1.7 Billion UKEF-Guaranteed Defense Facility
Avellum has advised the Ministry of Finance of Ukraine on a defense financing facility of up to GBP 1.7 billion guaranteed by UK Export Finance.
Energy in CEE: Past, Present, and Future
With the accelerating push for decarbonization and the growing focus on energy security and sustainability, RRH Legal Managing Partner Indir Osmic and CMS Romania Partner Varinia Radu discuss national and regional developments, investor sentiment, and the key trends shaping the CEE energy sector.
The Debrief: August 2025
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
Full-Scale Launch of the e-Consul System: A New Digital Era of Consular Services Abroad
The "e-Consul" information and communication system is one of the key pillars of Ukraine’s digital transformation in the field of consular services for its citizens abroad. The legal basis of the system is Resolution No. 945 of the Cabinet of Ministers of Ukraine, which came into full force on 01 January 2025. It defines the core stages of the system’s rollout, aimed at automating the majority of consular procedures and significantly reducing service time through integration with national registries.
Ukraine’s Energy and Infrastructure: Unlocking Strategic Investment Opportunities in the Post- War Era
Over the last two years we are witnessing how Ukraine’s energy and infrastructure sectors have transformed. The war has brought unprecedented challenges — but it has also created an historic opportunity to rethink, rebuild, and realign Ukraine’s economy in ways that were unimaginable even five years ago. Today, Ukraine is not simply rebuilding; it is positioning itself as a strategic gateway to the European Union and a laboratory for innovative investment models.
