LATEST NEWS

May 26, 2017

INTEGRITES has won USD-multimillion arbitration at the ICAC at UCCI

INTEGRITES successfully represented the interests of the Ukrainian respondent in a dispute with one of the largest Russian companies in the chemical industry for over USD 14,5 million. The Russian claimant filed multi-component claims to the Interna…

Dentons advised Ingenico Group

Dentons’ Kyiv office acted as legal counsel to Ingenico Group, the global leader in seamless payment, on the acquisition of the payment activities business of Bancomzvjazok JSC (BKC) through the purchase of 100% of the shares in a newly created lega…

May 25, 2017

Trusted Advisors together with the prosecutor's office returned the Heavenly Hundred Square to the city of Kyiv

On 23 May  2017, a court session of the Kyiv Economic Court of Appeal was held in the case of the return to the state ownership land on Mykhailivska Street 26, where the public organization Misto Sad created a Heavenly Hundred Square. During…

 

CURRENT ISSUE (May 2017)

In focus – Intellectual Property

Intellectual property (IP) plays a strategic role in companies’ assets portfolios. It drives dealmaking activity like M&A, and shapes the innovation landscape. It is an eminent reality around the world that business is relying increasingly on investment in intangible assets. IP ensures a return on investments, and naturally IP rights owners seek protection. When a country becomes lucrative for the expansion of big multinationals, the role of its IP regulation grows, while the subsequent demand from the outside world anchors these commitments.

 

Expert Opinion

Coming IP Courts: the Devil is in the Procedure

Olena Vardamatska

It is both exciting and challenging to observe the birth of the IP court system in Ukraine. Introduction of specialized courts brings hope both to IP lawyers and right holders that litigation on IP issues will turn from a nightmare into stories with happy endings. Still, aspirations are of little help in resisting statutory uncertainty, taking into account that new laws must be adopted or existing changed to implement IP courts. Though realizing the creativity of MPs and ability to turn a perfect engine into a bicycle, the enthusiasm of lawyers is much to the ground.

In Re

Intellectual Property Transactions on Public-Private Partnership Projects

Anton Zinchuk

The first public-private partnership (PPP) projects started in Ukraine at the beginning of the 1990s. At that time the newly-established Ukrainian state felt a significant lack of special regulation in the PPP area and relations between the state and business were governed by general legislation: the Civil Code of Ukrainian Soviet Social Republic of 18 July 1963 No. 1540-VI, the Law of Ukraine On Property of 7 February 1991 No. 697-XII and other laws adopted by the state of Ukraine and the former USSR.

 

Practice of Domain Name Disputes in Ukraine

Andrii Slobodeniuk

Basically, every significant investor aiming to invest in business in Ukraine thoroughly examines the national legal environment. More recently, with the development of Internet technologies, the separate attention should be paid inter alia to the law of intellectual property. Relevant case law shows many examples when foreign entrepreneurs face obstacles in the registration of domain names that correspond to trademarks. In particular, the domain name may be already taken and put up for sale, exceeding its actual price by several times.

 

News

Deals

Asters advised EBRD on USD 3 million loan to Ecosoft

Redcliffe Partners supported EBRD in launch of renewable energy generation plant

Asters — legal counsel to ED&F Man

Metinvest B.V. completed USD 2.3 billion debt restructuring

CMS advised on one of CEE’s largest ever restructurings

Cases

NBU decision on Financial Initiative bank’s insolvency declared illegal

Pechersk District Court arrested Ukrtelecom shares

OJSC Ostankino Dairy Combine bankruptcy

ECHR obliged Russia to pay EUR 3 million to relatives of Beslan victims

Draft

New automated system to control turnover of excisable tobacco and alcohol goods

Certification of Energy Performance of Buildings

Draft Law on electronic money transfer

Commercial accounting for public utilities

Law Digest

Model form of anti-corruption program for public procurement participants

Process to liquidate unprofitable mines improved

National Bank permitted withdrawal of dividends for 2016

Parliament allowed reorganization of medical institutions into companies

Parliament adopted draft law on electricity market

Biznews

Transportation

Railway-ferry service between Ukraine and Georgia

Visa Policy

Visa abolition

M&A

Ukraine’s M&A report released

21st Century Fox takes over Sky

Deal between MasterCard and VocaLink

Energy

Memorandum on possible cooperation between Naftogaz, Eustream and Snam

Finance

Project Urban Public Transport in Ukraine

IT

Cabinet of Ministers signed memorandum with Bitfury, Blockchain Company

AMCU

AMCU considers case against LLC Nova Poshta International

 

Chamber News

Chamber Survey on the Effectiveness of Ukrainian Railway Activities in 2016

Chamber Survey on the Effectiveness of Ukrainian Railway Activities in 2016

The American Chamber of Commerce in Ukraine conducted among its Member Companies a survey on the effectiveness of Ukrainian Railways activities in 2016. On the basis of the results, 54% of respondents believe that conditions in the railway freight transportation sphere worsened in 2016. In addition, 61% of respondents assess Ukrainian Railway measures in the fight against corruption as ineffective.

Cover Story

IP Acceleration

The evidence suggests that the protection of intellectual property rights is that very unique practice area that is less sensitive to crisis and is a benchmark of a country’s economic culture.

Reform of Ukrainian intellectual property rights may bring lots of changes for business community and IP professionals.  Mariya Ortynska, director of IPStyle Patent Law Company is certain that IP lawyers will definitely have more professional challenges and new work with the coming legislative novelties. We met with her so as to take a wider look at the Ukrainian IP market and ongoing regulatory changes, their impact on IP rights protection and enforcement, as well as the international perception of Ukraine. After an intense conversation with her we came away persuaded that efforts on IP right protection are being sped up.

Argument

Ukrainians Arguing Before the European Court of Justice: Options, Difficulties & Potential Outcomes

Pavlo Byelousov, Oleksandr Zablotsky

The European Union (EU), often defined as a supranational organization, has an increasingly complex and influential legal order. Its rules mostly deal with the European Single Market, but also spam to other areas such as justice and security, foreign policy and social welfare. Importantly, EU law also has increasing importance for EU neighbors, which often commit to follow the EU law under international agreements (e.g. association agreements) in exchange for increased access to the EU Single Market.

Hot Issue

Access to English Courts for Interim Measures under Threat?

Yelyzaveta Kovalska

The High Court of England and Wales (the Court) by its recent judgment in Gerald Metals SA v Timis [2016] EWHC 2327 (Ch) refused to grant injunctive relief on the basis that emergency arbitration procedure was available to the applicant. This approach, if further upheld, raises concerns that the ability of English courts to grant injunctions in support of arbitration might be severely restricted where the emergency arbitration procedure is available to the parties in accordance with arbitration rules.

Crux

Legislative Update

Over the course of last month our team monitored legislative initiatives and changes that may be of particular interest. We asked experts to give us their hands-on comments. Particularly on our radar are the parliamentary initiatives on reorganizing healthcare institutions into state and municipal non-commercial enterprises, promoting alternative energy sources and introducing commercial accounting of utility services. The month was also rich in Government resolutions, such as the new procedure for the establishment and operation of independent supervisory boards in state companies and introduction of the drugs reimbursement mechanism. Of course, it is important to note novelties from the National Bank of Ukraine.

 

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