Ukraine - Restructuring/Insolvency Lawyers & Law Firms - Europe - Chambers and Partners
Chambers & Partners has detected the use of an ad blocker.
We make use of tailor-made ads to enhance your experience of our website.
Please 'whitelist' https://www.chambersandpartners.com.
Close
Europe Guide

Restructuring/Insolvency — Ukraine


Avellum - Restructuring/Insolvency Department

-

Band 1

第一等

Chambers Commentary (based on the Chambers research)

What the team is known for Market-leading team with strong experience in landmark restructuring mandates, including the restructuring of the sovereign debt of Ukraine. Regularly advises on high-profile and large-scale restructurings of finance and capital markets instruments. Also advises on liability management and has experience of insolvency-related matters. Represents creditors and borrowers, acting for domestic and international companies, financial institutions and government bodies. Regularly advises on cross-border matters in co-operation with international law firms.

Strengths The team is praised for its solution-oriented and proactive approach. "They show all the risks we do not even think about and try to help the client. They advise on the best option, even on what does not fall under the scope of their work," enthuses one source.

Another source commends its "superb understanding of how to get things done in the context of constantly evolving laws and regulations in Ukraine."

The department also attracts praise for its know-how. One commentator says: "They have good local insight into the business and regulatory environment, particularly in distressed debt."

Work highlights Advised a group of bondholders on the Ukrainian aspects of the restructuring of Metinvest's USD2.3 billion debt under its guaranteed notes and pre-export finance loan facilities.

Acted as Ukrainian counsel to bondholders of DTEK regarding the USD1.27 billion restructuring of notes as part of ongoing debt restructuring of DTEK.

Notable practitioners

Glib Bondar wins widespread acclaim, with sources describing him as a "very commercially-minded" practitioner who is "tough and pragmatic" and "very responsive." He is a top banking, finance and capital markets lawyer who acts on some of the market's most complex debt restructuring instructions. He particularly stands out for his experience of advising on sovereign debt. One commentator acknowledges: "He is able to distil the ever-changing legal landscape into something I can understand."

About the Team (content provided by Avellum)

We have been involved in many of the most challenging, ground-breaking and high-profile Ukrainian debt restructurings.

Our expertise covers: 

  • debt restructuring 
  • distressed financing 
  • reschedulings 
  • formal insolvency proceedings
  • debtor advisory work

We regularly advise all types of Ukrainian debtors in difficulties, from corporate to sovereign and quasi-sovereign, as well as individual and groups of creditors on issues such as how to minimise risk or achieve the optimum outcome from a financing and restructuring situation, either consensual or more adversary. Because we work regularly for lenders and borrowers, we can see the very complex and often messy process of debt restructurings from every angle.

Our extensive experience in the fields of tax, corporate law and dispute resolution make our advice in debt restructurings comprehensive and valuable.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Sayenko Kharenko - Restructuring/Insolvency Department

-

Band 1

第一等

Chambers Commentary (based on the Chambers research)

What the team is known for Top-tier team, renowned for its track record in complex debt restructuring and financing mandates, acting on behalf of both lenders and creditors. Boasts expertise in the restructuring of loans as well as Eurobonds. Also advises on the acquisition of distressed loans. Experienced in handling multi-jurisdictional projects.

Strengths The team is commended for its problem-solving skills. One source remarks that they chose to engage the firm "because of their solutions," adding: "They managed to come up with a solution and persuade other parties that it was the best choice."

The department is seen as a go-to firm for mandates in the banking sector, with one source saying: "Sayenko Kharenko is particularly good for banking-related issues."

Work highlights Advised DTEK Finance on the restructuring of USD1.27 billion Eurobonds issued by DTEK.

Notable practitioners

Nazar Chernyavsky is a well-regarded banking, finance and capital markets lawyer with extensive experience in high-stakes debt restructuring, including mandates involving financial and capital markets instruments. He is described as "very smart and pleasant" as well as someone who is "always a pleasure to talk to" and who "gets the result." He recently led the team advising DTEK Finance on the restructuring of USD1.27 billion Eurobonds issued by DTEK.

Counsel Anton Korobeynikov is recognised for his "very active" market presence, advising on the firm's biggest restructuring projects. One source describes him as "very pleasant and smart" and a "rising star."

About the Team (content provided by Sayenko Kharenko)

Following increased activity in international financial markets and the subsequent financial crisis in 2008, Ukrainian businesses faced the need for sophisticated workout solutions. As one of the most involved legal advisors on complex finance deals, Sayenko Kharenko is the natural choice for Ukrainian borrowers, foreign lenders and financial advisors to assist in forming strategies and implementing debt restructuring deals.

Sayenko Kharenko is offering clients:

  • One of the country’s best legal teams in finance, corporate, tax law and litigation with full coordination in restructuring deals
  • Deep understanding of complex debt structures involving multiple creditors, multilevel corporate networks and wide diversity of debt instruments
  • Strong background in legal solutions recognized by international creditors and adjusted to Ukrainian requirements

Experience in participating in both local insolvencies and foreign out-of-court and court-approved procedures (such as English Law schemes of arrangement).

Sayenko Kharenko has assisted international donors and Ukrainian regulators in improving the existing and creating a new legal framework to facilitate the Ukrainian restructuring environment, including drafting the law on a special out-of-court financial restructuring procedure (so-called “Kyiv approach”). The firm’s lawyers are featured on the list of arbitrators for the resolution of disputes under the financial restructuring law.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Arzinger - Restructuring/Insolvency Department

-

Band 2

第二等

Chambers Commentary (based on the Chambers research)

What the team is known for Moves up the rankings in recognition of increasingly sophisticated instructions and market presence. Instructed on large-scale debt restructuring mandates, often involving fraudulent actions by borrowers. Also boasts an active insolvency practice, usually acting for creditors. Significant track record in representing international as well as local financial institutions. Particularly active in mandates involving the agricultural sector.

Strengths The lawyers are appreciated for their pragmatic approach, with one client praising their "solution-oriented mindset."

The team attracts praise for its client service skills, with sources highlighting the "responsiveness" and "effective work" of its lawyers.

Work highlights Advised a syndicate of banks on the restructuring of Donetsksteel's high-value debt under a syndicated loan facility.

Assisted Roust Corporation with the Ukrainian aspects of its restructuring of global debt via an issue of USD385 million secured senior notes.

Notable practitioners

Oleksandr Plotnikov is well regarded for his growing track record and is often instructed on large-scale debt restructuring mandates. He is particularly experienced in representing creditors, recently advising a syndicate of banks on the restructuring of Donetsksteel's high-value debt under a syndicated loan facility.

About the Team (content provided by Arzinger)

Department profile not yet provided by Arzinger. Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Asters - Restructuring/Insolvency Department

-

Band 2

第二等

Chambers Commentary (based on the Chambers research)

What the team is known for Notable team primarily representing domestic and international creditors in corporate debt restructuring, including notes restructuring, and debt collection matters. Exceptional track record in working for international financial institutions such as the EBRD and IFC. Also acts for corporates from various industry sectors. Has experience of representing creditors in bankruptcy proceedings. Regularly involved in cross-border mandates assisting international firms.

Strengths According to market commentators, the firm has "reputable partners."

Work highlights Advised Ukrzaliznytsia, a Ukrainian public railway company, on the Ukrainian law aspects of the restructuring of USD500 million 9.5% loan participation notes.

Acted for VTB Ukraine in connection to the settlement of Incom's USD10 million loan debt.

Notable practitioners

Eminent practitioner Armen Khachaturyan is a long-standing figure in the Ukrainian market with vast experience in restructuring matters. He recently led the team advising Ukrzaliznytsia, a Ukrainian public railway company, on the Ukrainian law aspects of the restructuring of USD500 million 9.5% loan participation notes.

Iryna Pokanay moves up the rankings due to her increased activity in the field. She is a well-reputed and experienced banking and finance lawyer who also advises lenders and borrowers on sizeable restructuring instructions. Of late, she acted for VTB Ukraine on the settlement of Incom's USD10 million loan debt.

About the Team (content provided by Asters)

Asters' recognized and unparalleled expertise in all kinds of financing transactions allows the Firm to competently represent both lenders and borrowers in restructuring negotiations and deals. 

Asters team also have diverse and long-standing industry-specific expertise which allows us to understand and adequately represent companies in many different sectors. Firm's lawyers understand the business of  clients. This understanding is essential for both devising workable restructuring strategies and for successful representation of clients in insolvency proceedings.


No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Baker McKenzie - Restructuring/Insolvency Department

-

Band 2

第二等

Chambers Commentary (based on the Chambers research)

What the team is known for Highly reputed team with a full-service offering for both creditors and borrowers. Benefits from its international network, boasting experience of advising foreign financial institutions and large Ukrainian corporate groups on large-scale multi-jurisdictional debt restructuring mandates. Also handles insolvency-related matters and debt collection.

Strengths The team is praised for its broad know-how, with one client especially noting how the lawyers stand out in the market for being knowledgable of "both local and international law."

The lawyers are also recognised for their client-friendly approach, with one source describing them as "very responsive and to the point."

Work highlights Advised Deposit Guarantee Fund on reforming its legal framework and issues connected with the sale of non-performing loans.

Notable practitioners

Co-managing partner Serhiy Chorny is lauded as "one of the best legal advisers on the market," winning recognition for his "good practical knowledge" and commitment "to completing the project on time with the expected result." He is a highly regarded banking, finance and capital markets practitioner who handles some of the market's biggest debt restructuring transactions, advising corporations and financial institutions.

About the Team (content provided by Baker McKenzie)

Our team has hands-on experience in all types of financial restructuring work, both on the debtors' and the creditors' side. We are efficient and able to discharge work of any complexity.

We provide a holistic approach to financial restructuring, and our clients enjoy the full legal service across a broad range of jurisdictions. We have worked closely on a daily basis with UK, Dutch, French, German and US colleagues from the other offices of Baker McKenzie for many years, and we operate as a truly international team. Our clients benefit from this, especially in the liability management and debt restructuring areas, where strategic advice and implementation is often sought on a multi-jurisdictional rather than domestic level.

We represent financial institutions and corporate borrowers in every aspect of a debt restructuring transaction. Our clients come from various industries, including financial institutions, agricultural holdings, automotive, energy and industrial corporations, food and beverages, transport and infrastructure, and many others.

Among our recent significant deals are the restructuring of USD2.3 billion of Metinvest’s debt under notes and pre-export finance loan facilities, as well as the restructuring of PJSC Obolon’s debt to international and domestic lenders under bilateral secured loan agreements, in the aggregate amount in excess of USD100 million.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Dentons - Restructuring/Insolvency Department

-

Band 2

第二等

Chambers Commentary (based on the Chambers research)

What the team is known for Strong practice group active in large debt restructuring mandates, including cross-border assignments in co-operation with its international offices. Also advises on distressed debt transactions and insolvencies. Boasts experience of acting on behalf of creditors on the restructuring of the sovereign debt of Ukraine. Predominantly assists prominent domestic and international clients from the banking sector.

Strengths The team is valued by clients for its "skills in negotiations and drafting documents" as well as its "problem-solving and proactive approach at critical points."

The team is also lauded for its client-oriented attitude and business acumen. One source states: "The firm is client-oriented, and sets clients' needs over and above its own," while another singles out its "fast and quick responses."

Work highlights Advised CRI Group, in co-operation with its London office, on the USD1.3 billion debt and corporate restructuring of Mriya Agro Holding.

Notable practitioners

Natalia Selyakova attracts positive feedback from clients who appreciate her "to-the-point advice and very quick response." She is also praised for her "very cool" way of approaching "problems arising during negotiations and drafting." She is a well-reputed banking and finance lawyer with strong experience of advising on restructuring and insolvency mandates, including assignments involving Eurobonds and loans. She co-led the team advising CRI Group on the USD1.3 billion debt and corporate restructuring of Mriya Agro Holding.

About the Team (content provided by Dentons)

Department profile not yet provided by Dentons. Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Redcliffe Partners - Restructuring/Insolvency Department

-

Band 2

第二等

Chambers Commentary (based on the Chambers research)

What the team is known for Established in December 2015, the team maintains a close relationship with Clifford Chance, its former parent firm. Well regarded for acting on major debt restructuring mandates involving a range of financial obligations. Noted for its track record of representing creditors, especially foreign banks. Clients benefit from its extensive experience in cross-border matters.

Strengths Sources not the team's deep bench, praising the good-quality work provided by junior lawyers.

Work highlights Acted for Deutsche Bank, ING, Natixis and UniCredit in their capacity as the co-ordinating committee on the restructuring of Metinvest's USD2.3 billion debt of existing PXF facilities.

Notable practitioners

Managing partner Olexiy Soshenko has a strong reputation as a leading banking and finance lawyer and also advises on large-scale debt restructurings. He has particular experience in cross-border transactions involving both finance and capital markets instruments.

About the Team (content provided by Redcliffe Partners )

Department profile not yet provided by Redcliffe Partners . Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Aequo - Restructuring/Insolvency Department

-

Band 3

第三等

Chambers Commentary (based on the Chambers research)

What the team is known for Active team, often instructed by international financial institutions and banks on restructuring tickets. Also handles transactions involving distressed debt. Represents domestic corporates in bankruptcy proceedings and has experience of advising on insolvency procedures.

Strengths The team is noted for its client-friendly service, with one source commenting: "They provide excellent legal advice for a reasonable price, always prioritising our needs and trying to exceed expectations."

Work highlights Advised a consortium of foreign and domestic lenders on the restructuring of debt under facilities granted to a car manufacturer.

Assisted the EBRD with Ukrainian matters in the restructuring of its EUR85 million loan to Air Liquide.

Notable practitioners

Yulia Kyrpa is a respected banking and finance lawyer who also advises on distressed debt transactions and debt restructuring mandates, acting for banks as well as companies. One client comments: "She is always ready to sweat the details and commit to positive results. She always understands our objectives and advocates on that basis, rather than on the law in isolation." She recently assisted the EBRD with Ukrainian matters in the restructuring of its EUR85 million loan to Air Liquide.

About the Team (content provided by Aequo)

Our dedicated restructuring and insolvency team has many years of experience in advising companies facing financial difficulties and their directors on the full range of insolvency work, including complex cross-border restructurings and refinancing procedures.

Our lawyers are also experienced in advising creditors and regulators in this challenging field, and are known for their hands-on advice, pioneering solutions and the mitigation of our clients’ risks to the fullest possible extent.

We work closely with premier investment banks, accountants and other financial experts, as well as our lawyers in related practice areas (including finance, tax and corporate law) to provide our clients with the best possible commercial results, as well as a seamless and integrated service.

We assist debtors, creditors and shareholders in insolvency proceedings by to-the-point advice on appropriate procedures and appropriate strategy available to the client under Ukrainian law. Finally, we represent clients in complex insolvency and liquidation proceedings in the court.

For more details please visit our website: https://aequo.ua/

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Ilyashev & Partners - Restructuring/Insolvency Department

-

Band 3

第三等

Chambers Commentary (based on the Chambers research)

What the team is known for Recognised for its strong insolvency practice, supported by a top litigation team. Active on some of the market's biggest insolvency and bankruptcy-related mandates and also has experience of providing assistance with debt restructuring. Clientele includes local and international banks, as well as companies.

Strengths The lawyers win acclaim for client service, with one client reporting: "They are very responsive and practical," while another source notes their efficiency.

Sources also state: "They have very good experience in bankruptcy litigation."

Work highlights Advised BTA Bank on USD319 million bankruptcy proceedings involving Russian companies.

Assisted Okean Shipyard with its USD107 million bankruptcy proceedings.

Notable practitioners

Roman Marchenko is recognised as a top dispute resolution lawyer who represents financial institutions and companies in some of Ukraine's biggest insolvency-related mandates. He is described as "down-to-earth and to the point." He recently advised Sumykhimprom on its USD165 million bankruptcy proceedings.

About the Team (content provided by Ilyashev & Partners)

Specialisations
The restructuring practice of Ilyashev & Partners undertakes the most complex projects in Ukraine. We have a very strong practice both in insolvency work and acting in relation to distressed companies and restructuring of healthy companies. In the insolvency/distressed company area our practice is greatly strengthened by our very strong banking client’s base.
Supported by its solid Dispute Resolution practice Ilyashev & Partners has an exceptionally strong bankruptcy standing with geographical scope covering Ukraine and Russia. The network of offices is an advantage of the firm.

Recent work highlights
The firm supports the bankruptcy procedure of Creative Group in a USD 660 million case; continued support of insolvency procedure of Sumykhimprom that is at the sanation stage. BTA Bank Kazakhstan instructed the firm to represent its interests in the bankruptcy procedures of several corporate debtors in the Russian Federation.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Eminent Practitioner

Armen Khachaturyan

Asters

From the Chambers Europe guide

Eminent practitioner Armen Khachaturyan is a long-standing figure in the Ukrainian market with vast experience in restructuring matters. He recently led the team advising Ukrzaliznytsia, a Ukrainian public railway company, on the Ukrainian law aspects of the restructuring of USD500 million 9.5% loan participation notes.

^ See whole ranking table

Band 1

Avellum

From the Chambers Europe guide

Glib Bondar wins widespread acclaim, with sources describing him as a "very commercially-minded" practitioner who is "tough and pragmatic" and "very responsive." He is a top banking, finance and capital markets lawyer who acts on some of the market's most complex debt restructuring instructions. He particularly stands out for his experience of advising on sovereign debt. One commentator acknowledges: "He is able to distil the ever-changing legal landscape into something I can understand."

^ See whole ranking table

Band 1

Baker McKenzie

From the Chambers Europe guide

Co-managing partner Serhiy Chorny is lauded as "one of the best legal advisers on the market," winning recognition for his "good practical knowledge" and commitment "to completing the project on time with the expected result." He is a highly regarded banking, finance and capital markets practitioner who handles some of the market's biggest debt restructuring transactions, advising corporations and financial institutions.

^ See whole ranking table

Band 1

Redcliffe Partners

From the Chambers Europe guide

Managing partner Olexiy Soshenko has a strong reputation as a leading banking and finance lawyer and also advises on large-scale debt restructurings. He has particular experience in cross-border transactions involving both finance and capital markets instruments.

^ See whole ranking table

Band 2

Nazar Chernyavsky

Sayenko Kharenko

From the Chambers Europe guide

Nazar Chernyavsky is a well-regarded banking, finance and capital markets lawyer with extensive experience in high-stakes debt restructuring, including mandates involving financial and capital markets instruments. He is described as "very smart and pleasant" as well as someone who is "always a pleasure to talk to" and who "gets the result." He recently led the team advising DTEK Finance on the restructuring of USD1.27 billion Eurobonds issued by DTEK.

^ See whole ranking table

Band 2

Asters

From the Chambers Europe guide

Iryna Pokanay moves up the rankings due to her increased activity in the field. She is a well-reputed and experienced banking and finance lawyer who also advises lenders and borrowers on sizeable restructuring instructions. Of late, she acted for VTB Ukraine on the settlement of Incom's USD10 million loan debt.

^ See whole ranking table

Band 2

Natalia Selyakova

Dentons

From the Chambers Europe guide

Natalia Selyakova attracts positive feedback from clients who appreciate her "to-the-point advice and very quick response." She is also praised for her "very cool" way of approaching "problems arising during negotiations and drafting." She is a well-reputed banking and finance lawyer with strong experience of advising on restructuring and insolvency mandates, including assignments involving Eurobonds and loans. She co-led the team advising CRI Group on the USD1.3 billion debt and corporate restructuring of Mriya Agro Holding.

^ See whole ranking table

Band 3

Aequo

From the Chambers Europe guide

Yulia Kyrpa is a respected banking and finance lawyer who also advises on distressed debt transactions and debt restructuring mandates, acting for banks as well as companies. One client comments: "She is always ready to sweat the details and commit to positive results. She always understands our objectives and advocates on that basis, rather than on the law in isolation." She recently assisted the EBRD with Ukrainian matters in the restructuring of its EUR85 million loan to Air Liquide.

^ See whole ranking table

Band 3

Ilyashev & Partners

From the Chambers Europe guide

Roman Marchenko is recognised as a top dispute resolution lawyer who represents financial institutions and companies in some of Ukraine's biggest insolvency-related mandates. He is described as "down-to-earth and to the point." He recently advised Sumykhimprom on its USD165 million bankruptcy proceedings.

^ See whole ranking table

Up and Coming

Anton Korobeynikov

Sayenko Kharenko

From the Chambers Europe guide

Counsel Anton Korobeynikov is recognised for his "very active" market presence, advising on the firm's biggest restructuring projects. One source describes him as "very pleasant and smart" and a "rising star."

^ See whole ranking table

Up and Coming

Oleksandr Plotnikov

Arzinger

From the Chambers Europe guide

Oleksandr Plotnikov is well regarded for his growing track record and is often instructed on large-scale debt restructuring mandates. He is particularly experienced in representing creditors, recently advising a syndicate of banks on the restructuring of Donetsksteel's high-value debt under a syndicated loan facility.

^ See whole ranking table