UKRAINE BUSINESS NEWS: EIGHT ARTICLES
1. 2009 WILL BE A YEAR OF WAITING FOR INVESTORS IN UKRAINE AS SCALE
OF CRISIS IS STILL UNCLEAR SAYS HORIZON CAPITAL HEAD NATALIA JARESKO
Interfax Ukraine, Davos, Switzerland, Friday, January 30, 2009
2. POSSIBILITIES FOR RAISING CAPITAL BY UKRAINIAN COMPANIES IN
2009 TO REMAIN RESTRICTED, SAYS TROIKA DIALOG INVESTMENT BANK
Interfax Ukraine, Davos, Switzerland, Friday, January 30, 2009
3. EUROPEAN BANKS HAIL TYMOSHENKO'S IDEA ABOUT EURO
SWAPS WITH EUROPEAN CENTRAL BANK, SAYS UKRAINIAN VP NEMYRIA
Interfax Ukraine, Davos, Switzerland, Sunday, February 1, 2009
4. UKRAINIAN PM TYMOSHENKO TO MEET U.S. VP JOE BIDEN THIS WEEK
Interfax Ukraine, Kyiv, Ukraine, Tuesday, February 3, 2009
5. UKRAINE: REAL ESTATE & CONSTRUCTION LEGAL ALERT
Baker & McKenzie law firm, Kyiv, Ukraine, Monday, February 2, 2009
6. UKRAINE: SUCCESSFUL IMPLEMENTATION OF PRYKERCHENSKA
HSA COULD BE A POSITIVE SIGN FOR INTERNATIONAL INVESTORS
Vanco Prykerchenska Ltd, Kyiv, Ukraine, Tuesday, 27 January 2009
7. 5TH ANNUAL UKRAINIAN INVESTMENT SUMMIT, LONDON, MARCH 9-11
Adam Smith Conferences, London, United Kingdom, Tuesday, January 27, 2009
8. SALANS KYIV EMPLOYMENT NEWSLETTER - FIRST ISSUE
Salans law firm, Kyiv, Ukraine, Monday, February 2, 2009
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1. 2009 WILL BE A YEAR OF WAITING FOR INVESTORS IN
UKRAINE AS SCALE OF CRISIS IS STILL UNCLEAR SAYS
HORIZON CAPITAL HEAD NATALIA JARESKO
Interfax Ukraine, Kyiv, Ukraine, Friday, January 30, 2009
DAVOS (Switzerland) - 2009 will be a year of waiting for investors, as the period and scale of the crisis are still unclear, a managing partner of Horizon Capital, Natalia Jaresko, has told Interfax-Ukraine.
"We don’t want to hurry up, as we don't know how long the crisis would continue. I don't think that anyone could forecast this, as the situation does not depend only on Ukraine. On the whole, the year will be a year of waiting," she said on Thursday after a roundtable on philanthropy amid the crisis, which was organized with assistance of the Viktor Pinchuk Fund.
Jaresko said that the problem is complicated by the revaluation of Ukrainian companies before the crisis and uncertainty with the hryvnia exchange rate, which made difficult the evaluation of companies working with foreign currency.
She said it was difficult to name sectors that could become new points of growth after the downturn. She said that in three or five years, FMCG and construction material production sectors would have good prospects for development.
She said that the food industry better weathers the economic recession, as well as small forms in retail, the pharmaceutical sector.
Jaresko said that Horizon Capital has not yet invested in Ukraine from its newest fund (Emerging Europe Growth Fund II, which was raised at the end of 2008), although it continues selecting opportunities for successful investment.
She said that today it is necessary to thoroughly analyze the state of each company, its debt state, mood of owners and management. Jaresko said that the managing company actively develops the existing investment portfolio.
Horizon Capital manages the Emerging Europe Growth Fund ІІ (EEGF ІІ), Emerging Europe Growth Fund (EEGF) and Western NIS Enterprise Fund (WNISEF), with a combined volume of over $600 million.
NOTE: Horizon Capital is a member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., www.usubc.org.
2. POSSIBILITIES FOR RAISING CAPITAL BY UKRAINIAN COMPANIES IN
2009 TO REMAIN RESTRICTED, SAYS TROIKA DIALOG INVESTMENT BANK
Interfax Ukraine, Kyiv, Ukraine, Friday, January 30, 2009
DAVOS (Switzerland) - Cheap assets on the developed markets and the squeeze of the debt market will make it hard for Ukrainian companies to raise funds in 2009, according to the head of the securities department at Troika Dialog Investment Bank, Jacques Der Megreditchian.
"Opportunities to enter the international capital and banking credit markets for companies from emerging markets will be rather restricted in 2009. This vary much concerns Ukraine," he told Interfax-Ukraine in Davos on Thursday.
Megreditchian said that there are very attractive proposals on the secondary market, but prospects for the IPO market are unfavorable.
He said that after receiving aid from national governments and regulators, large banks would be very careful in financing projects and companies abroad.
"If the credit was issued in the car industry of [the creditor's] own country, it would be understandable, but if it is issued to a foreign [car company], it would be difficult to do this in the present conditions," he said.
He said that this excess of caution is a mistake, as the recovery of the international economy mainly depends on emerging countries, which have shown a rapid pace of growth in the last few years.
Megreditchian said that from H2 2009, the situation for the emerging markets, including for Ukraine, would start improving, and a number of large international corporations could show interest of a strategic character.
He said that in the next six or nine months companies should mainly count on their own resources, take expenses under control and learn to manage risks.
He said that it is too early to say what concrete sectors would be of top-priority for investors after the present downturn.
Commenting the company's plans in Ukraine, Megreditchian said that Troika Dialog would remain on the Ukrainian market and still considers it promising.
"We'll try to adjust our presence, taking into account the business development that we expect," he said, adding that the company has slightly trimmed its team in Ukraine.
He said that the key segments of the bank's business – analytics, brokerage and sales – were retained. He also said that professional Ukrainian capital market players and its regulators should use the investment pause to improve infrastructure and create a basis for boosting liquidity.
3. EUROPEAN BANKS HAIL TYMOSHENKO'S IDEA ABOUT EURO
SWAPS WITH EUROPEAN CENTRAL BANK, SAYS UKRAINIAN VP NEMYRIA
Interfax Ukraine, Kyiv, Ukraine, Sunday, February 1, 2009
DAVOS (Switzerland) - A group of nine European commercial banks, most of whom have Ukrainian-based subsidiaries, have expressed support in a letter to the European Commission for the idea of euro-hryvnia swap operations with the European Central Bank, which was previously aired by Ukrainian Prime-Minister Yulia Tymoshenko, Ukrainian Vice-Premier Hryhoriy Nemyria said.
"[Premier] Yulia Tymoshenko's idea has been backed by nine banks, particularly those who have branches in Ukraine," he said at the 5th Davos Ukrainian Lunch "Crisis: In & Out," arranged by international investment advisory group EastOne and the Victor Pinchuk Foundation during the World Economic Forum. Nemyria recalled that a similar tool was used to prop up Hungary's baking system.
The Ukrainian government is continuing a dialogue about how and which way Ukraine could receive instruments of support from the side of the European Union to which it has no access so far, he added.
According to Nemyria, as was the case in 1992 and 1998, Europe is not now within strict frameworks and standards because the economic crisis requires nonstandard measures. Moreover, he added, Kyiv "sticks to the logic" that stability in neighboring countries is vitally important for the EU.
He also said that he is holding active talks with international investors in Davos, as one should think not only about the banking sector, but also about the sources of investment for facilitating economic growth and minimizing the scale of the recession. "No doubt, the source is a bilateral financial negotiation with those countries which have such capabilities. We'll be actively tackling this in the near term," he said.
4. UKRAINIAN PM TO MEET WITH U.S. VP BIDEN THIS WEEK
Interfax Ukraine, Kyiv, Ukraine, Tuesday, February 3, 2009
KYIV - Ukrainian Prime Minister Yulia Tymoshenko will meet with U.S. Vice President Joe Biden in the frames of the Munich Security Conference this week and will visit France early in March.
This week Tymoshenko will take part in the Munich Conference on Security Policy, where she will meet with U.S. Vice President Joe Biden, Ukrainian Vice-Premier Hryhoriy Nemyria said on the 5th channel on Monday.
The conference will be attended by European Union High Representative for the Common Foreign and Security Policy Javier Solana, European Commission President Jose Manuel Barroso, French President Nicolas Sarkozy and German Federal Chancellor Angela Merkel.
"The Ukrainian prime minister was invited by French President Nicolas Sarkozy to make an official visit to Paris and the premier accepted the invitation. This visit will take place in early March," Nemyria said. The Munich Security Conference will take place on February 6-8 2009
5. UKRAINE: REAL ESTATE & CONSTRUCTION LEGAL ALERT
Baker & McKenzie law firm, Kyiv, Ukraine, Monday, February 2, 2009
RE: A NEW LAW OF UKRAINE HAS BEEN RECENTLY ADOPTED TO PREVENT THE NEGATIVE IMPACT OF THE GLOBAL FINANCIAL CRISIS ON THE DEVELOPMENT OF UKRAINE'S CONSTRUCTION INDUSTRY AND PARTICULARLY OF RESIDENTIAL CONSTRUCTION
KYIV - On 14 January 2009, the Law of Ukraine On the Prevention of the Impact of the Global Financial Crisis on the Development of the Construction Industry and Residential Construction (the "Law") entered into force.
The Law aims at the support of the Ukrainian construction industry, and primarily residential construction, during the recession of the global economy, as well as the creation of more favorable conditions for developers' activities on the Ukrainian real estate market.
The Law introduces a new category of "affordable dwelling" [1] and envisages certain favorable conditions for developers of affordable residential construction, together with purely financial and credit mechanisms of state support and other favorable conditions, namely:
(1) the possibility of granting to developers leaseholds to land plots for the development of "affordable dwelling" residential construction without holding
auctions, and giving consideration to reducing the level of the land tax rate on such land plots; and
(2) the release of developers from payment of the legally required shared contribution for the development of the engineering, transport, and social
infrastructure.
The Law also contains a number of provisions designed to facilitate the development of the entire residential construction sector (and not only "affordable dwelling" construction), and the construction industry in general. In particular, the Law provides for:
(1) favorable financing terms for residential construction developers, whose estimated profits will not exceed 15 per cent of the direct and general
production costs connected with such construction;
(2) the possibility for every developer to perform the state registration of ownership rights to objects of unfinished construction and parts thereof, which are
needed for their subsequent sale or mortgage;
(3) the prohibition of financial institutions to increase interest rates under loans obtained by individuals and legal entities for housing purchase or
construction;
(4) the ban on the termination of any agreements resulting in the transfer by developers of completed residential construction objects (or parts thereof), under
which 100 per cent of the cost of the object has been paid, except for cases where the parties have agreed upon such termination, or where the
commissioning of the construction object is delayed for more than 18 months after the initially announced commissioning date; and
(5) the right of developers to postpone their payment of the shared contribution for the development of the engineering, transport, and social infrastructure of
the municipality, and to postpone their payment of their contributions to the local special purpose funds [2].
The Law introduces a new type of residential lease, i.e., the "hire purchase", and implements the corresponding amendments of the Civil Code of Ukraine.
Moreover, the Law amends some other currently effective legislative acts governing different aspects of the operations of the construction industry and the real estate market, in particular:
(1) the Law of Ukraine On Mortgage is amended so that the direct mortgage of objects of unfinished construction and the ownership rights thereto is now
allowed;
(2) the Amendments to the Law of Ukraine On Investment Activities determine a new institution to conduct the state examination of construction designs, i.e.,
the State Enterprise "Specialized State Expert Organization – Central Service of the Ukrainian State Construction Examination"; and they establish that
the list of objects, which do not require the approval of their construction design by comprehensive state examination, will be approved by the central
executive authority in the area of construction and architecture; and
(3) the Law of Ukraine On Planning and Building Development is amended, so that, in order to obtain a construction works permit, foreign legal entities
must submit (apart from the standard documentation) a document confirming the fact that they will involve Ukrainian individuals and legal entities in the
performance of at least 90 per cent of the construction-assembly works of the total scope of works; and confirming that at least 50 per cent of the goods
and materials used in the course of the construction, specifically the structural (building) units, will be from Ukrainian domestic sources.
FOOTNOTES:
[1] The Law defines "affordable dwelling" as housing constructed with state support, which, in particular, implies the payment by the state of 30 % of the
construction cost
[2] This right is exercised by developers based on their applications. The grace period may not exceed the period of the validity of the corresponding
duration of the Law, which, at present, is fixed until 1 January 2012.
FOR MORE INFORMATION: Serhiy Piontkovsky, Partner; +380 44 590 0101; serhiy.piontkovsky@bakernet.com or Konstiantyn Silkin, Associate,
+380 44 590 0101; konstiantyn.silkin@bakernet.com. Other Legal Alerts on www.bakernet.com. Baker & McKenzie - CIS, Limited; Renaissance Business Center; 24 Vorovskoho St.; Kyiv 01054, Ukraine; Tel: +380 44 5900101; Fax: +380 44 5900110.
NOTE: Baker & McKenzie-CIS, Limited is a member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., www.usubc.org.
6. UKRAINE: SUCCESSFUL IMPLEMENTATION OF PRYKERCHENSKA
HSA COULD BE A POSITIVE SIGN FOR INTERNATIONAL INVESTORS
Vanco Prykerchenska Ltd, Kyiv, Ukraine, Tuesday, 27 January 2009
KYIV - "The successful implementation of Prykerchenska HSA (Hydrocarbons Sharing Agreement) could be a very strong positive signal for international investors," Jim Bown, president of Vanco Prykerchenska Ltd. said today in Kyiv.
"Ukraine is in great need of international investments especially in oil & gas sector in 2009. The country itself has neither the technical nor financial capabilities to develop Ukraine’s offshore hydrocarbon resources in the very deep waters of the Black Sea."
Bown strongly believes that, “The financial crisis, political uncertainty on the domestic front and colossal external debt will make Ukraine a highly risky country for foreign investments in 2009. All these factors together with about 50 per cent currency depreciation since September are more likely to cut and delay internaitional investments into the main industries of the Ukrainian economy this year. Thus the value of the preplanned investment projects (especially in the oil & gas sector) gets much higher."
President Bown warned that, "Throwing away strategically important projects like Development of Prykerchenska Block in Ukraine’s Black Sea with Vanco Prykerchenska Ltd not only undermines the economic potential of the country but also ruins the domestic investment climate which is now vital for the economic development of Ukraine.”
NOTE: For more information contact: Ruslan Skyba, PR-manager, Vanco Prykerchenska Ltd, e-mail: rskyba@vpl.kiev.ua. Vanco is a member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., www.usubc.org
7. 5TH ANNUAL UKRAINIAN INVESTMENT SUMMIT, LONDON, MARCH 9-11
Adam Smith Conferences, London, United Kingdom, Tuesday, January 27, 2009
LONDON - It is clear that, with all the business challenges you are currently facing, the 5th annual Ukrainian Investment Summit, taking place in London on March 9-11, at the Royal Lancaster Hotel, will be more productive and timely than ever before.
The Summit is the foremost international investment gathering for Ukraine, bringing together key government officials and the elite of Ukrainian finance and business to meet with their international counterparts. In 2008 the event attracted 750 attendees from 24 countries.
Members of the Speaker Faculty include: Sir Howard Davies, Director, London School of Economics; Natalya Korolevska, Chair, Committee for Industrial & Regulatory Policy, Verkhovna Rada; Alan Clark, Managing Director, Europe, SABMiller; Anatoliy Girshfeld, President, UPEC Industrial Group;
Yevhen Korniychuk, First Deputy Minister of Justice of Ukraine; Mykola Azarov, Chairman, Committee for Banking & Finance, and Verkhovna Rada; Dr Ljubomir Mudrić, Chairman of the Board, Allseeds Group.
More than ever the event will be a unique opportunity for you to come together with your peers, receive the latest and most accurate and exclusive market information first hand from the experts and meet and share experiences with the elite of the Ukrainian and international business community.
As Daniela Rulf, Associate Director at UBS, put it this year: “The majority of Ukraine’s business ‘who’s who’ gathered in one place, easy to access and open to talks and business and opportunities”.
As always, the Summit takes place over 3 days and will be a mixture of plenary and streamed sessions, panel discussions and debates, VIP and guest ‘out-of-the-box’ speakers and live onstage interviews.
BUSINESS ISSUES AND HOTTEST INDUSTRY SECTORS
Sessions will cover the most topical business issues and the hottest industry sectors, including a Macroeconomic Overview, the Investment Climate, the Impact of WTO Accession, Overcoming The Challenges Of The Global Liquidity And Credit Crunch, Corporate Finance in challenging conditions, M&A, Capital Markets, Banking, Real Estate, Retail, Metals & Mining & Infrastructure with a focus on Euro-2012 preparations.
You can be assured that all presentations will be tailored to addressing the challenges you currently face. The Speaker Faculty is already 60-strong and is probably our most impressive to date. Do download the attached speaker list and also bookmark this page for new, exciting confirmations.
The speaker panel includes: top Ukrainian and international officials, representing the Ministry of Economy of Ukraine, Ministry of Justice of Ukraine, Securities & Stock Market Commission of Ukraine, State Property Fund of Ukraine, UK House of Commons, UK House of Lords, Verkhovna Rada, Ukrainian Embassy in the UK, UK Embassy in Ukraine, Donetsk Regional Council and Kharkiv City Council.
Leading Ukrainian corporations, such as Allseeds Group, DTEK, Galnaftogaz, life:), Smart Holding, System Capital Management and UPEC Industrial Group.
Prominent international investors, including AES, Cadogan Petroleum, Dyckerhoff, Kraft Foods, Kulczyk Holding, Landkom, MTS, SABMiller, Sopharma, TNK-BP and Vanco Prikerchenska.
Major financial institutions, featuring Abris Capital, Advent International, Argo Capital, Calyon Bank, Dragon Capital, EBRD, European Investment Bank, Halcyon Advisors, Horizon Capital, International Finance Corporation, Morgan Stanley, Polar Capital, Providence Equity, Rodovid Bank, Royal Bank of Scotland, Sphere Capital and the World Bank.
Due to popular demand, we will be repeating a number of the features from the last Summit, which delegates found particularly rewarding. They include:
The innovative SpotMe wireless networking and live polling system, enabling you to locate your key potential partners and also to gather data and gauge opinion in real time mode.
DR ANDERS ASLUND'S NEW BOOK
Global book launch and signing by Anders Åslund. Dr Anders Åslund, Senior Fellow at the Peterson Institute for International Economics, will be publishing his latest book “How Ukraine became a market economy and democracy” in time for the Summit. Anders will be signing copies of the book for all attendees, which we will provide free of charge.
The annual Adam Smith Ukrainian Investment Summit is renowned for its incomparable networking opportunities – the one date in the year when Ukraine’s political and business elite gather in London to meet with their international counterparts.
Here is a cross-section of just some of the companies from around the world, whose top management will be present at the Summit:
Arkas Holding; Apollo Insurance; Amadeus Investment; Arta Investment; Aval-Brok; Alba Distribution; Allseeds Group; Brokbusiness Bank; Bright Group; Bank of New York Mellon; Cube Capital; Citadel Capital; CMS Cameron McKenna; Credit Suisse; DVI Holding; Dogus Insaat; DS Smith plc; Delin Development; Decent Group; Energomashspetsstal; Deloitte; Energiya Ukrainy; European Future Group; Enterprise Estonia; EastWest Group; Ferrexpo Group; Garant-Invest; Gazeks; Ista Centre; ING Bank; IMTC-MEI; Kade Group; Mott MacDonald; Melon Capital; Morgan Stanley; Magisters; Noerr Stiefhofer Lutz; National Credit Bank; Odessa City Council; State Savings Bank of Ukraine; OTP Bank; OTP Capital; Partner Bank; PricewaterhouseCoopers; First Grain Trading Company; Regional Development Bank; Rada Bank; Schwab Versand; Standard Bank; Scythian; Silver Centre; Sumykhimprom; Schoenherr; Siemens, SABMiller; Strategy Foresight; Terra Bank; UBS AG; Ukrsotsbank; Ukrainian Business Group; Veles Capital; VTB Bank.
You can be reassured that we will certainly not be cutting any corners on the social programme and additional features that you so greatly appreciate. Highlights include: The Welcome Drinks Reception on the evening of Sunday, 8th March. As this coincides with International Womens Day, the event will be appropriately themed and delegates will be encouraged to bring their partners.
A Gala Evening and Awards Ceremony at the historic Lancaster House on Monday, 9th March. The main social function will take place at Lancaster House, close to Buckingham Palace and commissioned by the Duke of York in 1825. Steeped in political history, it is an important centre for government hospitality. The evening will feature an awards ceremony to recognise the accomplishments of the leaders in the Ukrainian business community.
Do download the Summit brochure to read about all the programme, features and speaker faculty in greater detail. You can register in confidence, knowing that the Summit will equip you to deal with all your current challenges. Moreover, to help you, we have frozen prices from last year.
FOOTNOTE: Representatives of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., and many of its member companies will be attending the Ukrainian Investment Summit in London. USUBC members who have confirmed they are attending include: AES, Asters, Baker & McKenzie, DLA Piper, Horizon Capital, IMTC-MEI, Kraft, Magisters, Ukraine International Airlines, Vanco, and Vasil Kisil & Partners.
The U.S.-Ukraine Business Council (USUBC) supports the Ukrainian Investment Summit in London and offer 10% discount* on attendance. Register on http://www.adamsmithconferences.com/yu5usbce and quote YU5USBCE.
* Discount is not valid for persons who have already registered to participate at this conference and/or seminar(s). All discounts can only be applied at the time of registration and cannot be combined.
CUSTOMER SERVICES; London: +44 20 7017 7444; info@adamsmithconferences.com
LINK: http://www.adamsmithconferences.com/php/2008/finance/yuc005/yuc00
8. SALANS KYIV EMPLOYMENT NEWSLETTER - FIRST ISSUE
Salans law firm, Kyiv, Ukraine, Monday, February 2, 2009
IN THIS ISSUE:
1. List of persons for whom unemployment charges are payable has been expanded and the procedure for payment of charges has been changed
2. Rates for certain mandatory social security charges have been changed
3. Procedure for payment of unemployment allowance has been changed
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1. List of persons for whom unemployment charges are payable has been expanded and the procedure for payment of charges has been changed
The law of Ukraine “On Mandatory State Social Insurance in Case of Unemployment” expanded the list of categories of those in respect of whom an unemployment charge should be paid:
v individuals who provide “work and services” under civil law agreements;
v foreign citizens working in Ukraine on a temporary basis (the charge is to be paid until 1 January 2011); and
v employed persons who receive or are entitled to receive a pension by virtue of their age including: pensions at preferential terms and conditions; pensions as a result of work record; and persons who have reached legal retirement age (the charge is to be paid until 1 January 2011).
The procedure for payment of unemployment charges has been altered such that unemployment charges should now be paid simultaneously with receipt (transfer) of financial remuneration for labor (payment of income) or proceeds from the sale of goods (or services).
2. Rates for certain mandatory social security charges have been changed
The Parliament of Ukraine has revised the rates for contributions payable to certain social security funds by amending the law of Ukraine “On Contribution rates for Certain types of Mandatory state social Security” and the law of Ukraine “On Contribution Rates for Mandatory state social insurance Against Accidents at Work and Work-Related Illnesses Causing Disability”. These changes became effective on 13 January 2009, as follows.
No. |
Type of mandatory security |
Rate of contribution, % of payroll |
|
Employer |
Employee |
||
1. |
Pension |
33.2 (unchanged) |
2 (unchanged) |
2. |
Unemployment |
1.6 (previously – 1.3) 2.2 for individuals working under civil law agreements |
0.6 (previously 0.5) for employees |
3. |
Temporary disability |
1.4 (previously 1.5) |
1 |
4. |
Accidents at work |
0.56 – 13.5 (previously 0.66 – 13.6) according to the profession’s risk level |
N/A |
|
|
|
|
3. Procedure for payment of unemployment allowance has been changed
As a result of implemented amendments to the law of Ukraine “On Mandatory State Social Unemployment Insurance”, at present termination of employment relations by mutual agreement of the parties (para. 1 art. 36 of the Labor Code of Ukraine) is no longer considered to be “loss of employment under circumstances not depending upon the employee”. Payment of unemployment allowance to persons whose employment is terminated in this way will be made in a similar manner to payments in the case of dismissal at will – on the 91st day after the person in question has registered with the respective local employment center. Previously the payments were made on the 8th day after such registration.
Salans is ranked among the top 50 law firms in the world by PLC WhichLawyer? In 2007 and 2008 Salans was shortlisted to win “The International Law Firm of the Year” from The Lawyer. Salans is ranked as a top tier law firm in Ukraine and globally by the leading international legal directory Chambers Global.
For further information regarding our Kyiv employment practice, please contact: |
|
Oleg Batyuk Volodymyr Monastyrskyy |
SALANS |
NOTE: Salans is a member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., www.usubc.org.
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