UKRAINE: VASIL KISIL SENIOR ASSOCIATE TOUCHES UPON THE
ISSUE OF ASSETS EXCHANGE AMIDST LIQUIDITY CRISIS
Vasil Kisil & Partners, Kyiv, Ukraine, Wednesday, April 15, 2009
KYIV - On April 15, 2009 the “Setting up Transactions that Involve the Purchase of Problem Assets” conference sponsored by The Financial Analysts’ Service was held in Kyiv.
Event participants identified particular industries that are attractive for investments in the period of economic turmoil along with the core problems faced by investors in Ukraine. They also shared their opinion on how Ukrainian companies can overcome the crisis and discussed potential sources of financing problem assets.
A separate set of issues was dedicated to the specifics of problem assets transactions: conducting due diligence, evaluating problem assets, accounting of target’s debts, and the nuances of structuring such transactions.
Mr. Ivan Yurchenko, senior associate with Vasil Kisil & Partners, covered legal aspects of exchanging assets/shares as one of the trends on the M&A market amidst liquidity crisis.
“Exchange of assets in one industry enables to increase a market share of the business and gain competitive advantages. In order to have the most effective results possible from an assets exchange, partners should have common points where their business interests meet and conduct a careful analysis of how they view their joint activities in order to achieve clear understanding of all the nuances of this future cooperation,” - Mr. Yurchenko pointed out in his speech.
Ivan especially emphasized a number of issues related to structuring asset exchange transactions and the specifics of entering into asset co-management agreements. Moreover, he also addressed such issues as antimonopoly regulation, mandatory due diligence and expert evaluation of assets and protections of foreign investments.
ABOUT VASIL KISIL & PARTNERS: Vasil Kisil & Partners is one of the leading and long-established law firms in Ukraine that has impeccable reputation, unique expertise and is providing top quality services to its clients. Founded in 1992, the firm has assembled a talented team of 65 experienced and skilled lawyers dedicated to the highest level of service adhering to internationally accepted professional and ethical standards.
We provide legal support to both Ukrainian companies operating abroad as well as foreign and international corporations doing business in Ukraine.
We specialize in matters that require diligently tailored solutions, extensive experience, and direct personal attention of partners working with a team of recognized professionals. According to Chambers Europe 2008: General Business Law Vasil Kisil & Partners “is one of Ukraine’s longest established firms, renowned for its provision of “comprehensive support and a balanced service.”
Vasil Kisil & Partners is a member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., www.usubc.org.
LINK: http://www.kisilandpartners.com/publications/news/312/
