On Nov 15-17, 2011 the 6th Annual Ukrainian Banking Forum organized by the Adam Smith Institute (Great Britain) took place in Kyiv.

This major event of the Ukrainian banking sector has already proved to be a successful annual gathering for public officials, regulators and heads of the largest banks, investment companies, as well as professional services firms.

Traditionally Vasil Kisil & Partners Law Firm acted as a partner to the Forum – and 2011 was no exception. The firm was represented by its key Banking & Finance practice experts – Denis Lysenko, Partner, and Yulia Kyrpa, Counselor, together with Oleg Makarov, VKP`s Managing Partner.

Forum`s attendees had a chance to hear about the latest trends and developments in Ukrainian banking sector directly from the industry’s leading professionals. More than 60 top executives from Ukraine’s most well-known banks and professional services companies together with their peers from abroad, investors, highly respected advisors and analysts, as well as representatives of the government bodies that regulate the banking sector in Ukraine took floor at the Forum.

In her speech delivered at the Forum`s “Bank Consolidation and M&A” section, Ms Kyrpa highlighted legislative novelties and key trends of cross-border acquisitions in Ukrainian banking sector.

On Sep 8, 2011 new NBU regulations were adopted which changed the process of obtaining the NBU approval for cross-border acquisitions in Ukrainian banking sector significantly. As Yulia noted, the procedure of obtaining the NBU approval is still untested and depends on the NBU interpretation. Consequently, proper planning and structuring of cross-border acquisitions of Ukrainian banks becomes even more important nowadays.

Ms Kyrpa also shared the considerations of obtaining NBU acquisition approval in cross-border deals and put a special emphasis on the structuring of cross-border acquisitions in Ukrainian banking sector supporting her speech with VKP`s representative experience in this area.

During the “Bank Consolidation and M&A in Ukraine: Trends, Progress & Outlook” session moderated by Yulia, the audience also paid a lot of interest to the issue of banking consolidation as a driver for a stronger banking system in Ukraine, discussed the perception of Ukraine from the outside and listened to the consulting practice in outsourcing HR managing issues for the mergers.

You may download Ms Kyrpa`s presentation by clicking here.

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For more details please contact Iryna Ryslyaeva,

PR Manager

Tel.: +380 44 581 7777

E-mail: pr@vkp.kiev.ua

About the Firm

Established in 1992, Vasil Kisil & Partners is a Ukrainian law firm that delivers integrated legal advice in banking & finance, mergers & acquisitions, capital markets, antitrust, competition and trade, dispute resolution, tax law, energy and natural resources law, intellectual property law, labor and employment law, real estate and construction law, as well as PPP, concessions and infrastructure law.

VKP serves international and domestic companies, as well as private individuals, dealing with banking and financial industry sectors, agriculture, chemical, construction, energy, hi-tech, general commodities, insurance, IT, media, metallurgy, pharmaceutical, real estate, shipbuilding, telecommunications, trading, transport, and other industries and economy sectors.

The firm`s clients include such world-known companies as Alpcot Agro, Africa-Israel Group, Astellas Pharma, BASF, Bayer Consumer, BNP Paribas, British American Tobacco, Central European Media Enterprises, Coca Cola, Credit Agricole Group, Danone, Dell Inc., Du Pont, Energy Standard Group, Eurosport, Google, IKB Deutsche Industriebank , LG Electronics, Leroy Merlin Ukraine, Lukoil, Metso Automation Oy, Moody’s, Mott MacDonald Limited, NCH Capital, Novacke chemicke zavody, Opel, Philips, Pioneer, Red Bull, Russian Standard Bank, St. Sophia Homes, SEB AB, SEB Group, Swedbank AB, Seven Hills, Shell, Standard Charted Bank, Tchibo, UniCredit Group, Vanco International / Vanco Energy, Volkswagen, VympelCom.