VASIL KISIL & PARTNERS

💙 💛 Happy Vyshyvanka Day! 💙 💛

Andriy Stelmashchuk, Yurii Kolos and Hanna Rud successfully represented Lekhim Joint Stock Company, one of Ukraine's leading pharmaceutical companies engaged in the development, manufacture, and sale of medicinal products, in a commercial dispute with the Medical Procurement of Ukraine State Enterprise. The dispute between Lekhim and Medical Procurement of Ukraine arose from the fulfillment of a supply agreement for more than 1.9 million doses of the SARS-CoV-2 CoronaVac vaccine manufactured by Sinovac Biotech Ltd, a China-based biopharmaceutical company. Medical Procurement of Ukraine filed a claim against Lekhim in a commercial court seeking the recovery of fines and penalties totaling almost UAH 70 million, alleging that Lekhim failed to observe the vaccine delivery period. The claimant insisted that Lekhim had delayed the delivery of the first and second shipments of the CoronaVac vaccine. In response, Lekhim denied any delay in delivery. After reviewing the case, the commercial courts upheld the respondent’s (Lekhim’s) position by 97%, meaning that less than 3% of the claimed penalties were ordered to be paid. Details: https://bit.ly/44HIoik

Voynarovska Oksana about cross-border families in times of trouble: "Since the beginning of Russia's full-scale invasion of Ukraine, about 6.5 million Ukrainian citizens have become refugees in different parts of the world. Due to the fact that since the first days of Russia's full-scale invasion of Ukraine, men between the ages of 18 and 60 have been prohibited from leaving the country, the majority of Ukrainian refugees are women and children. When women and children escaped the country because of the war and became refugees abroad, and men could not leave with their relatives, cross-border families eventually emerged. The forced separation has created difficulties in many aspects of Ukrainian family life, including complicating the marriage and divorce process, causing many new custody and child abduction cases, and generating a large number of disputes over the jurisdiction of family dispute resolution." Read in detail below ⤵

🆕 Нова вакансія! Практика вирішення спорів запрошує до своєї команди асистента/асистентку. Ключові вимоги: ➡  Студент/студентка юридичного факультету одного з авторитетних університетів України (розглядаємо кандидатів з 2-го курсу)  ➡  Добре володієте українською та англійською мовами  ➡  Маєте відмінні аналітичні, комунікативні та організаційні навички ➡   Бажаєте навчатися та маєте прагнення професійно розвиватися у сфері вирішення спорів, з метою подальшого кар'єрного зростання Надсилайте резюме на адресу welcome@vkp.ua з темою "Асистент/ка практики вирішення спорів"

At the beginning of 2024, the Law of Ukraine “On Insurance" became effective. It was adopted in November 2021 to replace the 1996 Law of Ukraine “On Insurance”. The new Law differs significantly from its predecessor in scope and content, emphasizing the importance of solvency, transparency, and integrity of insurance companies towards their clients (consumers). In this article Yurii Kolos and Yana Hembarovska explore the legislative changes in the insurance market resulting from the enactment of Law No. 1909-IX, as well as the challenges of its implementation. #insurance

Shpola Agro Industry LLC (ShAI), a member of LNZ Group, has become the first company in Ukraine to start recording its shares in the depositary system of the National Depository of Ukraine (NDU) instead of the state register. Vasil Kisil & Partners lawyers, Volodymyr Igonin, Partner, and Mariia Mykhailovin, Associate, advised ShAI on this project. Volodymyr Igonin, Partner and Head of Corporate / M&A at VASIL KISIL & PARTNERS: “We strive to protect our clients’ interests through legal means as well as possible. That is why, from the very beginning, we supported a new opportunity to record shares in LLCs in the depository system, similarly to shares in JSCs. Unlike a state registrar or a notary who usually deals for the first time with the documents submitted for registration, a specific depository institution (e.g., a bank) knows well its client and can easily verify that a share transfer is legitimate. Aside from protecting title to business, the NDU’s infrastructure gives additional opportunities, such as electronic general meetings, effective pledges of shares, and escrow.” Dmytro Kravchenko, LNZ Group (UA) founder: "LNZ Group includes over 85 agricultural companies, as well as a specialized corn plant, a multifunctional seed plant, two elevators in the Cherkasy and Sumy regions, 10 logistics centres, and a customs warehouse. The group cultivates over 90,000 hectares of land and employs over 3,500 employees at a peak season. It is important for us to protect the title to our companies and assets. We appreciate the long-term cooperation with our legal adviser, Vasil Kisil & Partners, who suggest effective solutions and help us implement them. In addition to the protection of our companies, we see that the new NDU’s mechanisms allow us to expand crediting our partners." Maryna Adamovska, Board Member of the National Depository of Ukraine: “The mechanism for recording shares in the depositary system of the Central Depository is a revolutionary innovation. One will be able to combine their title to securities and shares in LLCs in one depository institution and take advantage of additional services of the Central Depository. For example, electronic general meetings, which are relevant in current circumstances. On top of this, escrow accounts will ensure the performance of obligations under share sale transactions and provide opportunities to expand the use of pledge as a security.” Maxim Libanov, a member of the National securities and stock market comission: “Allowing members of LLCs to transfer shares from the State Register to the Central Depository is our fundamental achievement as the regulator. This is aimed at recording the facts of the acquisition and sale of shares and restriction of rights to shares, and, of course, at protecting from unauthorized loss of title to a share. I am sure that this is a new stage for the market and another step towards digitalization."

🏆 Vasil Kisil & Partners law firm has been highly recommended by The Legal 500 2024 EMEA edition in 12 practice areas. The firm has been top-ranked by The Legal 500 for 16 consecutive years. 🥇 Tier 1: Dispute resolution (includes international arbitration and domestic disputes), Employment Private clients Real estate & construction 🥈 Tier 2: Corporate / M&A Competition Intellectual property Tax White-collar crime Banking and finance International trade Energy 🏆 Individual recommendations are the following: Andriy Stelmashchuk – Dispute resolution Oleg Alyoshin – Dispute resolution Voynarovska Oksana – Employment; Private client Alexander Borodkin – Real estate & construction Volodymyr Igonin – Corporate / M&A Anna Sisetska – Competition Valeriya Bezpala – Employment Ilarion Tomarov – Intellectual property Vsevolod Mazurenko – Dispute resolution

Нова вакансія! Запрошуємо до команди праці та зайнятості Василь Кісіль і Партнери, деталі про вакансію за посиланням: https://lnkd.in/ew-MqGEj

🏆 Chambers Europe 2024 recommends Vasil Kisil & Partners in the following practices: ▪ Dispute resolution ▪ Corporate / M&A ▪ Employment Our partners have received individual recommendations: 🌟 Dispute resolution: Andriy Stelmashchuk Oleg Alyoshin 🌟 Corporate / M&A: Volodymyr Igonin 🌟 Employment: Voynarovska Oksana Valeriya Bezpala Proud of our team 🏆

The war in Ukraine has been ongoing for two years and has changed the lives of Ukrainians everywhere. Due to the danger in the country, 2.7 million Ukrainians, young and old, have left the country and have not returned. Most of those who left the country are skilled workers. The mobilization of men into the armed forces has also played a role, as up to 1 million men of working age are currently defending the country. So, the country is reforming its immigration policy to combat the severe labour shortage. Valeriya Bezpala and Anna Odynokova overviewed the key changes in Ukrainian immigration policy in a time of war for Ius Laboris - global HR lawyers alliance.