Lawyers Profiles
Michael KHARENKO Michael KHARENKO works in Sayenko Kharenko

2015 was a record year in terms of the volume and number of debt restructuring deals by major-league Ukrainian borrowers. Our firm alone was involved in successfully completed transactions for around USD 5 billion in the past year. A notable feature of these recent deals is their wide diversity in all aspects. There have been simple reprofilings and complex debt conversions and exchanges, pure commercial restructurings and restructurings driven by IMF requirements, voluntary restructuring and court-approved arrangements.

Activity in debt restructuring is likely to continue this year since a fair amount of problem debt remains unresolved. Hopefully, local debt will become more involved as this is where a great many problem lie. A lack of trust and inadequate regulatory environment makes multi-creditor local debt restructuring deals quite difficult to handle. Our legal team is currently working together with international organisations, Ukrainian authorities and the banking community to develop legislation which should facilitate restructuring in Ukraine and help both Ukrainian business and the banking system to survive these difficult times.

Michael KHARENKO is authority in

Capital Markets / Liability Management

Sayenko Kharenko leading in

5 Agribusiness

2 Antitrust / Competition

2 Restructuring

2 Banking & Finance

1 Capital Markets / Liability Management

2 Corporate and Mergers & Acquisitions

5 Energy & Natural Resources

4 Intellectual Property

1 International Arbitration

1 International Trade

1 IT

2 Telecommunications & Media

4 Labor & Employment

5 Aviation

Michael KHARENKO leading in

1 Banking & Finance / Restructuring

Sayenko Kharenko

Address:
10 Muzeyny Provulok,
Kiev, 01001, Ukraine
Tel.:
+380 44 499 6000
Fax:
+380 44 499 6250
Web-site:
www.sk.ua

Sayenko Kharenko is Ukraine’s leading law firm, with an internationally oriented full-service practice and a Ukrainian law representative office situated in London. In 2015, Sayenko Kharenko collected three national Law Firm of the Year awards, having been recognized Ukraine’s best team by IFLR European Awards, Who’s Who Legal Awards, and Chambers Europe Awards for Excellence. Sayenko Kharenko was also recognized one of the two best law firms in Ukraine in 2015 according to Top 50 Largest Deals Table published by Yuridicheskaya Practika Publishing. The firm is highly recommended in Ukraine by all major international guides, including Chambers Global, Chambers Europe, IFLR1000, and The Legal 500.

 

About its International Arbitration Practice

Sayenko Kharenko boasts a unique team of arbitration lawyers experienced in international commercial and investment arbitration. The team advises clients on all aspects of international arbitration, including the choice of arbitration forum, applicable law, advising on the risks and possible outcome of arbitration, representation in the course of arbitral proceedings before different international arbitration institutions all over the globe, enforcement of arbitral awards and other matters.

Sayenko Kharenko’s arbitration lawyers have unprecedented insight into arbitration proceedings in Ukraine and abroad and have built on their experience of serving as party-appointed arbitrators, sole arbitrators, chairmen of the arbitral tribunal, and legal counsel to a party to arbitration.

The team handled over 90 arbitrations under a variety of arbitration rules, covering all major spheres of international business, including relating to contractor agreements; international sales of goods; maintenance and construction of ships; agency and distribution contracts; joint venture agreements; oil & gas supply contracts; having represented clients in corporate, maritime and trade commodities international disputes.