Konnov & Sozanovsky — Advising Various Businesses

Investments prove to be an important economic category and play a crucial role in the stable economic development, expansion and modernization of production, as well as ensuring a sustainable growth of economy on the whole. In 2008 the investment climate of Ukraine was fairly favourable for capital investments. According to the data of the State Statistics Committee of Ukraine, the amount of foreign investments during the first three quarters of 2008 increased by 8079,4 million USD, which is 54,2% more than that in the same period of 2007. The following branches of the national economy were leading in terms of foreign investments in 2008: processing industry, financial sector, trade and construction. Ukraine’s accession to the WTO in 2008 has considerably improved the investment appeal of the country.

However, the financial-economic crisis that began at the end of 2008 could not but affect the investor sentiments which triggered the decrease of investment flows into the domestic economy of Ukraine. At the same time the given economic circumstances provide for a number of possibilities for strategic investments in the projects that promise a profit growth potential in a long-term perspective.

As long as the national legislation plays a key role in the regulation of investments in Ukraine as well as in the protection of investor rights and interests, it is of vital importance to thoughtfully structure investment from a legal standpoint.

Lawyers of Konnov & Sozanovsky possess profound theoretical knowledge and valuable experience in investment-related legal issues and have advised on a number of investment transactions capturing various areas of business in Ukraine. Our specialists assist clients in the selection of optimal investment methods and tools, conduct a legal analysis of risks connected with the participation in specific investment programs and represent clients’ interests before various state authorities.

 

Lately the investment policy of Russia has been directed upon the attraction of foreign capital through the enhancement of investment appeal of the domestic economy. It is worth mentioning that Russia has managed to prove itself as a country with a sustainably developing market, political and economic stability, which, in turn, considerably increased the interest of potential investors. No wonder that the economy of the country started to experience an investment boom that continued till 2008.

But as a consequence of negative trends in the world economy the investment interest to the Russian economy has significantly reduced. According to the data of the Federal State Statistics Service, the volume of foreign investments, poured into Russia for the first nine months of 2008, was by 13,8% less than that in the same period of 2007. The given reduction was caused by the increase of investment risks in the midst of worldwide economic downturn.

At the same time the existing economic conditions do not rule out the possibility of making effective long-term investments, but quite on the contrary – contribute thereto. As a matter of fact, in the conditions of economic slump an investor is given a unique opportunity to objectively assess and acquire potential business-projects and assets at their real value.

Lawyers of Konnov & Sozanovsky, rendering legal support to companies in different market segments, possess profound theoretical knowledge and solid experience in the field of making investments into various branches of economy. Our specialists assist clients in the selection of optimal investment methods and tools, conduct a legal analysis of risks connected with the participation in specific investment programs, and represent clients’ interests before the state authorities.

 

Leading Lawyer Key Practice Office Position  
Derbal, Yevgeniya Tax law Kiev (Ukraine) Partner
Yaremchuk, Helen Corporate law Kiev (Ukraine) Partner
Konnov, Sergei Corporate law Kiev (Ukraine) Senior partner
Gluhovskaya, Tatiana Intellectual property law Kiev (Ukraine) Đartner
Ivanov, Alexey Corporate law Kiev (Ukraine) Managing Partner
Kochergina, Olena Commercial law, real estate, construction, land law Kiev (Ukraine) Partner
Pokotylo, Alexey Commercial Law and Contarcts Kiev (Ukraine) Partner