Shkred Attorneys - members of our team: Mr. Volodymyr Shkred is the managing partner. He graduated with the LL.M. degrees from Penn State University Dickinson School of Law, Pennsylvania, USA (Class 2007), the Central European University, Budapest, Hungary (Class 2001) and the Kyiv National Shevchenko University School of Law (Class 1999). He also received diploma of teacher of English and German from the Pre-Carpathian Stefanyk University, Ivano-Frankivsk, Ukraine (Class 1994). His s career has included a position of a partner with Arzinger law firm (Kyiv, Ukraine), internship with Mary Kay Inc in Dallas, Texas; the chief legal counsel with (Ukrainian Mobile Communications (MTS Ukraine) and Sun Interbrew Ltd. Ukraine (InBev Ukraine). Mr. Shkred started his career as an associate and paralegal with the Law and Patent office Grischenko & Partners.Mr. Shkred is a member of the Ukrainian Bar Association, the Ukrainian-American Bar Association (UABA) and the American Bar Association (ABA) International Law Section, an honorary member of association of legal scholars of the Centre for International Legal Studies, Salzburg, Austria; He is fluent in English, Ukrainian, Russian and has a working knowledge of German. Mr. Petro Kushnirenko is an of Counsel to the firm and a co-founder of the Institute for Competition Protection. His outstanding expertise includes the history of clients’ representation before the Antimonopoly Committee of Ukraine in the many large-scale merger clearances in this country. Prior to his private practice Mr. Kushnirenko was employed with the Antimonopoly Committee of Ukraine (AMCU). Mr. Serhiy Galuzinskyy is an economy analyst and a co-founder of the Institute for Competition Protection. His ‘know-how’ in economic analysis of the relevant markets helped the clients obtain merger clearance with the AMCU.If necessary, Shkred Attorneys retains (upon client’s authorization) other experts and professionals in the relevant area to achieve the objective.

PRACTICES:

Domestic and Cross-Border Dispute Resolution: Litigation and Arbitration
Corporate Insolvency and Winding-up
Recognition and Enforcement of Foreign Arbitral Awards and Court Judgments
In- and Outbound Investments (Ukraine, Cyprus)
Intellectual Property Protection: Trademarks, Industrial Designs, Anti-Counterfeit, Copyright
Banking: Secured Cross-Border Lending, Trade Finance
Commercial and Contract Law
Mergers and Acquisitions
Company formation and administration (Cyprus, Ukraine, the United Kingdom), set-up of a bank account, anti-fraud policies and procedures, KYC procedures

Shkred Attorneys
17 Panasa Myrnogo St. Apt. 26
KYIV 01011
Ukraine
ph: +380-50-297-1988
admin@shkred-law.com

members of our team:

Mr. Volodymyr Shkred is the managing partner. He graduated with the LL.M. degrees from Penn State University Dickinson School of Law, Pennsylvania, USA (Class 2007), the Central European University, Budapest, Hungary (Class 2001) and the Kyiv National Shevchenko University School of Law (Class 1999). He also received diploma of teacher of English and German from the Pre-Carpathian Stefanyk University, Ivano-Frankivsk, Ukraine (Class 1994).

His s career has included a position of a partner with Arzinger law firm (Kyiv, Ukraine), internship with Mary Kay Inc in Dallas, Texas; the chief legal counsel with (Ukrainian Mobile Communications (MTS Ukraine) and Sun Interbrew Ltd. Ukraine (InBev Ukraine). Mr. Shkred started his career as an associate and paralegal with the Law and Patent office Grischenko & Partners.

Mr. Shkred is a member of the Ukrainian Bar Association, the Ukrainian-American Bar Association (UABA) and the American Bar Association (ABA) International Law Section, an honorary member of association of legal scholars of the Centre for International Legal Studies, Salzburg, Austria;

He is fluent in English, Ukrainian, Russian and has a working knowledge of German.

Mr. Petro Kushnirenko is an of Counsel to the firm and a co-founder of the Institute for Competition Protection. His outstanding expertise includes the history of clients’ representation before the Antimonopoly Committee of Ukraine in the many large-scale merger clearances in this country. Prior to his private practice Mr. Kushnirenko was employed with the Antimonopoly Committee of Ukraine (AMCU).

Mr. Serhiy Galuzinskyy is an economy analyst and a co-founder of the Institute for Competition Protection. His ‘know-how’ in economic analysis of the relevant markets helped the clients obtain merger clearance with the AMCU.

If necessary, Shkred Attorneys retains (upon client’s authorization) other experts and professionals in the relevant area to achieve the objective.

National Bank of Ukraine Introduces Escrow Accounts

Effective from 21 December 2017, the National Bank of Ukraine (the "NBU") has allowed use of escrow accounts in Ukraine. This appears to be the efforts of the national regulator to implement amendments made to the Civil Code made earlier in 2017. This legislative novelty has been long awaited by the business community.

The new regulations of the NBU now enable Ukrainian banks to open escrow accounts in different currencies for both Ukrainian residents and foreign investors.

While escrow accounts have been introduced primarily to support recent corporate governance reform dealing with squeeze-out and sell-out mechanisms for Ukrainian joint-stock companies, these accounts may be used in many other areas as well.

One of the obvious uses of the escrow accounts is minimizing risks during a transaction with counterparty. Essentially, it helps to balance the rights and interests of the parties, while relying on the services of an escrow agent (for instance a trusted bank). In practice, the use of escrow accounts is employed at most types of M&A and secured lending transactions in Ukraine.

Shkred Attorneys
17 Panasa Myrnogo St. Apt. 26
KYIV 01011
Ukraine
ph: +380-50-297-1988
admin@shkred-law.com