Following increased activity in international financial markets and the subsequent financial crisis in 2008, Ukrainian businesses faced the need for sophisticated workout solutions. As one of the most involved legal advisors on complex finance deals, Sayenko Kharenko is the natural choice for Ukrainian borrowers, foreign lenders and financial advisors to assist in forming strategies and implementing debt restructuring deals.
Today Sayenko Kharenko stands as one of the market leaders in financial restructuring and workouts offering clients:
- One of the country’s best legal teams in finance, corporate, tax law and litigation with full coordination in restructuring deals
- Deep understanding of complex debt structures involving multiple creditors, multilevel corporate networks and wide diversity of debt instruments
- Strong background in legal solutions recognized by international creditors and adjusted to Ukrainian requirements
- Experience in participating in both local insolvencies and foreign out-of-court and court-approved procedures (such as English Law schemes of arrangement)
Sayenko Kharenko has assisted international donors and Ukrainian regulators in improving the existing and creating a new legal framework to facilitate the Ukrainian restructuring environment, including drafting the law on a special out-of-court financial restructuring procedure (so-called “Kyiv approach”). The firm’s lawyers are featured on the list of arbitrators for the resolution of disputes under the financial restructuring law.