Recovery Ukraine by Interlegal

67% of transport companies plan to invest in business development in 2025 These are the findings of the annual Infrastructure Index 2024, conducted by the European Business Association in collaboration with law firms Arzinger and Sayenko Kharenko. In 2024, 59% of companies reported making such investments. The majority focused on modernising existing facilities (59%), developing new infrastructure and facilities (44%), and acquiring ready-made assets (16%). You can find full Infrastructure Index 2024 here: https://lnkd.in/gn4QfsEg

Italian shipbuilder prepares reconstruction of the Odesa Sea Port The Italian company Fincantieri is leading the way with a plan to develop the Odesa Sea Port, while Wall Street giants such as Blackstone, Carlyle and KKR are trying to grab a piece of the Ukrainian market, as reported by the Asia Times. Fincantieri, the largest European shipbuilder based in Trieste, Italy, has been quietly working to transform Ukraine’s defunct state-owned shipyards in the Odesa Sea Port into a state-of-the-art production center that will build some of the most advanced commercial vessels worldwide. Full news story at the link: https://lnkd.in/gBXEXzVA

400 jobs and UAH 763 million in investments: Government registers new industrial park in Zakarpattia region The Cabinet of Ministers has registered the new Muzhay Industrial Park in Zakarpattia region. The Government made the decision at a meeting on 5 December. “The creation of more than 400 jobs in various manufacturing industries, as well as in the field of science and technology, will be a significant stimulus for the region’s economic growth. The park will help attract investment and develop the industry of Zakarpattia within the framework of the Made in Ukraine policy, which allows supporting Ukrainian business even in difficult conditions,” said Vitaliy Kindrativ, Deputy Minister of Economy of Ukraine. Full news story at the link: https://lnkd.in/gec8Mez8

In brief: regulation of inbound foreign investment in Ukraine In our new article, we reveal the following topics: ✔️ Does the state have a foreign investment promotion programme?  ✔️ Identify the domestic laws that apply to foreign investors and foreign investment, including any requirements of admission or registration of investments. ✔️ Identify the state agency that regulates and promotes inbound foreign investment.  ✔️ Identify the state agency that must be served with process in a dispute with a foreign investor. You can read full article here: https://lnkd.in/gUFGnT3M

70% of surveyed companies plan to invest in Ukraine despite the war This is demonstrated by the latest wave of the “Ukraine’s Investment Attractiveness Index” survey, conducted by the European Business Association in partnership with NEQSOL Holding. The integral score of the Index slightly improved in 2024, reaching 2.49 out of 5 (compared to 2.44 in 2023). Read full article here: https://lnkd.in/gnXn9erq

At a glance: investment treaty practice in Ukraine Does the state have a central repository of treaty preparatory materials? Are such materials publicly available? The Ministry of Foreign Affairs maintains a State Departmental Archive that houses official documents, including original international treaties and related preparatory materials. What is the typical scope of coverage of investment treaties? What substantive protections are typically available? What are the most commonly used dispute resolution options for investment disputes between foreign investors and your state? Does the state have an established practice of requiring confidentiality in investment arbitration? Does the state have an investment insurance agency or programme? Read the full article to find out all answers: https://lnkd.in/g8nmavi8

What standard contract forms are used for construction and design? Must the language of the contract be the local language? Are there restrictions on choice of law and the venue for dispute resolution? In Ukraine, there is no standard mandatory form of a construction contract. The General Conditions for Conclusion and Performance of Capital Construction Contacts’ approved by the Resolution of the Cabinet of Ministers of Ukraine No. 668, dated 1 August 2005 (Regulation No. 668) provides recommended terms and conditions of construction contract in capital construction, which the parties may deviate, provided that the provisions of the contract do not contradict imperative (mandatory) provisions of Ukrainian law. Regulations No. 668 provides that the general conditions should be ‘mandatorily taken into consideration’ irrespective of the sources of construction funding or the form of ownership of an employer or a contractor. Read more about construction contracts and insurance in Ukraine here: https://lnkd.in/g2Mz66mC

Ukraine offers industrial parks as one of several special legal regimes to facilitate investments and future recovery. Industrial parks are among structuring options for the projects that entail real estate development in production, processing, energy, IT and some other sectors. In our new post we talk about: What is an industrial park? Incentives and benefits for industrial parks Requirements to an applicant to get certain state incentives What activities can be carried out in an industrial park? What facilities can be placed in an industrial park? What activities cannot be carried out in an industrial park? Organization of an industrial park Find answers to all questions using the link: https://lnkd.in/g4HeSN9R

WTW sees new market opportunities and offers insurance policies for organizations planning to operate in Ukraine. In response to market needs, Willis Towers Watson (WTW) developed Personal Accident and Emergency Medical Assistance insurance in Ukraine. According to WTW General Director Vyacheslav Andriyko, for organizations contemplating entry into the Ukrainian market, due consideration should be given to the increasing emphasis on the duty of care and the necessity of providing the best possible protection to their staff and contractors working on behalf of the insured organization. News details at the link: https://lnkd.in/gR-v7XwE

The Critical Role of Energy Equipment Imports in Ukraine’s Resilience Amidst Russian Aggression, and a Path Towards Renewable Future The ongoing Russian aggression has turned Ukrainian energy sector into a critical battlefield, with Russia’s relentless attacks targeting infrastructure that sustains Ukraine’s power grid and heating systems. Since the full-scale invasion began in February 2022, these attacks have inflicted unprecedented damage, pushing Ukraine’s energy system to the brink. Yet, amid the darkness lies an opportunity to rebuild the energy sector not only to survive the war but to emerge stronger, greener, and more self-reliant. Ukraine’s import patterns for energy equipment tell a story of both immediate necessity and long-term strategic thinking. The domestic production capacities were not sufficient to meet the energy demand following the destruction of domestic energy infrastructure, so in response the country has seen a significant surge in the imports of critical energy equipment. The share of energy equipment imports within Ukraine’s total imports nearly doubled from 1.4% in 2021 (EUR 0.9 billion out of EUR 61.6 billion) to 2.7% in 2023 (EUR 1.6 billion out of EUR 58.7 billion), reflecting the urgency to repair and replace what has been lost. Diesel generators and electricity storage systems have been at the forefront of this import surge, essential for ensuring backup power during frequent outages caused by ongoing Russian attacks. In our new publication we talk in more detail about: Share of energy equipment imports by category, annual total (2021-2023) Imports of energy equipment by technology Read the full article here: https://lnkd.in/gnaDfzVH