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CMS Ukraine provides access to more than 40 domestic and internationally qualified lawyers, who combine their understanding of the Ukrainian market with the requirements and expectations of global organisations & investors

11/05/2026

Ukraine expands arbitration jurisdiction with landmark reform

Ukraine is adopting (awaiting for the President's signature) major amendments to its international arbitration legislation, significantly broadening the types of disputes that can be resolved through arbitration in Ukraine. The reform is designed to strengthen Ukraine’s position as an arbitration-friendly jurisdiction and support its ambition to become a regional hub for investment arbitration.

The amendments expand the scope of “international” disputes, allow Ukrainian arbitration institutions to hear investor-state disputes for the first time, and extend arbitration to certain capital markets disputes. The new rules are also expected to apply retroactively to existing arbitration agreements — a move that could immediately increase the use of Ukrainian-seated arbitration in cross-border transactions and investment projects.

Read more: https://cms.law/en/ukr/legal-updates/ukraine-expands-arbitration-jurisdiction-with-amendments-to-key-law

05/05/2026

The Register of Damage for Ukraine has opened new claim categories for legal entities and state bodies — marking the first time businesses can formally submit claims for war-related losses. The expansion covers infrastructure damage and business asset losses, including lost profits, bringing the mechanism closer to a comprehensive international compensation framework.

This development is a major step toward a global reparations system, with claims submitted digitally and set to be reviewed by a future International Claims Commission. Companies affected by the war may want to explore how the new categories apply and what is required to file a claim.

Read more: https://bit.ly/42MNNo3

28/04/2026

Ukraine updates REMIT requirements for non-resident energy market participants

Ukraine has introduced new REMIT requirements requiring non-resident companies to appoint a local representative for purposes of representation in matters related to wholesale energy market activities. The changes, adopted by the Ukrainian energy regulator, further align Ukraine’s market rules with EU standards and will take effect after the end of martial law in Ukraine.

For international energy companies, the introduction of the appointed representative requirement is an important regulatory development for non-resident participants of the Ukrainian wholesale energy market. Businesses operating in or entering Ukraine’s energy market may want to assess early how the new requirements will affect their business activities and ensure readiness ahead of implementation.

Read more: https://cms.law/en/ukr/legal-updates/ukraine-updates-remit-requirements-for-non-resident-companies-effective-after-the-end-of-martial-law?utm_source=legal_update-realtime&utm_medium=email&utm_campaign=Ukraine%20updates%20REMIT%20requirements%20for%20non-resident%20companies%20effective%20after%20the%20end%20of%20martial%20law&utm_id=7060&utm_term=read_more&utm_content=880972

23/04/2026

Ukraine’s restructuring framework continues to evolve in exceptionally challenging circumstances.

In this video, Kateryna Chechulina discusses restructuring in Ukraine today, including the recently introduced preventive restructuring mechanism designed to align more closely with EU legislation.

The video highlights key features of the current framework and the broader context in which businesses, lenders and investors may be assessing restructuring options.

For stakeholders with exposure to Ukraine, understanding both the legal developments and the practical realities remains essential.

Contact us to discuss restructuring considerations involving Ukraine!

22/04/2026

Ukraine revises state supervision rules: what businesses need to know

Ukraine has adopted a new law to overhaul its state supervision framework, introducing a more structured, risk-based approach to inspections and expanding digital interaction between businesses and regulators. The reform aims to replace the current inspection regime with a system that prioritises transparency, predictability, and preventive compliance.

Key changes include the introduction of audits as a non-punitive tool, mandatory recording of inspections, and enhanced complaint mechanisms. For businesses, this could mean fewer unexpected inspections, clearer procedures, and greater emphasis on early risk management — making it important to understand how the new framework will operate once in force.

Read more: https://cms.law/en/ukr/legal-updates/ukraine-revises-state-supervision-framework-key-changes-for-business

21/04/2026

CMS has advised -asa- on the EUR 100 million project financing provided by European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and Banca Comercială Română (BCR) for its 190 MW solar portfolio “Dobrun & Sadova” in Romania.

CMS advised on all aspects of the project financing, including finance and security documents.

🔗Find out more 👉 https://cms.law/en/rou/news-information/cms-advises-scatec-on-project-financing-for-190-mw-solar-portfolio-in-romania

The CMS multidisciplinary team advising Scatec was led by Ramona Dulamea (Energy and Projects) and Kateryna Chechulina (Finance) with key support under the supervision of partner Varinia Radu. The wider team included Dan Patrascu, (Finance); Raluca Diaconeasa and Madalina Constantinescu (Energy); Alexandru Trandafir (Real Estate), Liudmyla Stryzhak (Finance). CMS team also included Dag Thomas Hansson (CMS Norway) and Alican Babalioglu and Eylul Sakoglu (CMS Turkey).

20/04/2026

Ukraine adopts national programme to align legislation with EU law

On 1 April 2026, Ukraine approved a comprehensive National Programme to align its legislation with EU law, marking a key milestone in its EU accession process. The framework sets out a structured roadmap for reforms across multiple sectors, including energy, infrastructure, and financial regulation, based on EU standards and negotiation benchmarks.

The programme introduces a detailed system for monitoring, coordination, and implementation, with clear timelines and responsibilities for state authorities. For businesses, this signals accelerated regulatory change and closer integration with EU rules — making it essential to understand how upcoming reforms may impact operations, projects, and compliance strategies.

Read more: https://cms.law/en/ukr/legal-updates/ukraine-approves-national-programme-for-aligning-legislation-with-eu-law?utm_source=legal_update-realtime&utm_medium=email&utm_campaign=Ukraine%20approves%20national%20programme%20for%20aligning%20legislation%20with%20EU%20Law&utm_id=7011&utm_term=read_more&utm_content=880141

16/04/2026

Ukraine enhances electricity market regulations

Ukraine has enacted a major reform of its renewable energy sector, improving “green” auctions, expanding battery energy storage systems (BESS) integration, and aligning key mechanisms with EU standards. The Law represents significant progress in Ukraine's efforts to modernise its electricity market framework and enhance investment conditions for renewable energy projects.

The reform is expected to significantly improve the investment case for renewable projects, while enhancing grid resilience and enabling faster project development. Investors and developers may want to explore how these changes reshape opportunities in Ukraine’s energy market.

Learn more: https://cms.law/en/ukr/legal-updates/ukraine-enhances-electricity-market-regulations?utm_source=leg…

02/04/2026

The EU Carbon Border Adjustment Mechanism (CBAM) is no longer just policy - it is a business reality with major implications for Ukraine’s export-driven industries.

With the EU accounting for nearly half of Ukraine’s total goods trade, Ukrainian producers are among the most exposed third‑country suppliers under CBAM. Sectors such as iron and steel, cement, aluminium and fertilisers - the backbone of Ukraine’s export‑oriented heavy industry - are already facing increased compliance, reporting and contractual challenges. Considering the upcoming CBAM requirements, businesses will need to ensure authorisation, accurate emissions tracking, verified data and timely settlement of CBAM obligations to maintain access to EU markets.

At the same time, CBAM creates strategic opportunities - accelerating investment in decarbonisation, energy efficiency and green finance. However, Ukraine’s limited access to financing and the ongoing impact of the war make a differentiated approach essential to avoid irreversible competitive losses.

To learn more about key insights and an action plan for Ukrainian exporters navigating CBAM, please read our publication in Legal Industry Reviews journal.

Full article (page 40): https://thelegalindustry.com/ukraine/

31/03/2026

Ukraine’s National Recovery Plan envisions USD 750bn accumulated investment, and foreign governments and international financial institutions have pledged USD 1trn in support.

Importantly, international support is targeting more than just rebuilding the destruction caused by the war; it is targeting Ukraine’s future economic recovery and growth.

Find out more: https://cms.law/en/int/publication/rebuilding-ukraine

Key contacts: Olga Shenk, Kateryna Chechulina, Natalia Kushniruk, Olga Belyakova, Borys Danevych, Maria Orlyk, Vitaliy Radchenko, Tetyana Dovgan

25/03/2026

Our Ukraine team continues to lead the market, as recognised in the Legal 500 EMEA 2026 rankings.

We are proud to be ranked Tier 1 in Banking, Finance & Capital Markets, Commercial, corporate and M&A, Energy, Real Estate & Construction, Competition, and Employment, and to be recognised as a key player in Intellectual Property, Tax, White Collar Crime and Dispute Resolution.

We are sincerely grateful to our clients for their trust, feedback and continued support.

Special congratulations to our ranked lawyers: Vitaliy Radchenko, Ihor Olekhov, Tetyana Dovgan, Natalia Kushniruk, Olga Belyakova, Borys Danevych, Maria Orlyk, Kateryna Chechulina and Viktoriia Stavchuk Mulundkar.

More details: https://www.legal500.com/c/ukraine/practice-areas

Address

вУлица Володимирська, 38
Kyiv
01054

Telephone

+380443913377

Website

https://cms.law/en/UKR/Office/Kyiv-Volodymyrska-Street

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