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REDCLIFFE Partners

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REDCLIFFE Partners
Company typePrivate company
IndustryLaw Firm
PredecessorClifford Chance
Founded2015; 9 years ago (2015)
FounderOlexiy Soshenko and Dmytro Fedoruk
Headquarters
Kyiv
,
Ukraine
Key people
Olexiy Soshenko, Dmytro Fedoruk, Andriy Nikiforov, Albert Sych, Zoryana Sozanska-Matviychuk, Yuriy Terentyev, Anastasia Usova, Rob Shantz
ServicesBanking & Finance, Corporate and M&A, Antitrust, Energy, Tax, Capital Markets, Restructuring, Insolvency and Special Situations, International Arbitration, Litigation, White-Collar Crime, Employment and Benefits, Real Estate, Data Protection and Privacy law
Websiteredcliffe-partners.com

Redcliffe Partners (Ukrainian: Редкліфф Партнерз) is an independent Ukrainian law firm, founded in December 2015 in Kyiv through the transformation of the Kyiv office of the international law firm Clifford Chance.[1][2]

As of 2024, Redcliffe Partners was among the top 5 law firms in Ukraine according to the IFLR Europe Awards[3] and the top 7 best law firms in Ukraine according to The Lawyer.[4] It is a Tier 1 firm in Ukraine according to The Legal 500 EMEA in practices:

  • Banking, Finance, Capital Markets[5]
  • Corporate, Commercial, M&A[6]
  • Energy[7]

It was also a Tier 1 firm in Banking and Finance according to the IFLR1000[8] ranking and a leading firm in the Antitrust/Competition, Corporate and M&A and Banking and Finance according to Chambers Europe.[9][10]

History

[edit]

In 2008, Clifford Chance, the first law firm from the "Magic Circle" of five prestigious international firms headquartered in London, opened its office in Ukraine.[11]

In the summer of 2015, due to the unstable economic situation in Ukraine, the annexation of Crimea by Russia and the war in the east of Ukraine, Clifford Chance decided to stop working in Ukraine, and the Clifford Chance office in Kyiv was reorganised into Redcliffe Partners on December 1, 2015.[12] The firm was headed by Olexiy Soshenko and Dmytro Fedoruk, who previously worked at Clifford Chance.[13][14][15][16] Rob Shantz and Zoryana Sozanska-Matviychuk also joined Redcliffe Partners as partners.[17]

Clifford Chance has entered into a "best friends" agreement with the reorganised Redcliffe Partners, and the lawyers who formerly comprised Clifford Chance's core Ukrainian team continued to work at Redcliffe Partners.[18][19][20]

Operations after a full-scale invasion on February 24, 2022

[edit]

Redcliffe Partners remains fully operational throughout the war. Having relocated some of the personnel abroad, the firm is able to continue working on deals despite the power shortages in Ukraine as a result of Russian missile attacks on the country's critical infrastructure.[21][22][23][24]

During this time, the firm gained a recognised expertise in the issue of compensation for damages caused by the Russian aggressor, which is one of the strategic areas of the company's work.[25]

Social responsibility

[edit]

Redcliffe Partners strongly supports and fosters the growth of young professionals. To help students learn from experts, the firm's lawyers regularly participate in events where they share their expertise.[26][27]

The firm is constantly involved in pro bono projects, both globally[28] and in Ukraine. Notably, they provide free legal assistance to Ukrainian volunteer foundations.[29]

Notable transaction

[edit]

Redcliffe Partners acted as Ukrainian legal counsel to the U.S. International Development Finance Corporation (DFC), International Finance Corporation (IFC), and the European Bank for Reconstruction and Development (EBRD) on a US$480 million financing to MHP, one of the largest food and aggrotech groups in Ukraine and Eastern Europe, to refinance its Eurobonds, sustain its operations and enhance its capacity for sustainable power generation, reducing its carbon footprint.[30][31][32][33][34] The transaction was recognised as the deal of the year by the 2023 CEE Deal of the Year Awards.[35][36]

Redcliffe Partners has scored a courtroom victory for the Nordic Investment Bank, the international financial institution of the Nordic and Baltic countries, at the Grand Chamber of the Supreme Court, whose ruling in this case sets one of the most resounding and important court precedents in the context of cross-border finance deals.[37][38]

In January 2021, Redcliffe Partners advised US investors Aspect Energy and SigmaBleyzer in connection with the 18-month negotiation and successful signing of a Production Sharing Agreement (PSA) with the State of Ukraine. These are the first US investors to invest via PSA since the exit of Chevron from Ukraine in 2014.[39][40]

In April 2020, Redcliffe Partners played a key role in facilitating Ukraine's first-ever product enhancement contract (PEC) signed by UkrGasVydobuvannya.[41]

In the spring of 2019, Redcliffe acted as a Ukrainian legal adviser to J.P. Morgan Securities Plc as debt coordinator in connection with financing of the construction of the first phase of a 250 MW wind power plant near Syvash Lake, in the Kherson Region of Ukraine. The signing ceremony occurred at the World Economic Forum in Davos in the presence of the President of Ukraine, Mr. Poroshenko.[42][43][44][45] The deal was included in the list of the best deals of 2020 by the IFLR Europe Awards.[46]

In 2018, Redcliffe Partners acted as a legal counsel to the Saudi Agricultural & Livestock Investment Company (SALIC) in acquiring the assets of Mriya Agro Holding. This is one of the most anticipated and complex transactions in the Ukrainian agribusiness sector to date.[47] The transaction was recognised as the deal of the year by the 2018 CEE Deal of the Year Awards.[48][22]

References

[edit]
  1. ^ "Clifford Chance Law Office in Kyiv Re-established as an Independent Law Firm "REDCLIFFE PARTNERS" - U.S.-Ukraine Business Council (USUBC)". www.usubc.org. Archived from the original on 2022-08-13. Retrieved 2024-03-23.
  2. ^ Ponomarenko, Illia (2018-12-26). "Dmytro Fedoruk, unafraid of Ukraine's risks, strikes out on his own with in Redcliffe Partners law firm - Dec. 26, 2018". Kyiv Post. Retrieved 2024-07-11.
  3. ^ "IFLR Europe Awards 2024: shortlist revealed". IFLR. 2024-02-08. Archived from the original on 2024-04-19. Retrieved 2024-06-17.
  4. ^ Lawyer, The (2023-09-15). "The Lawyer European Awards 2023: Shortlist revealed". The Lawyer | Legal insight, benchmarking data and jobs. Archived from the original on 2024-04-20. Retrieved 2024-06-17.
  5. ^ "Banking, finance and capital markets in Ukraine | Law firm and lawyer rankings from The Legal 500 Europe, Middle East & Africa guide". www.legal500.com. Archived from the original on 2024-04-05. Retrieved 2024-06-17.
  6. ^ "Commercial, corporate and M&A in Ukraine | Law firm and lawyer rankings from The Legal 500 Europe, Middle East & Africa guide". www.legal500.com. Archived from the original on 2024-01-18. Retrieved 2024-06-17.
  7. ^ "Energy in Ukraine | Law firm and lawyer rankings from The Legal 500 Europe, Middle East & Africa guide". www.legal500.com. Archived from the original on 2024-04-05. Retrieved 2024-06-17.
  8. ^ "Redcliffe Partners - Ukraine - Firm Profile | IFLR1000". www.iflr1000.com. Archived from the original on 2024-04-02. Retrieved 2024-06-17.
  9. ^ "Redcliffe Partners". chambers.com. Archived from the original on 2024-04-02. Retrieved 2024-06-17.
  10. ^ "Українські компанії у рейтингу Chambers Global 2022 - Юридична Газета". yur-gazeta.com. Archived from the original on 2024-06-17. Retrieved 2024-06-17.
  11. ^ Poludenko, Anna (2008-03-12). "Clifford Chance latest multinational law firm to open Kyiv practice - Mar. 13, 2008". Kyiv Post. Archived from the original on 2024-05-15. Retrieved 2024-06-03.
  12. ^ "Clifford Chance | Clifford Chance in Ukraine". Clifford Chance. Archived from the original on 2024-06-18. Retrieved 2024-06-03.
  13. ^ Ponomarenko, Illia (2018-12-26). "Dmytro Fedoruk, unafraid of Ukraine's risks, strikes out on his own with in Redcliffe Partners law firm - Dec. 26, 2018". Kyiv Post. Archived from the original on 2024-05-14. Retrieved 2024-03-23.
  14. ^ "Все в Сеть: развитие e-commerce в Украине и его перспективы — Delo.ua". delo.ua (in Russian). 2016-09-16. Archived from the original on 2024-06-03. Retrieved 2024-03-23.
  15. ^ "Magic circle law firms' revenues hampered by currency shifts". Financial Times. Archived from the original on 2024-06-03. Retrieved 2024-03-23.
  16. ^ Лавский, Владимир (18 November 2020). "Київська юридична фірма розповіла, як супроводжувала угоди на понад 3, 5 млрд $". money.comments.ua. Archived from the original on 2024-06-03. Retrieved 2024-03-23.
  17. ^ "CLIFFORD CHANCE LAW OFFICE IN KYIV RE-ESTABLISHED AS AN INDEPENDENT LAW FIRM "REDCLIFFE PARTNERS" - U.S.-Ukraine Business Council (USUBC)". www.usubc.org. Retrieved 2024-07-11.
  18. ^ "Новою держуповноваженою АМКУ може стати юристка відомої компанії". Економічна правда (in Ukrainian). Archived from the original on 2024-05-31. Retrieved 2024-03-23.
  19. ^ "Ukraine". Clifford Chance. Archived from the original on 2017-04-05. Retrieved 2024-03-23.
  20. ^ "Право на деньги: Как юридические компании выживают в кризис — Delo.ua". delo.ua (in Russian). 2016-03-29. Archived from the original on 2024-05-31. Retrieved 2024-03-23.
  21. ^ "Redcliffe Partners виступила радником SALIC у зв'язку з придбанням активів групи "Мрія"". eba.com.ua. 2018-09-17. Archived from the original on 2021-09-23. Retrieved 2024-03-23.
  22. ^ a b Stuckey, David (2019-03-29). "CEE Law Firms Celebrate Successes at Second Annual Deal of the Year Awards in Budapest". CEE Legal Matters. Archived from the original on 2024-05-31. Retrieved 2024-03-23.
  23. ^ "Redcliffe Partners Advises EBRD on EUR 24 Million Loan to MHP". eba. June 24, 2022. Archived from the original on July 7, 2022. Retrieved June 17, 2024.
  24. ^ Gelashvili, Teona (2022-10-12). "Hot Practice in Ukraine: Dmytro Fedoruk on Redcliffe Partners' Corporate/M&A Practice (Ini". CEE Legal Matters. Retrieved 2024-06-24.
  25. ^ "Можу стверджувати, що судова система майже відновила свою довоєнну активність - Юридична Газета". yur-gazeta.com. Archived from the original on 2024-04-02. Retrieved 2024-06-17.
  26. ^ "Новини: День правничої кар'єри". knu.ua. Archived from the original on 2024-04-02. Retrieved 2024-06-17.
  27. ^ "Redcliffe Partners on LinkedIn: #finance #university #banking #law #students". www.linkedin.com. Archived from the original on 2024-04-02. Retrieved 2024-06-17.
  28. ^ Stuckey, David (2020-03-17). "Redcliffe Partners and Clifford Chance Contribute to Global Pro Bono Project on Human Right to Healthy Environment". CEE Legal Matters. Archived from the original on 2024-04-02. Retrieved 2024-06-17.
  29. ^ Olesia (2022-10-19). "Hot Practice in Ukraine: Dmytro Fedoruk on Redcliffe Partners' Corporate/M&A Practice (Initially) in Ukraine". Redcliffe Partners. Archived from the original on 2024-04-02. Retrieved 2024-06-17.
  30. ^ Djonovic, Andrija (2023-12-04). "Redcliffe Partners and Avellum Advise on USD 480 Million Loan to MHP". CEE Legal Matters. Archived from the original on 2024-04-02. Retrieved 2024-03-23.
  31. ^ "Redcliffe Partners Advises DFC, IFC, and EBRD on USD 480 Million Financing Package to MHP". eba.com.ua. 2023-11-29. Archived from the original on 2024-02-25. Retrieved 2024-03-23.
  32. ^ "Redcliffe Partners Advises DFC, IFC, and EBRD on USD 480 Million Financing Package to MHP". The American Chamber of Commerce in Ukraine. Archived from the original on 2024-04-02. Retrieved 2024-03-23.
  33. ^ "IFC, EBRD, DFC Help Bolster Ukrainian Agribusiness Sector, Strengthen Global Food Security | DFC". www.dfc.gov. Archived from the original on 2024-04-02. Retrieved 2024-03-23.
  34. ^ Elena (2023-11-29). "Redcliffe Partners advises DFC, IFC, and EBRD on USD 480 million financing package to MHP". Redcliffe Partners. Archived from the original on 2024-04-26. Retrieved 2024-06-03.
  35. ^ "2023 CEE Deals of the Year Shortlists". doty.ceelegalmatters.com. Archived from the original on 2024-04-02. Retrieved 2024-03-23.
  36. ^ Cotarcea, Radu (2024-04-26). "CEELM Deal of the Year Awards Banquet: And the Winner Is…". CEE Legal Matters. Archived from the original on 2024-05-21. Retrieved 2024-06-03.
  37. ^ "Redcliffe Partners obtained a big win for the Nordic Investment Bank at the Supreme Court". eba. February 14, 2022. Archived from the original on 2022-02-14. Retrieved 2024-06-17.
  38. ^ Olesia (2022-02-08). "Redcliffe Partners obtained a big win for the Nordic Investment Bank at the Supreme Court". Redcliffe Partners. Archived from the original on 2024-04-26. Retrieved 2024-06-17.
  39. ^ "Redcliffe Pаrtners: Інвестори очікують перших success stories українських УРП проектів — EXPRO Consulting". expro.com.ua (in Ukrainian). Retrieved 2024-03-23.
  40. ^ Antonyk, Anastasiia (2021-01-18). "Redcliffe Partners: Aspect Energy and SigmaBleyzer sign a Production Sharing Agreement with the State of Ukraine for oil and gas exploration and production". nucc.no. Archived from the original on 2024-05-31. Retrieved 2024-03-23.
  41. ^ ""Укргаздобыча" через 8 месяцев рассчитывает заключить первые PEC контракты — НафтоРинок". www.nefterynok.info (in Russian). Archived from the original on 2024-06-17. Retrieved 2024-06-17.
  42. ^ Stuckey, David (2019-11-08). "Inside Out: Framework Financing Agreement for Syvash Wind Farm Ukraine". CEE Legal Matters. Archived from the original on 2024-05-31. Retrieved 2024-03-23.
  43. ^ Stuckey, David (2019-04-25). "K&L Gates, Integrites, and Redcliffe Partners Advise on Segment 2 of Ukraine's Syvash Wind Power Project". CEE Legal Matters. Archived from the original on 2024-05-31. Retrieved 2024-03-23.
  44. ^ "Redcliffe Partners виступила радником ЄБРР та НЕФКО стосовно фінансування найбільшого проекту з відновлюваної енергетики в Україні". eba.com.ua. 2019-02-15. Archived from the original on 2021-08-02. Retrieved 2024-03-23.
  45. ^ "Юридична компанія Redcliffe Partners з приємністю повідомляє про призначення партнером Світлани Теуш, яка очолює практики відновлюваної енергетики, нерухомості та будівництва". Американська торговельна палата в Україні. Archived from the original on 2024-05-31. Retrieved 2024-03-23.
  46. ^ "IFLR Europe Awards 2020: shortlist revealed". IFLR. 2020-02-19. Archived from the original on 2024-04-26. Retrieved 2024-06-03.
  47. ^ "Redcliffe Partners advised SALIC in connection with the Mriya Group acquisition". eba. September 17, 2018. Archived from the original on December 1, 2021. Retrieved June 17, 2024.
  48. ^ "Найбільш перспективними в Україні для юридичних послуг є енергетична сфера, агропромислова та стартапи". Gazeta.ua (in Ukrainian). 2020-11-17. Archived from the original on 2024-05-31. Retrieved 2024-03-23.
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