AVELLUM was delighted to win Ukraine Firm of the Year at the 22nd annual IFLR Europe Awards. The firm performed exceptionally at a local and national level to see off strong competition from peers.

IFLR’s Awards Editor, James Wilson, said of AVELLUM’s win: “AVELLUM picked up the national firm award thanks to an innovative performance in a difficult year. Among its key pieces of work, the firm helped draft the Law on Shareholder Agreements, including sections governing limited liability companies (LLC). This 12-month project opened the way for shareholders of LLCs and joint stock companies to enter into shareholders’ agreements for the first time in Ukraine. The Law also enshrined the concept of fiduciary duties of management towards shareholders and other stakeholders and enabled the registration of shares of LLCs in the depositary system. The AVELLUM team went on to put these rules into practice by closing some of the first transactions using the new shareholders’ agreements.” 

IFLR’s Managing Editor, John Crabb, said of the awards: “We are delighted to be able to present the winners of the 22nd IFLR Europe awards. It is a disappointment that the awards must once again be virtual but it is worth pointing out we have remained committed to finding out about and highlighting the most innovative cross-border work across the continent."

“There has been a great deal of innovation this year – not least because organisations have had to be innovative to adapt and position themselves in the new environment and ride through the storm. We firmly believe it is important to highlight this work now, as it will shape what is to come next. Of course, we hope that next year we will be able to celebrate the winners in person and bring everyone back together in one room.”

IFLR focuses on legal innovation in cross-border deal making. The awards showcase transactions that break new legal ground, set precedents and develop the legal environment for cross-border corporate finance. in during the research period.

When searching for innovation, IFLR looks for new legal structures, deals that overcame regulatory hurdles and regional firsts that adapt technology to local markets. The difficulty and intricacy of the innovation is assessed, alongside its likely market impact.