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Advising Standard Chartered Bank throughout the establishment of a Ukrainian-based Representative Office

Client: Standard Chartered Bank

On 23 July 2008 the National Bank of Ukraine registered a Ukrainian-based Representative Office of Standard Chartered Bank.

Standard Chartered is wholly owned by Standard Chartered PLC which is listed on both London Stock Exchange and Hong Kong Stock Exchange, and ranks among the top 25 companies in the FTSE-100 by market capitalization.

Headquartered in London, Standard Chartered Bank operated for over 150 years in some of the world’s most dynamic markets, leading the way in Asia, Africa and the Middle East.

By establishing a Ukrainian-based Representative Office Standard Chartered Bank secures a dual presence in Ukraine - through the Representative Office of the American Express Bank Limited, acquired by the Standard Chartered Bank on 29 February 2008, and through its own branch.

Vasil Kisil & Partners has acted as a legal adviser to Standard Chartered Bank throughout the establishment process of the Ukrainian-based Representative Office and, in particular, advised on corporate, employment and regulatory matters as well as assisted in the process of the Representative Office registration with the National Bank of Ukraine. Prior to this Vasil Kisil & Partners also advised Standard Chartered Bank on the Ukrainian law matters of the American Express Bank Limited acquisition.

The team of Vasil Kisil & Partners included associates Yulia Kyrpa, Oksana Zizda and Oksana Franko led by firm’s partner Denis Lysenko.

Vasil Kisil & Partners’ Banking & Finance practice of is a rapidly developing practice of the firm, recommended by the last editions of the leading international handbooks – PLC Which Lawyer? and IFLR1000. The dynamic expansion of VKP’s Banking &Finance practice reflects the trend outlined by the IFLR1000 2008 that states: “…the Ukrainian legal market is going through an interesting period. There has been a steady increase in banking and finance transactions, and international interest is also growing. Ukrainian banks are being targeted by international and European banks…”