The Avrora group of companies, a leader in the Ukrainian dollar store market operating more than 900 stores, has expanded its business to the Romanian market. Vasil Kisil & Partners has been supporting this project of the Avrora Group acting as a general legal counsel.
Vasil Kisil & Partners managed the legal part of the project, engaged and coordinated foreign advisers, monitored the set-up of a company in Romania, and assisted in opening a bank account. Our lawyers also drafted documents for the project financing and advised the Group on Ukrainian law matters in connection with the entry to the Romanian market. The project involved legal matters in three jurisdictions, including corporate law, taxation, employment, regulations for retail, and compliance.
Vasil Kisil & Partners ensured the cooperation of local advisers and authorities, banks, the holding company of the Group, the Client’s project team, and the shareholders of the Group.
Commenting on this successful stage of business expansion, Lesia Klymenko, a shareholder and CFO of the Avrora Group, said, “A legal adviser should resolve legal issues effectively. Yet it is important for us that Vasil Kisil & Partners can add value by recommending practical business solutions, engaging partners, acting as project manager, and assisting in communication. We appreciate their proactive approach, practical view, and ability to implement effective solutions. Vasil Kisil & Parrtners’ experience helped us complete the project successfully and meet all requirements in its course.”
Volodymyr Igonin, Partner at Vasil Kisil & Partners, notes the specifics of advising businesses on entering new markets, “When a business expands, not only is it essential to learn about a new market, but also to make sure that new business conforms to the existing structure and processes. We are well-versed in the client’s business thanks to Avrora’s trust and comprehensive cooperation between Vasil Kisil & Partners and the Group. Thus, apart from legal expertise, we helped Avrora manage this promising project by dealing with a number of organisational matters and coordinating those involved. Our team is proud of Avrora who, in times of war, scale successful Ukrainian business up and expand to European markets.”
The Vasil Kisil & Partners project team included Volodymyr Igonin, Partner and Head of Corporate, Artem Shmatov, Senior Associate, and Olha Lynnyk, Junior Associate.
Stratulat Albulescu law firm acted as the adviser on Romanian law. The firm is a member of the TerraLex international legal network comprising 131 law firms in 118 countries. Vasil Kisil & Partners is an exclusive representative of TerraLex in Ukraine and has immediate access to leading law experts throughout the world.