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Portrait of Ihor Olekhov

Ihor Olekhov

Head of Banking & Finance Practice, CMS Cameron McKenna Nabarro Olswang

CMS Cameron McKenna Nabarro Olswang
6th Floor, 38 Volodymyrska Street
01054 Kyiv
Languages Ukrainian, English, Russian, Polish, German, French

Ihor Olekhov is a Partner and the Head of Banking & Finance Practice in Kyiv office of CMS Cameron McKenna Nabarro Olswang.  Ihor specialises in a broad range of finance, banking and investment projects and transactions, as well as corporate governance, corporate reorganisations and financial regulation of banks, investment companies and asset managers, and capital markets deals. Recognised as a leading banking & finance specialist in Ukraine, Ihor has a particular focus on complex international finance transactions, including acquisition finance, asset finance and project finance in the energy and natural resources sectors, M&A in the banking and financial services sectors, debt restructuring and insolvency, tax aspects of financial transactions and corporate reorganisations, asset management, and aircraft finance.

Ihor Olekhov is a regular member of working groups appointed to develop new legislation in Ukraine, including such recently a new Code of Corporate Governance and has actively contributed to the development of milestone legislative acts of Ukraine, such as the Law of Ukraine on Foreign Currency, the new JSC Law and many banking laws and regulations. Ihor Olekhov is one of the co-authors of the Law of Ukraine On Financial Restructuring and the draft Law of Ukraine on Asset Resolution Companies.  

As part of his asset finance expertise, Ihor has advised many leading leasing companies and international banks on various aspects of aircraft leasing operations in Ukraine, structuring leasing transactions for aircraft and engines, and for leasing of industrial equipment and infrastructure, both in Ukraine and internationally.  Ihor has also helped aircraft lessors to arrange arrest and repossessions of aircraft and equipment.

Ihor is the Co-Chairman of the Banking and Finance Committee of the American Chamber of Commerce. He is a recommended lawyer by the Chambers Europe, Legal 500 and Best Lawyers for his extensive expertise in banking regulatory mandates and banking M&A transactions. Clients highlight his "outstanding technical skills and excellent relationships with clients."

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Ihor Olekhov has good expertise in the banking industry in Ukraine.

Legal 500

Relevant experience

  • European Investment Bank (EIB) in relation to a €50 million loan to Ukraine’s first vertically integrated innovation park UNIT.City
  • European Bank for Reconstruction and Development (EBRD) on a loan of approximately USD 13.9 million to Irshanska SES LLC
  • Vienna Insurance Group on the landmark merger of two Ukrainian insurance companies: Ukrainian Insurance Group and Globus
  • AerCap on the leasing, de-registration and repossession of aircraft
  • A major producer of wind turbines in respect of debt restructuring for the supplied wind turbines generators to Ukraine
  • Bank Gospodarstwa Krajowego and KUKE S.A. on:
    • export credit financing granted by BGK and insured by KUKE regarding the development of the Nikolsky shopping mall in Kharkiv
    • EUR 41.1m construction financing of a shopping mall and office centre in Kyiv granted by BGK and insured by KUKE
  • A syndicate of banks (including Black Sea Trade and Development Bank) led by ING and UniCredit as mandated lead arrangers on the extension and increase to up to USD 400m of a pre-export credit facility to Ukraine’s Kernel Group
  • Bank of Cyprus on various post-completion Ukrainian law matters following the sale of the Ukrainian subsidiary of Bank of Cyprus and associated debt to Alfa Group in 2014
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Memberships & Roles

  • Member of the Ukrainian Bar Association, Ukrainian
  • International Law Association and the National Council for Civil Liberties “Liberty”, a major human rights organization of the United Kingdom
  • Member of the CFA Institute and CFA Society Ukraine
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21/05/2020 Article in Lexology:  “Unlocking IMF Funding for Ukraine: Key Law Passed to Resolve Banking Crisis Legacy”
20/05/2020   Comment in МИНФИН: “Сможет ли Украина переиграть МВФ: Три «нельзя» для экс-владельцев”         
19/05/2020   Comment in МИНФИН: "Антиколомойский" закон: почему вкладчикам придется осваивать банковский учет: Новый козырь для НБУ в судах      
14/05/2020   Article in INVESTORY NEWS: “LIKБЕЗ: Чому треба згадати про LIBOR?”
22/04/2020   Article: “Ukrainian government triggers sale of NPLs by state-owned banks”          
09/04/2020   Article: “New anti-money laundering rules in Ukraine substantially increase transparency”
07/02/2020   Article in Юридична Газета On-line: “Особливості юридичного консалтингу для банківського та фінансового сектору”
17/12/2019   Article in Юридическая практика: “Аж двух захватывает”

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  • 2011 – UK: GDL, College of Law, London
  • 2002 – LL.M. degree with distinction, University of Edinburgh:
  • 2002 – Hansard Scholar at the London School of Economics and Political Science
  • 2001 – Legal Researcher, Institute of State and Law of the Ukrainian Academy of Sciences
  • 1999 – Diploma in International Law, Taras Shevchenko Kyiv National University
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CMS Camer­on McK­enna Nabarro Olswang in Ukraine is pleased to an­nounce the...
Ihor has sig­ni­fic­ant ex­per­i­ence ad­vising cli­ents on a broad range of fin­ance, bank­ing and in­vest­ment pro­jects and trans­ac­tions, as well as cor­por­ate gov­ernance, cor­por­ate re­or­gan­isa­tions and fin­an­cial...


Ukraine Ex­pands the List of Com­mod­it­ies Traded on Com­mod­it­ies Ex­changes
On 26 Ju­ly 2022, the Cab­in­et of Min­is­ters of Ukraine (the “CMU”) ex­pan­ded  the list of com­mod­it­ies that must be traded ex­clus­ively on com­mod­it­ies ex­changes. The up­dated list in­cludes the fol­low­ing...
In­vest­ing and Do­ing Busi­ness in Ukraine 2022
Com­piled with the be­ne­fit of the ex­per­i­ence of part­ners at CMS Camer­on McK­enna Nabarro Olswang Ukraine, this ex­tens­ive guide cov­ers over 25 sec­tors and in­dus­tries and key im­pacts of the war on busi­ness in Ukraine.
War prompts Ukraine to ad­opt new for­eign ex­change rate
On 21 Ju­ly 2022, the Na­tion­al Bank of Ukraine (NBU) in­tro­duced new changes to Res­ol­u­tion “On the Op­er­a­tion of the Bank­ing Sys­tem Un­der Mar­tial Law” No. 18 and took the long-awaited step of in­creas­ing...
Ukraine Ex­pands Sanc­tions against Rus­sia and its Sup­port­ers
On 20 May 2022, the Pres­id­ent of Ukraine signed the Law of Ukraine “On Amend­ments to Cer­tain Le­gis­lat­ive Acts of Ukraine to In­crease the Ef­fect­ive­ness of Sanc­tions Re­lated to Per­sons’ As­sets” (the...
Ukraine: Tax re­lief meas­ures for busi­nesses in­tro­duced for the dur­a­tion...
On 15 March 2022, Ukrain­i­an par­lia­ment passed draft law No 7137-д, which ad­opts tax meas­ures aimed at sup­port­ing busi­nesses and people dur­ing war­time.The key meas­ures ap­plic­able to busi­nesses in­clude:...
Cross-bor­der trade with Ukraine con­tin­ues amid war, mar­tial law
While war and mar­tial law in Ukraine has put op­er­a­tions on hold for nu­mer­ous busi­nesses, cross-bor­der trade with Ukrain­i­an coun­ter­parties has not stopped en­tirely. In these cir­cum­stances, the Na­tion­al...
Re­struc­tur­ing and in­solv­ency law in Ukraine
1. What is the primary le­gis­la­tion gov­ern­ing in­solv­ency and re­struc­tur­ing pro­ceed­ings in your jur­is­dic­tion? The primary le­gis­lat­ive acts gov­ern­ing in­solv­ency and re­struc­tur­ing pro­ceed­ings in Ukraine...
Sanc­tions and the leg­al im­plic­a­tions for do­ing busi­ness with Rus­sia: on­line...
The EU, UK and many oth­er coun­tries have pro­gress­ively ad­op­ted and ex­pan­ded a num­ber of sanc­tions against Rus­si­an com­pan­ies and in­di­vidu­als fol­low­ing the war with Ukraine. Our CMS ex­perts are closely...
Mar­tial Law in Ukraine: Bank­ing and Pay­ments Im­plic­a­tions
On 24 Feb­ru­ary 2022 (as amended on 21 March 2022) the Na­tion­al Bank of Ukraine (the “NBU”) in re­sponse to the un­pre­ced­en­ted mil­it­ary ag­gres­sion by the Rus­si­an Fed­er­a­tion against Ukraine is­sued guid­ance...
Com­pens­a­tion for War Dam­age: El­ev­en Es­sen­tial Steps
CMS ana­lyses the el­ev­en es­sen­tial steps to pro­tect your busi­ness and as­sets dam­aged by the war in Ukraine. Take ac­tion now to en­sure that Rus­sia com­pensates you for any dam­age from its re­sources and as­sets...
War Bonds: In­vest to Sup­port Ukraine
To raise the re­quired fin­an­cing and sup­port the army, the Min­istry of Fin­ance of Ukraine has de­cided to is­sue series of war bonds that can be pur­chased both by Ukrain­i­an leg­al en­tit­ies and in­di­vidu­als...
Ukraine-fo­cused dis­cus­sion and Q&A
Many busi­nesses in­clud­ing CMS have con­demned the war in Ukraine and have, as a pri­or­ity, been mak­ing every ef­fort to move their Ukraine-based teams and fam­il­ies to safety. The level of sup­port and hu­man­it­ari­an...