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Olekhov, Ihor

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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  • 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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  • 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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5 June 2019
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...


Show only
23 February 2021
D&O In­sur­ance be­comes real­ity in Ukraine
On 20 Janu­ary 2021, the Ukrain­i­an Cab­in­et of Min­is­ters (CMU) ap­proved Res­ol­u­tion No. 28 “On amend­ments to the pro­ced­ure for vol­un­tary li­ab­il­ity in­sur­ance of man­agers and mem­bers of su­per­vis­ory boards...
16 February 2021
CMS ad­vises ING Bank-led syn­dic­ate of banks on ex­ten­sion of USD 300m pre-ex­port...
In­ter­na­tion­al law firm CMS has ad­vised a syn­dic­ate of banks led by ING Bank N.V. as man­dated lead ar­ranger in re­la­tion to the ex­ten­sion of the pre-ex­port fa­cil­ity for Ukraine’s Ker­nel Group. The total...
30 November 2020
Debt Re­struc­tur­ing: out­look from the per­spect­ive of the latest ex­per­i­ence
While the first shock from the pan­dem­ic seems to have passed and busi­nesses star­ted get­ting used and ad­just to new real­ity, we are fa­cing the second wave of the pan­dem­ic and pre­vent­ive meas­ures are be­ing...
10 November 2020
CMS se­cures reg­u­lat­ory ap­prov­al for Primo­Col­lect
In­ter­na­tion­al law firm CMS has ad­vised Primo­Col­lect Group on suc­cess­fully se­cur­ing one of the first ap­provals gran­ted by Na­tion­al Bank of Ukraine (NBU) for the ac­quis­i­tion of a sub­stan­tial in­terest in...
22 October 2020
CMS ad­vises ING Bank on ViOil fin­an­cing
In­ter­na­tion­al law firm CMS con­tin­ues to ad­vise its long-stand­ing key cli­ent, ING Bank N.V. (ING), on vari­ous as­pects of fin­an­cing for ViOil Group, a lead­ing ve­get­able oil pro­du­cer and ex­port­er. CMS sup­por­ted...
03 November 2020
How Ag­ri­cul­ture is Trans­form­ing Ukraine (Eng­lish we­bin­ar)
Ukraine is the glob­al ag­ri­cul­tur­al power­house and its strength is grow­ing each year.  We will dis­cuss key is­sues fa­cing ag­ri­cul­tur­al busi­ness in Ukraine and how the changes would con­trib­ute to the growth...
20 October 2020
How Ag­ri­cul­ture is Trans­form­ing Ukraine
Ukraine is the glob­al ag­ri­cul­tur­al power­house and its strength is grow­ing each year.  We will dis­cuss key is­sues fa­cing ag­ri­cul­tur­al busi­ness in Ukraine and how the changes would con­trib­ute to the growth...
02 October 2020
CMS Ex­pert Guide to AML and CTF law and reg­u­la­tion in CEE
In or­der to main­tain the in­teg­rity of fin­an­cial mar­kets and pre­vent cor­rup­tion and ter­ror­ism, it is ne­ces­sary for all gov­ern­ments to take a ro­bust ap­proach to money laun­der­ing and ter­ror­ist fin­an­cing...
06 October 2020
Privat­isa­tion: Un­tapped In­vest­ment Op­por­tun­it­ies in Ukraine and CEE Ex­per­i­ence
The State Prop­erty Fund of Ukraine em­barked on an am­bi­tious plan to sell hun­dreds of prop­er­ties and com­pan­ies through­out Ukraine. The new team of the State Prop­erty Fund of Ukraine has com­pletely over­hauled...
01 September 2020
CMS Ex­pert Guide to re­struc­tur­ing and in­solv­ency law
Re­struc­tur­ings, es­pe­cially those in­volving mul­tiple jur­is­dic­tions, are in­vari­ably com­plex mat­ters. This CMS Ex­pert Guide provides an over­view of the vari­ous re­struc­tur­ing pos­sib­il­it­ies avail­able in a...
7 August 2020
CMS ad­vises KEX­IM on re­fin­an­cing for Ukrain­i­an grain port ter­min­al
In­ter­na­tion­al law firm CMS has ad­vised  Ex­port-Im­port Bank of Korea (KEX­IM), the ex­port cred­it agency of South Korea, on a se­cured US$36 mil­lion fin­an­cing to Grain Ter­min­al Hold­ings, a Singa­pore-based...
23 July 2020
Ukrain­i­an bond­hold­ers wel­come new pro­ced­ur­al and ADR rules
On 19 June 2020, the Ukrain­i­an par­lia­ment passed Draft Law No.2284 “On Amend­ing Cer­tain Le­gis­lat­ive Acts of Ukraine in re­la­tion to In­vest­ment At­trac­tion and In­tro­du­cing of New Fin­an­cial In­stru­ments”...