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Inna Koval is a Counsel in the international M&A, private equity and venture capital team of CMS.
With over 10 years of experience, Inna focuses on advising on complex JVs, cross-border private equity and M&A transactions throughout CEE, Europe and Central Asia with a particular focus on infrastructure (ports, digital and energy), banking and telecoms. Her practice centers on cross-border deals for multinationals and funds, drawing on execution experience that spans Europe, Central Asia and other regions.

Inna is also deeply involved in large scale strategic and impact projects. 

In addition to her M&A expertise, she has significant experience in managing complicated international restructuring projects.

Inna is a recommended lawyer by IFLR 1000 and Legal 500. 

Awards & Recognitions
01
  • Quote
    "Inna Koval is outstanding in managing the intricate details of the transaction. Her responsiveness and ability to provide clear and concise advice on complicated matters set her apart."
    Legal 500, 2025
  • Quote
    “Inna was professional in terms of her attendance and active engagement in meetings, checking with the project lead for my opinion on that the proposed next steps are and quickly responding to any issues as they arose. Overall, I have been impressed with the high-level of services provided.”
    Client feedback, 2023

Relevant experience

  • NJJ Holding, an investment firm focusing on telecoms sector and Horizon Capital on the landmark acquisition of Lifecell Group, the Ukraine’s third-largest and fastest-growing mobile operator and Datagroup-Volia, Ukraine’s leading fixed telecom and pay TV provider
  • Crédit Agricole Ukraine on its acquisition of almost 100% of the shares and voting rights in Bank Lviv
  • Mercy Corps, FMO and Triodos Funds on their exit from the Kompanion Bank in Kyrgyz Republic
  • Ooredoo Group, an international communications company operating across the Middle East, North Africa and Southeast Asia, on the sale of its telecom business in Myanmar for USD 576 million
  • A US investment firm focussing on the food, consumer and agribusiness sectors in emerging markets, and Mexican company on their equity investment in UK company and creation of the joint venture
  • One of the world’s largest private equity firm on acquisition of an international game development company
  • TIS Group on various issues relating to the creation, charitable funding and operation of the modern state-of-the-art prosthetics and rehabilitation centre “Superhumans” in Ukraine (one of the largest projects of this kind in Ukraine) on a pro bono basis
  • The international investment company and a major producer in the alcoholic beverages sector on the establishment of a joint venture with a UK-based market player

Memberships & Roles

  • Admitted to the Ukrainian Bar
  • Active member of Ukrainian Business Association and American Chamber of Commerce in Ukraine

Education

2015 – LLM, V.N. Karazin Kharkiv National University, Kharkiv

Insights by Inna

CMS advises Crédit Agricole Ukraine on acquisition of Bank Lviv

CMS advises Crédit Agricole Ukraine on acquisition of Bank Lviv

12 Mar 2026 3 min read
Ukraine improves regulations governing representative offices and branches of foreign companies

Ukraine improves regulations governing representative offices and branches of foreign companies

13 Oct 2023 3 min read
CMS advises Ooredoo Group on the sale of its telecom business in Myanmar to Nine Communications Pte. Ltd for an enterprise value of USD 576m

CMS advises Ooredoo Group on the sale of its telecom business in Myanmar to Nine Communications Pte. Ltd for an enterprise value of USD 576m

12 Sep 2022 2 min read
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