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Portrait ofTaras Chernikov

Taras Chernikov

Of Counsel

CMS Reich-Rohrwig Hainz TOV
42-44 Shovkovychna St.,
01024 Kyiv
Languages Ukrainian, Russian, English

Taras Chernikov is an attorney-at-law specialised in corporate/M&A. With over ten years of experience, he also focuses on real estate & construction and energy law in his work.

Taras Chernikov has provided legal support to clients at all stages of complex cross-border and local transactions, including performing a full-scope legal due diligence, structuring the transaction, obtaining all necessary approvals as well as drafting and negotiating agreements and other documents required for a successful transaction. He is also experienced in providing closing and post-closing legal support.

He has an extensive track record of advising companies operating in the renewable energy sector in their projects related to the construction of solar power plants in Ukraine. His consultations include advising clients at the stage of purchasing and allocating land plots for construction and performing the due diligence reviews of the real estate objects and land plots.

Taras Chernikov has experience in negotiating and drafting agreements and advising on various commercial law matters. He also possesses expertise in various regulatory fields, namely with regard to the financial market.

Before joining CMS Reich-Rohrwig Hainz, Taras Chernikov worked as an associate at a leading law firm in the CIS with offices in Ukraine, Russia, Belarus and associated offices in the UK and the USA.

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Relevant experience

  • Supporting an international organisation in a landmark project in the Ukrainian energy sector aimed at the establishment of a reliable gas transmission system operator.
  • Representing a company in a multidimensional dispute relating to the enforcement of its rights to commercial real estate in downtown Kyiv, including participating in legal due diligence procedures.
  • Advising a number of holding companies on their investments in a private equity company based in Ukraine.
  • Supporting a globally active American private equity firm with respect to corporate matters in Ukraine.
  • Assisting a foreign bank in corporate law issues related to the disposal of a majority stake in its Ukrainian subsidiary.
  • Supporting one of the top international pharmaceuticals companies regarding corporate matters.
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  • International Private Law
  • International Law
  • Institute of International Relations of Kyiv National Taras Shevchenko University
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Ukraine establishes Rebuilding Agency, plans pilot projects for rebuilding...
Rebuilding AgencyOn 17 January 2023, the Cabinet of Ministers of Ukraine (CMU) enacted resolution No. 29 “On Some Issues of Optimisation of the System of Central Executive Authorities”. This resolution...
Real estate transaction costs and taxes in Ukraine
1. Due diligence costs for the purchase of real estate 1.1 Municipal search Cost Map/zoning plan: free of charge. VAT N/A 1.2 Utility search (each service) Cost N/A VAT N/A 1.3 Land registry search...
Ukraine boosts construction of electric charging infrastructure and electric...
On 17 March 2023, Ukrainian President Volodymyr Zelenskyy signed Law No. 2956-IX “On Particular Issues of Vehicles with Electric Engines Use and Amendments to Specific Legislative Acts of Ukraine on...
Ukraine introduces new rules for reservation (exempting) of employees from...
On 27 January 2023, the Cabinet of Ministers of Ukraine introduced new rules regarding reservation (temporary exemption) of employees from military mobilisation through the adoption of Resolution No...
European parliament recognises Russia as sponsor of terrorism
On 23 November 2022, the European Parliament adopted a resolution recognising the Russian Federation as a state sponsor of terrorism and a state that uses terrorist methods, in response to Russia's invasion...
Energy Savings Guide
This CMS Guide is designed to shine a light on the wide variety of energy saving laws in selected CEE countries by explaining the most important legal measures and helping you to discover where your opportunities might lie. Political and legal framework Energy transformation requires building up new energy sources and that takes time. Saving energy, however, is the quickest and cheapest way to address the current energy crisis, which is mainly caused by Russia’s invasion of Ukraine. Reducing energy consumption cuts households’ and companies’ high energy bills. Building on the “Fit for 55” package of proposals and completing the actions on energy security of supply and storage, the European Commission’s REPowerEU plan put forward a set of five actions, the first of which is energy saving. Union law sets forth mandatory saving goals for Member States but leaves them plenty of leeway to choose between a variety of measures. Applicant countries and many others have passed energy savings laws and targets too – offering additional flexibility. As a framework, the Fit for 55 package and the European Climate Law (REG 2021/1119) sets out a binding, irreversible reduction of anthropogenic emissions. By 2030, 55% of the net GHG (greenhouse gas) emissions compared to 1990 must be saved. By 2050, the mandatory net zero emission goal must be achieved. Regulation 2022/1032 requires that member states fill their gas storage facilities to at least 80-90% or that they store at least 35% of their average annual consumption in European storage facilities. Reducing consumption over the years reduces the filling obligation. Since August 2022, obligatory reductions in gas consumption apply to EU member states (Regulation 2022/1032). The core innovation of this regime is the Union alarm that can be triggered by the European Council if there is a material risk of grave gas supply shortages, extraordinary gas demand or a national alarm pursuant to Directive 2017/1938 in at least five Member States. Once a Union alarm has been triggered and for as long as it remains in force, member states must reduce their gas consumption by 15%. There is a partial exception if this would otherwise cause an electricity crisis in the respective member state. However, the steering measures to be taken and whether certain groups of gas consumers are granted more favourable conditions remain at the member state’s dis­cre­tion. Re­gard­ing electricity, Regulation 2022/1854 on an emergency intervention to address high energy prices aims to reduce electricity consumption by 10% and ease the pressure on electricity prices through revenue caps. Again, Member States are free to choose the appropriate measures to reduce gross electricity consumption and meet the 10% target. Additional rules apply to the fuel consumption of trucks or the energy consumption of district heating/cooling. The CMS Guide The result of these regulations concerning energy saving has been the in­tro­duc­tion of a wide variety of energy saving laws in individual states; and many more measures are still to come. This CMS Guide is designed to shine a light on these regulations by explaining the most important legal measures and helping you to discover where your opportunities might lie. For each jurisdiction, the guide is structured into: (1) a country overview,  (2) national relief measures for high energy prices,  (3) na­tion­al/re­gion­al/com­mun­al energy savings measures, and  (4) energy storage status and incentives. The following measures have been chosen by the states represented in this  guide:  sub­sidies to end-consumers (Austria in general for energy prices; Croatia for gas con­sump­tion), price caps: electricity (Croatia for households, undertakings and certainpublic consumers; Ukraine for house­holds),re­duced VAT rate (Croatia, North Macedonia), tax incentives to privately store gas (Ukraine); exemption from steering measures for privately storing gas (Aus­tria),sub­sidies to compensate for high energy prices (Bulgaria and Slovakia, in Slovenia for enterprises, in Türkiye for agriculture) and energy saving measures: (Croatia for SMEs); the reallocation of EU funds to support energy consumers (Slov­akia); sub­sidies for energy storage solutions (Austria, Bulgaria and Ukraine) or for heat producers (Ukraine),energy efficiency measures incl. digitalisation (Bul­garia),re­duced hours of electricity or heating supply (North Macedonia) or of gas supply (Slov­akia),re­duc­tion of energy consumption by the public administration (Austria, North Macedonia, Slovenia), andobligations on gas storage operators to feed gas into the grid (Austria, Slovakia) or to supply heat producers at preferential prices (Ukraine). rewards for voluntary reduction of gas and/or electric en­ergy con­sump­tion (Slovenia)educed permitting requirements for PV and wind plants (Türkiye).
Ukraine changes rules on exempting conscripts from mobilisation
On 4 November 2022, Ukraine’s parliament adopted changes to the Law of Ukraine "On Mobilisation Training and Mobilisation" regarding the reservation or exemption of conscripts for the period of mobilisation...
Military registration of women in Ukraine mandatory only for medical professionals
On 7 October 2022, the Parliament of Ukraine adopted changes to the Law of Ukraine “On Military Duty and Military Service” in relation to military registration of women. The changes provide for mandatory...
Ukraine reforms housing market by introducing new transferable titles to...
On 10 October 2022, after more than a year of discussions and elaboration, Law No. 2518-IX “On ensuring the proprietary rights to real property that will be erected in the future” will come into force...
Ukraine passes law to make war recovery projects more attractive to investors
On 30 August 2022, the Parliament of Ukraine registered Draft Law No. 7711 on regulating land relations to ensure swift implementation of investment projects during martial law, which is aimed at expediting...
Ukraine again amends land use legislation to meet war challenges
On 9 June 2022, the Law of Ukraine 2247-IX, dated 12 May 2022, "On the Amendments to Certain Legislative Acts of Ukraine Regarding Peculiarities of Land Regulation During Martial Law" came into force...
Ukraine introduces priority urban planning measures to overcome the war...
On 9 June 2022, Law No. 2254-IX of 12 May 2022 on Amendments to Certain Laws of Ukraine on the Priority Measures for Reforming Urban Planning Activities (the "Law") came into force in Ukraine, which aims...