Chadbourne & Parke, Kyiv, Ukraine, Wed, Jan 20, 2010

CHADBOURNE HELPS OPIC RETURN TO UKRAINE

Chadbourne & Parke, Kyiv, Ukraine, Wed, Jan 20, 2010

KYIV - Chadbourne & Parke LLP assisted the Overseas Private Investment Corporation (OPIC) in the resolution of its long-standing dispute with the Government of Ukraine. 
 
The original dispute involved OPIC payment in 1999 of a political risk insurance claim to Alliant Techsystems, Inc., a sponsor of a project in Ukraine.  The Kyiv office of Chadbourne & Parke LLP advised OPIC on the settlement of the dispute, which was signed on December 16, 2009.  Now, OPIC has restored it programs in Ukraine and will be able to provide financing and political risk insurance to American companies investing in Ukraine.
 
“We are proud to have assisted in OPIC in resolving this major obstacle and to bring about improved business relations between the United States and Ukraine,” said Jaroslawa Johnson, Managing Partner of Chadbourne’s Kyiv office.
 
OPIC was established as an agency of the U.S. government in 1971.  It helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy.
 
This transaction was led by the international partner Oleg Mazur and counsel Olena Repkina, assisted by associates Tetyana Dovgan and Roman Shulyar, with the support of partner Kenneth Hansen from the Firm's Washington office.
 
About Chadbourne & Parke LLP
Chadbourne & Parke LLP, a global law firm headquartered in New York City, provides a full range of legal services, including mergers and acquisitions, securities, project finance, private funds, corporate finance, energy, communications and technology, commercial and products liability litigation, securities litigation and regulatory enforcement, special investigations and litigation, intellectual property, antitrust, domestic and international tax, insurance and reinsurance, environmental, real estate, bankruptcy and financial restructuring, employment law and ERISA, trusts and estates and government contract matters. 

Major geographical areas of concentration include Central and Eastern Europe, Russia, the Middle East and Latin America.  The Firm has offices in New York, Washington, DC, Los Angeles, Mexico City, London (an affiliated partnership), Moscow, St. Petersburg, Warsaw (a Polish partnership), Kyiv, Almaty, Dubai and Beijing. For further information, please visit: www.chadbourne.com.

NOTE: Chadbourne & Parke LLP is a member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., www.usubc.org.