Alekseev, Boyarchukov and Partners’ well-developed bankruptcy practice is one of the strongest on the Ukrainian market, regularly representing commercial banks, financial companies, and local corporate debtors in bankruptcy and debt recovery cases. The team also supports liquidation processes and collaborates closely with the insolvency officials throughout insolvency procedures. The firm represents PJSC Kramatorsk Heavy Machine Tool Building Plant in the asset management procedure of debtor PJSC Energomashspetsstal, a key enterprise in Kramatorsk; represented creditor Helios Finance in the bankruptcy of Rokytne Sugar Plant, managing asset valuation, debt analysis, liquidation, and ensuring partial creditor recovery with court approval of the liquidator’s report and case closure. The firm is known for its extensive track record of representing commercial banks, and continues acting for creditors (Sense Bank, Crédit Agricole, Ukrsibbank) in the course of the bankruptcy of Gadyachsyr LLC, one of the largest producers of hard cheese in Ukraine, followed by property disputes and handling the liquidation procedure of the debtor. It is noteworthy that the firm continues to represent shareholders of Kuznia na Rybalskomu, a private shipbuilding joint-stock company, in terms of USD 400 million restructuring of debts for the purpose of legal “cleansing” of the group’s assets through bankruptcy proceedings, where the firm’s managing partner, Sergii Boyarchukov, serves as a property manager, and who is currently carrying out the procedure for disposing of the plant’s property. Among highly active practitioners are firm’s dedicated partners — Nazarii Adamchuk and Olena Burkush. Sergii Boyarchukov is noted for his long-time commitment to the bankruptcy practice.
ARIO Law Firm is well-regarded for its focus on bankruptcy, restructuring, and debt resolution, being well-versed for representing both creditors and debtors, handling liquidation and sanitation proceedings. The team is sought for representation in different multifaceted bankruptcy cases, which are inflicted by corporate raids, recovering property from unlawful possession and challenging ownership rights. The recent public cases of the team include managing the rehabilitation of JSC Municipal Transport Plant, with a UAH 500 million in creditor claims repaid under a court-approved plan. In 2024, following court approval of the rehabilitation plan for the Lviv Bus Plant, the team supported the investor’s UAH 220 million contribution that restored solvency and enabled plans to transform the site into a modern tech and business hub. The team is providing consultancy and support in developing a debt restructuring plan for one of Kyiv’s largest business and shopping entertainment centers Gulliver, leveraging the newly-introduced European preventive business debt restructuring procedure. Senior partner Julian Khorunzhiy is well-respected on the market for his broad expertise and strong government relations efforts, while partners Oleksii Voronko and Andriy Fylyk play active roles across a range of the firm’s projects.
EQUITY stands out in Ukraine’s legal market for its deep expertise in dispute resolution and handling distressed assets. The firm is regularly engaged by major financial and industrial groups to advise on complex insolvency disputes, banking resolution, and non-performing loan (NPL) matters. The firm represented multiple Mariupol-based industrial giants of Azovmash Group, in high-stakes bankruptcy disputes totaling over USD 3.1 billion, securing a landmark Supreme Court victory that saved clients more than USD 150 million, including a precedent-setting decision in favor of Azovelectrostal and the completion of the USD 777 million case of Trading House Azovobschemash without shareholder liability. In 2024, the firm also secured victories in favour of Falcon Agro in a high-profile dispute with Ukreximbank over the acquisition of a soybean processing plant, affirming the legality of the auction. The firm represents PJSC UkrInCom (formerly UkrInBank) shareholders in a landmark bankruptcy case were received ruling on the unlawfulness of the banks’ insolvency proceedings. The team is renowned for its comprehensive guidance in advising and supporting clients in acquiring portfolios of non-performing loans and distressed assets from insolvent Ukrainian banks, and enjoys a big number of financial companies in its client roster. Partner Oleh Malinevskyi is renowned for his primary focus on high-profile multifaceted bankruptcy and insolvency matters. Partner Serhiy Chuyev, co-head of litigation and bankruptcy, leads the firm’s banking dispute oversight, supported by senior executives Dmytro Tylipskyi, Andriy Ivaniv (constantly endorsed by peers), and Olexiy Stepanenko.
Ilyashev & Partners has a strong, independent bankruptcy practice that advises debtors, creditors, and insolvency professionals. Backed by one of the largest teams on the market, the firm is a go-to advisor for high-profile, complex bankruptcy cases — especially those involving numerous foreign creditors — and is recognized for its extensive experience representing distressed industrial companies and state-owned enterprises. In particular, the firm is managing the complex liquidation of the bankrupt Alchevsk By-Product Coke Plant, with senior partner Roman Marchenko appointed as liquidator, securing a landmark USD 292 million damages award against the Russian Federation; represents Creative Group in its high-profile bankruptcy case, with counsel Vadym Kizlenko acting as liquidator, managing the complex liquidation of a vast asset portfolio, resolving USD 660 million in creditor claims and securing court approval of the liquidation proceedings. Among other notable insolvency and restructuring matters handled by the bankruptcy team are: Salute Hotel (Kyiv), a landmark hotel near the government quarter, Kremenchug Automobile Plant (AvtoKrAZ), Sumykhimprom, a leading producer of fertilizers and chemical products, Feodosiya Shipbuilding Company Morye, Ukrtechinvestgaz, a company operating in the Ukrainian energy sector, Trading House Euromotors, etc. The firm also represents Czech Airlines Technics a.s., a sovereign Czech aircraft repair company, in the bankruptcy case of Ukraine International Airlines (UIA), Ukraine’s flagship carrier. Senior partner Roman Marchenko provides strategic leadership and handles high-stakes, large-scale cases. Vadym Kizlenko, co-head of the insolvency and financial restructuring practice, plays a central role in managing complex, multi-creditor proceedings. Fellow co-head Andriy Konoplya is a longstanding contributor to the firm’s bankruptcy expertise, while Yaroslav Mudryi and Sergiy Kliestov form part of the core executive team.
Ukrainian law firm L.I. Group specializes in distressed assets, with a strong focus on debt recovery and bankruptcy proceedings, primarily acting for creditors. Renowned for its extensive client base of banks and financial institutions, the firm handles restructuring of loans and changes in collateral conditions, and supports large-scale bankruptcies of major industrial enterprises. For example, the firm manages an extensive portfolio of creditor-side bankruptcy cases for JSC CB PrivatBank, including proceedings involving Montana Estate LLC, Agroterminal LLC, Borivazh LLC, and others. It also represents major debtors such as Perechyn Timber and Chemical Plant ALC — Ukraine’s largest and a leading European producer of wood and coal products — and advises on pre-bankruptcy rehabilitation, notably the preventive restructuring of Kharkiv Tractor Plant JSC. Another landmark case handled by the team involves supporting the approval of a preventive restructuring procedure for LLC TRI O, the company behind Kyiv’s Gulliver Trade Center. The practice is led by two partners: Artur Megeria, who is consistently engaged in major bankruptcy proceedings and highly regarded by peers, and Mykola Kovalchuk, who divides his focus between bankruptcy and sports law.
LCF Law Group stands out for its strong expertise in debt recovery, representing creditors, borrowers and liquidators, in complex bankruptcy cases, insolvency litigation, and disputes involving the assignment of creditor claims. The firm’s bankruptcy practice handles representation of solid names from a variety of sectors, such as banking, financial services, agribusiness, retail, manufacturing, courier and transportation services, energy, real estate, etc. The firm is notably sought after its advice on bankruptcy risks, including those who lost their assets on occupied territories. The dedicated practice team continues defending AVK in bankruptcy proceedings stemming from the 2014 loss of its key plants in occupied Donetsk and Luhansk, having prevented premature liquidation and, following a Supreme Court victory, is now guiding asset valuation and loan restructuring under insolvency oversight. Another public case includes representation of TNT Express Worldwide (FedEx) in an insolvency case to recover a debt based on a Dutch court judgment, successfully defending the bankruptcy’s legality in the Supreme Court of Ukraine and securing the return of fraudulently alienated assets to the debtor’s estate, which are now being prepared for sale to satisfy creditor claims. Olena Volianska, partner, head of bankruptcy and restructuring, is referred for her extensive involvement in activity in professional community. Senior associate Yuriy Didenko plays an active role in the practice’s caseload.
ADER HABER’s bankruptcy practice remains active across diverse sectors, with the recent focus on agriculture and energy. The team successfully defended the owner of an international food and agrotechnology company in bankruptcy, securing a ruling that dismissed nearly UAH 31 million in subsidiary liability claims. The firm notably represents its clients as creditors in course of bankruptcy proceedings of Ukrainian debtors. The practice is led by the esteemed former judge Oleksandr Udovychenko, with attorney Dmytro Moshenets playing an essential role in the team.
Khomenko, Pita & Partners, a domestic bankruptcy boutique, is vividly active in handling complex bankruptcy cases of companies from agriculture, energy, hospitality, mechanical engineering. Among the long-term public cases was support of the bankruptcy of Black Sea hotels chains in Odesa and Odesa Region. Oleksandr Khomenko, partner, traditionally lead the bankruptcy cases and acts as insolvency practitioner.
The domestic bankruptcy boutique Nobili focuses on managing bankruptcy cases for local borrowers, including personal insolvency recovery. The firm continued assisting Capital Invest Stroy with exercising of powers of the property manager and liquidator in this case; represents the interests of Granum Trading in court regarding bringing to joint and several liability of the perpetrators for bringing to bankruptcy. Managing partner Nataliya Tyshchenko is a recognized expert in insolvency and bankruptcy law, received the praise of peers for fronting representations.
Sokolovskyi & Partners has a wide portfolio of domestic clients undergoing bankruptcy procedure, and handles representation of both corporates and private individuals. The team hands liability crisis management, including restructuring plans and restoration of solvency, acts in insolvency disputes, as well as criminal proceedings that may accompany subsequent cases. The firm represents Bohuslavskyi Reinforced Concrete Structures Plant in debt recovery through the bankruptcy and liquidation proceedings of the debtor, LLC Shlyakhobudmontazh. Notably, the firm continues to lead cases in the energy power and supply sectors, and represented over 120 private owners of home solar power plants across Kherson, Zakarpattia, and Lviv Regions in bankruptcy proceedings against regional energy suppliers, handling creditor claims worth nearly USD 1.7 million. Ivan Balytskyi, head of the bankruptcy and anti-crisis asset management practice, has a longstanding presence on the market.
Ukrainian law firm Dictio offers service of debt restructuring, bankruptcy of legal entities and restoration of the solvency of individuals, while its partner Serhii Shtohryn also serves as an insolvency practitioner. Recently he was appointed liquidator of the Pokrovskyi District Municipal Institution Children’s Health Camp DRUZHBA. In the ongoing bankruptcy case of Piatykhatky Water Service Company, liquidator Serhii Shtohryn secured a court order for the Pyatykhatky City Council to pay UAH 3.4 million in subsidiary liability.
Domestic law firm ESQUIRES demonstrates a proactive bankruptcy practice in the period under research. The firm has initiated and managed several high-profile cases for Limagrain Ukraine, including the bankruptcy of Multiagrar Dnipro, where it secured full recognition of claims and negotiated a favorable settlement; bankruptcy proceedings against Bizon Tech 2006, achieving full court recognition of the debt; and the case against Sharlotochka LLC. Counsel Vitalii Izviekov is the key contact.
Gramatskiy & Partners offers expertise across all stages of judicial bankruptcy procedures, including pre-trial rehabilitation, asset disposal, bailouts, liquidation, and amicable settlements. The firm represented Agrotrade Group in a Supreme Court case, securing the right to cassation appeal against the denial of bankruptcy proceedings — an outcome that sets a vital precedent for procedural protections under Ukrainian bankruptcy law. The firm advised its long-term clients LLC Voronin Garment Factory & LLC Park Lane in a complex USD 35.5 million debt restructuring and mortgage enforcement transaction with PJSC Ukrgasbank. Other projects in the firm’s portfolio cover forensic investigations of fraudulent actions by beneficiaries, asset tracing in bankruptcy cases, development and implementation of rehabilitation plans to address outstanding liabilities, etc. The practice is led by Andrii Trembich, a seasoned litigator with broad expertise across legal disciplines.
In 2024, bankruptcy practice became a new one for Pavlenko Legal Group. The company’s clients include stevedoring, financial companies and port infrastructure facilities. In particular, the firm represents Capital Gearing LLC to secure a USD 15 million claim against a Ukrainian company undergoing bankruptcy proceedings; represented the interests of Olympex Coupe International, one of Ukraine’s largest stevedoring companies, and its founder, faced insolvency proceedings. Other workload spans supporting the bankruptcy proceedings of port infrastructure companies Attollo Granum LLC, Zernoviy Port LLC, etc. Grygoriy Pavlenko, managing partner, is the main contact.
Prikhodko & Partners supports clients, both individuals and legal entities, in declaring bankruptcy. This past year the firm had a steady flow of assignments from individuals, and provided them with debt restructuring and securing manageable repayment plans. Anastasia Shakhovets and Ilya Kolesnyk are the key practitioners.
The poll also revealed a number of regional law firms focused on bankruptcy and insolvency — Absolute Law Agency in Dnipro, Pravova Constanta in Kryvyi Rih, Matviyiv & Partners in Lviv.
Market players highly recommend Vyacheslav Letskan of European Legal Defense, referring to him as the founding figure of Ukraine’s bankruptcy practice.
Grygoriy Shevchenko and Viktor Mykytion, independent insolvency practitioners, were mentioned in the research for their active involvement in a range of significant cases on the market.