Konnov & Sozanovsky advises clients on issues involving registration and circulation of securities (shares, bonds, bills, mortgage securities, investment certificates, real estate fund certificates), financial instruments (options) and financial institutions.

Development of Securities Optimization Schemes

• Tax and money flows optimization schemes involving securities
• Self-financing schemes using mutual investment institutes
• Alternative financing programs involving shares or bonds

Financial Services in Construction

• Individualized evaluation of optimal financial approaches using securities (shares, bonds, bills, mortgage securities, investment certificates, real estate fund certificates), financial instruments (options) and financial institutions
• Development of financial models of targeted, discount bonds for purposes of construction financing with future support of transactions involving the placement and redemption (annulment) of securities

Mortgage Financial Services

• Development and legal servicing of mortgage lending
• Creating «seller-buyer-bank» mortgage mechanisms
• Creating bank refinancing schemes using securities and alternative financing of goods market participants
• Servicing transactions with mortgage securities (real securities, mortgage bonds, mortgage certificates with fixed profitability, mortgage certificates of interest)
• Forming and processing mortgage models (consolidated mortgage debt and mortgage pool)

Registration of Capital Issues

• Registration of private and public capital issue
• Registration of investment certificates, shares

Registration of Financial Institutions

• Establishment of asset management companies with registration of private non-diversifi ed investment funds (venture funds)
• Legal support of establishing professional market players (securities trading), and financial institutions having rights to manage real estate construction assets (construction financing funds)

Servicing Securities Transactions

• Drafting agreements between an issuer (investor) and other securities market participants
• Representing clients in disputes involving securities market violations

Real estate department specialists have advised leading international and Ukrainian companies. During 2006 and 2007, the department was engaged in a number of projects, such as:

• Providing legal advice to a number of foreign companies in the proposed acquisition of a Ukrainian bank
• Advising a Ukrainian construction company on a proposed merger with the Ukrainian branch of an international construction corporation
• Drafting financial models in construction with application of corporate bond issuance
• Due diligence of a recreational complex in Crimea, Yalta, examining the possibility of purchasing it and land lease. The aim of the client was to demolish the complex and to construct new living premises. The results of due diligence confirmed the legality of purchasing the property, but discovered legal obstacles in future demolition of the complex (plants, registered in The Red Book, sanitary zone around the park situated nearby). The client was also interested in determining the best way to purchase a recreational complex (to purchase corporate rights of the legal entity – owner of the recreational complex or to purchase the recreational complex or to purchase corporate rights of the owner’s founder)
• Due diligence of industrial enterprise in Kiev with the purpose to define the possibility of its assets purchase. The client planed to convert an industrial enterprise into a residential complex. The results of due diligence revealed the illegality of reconstruction because the land plots with industrial enterprise were located in sanitary zone of cemetery. The transaction was canceled Registration of corporate bond issuance for construction of living premises, villas, commercial property ( the total amount of issuance was 100 million dollars)
• Drafting crediting programs for Ukrainian banks
• Legal support for the establishment of an asset management company
• Drafting legal models for the building of townhouse complexes and construction of country clubs
• Organization and legal support of investment into construction of a residential complex
• Drafting financial models and tax optimization schemes in construction
• Drafting various investment contracts
• Advising the Ukrainian Security Service
• Service as to the questions of venture funds activity, taxation and securities operation

Real Estate, Construction, Land Law and Financial Services (PDF)