Focus Topics
Recovery of Ukraine
Supporting business resilience and
strategic investment in Ukraine
Ukraine remains a region of both extraordinary resilience and ongoing uncertainty. The war continues to affect infrastructure, governance and the economy. At the same time, companies maintain operations, new investors are entering the market and preparations for reconstruction are already under way. For businesses engaged in or looking towards Ukraine, three distinct phases are shaping strategic decision-making: managing current operations, identifying investment opportunities during the war and preparing for long-term involvement in the country’s recovery.
Drawing on long-standing regional experience – including in markets that have undergone major political and economic transformation – and a dedicated presence in Kyiv, Wolf Theiss is well positioned to provide legal insight across each of these phases.
Operating in
Ukraine today
Businesses with an existing presence in Ukraine continue to face considerable operational challenges. The war, combined with regulatory adjustments and logistical disruption, demands flexibility and a clear understanding of the local legal environment. Maintaining continuity, protecting assets and ensuring compliance remain key priorities in a highly dynamic context.
Strategic investment
during uncertainty
Despite ongoing instability, Ukraine offers a distinctive opportunity for long-term positioning. Companies prepared to invest during this transitional period may gain early access to local partnerships, establish operational footholds and benefit from first-mover advantages. Strategic engagement at this stage requires careful structuring and a forward-looking legal approach.
Preparing for
reconstruction
Ukraine’s reconstruction will be both extensive and complex, spanning infrastructure, housing, energy, healthcare, education and institutional reform. Significant capital will be mobilised and legal frameworks are expected to evolve in parallel. Businesses planning to participate in this process are already assessing how to align their strategies with emerging national and international priorities.
Our experts
Wolf Theiss' dedicated professionals are ready to assist clients in navigating the complexities of Ukraine's evolving business environment:
For more information on our experts, please visit our Ukraine office page.
Current insights
Stay informed with our latest analyses and updates
FDI in the waiting room: Ukraine’s screening proposal could rewrite the local playbook
At the end of September, Ukraine introduced a draft law proposing a foreign direct investment (FDI) screening regime aimed at aligning national legislation with EU and US standards. If adopted, the law will significantly affect cross-border transactions involving Ukrainian companies operating in strategic sectors such as defence, critical infrastructure and key minerals. The regime would apply to both direct and indirect acquisitions – potentially including even minor shareholdings – and may impact merger control procedures. Non-compliance could result in severe penalties; post-approval monitoring will be required. Investors should prepare for the new framework, which is expected to enter into force six months after official publication. Read the full client alert for further details.
Podcasts
Listen to our latest discussions on Ukraine's recovery
Recovery of Ukraine: Resilience and regulation: Clinical trials in Ukraine’s pharmaceutical sector
In the second part of the latest episode of our Recovery of Ukraine series, podcast host Olga Ivanova is joined once again by Oleg Milchenko, LTO Chapter Lead at Roche Ukraine, to discuss the impact of war on clinical studies and patient care in Ukraine.
Restructuring Ukraine
As the situation in Ukraine continues to evolve, so do the topics we explore. Initially, our focus was on the restructuring of Ukraine, covering key areas such as the corporate landscape, investment outlook and rebuilding efforts. While our current discussions centre on Ukraine’s long-term recovery, you can still discover additional valuable insights by visiting our Restructuring Ukraine page.