Asters Law Firm acted as a legal counsel to KARA Energy Systems ("KARA"), a worldwide producer and supplier of combustion systems for wood and biomass, in connection with launch of cooperation with a group of companies Ukrteplo (“Ukrteplo”), a leading Ukrainian biomass heat generation company. The purpose of cooperation between KARA and Ukrteplo is local production of KARA designed combustion systems for wood and biomass in Ukraine. On 22 June 2015 KARA and Ukrteplo signed cooperation agreement at the premises of the Dutch Embassy in Ukraine.
Asters' advisory role in the transaction included assistance in drafting cooperation and licensing agreements. Asters' project team included partner Julia Semeniy, counsel Yaroslav Petrov and associate Mariana Polischuk.
Asters has 20 years of expertise in energy sector and is ranked among Top 3 law firms for energy and natural resources according to the Ukrainian Law Firms 2015 handbook and highly recommended for energy and natural recourses by Chambers Europe 2015 and IFLR1000 2015.