Kinstellar has advised Rheinmetall on executing a cooperation agreement with Ukrainian state-owned defense industry concern Ukroboronprom.
According to Kinstellar, “the two major defense manufacturers intend to create joint capabilities domiciled in Ukraine through setting up a joint venture, which is expected to be operational from mid-July 2023. Starting with the maintenance of military vehicles, the parties plan to move to the transfer of technology, joint production of selected Rheinmetall products in Ukraine, to potentially joint development of military systems, including for subsequent export from Ukraine.”
According to the firm, “the entrance of Rheinmetall marks a new exciting chapter in the development of Ukraine’s defense industries sector. Previously monopolized by the state, the sector is now being opened in a significant manner to the participation of major private sector market players."
The Kinstellar team included Partners Daniel Bilak, Anastasiya Bolkhovitinova, Olena Kuchynska, and Natalia Kirichenko, Of Counsel Igor Kitela, and Associate Larysa Gorbunova.
Editor's Note: After this article was published, Kinstellar reported that Ukroboronprom had relied on its in-house legal team, headed by Director of Legal Affairs Daniil Fedorchuk, for the deal.