SECTOR № 06
Reconstruction-grade advisory for a reconstruction-grade economy.
We advise across the legal architecture of Ukrainian reconstruction — the USURIF, EU Ukraine Facility, public procurement, and the cross-border structures through which capital actually deploys.
SIGNATURE QUESTIONS
- How do we co-invest through the USURIF alongside a sovereign fund and a U.S. strategic?
- What public-procurement framework governs our supply to MinStratProm or the Armed Forces of Ukraine?
- How do we structure a production-sharing arrangement for a defense-adjacent manufacturer moving capacity into Ukraine?
OVERVIEW
Reconstruction is a legal infrastructure project before it is a physical one.
Ukrainian reconstruction is the largest industrial and financial mobilization in Europe since the post-war period. The pipeline spans hundreds of billions of euros across energy, transport, housing, industrial capacity, and defense-adjacent production. The frameworks through which this capital deploys — the USURIF, the EU Ukraine Facility, the EBRD, the Ukraine Development Fund, bilateral programs from a dozen governments — did not exist in 2021. They are being built, tested, and revised in parallel with the transactions they finance.
Our Kyiv practice operates at the center of this architecture. We advise on USURIF co-investment structures, EU Ukraine Facility interface, public procurement under Ukrainian defense and infrastructure rules, and the cross-border holding and financing vehicles through which Western capital actually enters Ukrainian projects. We integrate this local practice with our Atlanta and Warsaw teams so that a single transaction can be structured across U.S., EU, and Ukrainian law without relaying through five firms.
We act for sovereign investors, DFIs, strategic industrials, defense primes integrating Ukrainian capacity, and the reconstruction-focused funds that are being formed to deploy into the pipeline. The advisory position we take is that reconstruction transactions close only when the legal architecture around them is specified from the start — not bolted on in diligence. That is the practice we have built.
CAPABILITIES
How we work across this sector.
USURIF Framework Structuring
Co-investment structures under the United States Ukraine Reconstruction Investment Fund. Fund-to-fund mechanics, fund-to-project vehicles, and investor-level documentation.
EU Reconstruction Mechanisms
Integration with the EU Ukraine Facility, the Ukraine Investment Framework, and the broader EU reconstruction architecture. Grant, loan, and blended-instrument structuring.
Public Procurement (AFU and MinStratProm)
Procurement advisory for supply to the Armed Forces of Ukraine, MinStratProm, and civilian ministries. Contract structuring, compliance, and dispute navigation.
Sovereign Risk & Insurance
War-risk insurance structuring through MIGA, U.S. DFC, bilateral ECAs, and private-market PRI. Claims architecture and investor-protection frameworks.
Industrial Integration with Western Supply Chains
Structures for integrating Ukrainian industrial capacity into Western supply chains. Offset-qualified production, localization programs, and dual-jurisdictional IP and controls architecture.
Post-Conflict Asset Recovery
Advisory on recovery and restitution of Ukrainian industrial and real-estate assets, including structures for counterparty reintegration and post-conflict ownership clarification.
REPRESENTATIVE MATTERS
A selection of recent work.
USURIF co-investment into a Ukrainian industrial manufacturer
Advised a U.S. strategic co-investor on a USURIF-anchored minority investment. Governance, exit mechanics, and parallel war-risk insurance structuring through U.S. DFC.
EU Ukraine Facility-aligned infrastructure financing
Structured an infrastructure financing aligned with the EU Ukraine Facility instruments. Blended EU-grant, EBRD-loan, and sponsor-equity package into a single closing.
Production-sharing structure for a defense-adjacent manufacturer
Advised on a production-sharing arrangement between a U.S. prime contractor and a Ukrainian manufacturer. Procurement interface, export-control framework, and local-law execution.
Carve-out and Polish holding for a Ukrainian industrial group
Advised on the carve-out of a Ukrainian industrial group into a Polish holding structure. Cross-border tax, sovereign-risk allocation, and investor-protection architecture.
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