LAWFUEL – Legal News, Law Jobs – Illya Muchnyk, an associate with DLA Piper Ukraine, has been elected as an arbitrator of the Arbitration Court of the major Ukrainian stock exchange – First Securities Trading System (PFTS).
The new role for Illya recognises the firm’s achievements in the sphere of securities and finance.
Illya Muchnyk has more than 5 years of legal experience in securities, banking and finance, M&A and corporate where he advises financial institutions and major industrial groups. His practice involves structuring of complex cross-border M&A transactions, advice on banking and currency control legislation, securities regulations, as well as on general corporate matters. Illya has significant experience in equity and debt financing, investment-related issues, secured transactions, project finance and commercial litigation and arbitration. Illya holds the Certificate of Securities Trader obtained from the State Commission on Securities and Stock Market of Ukraine (2005). He graduated from Odessa National Law Academy with a degree in law with honours. He is fluent in English, Russian and Ukrainian and also has basic knowledge of German.
First Securities Trading System (PFTS) has been in operation since 1996 and is currently the largest marketplace and self-regulatory organization in the Ukrainian securities market.
PFTS is an electronic stock market of securities in Ukraine, which operates in all regions of the country and maintains the work of the national electronic system of securities trading. It is the largest organizer of trades on Ukrainian stock market (its market share exceeds 90%). Since 1997 PFTS has been calculating PFTS Index – the major indicator of Ukrainian capital market development.
Arbitration Court of PFTS is an institutional arbitral tribunal established in 2005 for commercial dispute resolution between the participants of the Ukrainian securities market. Arbitrators of the Arbitration Court of PFTS are elected by the decision of the Council of PFTS for 2 years term among individuals having a substantial experience and reputation at the Ukrainian securities market. Currently the list of arbitrators of the court counts about 15 individuals, representing leading Ukrainian securities traders, banks and law firms (e.g. PFTS, Foyil Securities, Dragon Capital, ING Bank etc).