Artem Stoyanov, LCF Law Group
Managing partner
5 points
When asked to describe his job in one sentence, Artem Stoyanov did it figuratively.
To him this is all about a bunch of papers he is given every day, while his task is to structure this chaos in the most favorable way for his client.
As one may have guessed, Stoyanov’s main area of specialization is litigation on tax-related matters, arguably one of the toughest areas of Ukrainian legislation. In addition, Stoyanov takes on land-related cases, bankruptcies and works on implementing court decisions.
As he observes, these are the areas in highest demand on the legal services market. After the financial crisis, which led to serious liquidity problems among many Ukrainian companies, lawsuits between banks and borrowers are on the rise.
Similarly, the problems with filling up the state budget coffers led to a dramatic increase in tax pressure on businesses – hence a similarly significant increase in the number of court cases on tax issues.
Stoyanov’s recipe for becoming successful with the company he started in 2009 is to concentrate on taxes and bankruptcies.
Given that Ukraine’s tax and bankruptcy laws are among the most difficult and cumbersome in the world, and this situation is not likely to change drastically in the foreseeable future, Stoyanov is likely to enjoy a stable and sustainable demand for his services.
