See more
Publication date: 18.05.2024
Asters advises FC "Shakhtar" in connection with participation in European tournaments
FC Shakhtar (Donetsk) is back on the European football map thanks to its participation in the UEFA Champions League and the Europa League. The club's return to European tournaments was made possible by a partnership with Hamburger SV, one of Germany's oldest football clubs. This season FC Shakhtar is playing its home matches in Hamburg, which was made possible thanks to the cooperation with the German club.
This partnership project would not have been possible without the comprehensive legal support FC Shakhtar received from the leading Ukrainian law firm Asters. The Asters tax law practice team provided advice on the structuring and drafting of the agreement between FC Shakhtar and FC Hamburg, in particular on the financial aspects of the matches.
Legal aspects of cooperation
The main task of the Asters legal team was to develop an optimal structure of the agreement that would allow both parties to avoid international double taxation and ensure the distribution of tax costs between the clubs in accordance with the tax legislation of Ukraine and Germany. As a result, each party paid its due share of taxes to the budget of its state.
Asters lawyers worked with German legal advisors Heuking Kuhn Luer Wojtek to ensure compliance with all legal requirements and the effectiveness of the deal. The team of Asters lawyers who worked on the project included partner Kostyantyn Solyar and senior lawyer Yuriy Dmytrenko.They provided advice on the optimal structuring of the legal regime of matches, which included the issue of revenue distribution and tax obligations.
Tests for Shakhtar FC and its new opportunities
Since the Russian occupation of Donetsk in 2014, FC Shakhtar has existed as a club in exile. Russia's full-scale invasion of Ukraine in February 2022 brought new challenges. The club lost its own infrastructure and nearly half of its foreign players who terminated their contracts as per FIFA's permission, causing the club significant financial losses.
However, the partnership with FC Hamburg was a real salvation for FC Shakhtar. Holding home matches in Germany allows the club not only to continue playing in prestigious European tournaments, but also to generate the income necessary to sustain its activities. This partnership also increases the recognition of the FC Shakhtar brand on the world stage, attracting new fans and sponsors. You may be interested in the following articles: lawyer consultationlawyer consultation document analysis legal analysis of the situation written consultation document verification by a lawyer lawyers documents lawyer assistance online lawyer online legal opinion legal opinion of a lawyer lawyer online
Conclusions
The legal support provided by Asters was critical to the successful partnership between FC Shakhtar and FC Hamburg. This partnership allowed the Ukrainian club not only to maintain its participation in European tournaments, but also to ensure financial stability in a difficult period for the country.The Asters legal team, which included partner Kostyantyn Solyar and senior lawyer Yuriy Dmytrenko, demonstrated high professionalism and the ability to effectively resolve complex legal issues. Cooperation with German legal advisors Heuking Kuhn Luer Wojtek ensured compliance with all necessary legal requirements and successful implementation of the deal.
FC Shakhtar's participation in the UEFA Champions League and Europa League was an important step for the club, which continues to fight for its place on the football map of Europe, showing indomitable spirit and desire to win even in the most difficult conditions.
