Anastasiya Bolkhovitinova


+380 44 490 9567

Anastasiya Bolkhovitinova

+380 44 490 9567


Anastasiya Bolkhovitinova is a Partner in the Kyiv office, the head of the local TMT sector, and the co-head of the firm-wide Telecommunications service line.

Anastasiya has over 18 years of experience working with leading global law firms with a focus on technology, telecommunications, aerospace and defence. She advises clients on a broad range of corporate and M&A issues, including structuring of mergers and acquisitions, joint ventures, corporate restructurings, commercial and procurement contracts as well as on a wide variety of issues in connection with entering the Ukrainian market and expansion on it. She has in-depth knowledge in the areas of outsourcing, post-acquisition integrations as well as national security and export control.

Anastasiya leads the Technology, Telecommunications and Media sector in the Kyiv office and strives to ensure that tech clients get complex support from the specialists in different service lines (corporate, employment, IP and tax). Her clients include both emerging growth companies and Fortune 500 companies such as Airbus, Amazon, Adobe, BAE Systems, Globalstar, Red Hat, Renesas Electronics, Revolut, Zipline, or Uber.

I would especially like to highlight Anastasiya Bolkhovitinova, a valuable asset to Kinstellar that are fortunate enough to have her on their team.

Legal 500, 2024


M&A and Corporate

  • ONE OF THE WORLD'S LARGEST E-COMMERCE COMPANIES on the acquisition of an international provider of comprehensive data-management services, including database development and migration, with almost 500 developers in Ukraine
  • STILLFRONT GROUP AB, a leading free-to-play powerhouse of gaming studios, on the acquisition of 100% of shares in Game Labs, Inc.
  • PERION NETWORK on the acquisition of Septa Communications LLC, also known as Captain Growth, a Ukrainian start-up that applies AI-driven technologies to marketing, including on the tax, IP and employment law aspects of the deal
  • A SOCIAL CASINO DEVELOPER on the sale of its assets to an American venture capital fund for USD 200 million, including drafting of post-transaction commercial and employment documents 


  • VISTA, a Cimpress company, the world leader in mass customization, on the acquisition of the online graphic design editor Crello and the stock photo marketplace Depositphotos for a total price of USD 85 million
  • HARMAN INTERNATIONAL, the leading supplier of connected technologies for automotive, consumer and enterprise markets, on the acquisition of Apostera, a Germany-based automotive technology company with an R&D center in Ukraine
  • POLHEM INFRA, an investor and manager of infrastructure assets, on the Ukrainian aspects of its SEK 9.4 billion acquisition of the Swedish telecommunications services provider Telia Carrier from the Telia Company
  • AUSTRALIAN-BASED GLOBAL SOFTWARE DEVELOPER NUIX LIMITED on the Ukrainian-law implications of its acquisition of 100% of the shares in Topos Labs for up to USD 25 million
  • STILLFRONT GROUP, a leading free-to-play powerhouse of gaming studios, on the acquisition of 100% of the shares in Game Labs Inc.
  • RED HAT, the global leading provider of open-source solutions, on the acquisition of Codenvy, a provider of cloud-native development tools as well as post-acquisition advisory on corporate, employment and regulatory matters
  • MULTIPLE US, EU AND OTHER COMPANIES on structuring their operations in Ukraine, adaptation of contracts used for workforce engagement to Ukrainian law requirements


  • AN AMERICAN MULTINATIONAL CONGLOMERATE TECHNOLOGY COMPANY on the implementation of its global satellite system project, including a feasibility study, advising on lawful intercept, and on licensing and certification requirements
  • ONE OF THE LARGEST MOBILE OPERATORS IN UKRAINE on the implementation of a spectrum reframing project, including a review of the documents concluded between major Ukrainian mobile network operators and the regulator
  • A LEADING GLOBAL OPERATOR OF A MOBILE SATELLITE NETWORK on the implementation of its satellite and terrestrial authorisation project in Ukraine, including conducting a feasibility study on obtaining the required licenses and authorisations, legal support in negotiations with the regulator, and advice on various corporate, regulatory and tax issues
  • A MULTINATIONAL TELECOMMUNICATION SERVICES PROVIDER on the potential acquisition of an OTT/VOD services provider, including transaction structuring and complex regulatory advice
  • A MULTINATIONAL TELECOMMUNICATION SERVICES PROVIDER on a complex review of the contracts concluded with its top vendors, as well as holding training sessions on contracting matters


  • A US-BASED GLOBAL AEROSPACE AND DEFENSE TECHNOLOGY COMPANY on the regulatory and corporate matters related to its cooperation with the Ukrainian state-owned companies Yuzhnoye State Design Office and the state enterprise Production Association Yuzhny Machine-Building plant (YUZHMASH)
  • A POOL OF INTERNATIONAL INVESTORS on the acquisition of one of the world’s largest manufacturers of turbine engines and engine parts for civilian and military aircrafts, including drafting and negotiating various English and Ukrainian law transaction documents, advising on the technology transfer, export control, licensing, as well as on the application of the Wassenaar Arrangement. This is a landmark deal for the Ukrainian market, both in terms of its value and the political and strategic importance of the target
  • A LEADING HELICOPTER PRODUCER on entering the Ukrainian market, setting up a representative office and a limited liability company, including extensive advice on corporate, employment and regulatory matters
  • A SAUDI ARABIAN COMPANY on a potential joint venture between the client and Antonov, the Ukrainian state aircraft manufacturing and services company
  • ASUBSIDIARY OF THE CUBAN STATE-OWNED AIR COMPANY on the regulatory and corporate matters related to cooperation with Antonov, the Ukrainian state aircraft manufacturing and services company, and PJSC "United Aircraft Corporation"

Energy & Natural Resources

  • PARTICULAR STATE AUTHORITIES on the review of four PSAs (the Zinkivska, Sofiyivska, Rusaniska, Varvynska blocks) and on the appropriate state position related to PSA provisions, including contributing to the draft model PSA that would be used by investors in future projects
  • ONE OF THE LEADING INTERNATIONAL MANUFACTURING COMPANIES on the participation in a tender for selecting a private partner to implement the PPP project “Ukraine-EU Energy Bridge” organised by the Ministry of Energy and Coal Industry of Ukraine
  • ECOLAB INC., a global leader in water, hygiene and energy technologies and services, on the global separation of its upstream energy business (the “ChampionX Business”), in particular advising on the implementation of the carve-out/separation in 60+ jurisdictions in the African and Caspian regions
  • ENI, S.P.A., an Italian public oil & gas company, on the acquisition of control over Ukrainian companies holding special permits for operation and natural gas extraction at several fields in the Poltava Oblast (Ukraine), including drafting the transactional documents and obtaining the consent of the Antimonopoly Committee of Ukraine for the concentration
  • ONE OF THE LARGEST WORLDWIDE MANAGEMENT CONSULTING FIRMS on the participation in a tender processes of Naftogaz, as well as on sole-sourced procurement and other regulatory requirements

* Experience prior to joining Kinstellar


  • 2007 – 2009: Taras Shevchenko National University of Kyiv, Ukraine, Faculty of Law, J.D.
  • 2002 – 2004: Taras Shevchenko National University of Kyiv, Ukraine, Faculty of Law, Master’s degree
  • 1998 – 2002: Taras Shevchenko National University of Kyiv, Ukraine, Faculty of Law, Bachelor’s degree


  • European Business Association
  • US-Ukrainian Business Council


Ukrainian, Russian, English


  • The Ukrainian defense industry — challenges and proposals for reform, Ukrainian Law Firms, A Handbook for Foreign Clients, 2018
  • Ukraine at a Glance: Aerospace and technology industry, Ukraine Country profile 2018 by the American Chamber of Commerce, 2018