Dr. Tetiana Slipachuk, Partner, and Natalia Mykolska, Senior Associate at Vasil Kisil & Partners, presented a report on endorsing agreements with international hotel chains at the international annual Hospitality Industry Forum
19/02/2009
The traditional annual Hospitality Industry Forum focusing on hotel business development trends in Ukraine was held on February 17.
The event featured top industry experts, including representatives of the Tourism and Resorts Council in Ukraine, Euro 2012 Coordination Office of the Cabinet of Ministers of Ukraine, city councils of regions, international hotel chains, Ukrainian developers, and professional hotelier associations.
The Forum’s participants discussed the prospects of Ukrainian hotel business in the current global economic environment, the status of facilities for EURO 2012, requirements for joining the international hotel network, the development of hotel chains and effective hotel management.
Dr. Tetiana Slipachuk, Partner, and Natalia Mykolska, Senior Associate at Vasil Kisil & Partners, presented a report entitled “Endorsing Agreements with International Hotel Chains: the Perspective of a Legal Advisor”. In their report, which got a lot of attention of the Forum’s attendees, the lawyers shared their hotel transactional experience and gave a number of recommendations to the Ukrainian developers on dealings with international hotel chains. In particular, the speakers stressed the importance of preliminary negotiations on key issues of a hotel project and related matters (defining the project goal, conducting market research and due diligence, signing a letter of intent). They underlined that it was important to involve legal advisors during the negotiations and contract signing, as well as pointed out the main issues where legal advice is crucial.
The event featured top industry experts, including representatives of the Tourism and Resorts Council in Ukraine, Euro 2012 Coordination Office of the Cabinet of Ministers of Ukraine, city councils of regions, international hotel chains, Ukrainian developers, and professional hotelier associations.
The Forum’s participants discussed the prospects of Ukrainian hotel business in the current global economic environment, the status of facilities for EURO 2012, requirements for joining the international hotel network, the development of hotel chains and effective hotel management.
Dr. Tetiana Slipachuk, Partner, and Natalia Mykolska, Senior Associate at Vasil Kisil & Partners, presented a report entitled “Endorsing Agreements with International Hotel Chains: the Perspective of a Legal Advisor”. In their report, which got a lot of attention of the Forum’s attendees, the lawyers shared their hotel transactional experience and gave a number of recommendations to the Ukrainian developers on dealings with international hotel chains. In particular, the speakers stressed the importance of preliminary negotiations on key issues of a hotel project and related matters (defining the project goal, conducting market research and due diligence, signing a letter of intent). They underlined that it was important to involve legal advisors during the negotiations and contract signing, as well as pointed out the main issues where legal advice is crucial.