The 2 day event began with morning plenary sessions, followed by break-out sessions divided by industry: Mining, Oil & Gas, Nuclear Energy, Agriculture and Viticulture. Presenters from both countries had the opportunity to share their expertise, present their business and most importantly, focus on how Canadian and Ukrainian firms can create mutually beneficial and potentially profitable business partnerships.
Of special interest to all the delegates were the common topic panel and plenary discussions that included: ‘Truths, myths and realities for financing projects in the current global marketplace’, ‘How to raise funds through public markets and stock exchange listings’, ‘Investment opportunities in Ukraine’ and ‘Guidelines for establishing business relations in Ukraine.’
The ‘Guidelines’ session was particularly robust with an honest approach and critique of the current economic and business environment in Ukraine. Ulyana Khrom’yak, senior lawyer, Clifford Chance, provided practical advice about the need for understanding the legal environment, while the need to be in Ukraine to personally monitor business activity was stressed by panel moderator Stefan Bandera. Dr. Basil Kalymon, Prof. Emeritus, Richard Ivy School of Business and member of the Ukrainian Catholic Education Foundation Investment Advisory Board, addressed the issue of corruption and cautioned the audience to educate themselves before investing. He stated that there are universities, for example Ukrainian Catholic University in Lviv, that are focused on training a new generation of ethical business leaders.