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May 3, 2016Procedure for sale of ‘green’ energy generated by the households
On 15 April 2016, the restated Procedure for sale, accounting and payments for electricity generated from alternative energy power facilities of private households became effective. This procedure specifies the process…
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April 4, 2016Updated NBU’s restrictions on the currency market
On 5 March 2016, the Resolution of the National Bank of Ukraine “On stabilization of credit and currency control markets of Ukraine” No. 140 dated 3 March 2016, extending restrictions…
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April 2, 2016Effects of LLC quorum reduction
The Parliament of Ukraine made amendments to the Law of Ukraine “On Business Entities” (the “Law”) concerning reduction of quorum of general meeting in limited liability companies (LLCs) from 60%…
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April 1, 2016Protection of investors’ rights
On 1 May 2016, the Law of Ukraine concerning protection of investors’ rights becomes effective. As previously reported, adoption of the Law aims at strengthening of protection of investors’ rights…
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April 1, 2016Establishment of the German-Ukrainian Chamber of Commerce and Industry
On 16 March 2016, the Verkhovna Rada ratified the Agreement between the Government of Ukraine and the Government of the Federal Republic of Germany on establishment of the German-Ukrainian Chamber…
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April 1, 2016Simplification of entry to Ukraine for citizens of certain countries
Pursuant to its Resolution No. 145 dated 2 March 2016, the Cabinet of Ministers of Ukraine amended the Rules for issuing visas for entrance and transit through the territory of…
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March 31, 2016Improvement of state property privatization process in Ukraine
The Law on improvement of privatization process dated 16 February 2016 became effective on 6 March 2016. The Law establishes that legal entities and their affiliates, registered in countries, which…
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March 31, 2016Ratification of the WTO Agreement on Government Procurement
On 16 March 2016 the Verkhovna Rada of Ukraine ratified accession of Ukraine to the WTO Agreement on Government Procurement. This Agreement is one of the most important among agreements…
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March 11, 2016Updated recommendations on calculation of fines for violation of competition law
On 16 February 2016 the Antimonopoly Committee of Ukraine (the AMCU) published the restated official version of the Recommendations on approaches for calculation of fines for competition law infringements, provisions…
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March 10, 2016Establishment of open registers on reimbursement of VAT
On 22 February 2016, the Cabinet of Ministers of Ukraine adopted the Resolution No. 68, which approved the procedure and application forms for reimbursement of VAT. We note that establishment…