Following significant easement of currency regulation established by the National Bank of Ukraine (the NBU) in its Resolution No. 342 “On stabilization of credit and currency control markets of Ukraine”, which became effective on 9 June 2016, the NBU introduced…

On 27 July 2016, the Order of the Ministry of Finance No. 544 dated 13 June 2016 concerning the Procedure for calculation of income tax of non-residents which have permanent representative offices on the territory of Ukraine became effective. Thus,…

A more recent article on Legal Due Diligence in Ukraine: How to effectively perform Legal Due Diligence in Ukraine Legal due diligence is defined as the process of investigation carried out usually by a law firm on behalf of a…

CURRENCY LEGISLATION DISPUTE RESOLUTION DOING BUSINESS

In this article Igor Dykunskyy, LL.M. describes recent developments and legal requirements applicable to advertising of drugs, as well as liability for breach of advertising rules under Ukrainian legislation. The article is written in English.

Many Ukrainian companies actively import goods and services. Frequently, their foreign counterparties require prepayment for delivered goods or rendered services. Therefore, it is worth remembering that prepayment in favour of the non-resident under foreign economic contracts triggers provisions of the…

On 31 May 2016, the Verkhovna Rada of Ukraine adopted the Law on abolition of mandatory state registration of foreign investment, which become effective on 25 June 2016. The purpose of this Law is to create up-to-date conditions for attraction…

In his article, prepared for the German publisher Nachrichten für Außenhandel, Dmitriy Sykaluk describes the main changes and tendencies in the area of privatization, which might be interesting for foreign investors in Ukraine. The article is written in German.

The long announced plans of Ukraine in relation to massive privatization are being gradually implemented. The importance of privatization is backed by the need, on the one hand, to fulfill the state budget, and, on the other hand, to increase…

On 7 June 2016, the National Bank of Ukraine (the NBU) adopted its Resolution No. 342 “On stabilization of credit and currency control markets of Ukraine”, which significantly eased some currency restrictions. The Resolution became effective on 09 June 2016…