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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 in Ukraine. Among its key provisions the Law provides for…
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Establishment 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 of Commerce and Industry. The Agreement was approved on 23…
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Simplification 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 Ukraine. The amendments broadened the list of states, citizens 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 are defined by the Parliament of Ukraine as aggressors, are…
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Ratification 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 in the area of public procurement and specifies the legal…
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March 30, 2016Effects of LLC quorum reduction
In the article the practical consequences of quorum reduction in LLC are analyzed and corporate relation scenarios following changes in legislation are discussed. The article is written in English and authored by Andriy Navrotskiy, LL.M.
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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 of which will be later taken as a basis for…
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Newsletter, February 2016
AGRICULTURE ANTITRUST LAW DOING BUSINESS LABOUR LAW RENEWABLE ENERGY TAX LAW
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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 of two open registers with the same chronological system of…
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March 8, 2016Subtle liberalization of currency restrictions
On 3 March 2016, the National Bank of Ukraine (the NBU) published its Resolution No. 140 «On stabilization of credit and currency control markets of Ukraine». It was expected that this Resolution would cancel at least part of currency restrictions…