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, the author 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…

For the last couple of years the Ukrainian Parliament and Government are constantly making efforts to simplify regulations for import and certification of drugs on the territory of Ukraine. The latest development is adoption of the law on simplification of…

Das seit langer Zeit in der Ukraine angekündigte Privatisierungsverfahren soll schon im Juli 2016 auf den Weg gebracht werden. Die Dringlichkeit dieses Verfahrens ist zum einen mit der Knappheit an Mitteln in der ukrainischen Staatskasse, und zum anderen mit der…

On 2 June 2016, the Verkhovna Rada adopted the Law “On authorities and officers which enforce court judgments and decisions of other authorities”, which introduced a mixed system of enforcement of court judgments and other authorities’ decisions consisting of state…