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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…
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March 6, 2016Procedure on feed-in tariff premium approved
On 26 February 2016, the Procedure on determining the level of use of Ukrainian-made equipment on electricity objects that produce electricity from alternative sources of energy and establishment of the relevant premium to feed-in tariffs became effective. We note that…
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March 3, 2016AMCU sanctioned a butter manufacturer for provision of misleading information
Pursuant to the decision of the Antimonopoly Committee of Ukraine dated 16 February 2016, a fine in the amount of UAH 790,311.00 (approx. USD 29,270.00) was imposed on «Starokonstantynivska Milk Factory» for breach of economic competition legislation due to provision…
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March 2, 2016Clarification of special VAT regime taxation
On 11 February 2016, the State Fiscal Service of Ukraine published it letter No. 4698/7/99-99-19-03-02-17 «On refusal to apply the special VAT regime». Due to a number of enquiries in relation to voluntary refusal of agricultural entities to apply the special…