Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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Oleksandr Aleksyeyenko, partner - oleksandr.aleksyeyenko@integrites.com
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On 13 January 2012 the Law of Ukraine "On Amending the Tax Code of Ukraine Regarding Review of Certain Tax and Duties Rates"(the "Amendments") became effective. The Amendments change the procedure for calculation of adjustment index used for royalties' calculation.
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UNCITRAL Arbitration Rules
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Author: Eugene Blinov
Published in: NYSBA New York Internation Chapter News
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Arbitration - Ukraine
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On 17 November 2011, the Parliament of Ukraine adopted amendments to the Law of Ukraine "On Production Sharing Agreements" (the "Law") aiming at improvement of the mechanism for entering into Production Sharing Agreements and establishment of additional grounds and opportunities for the development of exploration and production companies fully or partially owned by the state. The Law is awaiting the President's approval.
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On 21 October 2011 the Parliament of Ukraine amended the Law of Ukraine "On Production Sharing Agreements" as to the list of subsoil resources plots. The amendment was signed by the President on 11 November 2011 and shall come into force upon official publication.
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We set out below most recent changes in Ukrainian corporate law:
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with Foreign Lenders Submitted for Registration
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On 16 October 2011 the Law of Ukraine "On Making Amendments to Certain Laws of Ukraine Regarding Regulation of Relations between Creditors and Consumers of Financial Services" dated 22 September 2011 (the "Law") entered into force.