FIAU Proposes Amendments to the Implementing Procedures
The Financial Intelligence Analysis Unit (FIAU) has proposed a series of amendments to Part I of the Implementing Procedures issued under the Prevention of Money Laundering and Funding of Terrorism Regulations (Subsidiary Legislation 373.01). These proposed amendments seek to make certain obligations more practicable particularly for the funds industry.
Company Liquidation: terminating an LLC in Ukraine
The company liquidation is a complex and often long-term process requiring the legislation knowledge and development of a clear and step-by-step plan for winding-up. The company liquidation period in Ukraine depends on just how each step is prepared and complies with the applicable legislation. When liquidating a legal entity, it should be noted that it …
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Land Market Opening in Ukraine
On 31 March 2020, the Parliament of Ukraine adopted the Law On Amendments to Some Legislative Acts of Ukraine on the Agricultural Land Circulation. This Law shall introduce the land market in Ukraine from 1 July 2021. Since the date of the Law coming into effect, agricultural land owners shall be entitled to sell their …
IMPACT OF COVID-19 ON TAX RESIDENCY OF AN INDIVIDUAL
Financial Year 2019-2020 came to an end on March 31, 2020 with several nations of the world suspending air travel and closing borders to prevent spread of COVID-19 which caused mayhem in the last quarter. India was no exception, as the Government of India imposed lockdown with effect from March 25, 2020 leaving number of …
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COVID-19 and force majeure within the meaning of the Commercial Act
Almost two months after the state of emergency has been introduced, the initial stress of the current situation and immediate fear of the disease itself has given way to the justified concerns about the effects that the anti-epidemic measures will have on the economy and trade in the short and long term.
Procedural and other deadlines during a state of emergency
It took out legislator two weeks to revise and amend the quickly adopted Act on emergency measures and actions (AEMA), announced by a decision of the National Assembly of March 13, 2020, whose initial provisions gave rise to a wide variety of interpretations and ambiguities regarding its application.
How to close business by bankruptcy procedure in Kazakhstan
Symbat Tursyngali, Anar Kubeyeva Lawyers, Synergy Partners Law Firm A company, for example LLC[1], has decided to close its business. In this case there are several options:
Sayenko Kharenko advices for the largest impact-investment pioneer project in Ukraine
Sayenko Kharenko has acted as legal counsel to Promprylad. Renovation, the largest impact-investment enterprise in Ukraine.
COVID-19 Wage Supplement – Social Security Implications for Self-Employed Persons
The Commissioner for Revenue (“CfR”) has published a notice to self-employed persons, outlining the social security implications attached to the COVID-19 Wage Supplement.Social Security Implications for Self-Employed Person
Sayenko Kharenko advises on disposal of majority stake in Luxoptica Group and creation of JV
Sayenko Kharenko has acted as legal counsel to OH Holding Limited in relation to the sale of a 51% stake in the Luxoptica group of companies (Luxoptica Group) and the creation of a joint venture with Essilor Nederland Holding B.V., a subsidiary of EssilorLuxottica, the world’s largest manufacturer of eyewear products.