BEPS implementation in the Tax Code of Ukraine
The widely discussed draft law 1210 has finally been signed by the President of Ukraine and come into effect on May 23 (Law No. 466). This is why business will have to adjust to new rules of the game. The Law mostly aims to implement the main measures under the BEPS Project, which our state …
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Corporate reorganization in Ukraine: consolidations and liquidations
The global financial crisis and the COVID-19 pandemic are impacting businesses all over the world so badly that many operations have stopped, exports have fallen and imports are being replaced by domestic consumption, and international corporations had to put on hold any expansion plans and their forays into other markets. In such an unprecedented situation, businesses …
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Sayenko Kharenko advises EBRD on EUR 7.5 million financing to Bank Lviv to support Ukrainian SME
Sayenko Kharenko acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development (EBRD) on providing an up to EUR 7.5 million synthetic loan in local currency to Bank Lviv under the EU4Business-EBRD Credit Line. The synthetic structure of the loan provides access to long-term UAH funds to eligible SME borrowers of Bank …
Sayenko Kharenko advises EBRD on EUR 15 million financing to OTP Leasing to support SMEs in Ukraine
Sayenko Kharenko acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development (EBRD) on providing a four-year loan of up to EUR 15 million equivalent to OTP Leasing. The loan will be available for disbursement as a UAH synthetic and/or a EUR denominated facilities. It will enable OTP Leasing to finance long-term …
Covid-19: Emergency Situation Regime in Ukraine
On 25 March 2020, the Cabinet of Ministers of Ukraine resolved at its meeting to introduce the emergency situation regime throughout the country for 30 days.
Force Majeure in Ukraine: Legal Aspects
On 17 March 2020, the Parliament of Ukraine adopted Law of Ukraine No. 530-IX On Amendments to Certain Legislative Acts of Ukraine aimed at Preventing the Occurrence and Spread of Coronavirus Disease (COVID-19). The Law also provides for interpreting the “quarantine” as the force majeure.
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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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 …
Continue reading “Company Liquidation: terminating an LLC in Ukraine”
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 …
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.