New Mode of Corporate Governance: One-Tier Boards to be Introduced in Ukraine
Businesses all around the world face enormous challenges due to pandemic. Good governance is in demand like never before. Both public and private companies have recognized that corporate governance affects directly their financial performance and long-term development. The governments have seen the value in well-governed companies too, and thus they cooperate with business in updating …
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The new special economic zone for IT business in Ukraine: “Diia City” in details
The new ambitious project of the Ukrainian government “Diia City” has been presented in the summer this year as a concept of a special legal framework for IT industry. The initiative was reflected in several draft laws, but some have been rejected already. Currently the draft law #4303 with its alternative versions #4303-1, #4303-2 is …
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Esport is a new niche in IT sector of Ukraine
Nowadays, few of us could be surprised by the scale of the esport industry development. Hundreds of thousands of tournaments’ live views, millions of dollars in prize pool and advertising revenue are constantly promoting esport in the world and in Ukraine in particular. The recent privatization of the Dnipro Hotel, which will include an esport …
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Ukrainian banks vs unfair corporate debtors: the recent context
Non-performing loans (NPL) are one of the most popular types of credit contract breaches that substantially distorts the economy of any country and damages the health of the banking system as a whole. In Ukraine, the issue is especially acute: nearly a half the of credit portfolio of Ukrainian banks is non-performing.
Ukrainian Code of Corporate Governance: new guidance for private companies
In the last five years, there has been a revolution in corporate governance in Ukraine. Starting with establishment of Supervisory boards in state – owned enterprises and ending with huge interest from private companies and all business owners; corporate governance has become a trend. Whether it is right or wrong, it is likely to continue. …
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Tax reform 2020: How to prepare for the change
The majority of the latest tax changes in Ukraine are based on the best tax experience throughout the world, especially on the BEPS Plan which Ukraine undertakes to implement. The Tax reform prescribes novelties to transfer pricing rules; new rules for preventing from double tax treaties abuse; new rules for preventing from avoidance of the …
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Is there still any future for renewable energy in Ukraine?
In the summer of 2020, Ukraine’s renewable energy market underwent another string of changes, this time mainly because of the “green” tariff reduction. After more than six months of negotiations, “green” energy investors and the government managed to reach some consensus on how to protect the market against the default of the State Enterprise Guaranteed …
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The foreign investor in Ukrainian large-scale privatization
In recent years, privatization has risen as a priority for the government of Ukraine. Fundamental to these efforts was the enactment of a law abolishing a list of over 1,000 state-owned enterprises that were not permitted to be privatized. This has removed the last major barriers for launching full-scale privatization.
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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