Top Changes for Financial Institutions on Restructuring and Recoveries Market in Ukraine
One of the biggest fear for a creditor in providing financing is a possible default with zero perspectives to recover damages. On the international arena until recently Ukraine has been known as a high-risk country that precludes foreign investment flows. However, the situation has changed substantially over the past few years.
How much does it cost to use “proprietary” TM?
For many international companies, it is a common practice to allow the use of their trademarks (TM) to all group companies on a free of charge basis. Some parent companies do not even have a right to charge the royalty payments from their subsidiaries, as this contradicts the company’s policy. In the case of subsidiaries …
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The Parliament of Ukraine ratified the MLI Convention. Is this the end of offshores?
“Ukraine will never join BEPS and will not introduce an automatic exchange of tax information! Ukrainian tax authorities are not able to understand the international tax planning and therefore BEPS will not work in Ukraine!” – such statements in different variations repeatedly sounded addressing the deoffshorization process launched in Ukraine a few years ago. Indeed, …
Cancellation of the “green” tariff: international practice of protecting the rights of foreign inves
Perhaps the hottest topic in the energy sector at the end of 2018 and early this year is the discussion of changes to the approaches of providing state support for electric power producers from renewable sources. The main idea of the change is that, starting from 2020, new players of the RES market will be …
New Instruments Of Corporate Security Under The New Law On Llcs
Strong oversight of corporate security and risk-taking is surely one of the most critical component of companies’ management process. We are no longer talking about whether or not boards should implement corporate governance and compliance policies: in the current climate we are grappling with the issue of all-round companies’ protection, which raises a much more …
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how Risky A Taxpayer Are You?
A new blocking system for tax invoices, along with a new procedure for suspending the registration of tax invoices in the Unified Register of Tax Invoices, has been in operation since March 2018 in Ukraine. According to the new procedure, established under Cabinet of Ministers of Ukraine resolution № 117 of Feb. 21, 2018, the …
Bankable Ppa: A New Version From The Regulator
A power purchase agreement or PPA is one of the core documents needed for the purchase of electricity produced by a power plant.
Responsibility Of Officials Under The New Law On Llc
Officials of the company according to the new Law on LLC shall bear joint and several and in some cases – subsidiary liability to the company.
Employing Foreign Specialists in Ukraine – Rules of the Game Have Been Simplified?
Following the strategy of the Government to improve the doing business climate in Ukraine, Parliament adopted the Law of Ukraine “On Amendments to Certain Legislative Acts of Ukraine Concerning Elimination of Barriers for Foreign Investments Attraction” dated May 23, 2017 (hereinafter – “the Law”), which came into force on September 27, 2017. The Law with …
The Code of bankruptcy procedure in Ukraine: positives and negatives of the new document
The Verkhovna Rada registered a draft law on the Code of Bankruptcy Procedure (No. 8060). Among other things, it is noted that such a document will increase the efficiency of bankruptcy procedures, the level of protection of the rights of creditors, improve the procedures for selling debtor property at the auction, increase the level of …