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  • Article

    NBU Introduces Incentives To Support Prolongation Of LPN And Subordinated Debt Maturity

    According to Resolution No. 409, the Additional Fee can only be charged if the loan term is extended for at least 2 years and may not exceed 2 percent of the outstanding principal amount.
    UkraineFinance and Banking
    Asters
    Asters
  • Article

    Ukraine Opens Up For Investment Into UAH Denominated Sovereign Bonds

    On 27 May 2019, Clearstream Banking S.A. opened a direct securities account at the National Bank of Ukraine, acting as a central securities depository for Ukrainian sovereign and municipal securities,
    UkraineCorporate/Commercial Law
    Redcliffe Partners
    Redcliffe Partners
  • Article

    On the NBU Granting Stabilization Loans to Ukrainian Banks

    Resolution No. 327 of the NBU Board dated 13.07.2010, "On approval of the regulations enabling the NBU to grant stabilization loans to Ukrainian banks" ("Resolution 327").
    UkraineFinance and Banking
    Salans LLP
    Salans LLP
  • Article

    NBU Amends Currency Legislation - May 29, 2017

    Within the framework of its gradual liberalization policy, the National Bank of Ukraine ("NBU") introduced certain changes to the applicable currency legislation.
    UkraineFinance and Banking
    Dentons
    Dentons
  • Article

    The Bureau Of Economic Security Of Ukraine's Business Impact

    On September 3rd 2020, the supreme legislative body of Ukraine (Verkhovna Rada) adopted a Draft Law № 3087-d "On the Bureau of Economic Security of Ukraine" through
    UkraineCorporate/Commercial Law
    Eurofast
    Eurofast
  • Article

    Ukraine Signed The Law On ‘The Bureau Of Economic Security'

    On March 22, the president of Ukraine, Volodymyr Zelensky, signed the Law relating to The Bureau of Economic Security. As we wrote previously, the main function of the Bureau of Economic Security
    UkraineCorporate/Commercial Law
    Eurofast
    Eurofast
  • Article

    Ukrainian Sureties: If an NBU License to Transfer Foreign Currency Abroad is Required

    On 15 November 2010 the National Bank of Ukraine (NBU) issued Letter No. 13-210/5939-20044, in which it clarified its position on the transfer of foreign currency abroad by Ukrainian residents who act as guarantors/sureties of a borrower's obligations to non-resident creditors.
    UkraineFinance and Banking
    CMS Cameron McKenna Nabarro Olswang
    CMS Cameron McKenna Nabarro Olswang
  • Article

    Sayenko Kharenko Advised On The Debut Eurobond Issue By Kernel

    Sayenko Kharenko acted as Ukrainian legal counsel to J.P. Morgan Securities plc and ING Bank N.V., London Branch, joint lead managers of the debut USD 500 million Eurobond issue by Kernel Holdings S.A. (Kernel), a leading diversified agribusiness company in the Black Sea region listed on the Warsaw Stock Exchange.
    UkraineCorporate/Commercial Law
    Sayenko Kharenko
    Sayenko Kharenko
  • Article

    Sayenko Kharenko Once Again Top-Ranked By IFLR1000

    The recently published IFLR1000 2017 Financial and Corporate rankings seals Sayenko Kharenko's top league position in the Ukrainian legal market. This is the ninth year running that Sayenko Kharenko has been top ranked by IFLR 1000.
    UkraineCorporate/Commercial Law
    Sayenko Kharenko
    Sayenko Kharenko
  • Article

    Foreign Currency And Investment Regulation Toughen

    On 19 November 2009, the President of Ukraine signed Law No. 1533-VI which was adopted by the Parliament of Ukraine on 23 June 2009.
    UkraineStrategy
    CMS Cameron McKenna Nabarro Olswang
    CMS Cameron McKenna Nabarro Olswang
  • Article

    Sayenko Kharenko Advised On Financing The Construction Of Spent Nuclear Fuel Storage Facility By Energoatom

    Sayenko Kharenko acted as Ukrainian legal counsel in connection with the USD 250 million financing to State Enterprise "National Nuclear Energy Generating Company "Energoatom", operator of all running nuclear power plants in Ukraine.
    UkraineEnergy and Natural Resources
    Sayenko Kharenko
    Sayenko Kharenko
  • Article

    Banks’ Freedom Restricted With Respect To Consumer Loans

    In its Ruling No. 15-рп/2011 (the "Ruling"), dated 10 November 2011, the Constitutional Court of Ukraine (the "CCU") ruled that provisions of Article 11 of Law of Ukraine No. 1023-XII "On Consumer Rights Protection", dated 12 May 1991, as amended (the "Law") apply to all consumer loan agreements between banks and borrowers not only at the stage of the conclusion of such agreements but also during their performance.
    UkraineFinance and Banking
    CMS Cameron McKenna Nabarro Olswang
    CMS Cameron McKenna Nabarro Olswang
  • Article

    2016 Banking, Finance And Transactional Law Expert Guide Names Michael Kharenko And Nazar Chernyavsky Among The World's Leading Experts

    2016 Banking, Finance and Transactional law Expert Guide, one of the most trusted resources for international buyers of legal services, recognizes partners Michael Kharenko and Nazar Chernyavsky among the world's leading lawyers in the areas of banking and finance, capital markets.
    UkraineLaw Department Performance
    Sayenko Kharenko
    Sayenko Kharenko
  • Article

    Stabilization Fund Update

    Ukraine's anti-crisis legislation has been amended to address the issue of unfinished construction and support for the mortgage market of Ukraine.
    UkraineStrategy
    CMS Cameron McKenna Nabarro Olswang
    CMS Cameron McKenna Nabarro Olswang
  • Article

    Sayenko Kharenko Advised On The USD 500 Million Eurobond Issue By MHP

    Sayenko Kharenko acted as Ukrainian legal counsel to joint lead managers J.P. Morgan Securities plc and ING Bank N.V., London Branch, in connection with the cash tender offer ..
    UkraineCorporate/Commercial Law
    Sayenko Kharenko
    Sayenko Kharenko
  • Article

    Ukraine Dividend Payout Restrictions May Soon Be Lifted

    Restrictions on dividend payouts to foreign investors and shareholders may soon be lifted by the National Bank of Ukraine.
    UkraineCorporate/Commercial Law
    TMF Group BV
    TMF Group BV
  • Article

    Will There Be An Inflow Of Chinese Money In Ukraine

    In recent months, China has been dominating media headlines in connection with exchange rate disputes with the United States and possible participation of China in the bailout of some eurozone nations.
    UkraineStrategy
    Avellum
    Avellum
  • Article

    The Taxation Of Interest Under Syndicated Loans

    The State Tax Inspectorate, in a letter dated 29 October 2009, explained how to calculate the tax payable on interest in respect of a syndicated loan from foreign creditors to a Ukrainian bank, acting as a borrower.
    UkraineTax
    CMS Cameron McKenna Nabarro Olswang
    CMS Cameron McKenna Nabarro Olswang
  • Article

    Regulations On Cross-Border Loans Toughen

    From 15 November 2009, the interest rate charged by foreign lenders on foreign currency loans to Ukrainian residents will be limited.
    UkraineCorporate/Commercial Law
    CMS Cameron McKenna Nabarro Olswang
    CMS Cameron McKenna Nabarro Olswang
  • Article

    Terms And Conditions For State And Municipal Guarantees Changed

    On 7 August 2011, the Law of Ukraine No. 3614-VI "On Amendments to the Budget Code of Ukraine and Several Other Legislative Acts of Ukraine" (the "Law") came into force. Among other changes to the Budget Code of Ukraine, the Law introduced amendments to Article 17 which deals with state and municipal guarantees (i.e. guarantees issued by the Cabinet of Ministers of Ukraine (the "CMU"), the Supreme Council of the Autonomous Republic of Crimea (the "Council of ARC") and/or city councils, to secure
    UkraineCorporate/Commercial Law
    CMS Cameron McKenna Nabarro Olswang
    CMS Cameron McKenna Nabarro Olswang

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