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Generally, the legislation of Ukraine, as a recently acceded Member of the World Trade Organization (the "WTO"), can be considered as being in consistence with WTO rules.

In view of continuing globalization, capturing new markets and expanding presence thereon recently became a top priority for all companies. Franchising is one of the possible options of such "expansion".

On 1 June 2007, when the "REACH Regulation" aimed at ensuring a high level of protection of human health and the environment and enhancing competitiveness and innovation in chemical industry came into force, the honeymoon period for all companies in any way involved in manufacture, supply or distribution of chemicals in Europe ended.

What is political termination? What are the criteria to distinguish between the political termination and the termination of employment of public officers who fill non-political positions? How lawful is the political termination without cause? Do labor law restrictions related to the termination of public office (including being on sick leave, on vacation, etc.) apply to political termination?

In 2010 a number of foreign trade issues were making headlines in Ukraine. One of the most important was that for the first time in its history Ukraine initiated a WTO dispute settlement procedure before the WTO Dispute Settlement Body against discriminatory taxation in Armenia.

Competition policy is a legal tool to effect economic behaviour. Although the Ukrainian competition regulations, in particular those related to concerted practice, are based on the same principles as those in the EU competition law, their implementation on a number of occasions differs significantly from that of the other European competition regulators.

Within the period of financial crisis Ukrainian banks started implementation of various instruments for cleaning up their balance sheets from non-performing loans in order to solve liquidity issue and to continue lending without additional capital injections.

The Judgment of the European Court of Human Rights (hereinafter – "the ECHR") in the case "Regent Company v. Ukraine" (Application No. 773/03) was rendered on 3 April 2008. Since that time it was often mentioned in various commentaries of national scholars and practitioners.

Many companies focused on the consumer as their main client often collect and process personal data of individuals for commercial purposes (statistics, client acquisition, marketing, advertising, etc.).

Please find below a brief overview of the Explanatory Notes issued by the Securities and Stock Market State Commission (the "SSMSC") in respect of certain provisions of the Law of Ukraine "On Joint Stock Companies" (the "JSC Law"), namely:

The parallel market, also quite often referred to as the grey market, is the name given to the market that develops in goods sold outside of their authorized channels of trade.

The current economic situation makes any reasonable businessperson assume measures to collect old and new debts both nationally and abroad. Legal mechanisms of debt collection are quite similar in many jurisdictions.

Corruption is known as the Achilles heel of the Ukrainian economy. Transparency International defined Ukraine as ranking in last place among "newly independent countries" in accordance with the Global Corruption Barometer 2009 annual review.

According to Paragraph 2 of Article 40 of the Code of Laws on Labor of Ukraine dated 10.12.1971 No. 322-VIII as amended (hereinafter referred to as the "Labor Code of Ukraine") employment agreement may be terminated by the owner or its authorized body in case of employee inadequacy for his or her position or for the work performed due to insufficient qualification or state of health which hinder the work continuation, as well as in case when performance of the employee’s duties requires access t

The Ukrainian law provides for certain restrictions on the placement of shares issued by Ukrainian issuers outside Ukraine.

A first glance at Ukrainian legislation concerning recognition and enforcement of foreign arbitral awards will make you believe that Ukraine is a quite arbitration friendly jurisdiction.

The Antimonopoly Committee of Ukraine (the "AMC") is currently one of the most transparent and open-minded state agencies of Ukraine, available for a dialogue with business community.

Due to globalization there is tough competition among producers and services providers in the global market economy. Under such conditions only companies able to offer better and outstanding products at a lower price will be really competitive and profitable.