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An area of continental shelf in the Black Sea reported to contain huge reserves of oil and gas has been awarded 80% to Romania and 20% to Ukraine by the International Court of Justice.

On 8 December 2011, the President signed an amendment to Art. 17-1 of the Law on Power Industry (the "Law"), aimed to give a better understanding of the impact of a so called ‘local content requirement’ on renewable energy projects.

On 17 June 2011, the Ukrainian Parliament adopted amendments to the Law of Ukraine "On Principles of Natural Gas Market Functioning" No. 2467-IV, dated 8 July 2010 ("Gas Market Law").

On 28 September 2011, the Cabinet of Ministers of Ukraine (the "CMU") adopted Resolution No. 1011 amending CMU Resolution "On Domestic Government Bonds Issue" No. 80, dated 31 January 2001 which became effective on 30 September 2011.

On 22 September 2011, the Parliament of Ukraine adopted the Law of Ukraine No. 3795-VI "On Amendments to Several Legislative Acts of Ukraine regarding the Regulation of Legal Relations between Creditors and Receivers of Financial Services" (the "Law").

Following a heated debate in the government, on 11 November 2009 the Cabinet of Ministers of Ukraine (the "CMU") adopted a new procedure for the conversion of wireless frequencies in 2.1GHz band (the "Procedure"), which is vital to allow the distribution of third generation (3G) wireless communication licences to mobile operators.

On 22 September 2011 the Parliament of Ukraine adopted the Law amending the Civil Procedural Code of Ukraine (the "Code") to provide for interim measures in the course of recognition and enforcement proceedings with respect to foreign court judgements (the "Interim Measures Law").

On 11 April 2012 the Cabinet of Ministers of Ukraine adopted new "Rules for the provision of telecommunication services" (the "Telecom Rules"), which replace existing legislation dating back to 2005 and discipline telephone (both mobile and landline), radio, broadcasting, television and telegraphic services.

On 18 January 2011, the new Law of Ukraine on guaranteeing of the rights of the concessionaires came into force.

On 13 January 2009, several changes to payroll taxes came into force.

Since the Tax Code of Ukraine entered into force on 01 January 2011, a number of services with a place of supply in Ukraine (consulting, legal, accounting, engineering, IT, etc.) became VAT exempt.

On 22 December 2009 the National Bank of Ukraine (NBU) made publicly available the letter of the State Tax Administration (STA) of 18 November 2009.

The Parliament of Ukraine has codified all tax legislation by adopting the Tax Code of Ukraine.

On 17 November 2011, the Office of Fair Trading (OFT) announced that it has "no grounds to take action" against IDEXX Laboratories Ltd (IDEXX) in relation to alleged abuse of dominance in the veterinary diagnostic testing sector.

The Competition Appeal Tribunal (CAT) has decided in BAA’s favour regarding allegations of apparent bias on the part of one of the Competition Commission (CC) group conducting the inquiry into BAA’s supply of airport services in the UK.

On 4th August 2009, the European Commission published its Digital Competitiveness Report. The report discusses the main achievements of the Commission’s i2010 strategy, which was implemented with a view to strengthening Europe’s competitiveness in the ICT sector.

The European Court of Justice (ECJ) has issued a ruling confirming that an automotive dealer may refuse dealers entry to its quantitative selective distribution system without publishing its entry criteria, nor need such criteria be objective or implemented in a non-discriminatory manner, although the precise content of such criteria must be verifiable.

For only the third time, the European Commission has fined a company for failure to notify a merger under the EC Merger Regulation (ECMR) prior to the transaction being implemented.