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  • Article

    Simplification Of Procedure For Opening New Businesses

    On 6 November 2014, Law of Ukraine "On Amendment of Certain Legislative Acts of Ukraine to Simplify Procedure for Opening New Businesses" came into force.
    UkraineCorporate/Commercial Law
    Asters
    Asters
  • 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

    Merger Control "Amnesty" Period Extended Till 15 March 2017

    The Antimonopoly Committee of Ukraine prolonged the amnesty period during which companies can make corrective merger filings till 15 March 2017.
    UkraineAntitrust/Competition Law
    Asters
    Asters
  • Article

    Parliament Appoints New Chairman Of The Antimonopoly Committee Of Ukraine

    Today the Ukrainian Parliament appointed Mr. Yuriy Terentyev the Chairman of the Antimonopoly Committee of Ukraine (AMC).
    UkraineAntitrust/Competition Law
    Asters
    Asters
  • Article

    Banks May Refuse To Return Deposits Prior To Their Maturity

    As opposed to the term deposits, call deposits can be withdrawn by the client upon first demand.
    UkraineFinance and Banking
    Asters
    Asters
  • Article

    Moratorium On Payment Of Dividends By The Banks

    The Moratorium applies to the calculation and payment of dividends, including dividends under privileged shares, and redemption of shares issued by the banks.
    UkraineFinance and Banking
    Asters
    Asters
  • Article

    Increase Of Sanctions For Violations Related To Employment Of Foreign Nationals

    On 29 November 2012 the President signed the Law "On Unified Demographic State Register and Ukrainian Citizenship Identity" (the "Law").
    UkraineImmigration
    Asters
    Asters
  • Article

    Outdoor Advertising Outside Residential Areas

    On 5 December 2012 the Cabinet of Ministers enacted the Standard Rules of Outdoor Advertising outside of Residential Areas (the "Rules").
    UkraineMedia, Telecoms, IT, Entertainment
    Asters
    Asters
  • Article

    Data Protection Law Amendments Come Into Effect

    On 20 December 2012 the Law "On Amendments to the Data Protection Law (the "Amendments") became effective upon its official publication.
    UkrainePrivacy
    Asters
    Asters
  • Article

    Scheduled Audits Subject To Moratorium In 2017

    On 1 January 2017, the Law of Ukraine "On Temporary Peculiarities of State Supervision (Control) in the Sphere of Business Activity" as of 3 November 2016 No. 1728-VIII (the "Law") took effect.
    UkraineAccounting and Audit
    Asters
    Asters
  • Article

    New Merger Control Thresholds To Apply From 18 May 2016

    On 18 March 2016 the law introducing major changes to the Ukrainian merger control rules was published. It will become effective in 2 months following publication – on 18 May 2016.
    UkraineAntitrust/Competition Law
    Asters
    Asters
  • Article

    Amendments To The PSA Tender Terms For Oles'ka And Yuzivs'ka Subsoil Blocks

    Apparently one of the most controversial terms of the anticipated PSA tenders relates to the necessity for the investor to partner with the state owned company or its subsidiary.
    UkraineEnergy and Natural Resources
    Asters
    Asters
  • Article

    Changes In Procedure Of Selection Of Collective Management Organizations

    On 17 October 2012 the Higher Administrative Court of Ukraine quashed the Decree of the Ministry of Education and Science No.1175 dated 22 December 2008 "On Approval of Procedure for Selection of Collective Management Organizations Authorized to Collect and Distribute Compensation (Royalties) for Use of Phonograms and Videograms Published with a Commercial Purpose, and the Amendments to the Procedure of Registration of Collective Management Organizations and Supervision of their Activity" ("Decr
    UkraineIntellectual Property
    Asters
    Asters
  • Article

    Ukraine Simplifies International Trade Rules

    On 30 November 2016 the President of Ukraine signed Law of Ukraine "On Amendments to Certain Laws of Ukraine on Elimination of Administrative Barriers to Export of Services"...
    UkraineInternational Law
    Asters
    Asters
  • Article

    Amendments To International Telecommunications Regulations

    On 3-14 December 2012 the World Conference on International Telecommunications (WCIT-12) was held in Dubai, United Arab Emirates.
    UkraineMedia, Telecoms, IT, Entertainment
    Asters
    Asters
  • Article

    Open Skies Agreement Between Ukraine And The United States Became Effective

    On 14 January 2016, the new Air Transport Agreement between the Government of the United States of America and the Government of Ukraine (the "Agreement") became effective.
    UkraineTransport
    Asters
    Asters
  • Article

    Ukraine Decriminalizes Some Business Related Offenses

    Finally, the Law establishes the bail as the primary precaution measure in the criminal investigation process.
    UkraineCriminal Law
    Asters
    Asters
  • Article

    The Supreme Court Of Ukraine Declared Property Of Private Entrepreneur As Jointly Belonging To The Couple

    On March 11, 2015 the Supreme Court of Ukraine by its ruling in the case No. 6-21цс15 found that private entrepreneur's property could belong to the couple and become subject to division if the couple divorces.
    UkraineFamily and Matrimonial
    Asters
    Asters
  • Article

    New Rules For Civil Aircraft Registration

    On 25 October 2012 the Ministry of Infrastructure of Ukraine passed its resolution No. 636 (the "Resolution"), effective from 14 December 2012, which introduced the following essential changes in the procedure of civil aircraft registration.
    UkraineTransport
    Asters
    Asters
  • Article

    New Merger Regulation Will Simplify Fillings From 19 August

    The AMC completed revision of its procedural rules on merger notifications.
    UkraineCorporate/Commercial Law
    Asters
    Asters

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