Two weeks ago Frishberg & Partners held a round table on "Foreign Investment in Ukrainian Agriculture."

Most importers applauded Ukraine’s entry into the World Trade Organization in May 2008, which resulted in a decrease of import duty (including the duty for the automobiles) from 25% to 10%.

Recognizing the general rule that "everything always goes wrong at the worst possible moment," large multi-national companies often agree to resolve their disputes with each other in an international, and therefore presumably unbiased, arena.

It’s funny how things change. Just a few years ago, foreign companies flooded into Ukraine, driving up the prices of everything – buildings, factories and land. Now, just a few years later, Ukraine is considered to be a high-risk country with a notoriously difficult business environment.

According to Article 35 of the Law of Ukraine "On International Commercial Arbitration," an arbitration award is recognized as mandatory and is subject to enforcement.

Looks like the Yanukovich government is finally turning its attention to the Ukrainian taxpayer (physical and legal entities alike).

Until recently, residential property owners in Ukraine did not need to pay any property tax whatsoever.

The key provision of this law establishes liability for company officials in case they fail to register personal data base with Ukrainian authorities.

Acknowledging the importance of the IT sector in Ukraine’s economy, the government has provided tax breaks to qualified companies and individuals in the IT sector that fall under the category of "subjects of the software product industry".

The moratorium on alienation of Ukrainian farm land has long prevented meaningful foreign investment into the Ukrainian agricultural sector.

Import-export basically involves a signed contract and having a partner in Ukraine.

On January 15, 2002, foreign investors were provided with another option for settling any disputes with their Ukrainian counterparts with the coming into effect of Law No. 2860-III.

With food prices rising across the globe, adventurous foreign investors can find excellent business opportunities in Ukrainian agricultural sector despite (or perhaps due to?) the global economic crisis.

From a purely legal perspective, there is no such term as "raid" in the Tax Code.

Article 390 of the Code of Civil Procedure of Ukraine provides that the procedure for enforcement in Ukraine of foreign court judgments and foreign arbitration awards is determined by the corresponding international treaties of Ukraine and the laws of Ukraine.

In order to initiate the executive enforcement procedure, the judgment holder must present to the state enforcement service the enforcement order of the commercial court.

Like all of its legislation, Ukraine inherited its court system structure from the Soviet Union. Only recently the court system has begun undergoing reforms with the passage of a number of laws

Ukraine has long been called "the bread-basket of Europe," and for one excellent reason: its fertile, black soil.

Only a year ago it seemed that prices on the real estate market in Ukraine would continue to skyrocket without end.

The Ukrainian government has introduced amendments to the Ukrainian immigration rules, which are designed to decrease the volume of documents required for foreign work permits and temporary residency permits.