Unprecedented Law Including Schedule Of All Permits And Licences Adopted

On 19 May 2011, the Ukrainian Parliament adopted a draft law on Permitting Documents in Commercial Activity (the "Permits Law").

The draft Permits Law is accompanied by a schedule that sets out an exhaustive list of the permits and licences required for various types of commercial activity in Ukraine. The schedule sets out the name of the permit or licence, and the type of commercial activity for which the document is required. It also indicates which relevant law or code of Ukraine provides that a particular permit or licence is required. The entire list encompasses more than one hundred documents in total and covers various construction activities, land operations, advertisements, food production, waste product operations, transportation and many other areas of commercial activity.