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ARTICLE · 12 APRIL 2011

New Legislation Governing Enforcement Proceedings

CMS Cameron McKenna Nabarro Olswang
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New legislation governing the enforcement proceedings in Ukraine became effective on 9 March 2011.

UkraineFinance and Banking
Olexander Martinenko
Olexander Martinenko
Oleksandr Gudka
Oleksandr Gudka

New legislation governing the enforcement proceedings in Ukraine became effective on 9 March 2011. The Law of Ukraine No. 606-XIV "On enforcement proceedings" dated 24 April 1999 has been amended and restated by the Verkhovna Rada in its entirety in order to resolve various issues arising in the course of enforcement proceedings and to facilitate procedural actions of state enforcement authorities. The newly-adopted legislation is aimed at extending the scope of enforcement officers' authority and reducing the time limits for completing enforcement proceedings.

The most important and notable changes introduced to the legal framework of enforcement proceedings can be summarized as follows:

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