New Liability For Company Officials

Article by Tatyana Dzyadok, Esq.

We would like to inform you that the Law of Ukraine No. 3454 "On Amendments to Certain Legislative Acts of Ukraine to Increase Liability for Violation of Personal Data Protection Law" comes into force on July 1, 2012.

The key provision of this law establishes liability for company officials in case they fail to register personal data base with Ukrainian authorities. For now, such liability is in the form of monetary (administrative) fine equal up to 17,000 UAH (about 2,000 USD). Note, however, that the Criminal Code will be also amended accordingly in light of such changes, providing for arrest of any guilty officials for up to six (6) months or even imprisonment for a period of up to three (3) years.