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ARTICLE · 07 DECEMBER 2018

Key Regulatory Developments In Ukraine - November 2018

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On November 4, 2018 the Law "On Amendments to Certain Legal Acts of Ukraine Concerning Resumption of Lending" entered into force, which will become effective starting from February 4, 2019.

UkraineStrategy
Source/Date Brief description

Parliament of
Ukraine

04/11/2018

Law “On Amendments to Certain Legal Acts of Ukraine Concerning Resumption of Lending” entered into force

On November 4, 2018 the Law “On Amendments to Certain Legal Acts of Ukraine Concerning Resumption of Lending” entered into force, which will become effective starting from February 4, 2019.

The Law has cut short many legislative loopholes, which were used by borrowers and security providers to avoid bona fide performance of their obligations towards resident and non-resident creditors. The Law establishes changes to Ukrainian regulation related to granting of security, which should be taken into account when entering into financing projects with Ukrainian law collateral involved (e.g. pledge, mortgage and surety).

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