Corporate Governance of Joint Stock Companies Sounds More Majority-Like

    09 06 2017

    Law of Ukraine No. 1983-VIII On Amendments to Certain Legislative Acts of Ukraine regarding the Improvement of Corporate Governance of Joint Stock Companies (the “Law”) came into force on 4 June after its signing by the President and official publication. In pursuance of the EU-Ukraine Association Agreement, the Law implements into the Ukrainian legislation so-called “squeeze-out" and "sell-out” mechanisms, which are set out in Directive 2004/25/EC of the European Parliament and the Council on takeover bids. The article gives a brief description of the key novelties introduced by the Law.

    New Labour Audits Procedure

    24 05 2017

    On May 16, 2017, the Resolution of the Cabinet of Ministers of Ukraine “Certain issues concerning implementation of Article 259 of the Labour Code of Ukraine and Article 34 of the Law of Ukraine “On Municipal Self-Government in Ukraine” of April 26, 2017, No. 295[1] (the “Resolution”), came into force. The Resolution significantly changes existing rules for labour audits.

    New VAT Refunding Mechanism

    09 02 2017

    Law of Ukraine No. 1797-VIII "On Amending the Tax Code of Ukraine for Improving the Investment Climate in Ukraine came into effect on 1 January 2017 and changed the VAT refunding procedure by introducing, inter alia, a Unified Public Register of Applications for VAT Refunding from the State Budget, instead of two registers that existed in 2016.

    New in taxes in 2017

    04 01 2017

    On 30 December 2016 the President of Ukraine signed the Law of Ukraine No. 5368, "On Amending the Tax Code of Ukraine (Regarding the Improvement of Investment Climate in Ukraine), which came into effect on 1 January 2017 (the "Law").

    Currency market of Ukraine: no Christmas gifts to be expected

    16 12 2016

    Today, on 16 December 2016, Resolution No. 410 enters into force, with which the National Bank of Ukraine (the NBU) has extended currency restrictions that were imposed back in September 2014. Actually, it means that the Ukrainians will have to live with currency restrictions they are already familiar with until the NBU recognizes that the banking system has reached a stable financial status.