On 24 November 2021, Ukraine launched a new law enforcement authority – the Bureau of Economic Security of Ukraine (“BES”). BES will focus on analytical activities aimed at early detection of risks in the economy, as well as pre-trial investigation of certain criminal offences.
Ukraine Adopts Mediation Law
On 15 December 2021 the Law of Ukraine “On Mediation” No. 1875-IX (“Law”) entered into force. The Law introduced mediation as a voluntary alternative dispute resolution method for the first time at the legislative level.
What’s Next on Ukrainian Capital Markets?
The capital markets in Ukraine have been a sleeping topic until recently. On June 19, 2020, the Ukrainian Parliament has restated the Law of Ukraine on Capital Markets and Organized Commodity Markets (Law). The restated Law became effective in July 2021, introducing a whole new framework for the issue of securities in Ukraine. It implements the most important EU capital markets regulations, including MiFID II, MiFIR, and CRD IV.
Oleksandr Markov Makes Partner at Redcliffe Partners
Oleksandr Markov, Head of Tax and Tax Litigation practice at Redcliffe Partners, has been promoted to Partner at the firm.
The Buzz in Ukraine: Interview with Illya Tkachuk of Integrites
Comprehensive legislative overhaul, thriving business sectors, and new opportunities for foreign investors – these are the hot topics in Ukraine right now, according to Integrites Partner Illya Tkachuk.
Mykyta Nota Makes Partner at Avellum
Head of Avellum's Competition practice Mykyta Nota has been promoted to Partner, as of January 1, 2022.
Hillmont Partners Welcomes Valentyn Zasukha as Partner
Valentyn Zasukha has joined Hillmont Partners as Partner and Head of Corporate and M&A Practice.
Yan Voinikanis-Myrskyi Joins Eterna Law as Partner
Yan Voinikanis-Myrskyi has joined Eterna Law as Partner and will head criminal law and public procurement practices.
Diia City Law in Ukraine: IP
On 11 August 2021, the President of Ukraine signed Law of Ukraine “On Stimulating the Development of the Digital Economy in Ukraine” No. 1667-IX (“Law”). Most of its provisions became effective on 14 August 2021, introducing Diia City, a special legal regime for IT companies, and bringing changes beyond the IT industry.
Deal 5: 4i Capital Partners Investment Manager Konstantin Vasiuk on Sell of Portmone
On October 20, 2021, CEE Legal Matters reported that Kinstellar had advised 4i Capital Partners on its sale of Ukrainian online payment platform Portmone to Kazakhstan’s financial technology firm Kaspi.kz subsidiary Kaspi Pay. CEE In-House Matters spoke with Konstantin Vasiuk, Investment Manager at 4i Capital Partners, to learn more about the deal.
Redcliffe Partners Scoops Up Albert Sych
Former EY Partner and Law Leader for Ukraine Albert Sych has joined Redcliffe Partners.
Real Estate Laws and Regulations in Ukraine
Contributed by Arzinger.
For Foreign Investors: Peculiarities of Share Transfers in Ukraine
As a rule, transactions with securities, including shares in joint stock companies, require the engagement of an investment firm, in particular a securities broker. At the same time, the Law of Ukraine “On Capital Markets and Organised Commodity Markets”, which entered into force on 1 July 2021, provides for several exceptions to this rule. Indeed, an investment firm engagement is not required for the transactions made outside of Ukraine.
Ukraine’s New Cutting-edge IT Law
Ukrainian Government has pledged to bring economic opportunities for foreign investors by digitalising the country and liberalising business laws. A big part of this promise comes with a new law “On Stimulating Development of Digital Economy in Ukraine” (“Law”). Most provisions of the Law came into force on 14 August 2021, but the Law will be operative in 2022 once all regulations are in place.
Buyers Become More Demanding with Respect to Potential Targets, AVELLUM’s Survey Reveals
AVELLUM for the second time researched how the coronavirus outbreak affected the plans of businesses to purchase or sell assets or companies in Ukraine in the next 6 to 12 months. We surveyed over 90 owners, top managers, and heads of legal departments of Ukrainian and international companies in 2021.
Ukrainian Competition Authority Puts Corporate Investment Funds under Spotlight
Over the past year, the Antimonopoly Committee of Ukraine has been closely scrutinizing business structures involving corporate investment funds during the review of merger control notifications. In particular, the regulator is interested in relations of control among asset management companies, corporate investment funds, and their shareholders. Depending on the regulator’s position, the list of parties to a concentration can be significantly wider than one may probably realize.
Ukrainian Competition Authority Puts Corporate Investment Funds under Spotlight (2)
Over the past year, the Antimonopoly Committee of Ukraine has been closely scrutinizing business structures involving corporate investment funds during the review of merger control notifications. In particular, the regulator is interested in relations of control among asset management companies, corporate investment funds, and their shareholders. Depending on the regulator’s position, the list of parties to a concentration can be significantly wider than one may probably realize.
The Polish-Ukrainian Connection: Interview with Marcin Wierzbicki of Konieczny Wierzbicki
Poland and Ukraine – a distinct pairing some would say. The two European countries are close to one another – both geographically and historically – yet, while they share a lot of similarities, they remain quite distinct. Given the sheer size of these countries and economies, their relationship, and a growing amount of investor interest – going both ways – we took a deeper dive to explore what makes their relations tick. And what better way is there to understand the countries’ entangled relationship than to talk to someone with Marcin Wierzbicki’s profile? Born and raised in Poland, the Konieczny Wierzbicki Managing Partner has had the opportunity to spend quite some time in Ukraine and, as such, has a unique perspective on both countries and their respective markets.