Ukraine introduces a new package of sanctions against 674 individuals and 138 companies
On Friday 21 May 2021, the President of Ukraine signed a presidential Order enforcing the National Security and Defense Council Decision of 14 May 2021 “On Imposition of Personal Special Economic and Other Restrictive Measures (Sanctions)” (the “NSDC Decision”).
Implementation of large-scale infrastructure projects is one of the key priorities of the Government
Implementation of large-scale infrastructure projects is one of the key priorities of the Government for the upcoming years. The prospects of the infrastructure development look promising, and the sheer number of investment opportunities Ukraine can offer rises steadily.
ANTI-CORRUPTION REGULATION 2021
Find out more about anti-corruption regulation in Ukraine and its compliance with international anti-corruption law, the latest amendments to Ukrainian anti-corruption legislation, as well as activities of Ukrainian anti-corruption bodies in special report prepared by Managing Partner, Attorney at law Valentyn Gvozdiy.
Foreign companies doing business in Ukraine in 2021: tax issues to consider
In the middle of 2020, significant tax reform was introduced in Ukraine. The newly adopted changes aim at implementing the BEPS plan into Ukrainian legislation and can influence significantly the presence of foreign business here.
Production Sharing Agreements in Ukraine: Who Will Win the Battle?
The PSA law, despite its comparatively rare usage, complies with the best industry practices and provides the parties with enough instruments to ensure, that the signed PSA will suit their needs. At the same time, the PSA industry receives less attention from the State and, therefore, is less successful in Ukraine, especially comparing to the …
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MAPing taxes: How to protect international investors in an unsettled tax world
Based on the data from the Organization for Economic Co-operation and Development (OECD), the world economy should say “gracias” to multinational enterprises (MNEs) for approximately 50% of the global exports, 33% of the world’s GDP, and 25% of the global employment. Huge amounts of capital moving back and forth between MNEs have eventually appeared on …
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New Mode of Corporate Governance: One-Tier Boards to be Introduced in Ukraine
Businesses all around the world face enormous challenges due to pandemic. Good governance is in demand like never before. Both public and private companies have recognized that corporate governance affects directly their financial performance and long-term development. The governments have seen the value in well-governed companies too, and thus they cooperate with business in updating …
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The new special economic zone for IT business in Ukraine: “Diia City” in details
The new ambitious project of the Ukrainian government “Diia City” has been presented in the summer this year as a concept of a special legal framework for IT industry. The initiative was reflected in several draft laws, but some have been rejected already. Currently the draft law #4303 with its alternative versions #4303-1, #4303-2 is …
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Esport is a new niche in IT sector of Ukraine
Nowadays, few of us could be surprised by the scale of the esport industry development. Hundreds of thousands of tournaments’ live views, millions of dollars in prize pool and advertising revenue are constantly promoting esport in the world and in Ukraine in particular. The recent privatization of the Dnipro Hotel, which will include an esport …
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Ukrainian banks vs unfair corporate debtors: the recent context
Non-performing loans (NPL) are one of the most popular types of credit contract breaches that substantially distorts the economy of any country and damages the health of the banking system as a whole. In Ukraine, the issue is especially acute: nearly a half the of credit portfolio of Ukrainian banks is non-performing.