The long-awaited Law of Ukraine “On amendments to the Land Code of Ukraine and other legislative acts to improve the governance of land relations and their deregulation” No. 1423-IX (“Law”) entered into force (save for certain provisions).

The Law aims to boost the capabilities of local authorities (“Municipalities”) by granting them ownership rights to the state-owned lands located outside the villages and towns (“Outside Lands”). As a result, the Municipalities will manage the Outside Lands instead of the State Service of Ukraine for Geodesy, Cartography and Cadastre and other state authorities.

According to the Law, the Municipalities will become owners of the Outside Lands either:

There will be no need for the Outside Lands’ users to amend their agreements due to the change of the landlord.

Additionally, the Law:

We believe that the Law will boost the Municipalities and enable agricultural land users to raise additional funding for their business. AVELLUM is ready to guide the clients through the novelties of the Law in order for them to make the most of the new opportunities. For further information on the topic please contact Maksym Maksymenko, Partner, or call at +380 44 591-3355.