Legal alerts

Ukraine further improves investment climate

Overall, the NBU has cancelled more than 30 FX restrictions towards the free flow of capital since the beginning of 2019. 

16 July 2019

Law on energy regulator declared unconstitutional

Constitutional Court of Ukraine declared unconstitutional certain provisions of the Law of Ukraine “On the National Energy and Utilities Regulation Commission” regarding the legal status of the National Energy and Utilities Regulation Commission, and the powers of the President of Ukraine and the Ukrainian Parliament on appointment of members of the Regulator.

27 June 2019

Ukraine extended sanctions against certain Russian and other foreign companies and individuals

Generally, the sanctions limit economic activities in Ukraine, prevent the withdrawal of capital outside of Ukraine and prevent certain individuals from entering the country.

16 April 2019

Agribusiness is now free from participation in infrastructure development

On 1 January 2019, the amendments to the Law of Ukraine “On the Regulation of Town Planning Activity” No. 3038-VI, dated 17 February 2011, became effective.

31 January 2019

CURRENCY CONTROL REFORM IN UKRAINE IS APPROACHING FINISH LINE

In implementation of the new Law of Ukraine “On Currency and Currency Transactions”, the National Bank of Ukraine introduced new currency control rules (“New FX Rules”) taking effect on 7 February 2019. The New FX Rules will remove or significantly ease over 20 currency control restrictions. 

29 January 2019