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On 3 July 2019 the Grand Chamber of the Supreme Court rendered a precedent-setting decision on reversal of transactions aimed to defraud creditors.
The new Code of Ukraine on Bankruptcy Procedures entered into force on 21 April 2019 and will apply from 21 October 2019.
Overall, the NBU has cancelled more than 30 FX restrictions towards the free flow of capital since the beginning of 2019.
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.
Generally, the sanctions limit economic activities in Ukraine, prevent the withdrawal of capital outside of Ukraine and prevent certain individuals from entering the country.