Legal alerts


Today 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 state-owned lands located outside villages and towns (“Rural Areas”). As a result, the Municipalities will manage the Rural Areas 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 Rural Areas either:

  1. by registering their ownership rights with the State Register of Proprietary Rights to Immovable Property (“Real Estate Register”) if it already contains information on the Rural Areas; or
  2. automatically if the Real Estate Register does not contain information on the Rural Areas.

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

Additionally, the Law:

  1. allows emphyteuta (a user under emphyteusis agreement) to lease out the land plot without the landlord’s permission
  2. allows tenants of privately owned agricultural land plots to sell their lease rights without the landlord’s permission
  3. allows users of privately owned agricultural lands plots to pledge their land use rights to any third parties
  4. sets the detailed foreclosure procedure on the pledged land use rights
  5. allows owners of the buildings located within the coastal protection zones to reconstruct them
  6. introduces the rankings of pre-emptive right to purchase agricultural land plots

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 new opportunities.

Additional notes

For further information on the topic please contact Maksym Maksymenko, Partner, or by telephone at +380 44 591-3355 or via e-mail.

Posted on May 27, 2021

Vadim Medvedev and AVELLUM team helped to secure anti-suit injunction before High Court in England and Wales

AVELLUM is pleased to announce that its partner, Vadim Medvedev, acted as an expert on Ukrainian law in a high-profile case before the High Court of Justice. The case arises from certain claims related to alleged misappropriation of loans originally issued by a now-insolvent Ukrainian bank. AVELLUM’s assistance proved instrumental for the High Court to […]

Posted on September 12, 2023 by VADIM MEDVEDEV

AVELLUM Tax Practice Earns Recognition in ITR World Tax 2024 Ranking

We are delighted to announce that AVELLUM Tax practice has received recognition in the prestigious ITR World Tax 2024 ranking, a renowned global guide to top tax firms released by the International Tax Review (ITR). AVELLUM Tax Practice is recognized in two categories: The ranking also acknowledges the professionalism and contributions of our esteemed lawyers: […]

Posted on September 11, 2023 by MYKOLA STETSENKO
Subscribe to our Newsletter
Search results: