Insights
19 December 2014

KyivPost Legal Quarterly publishes a commentary by Oleg Boichuk on disclosure and transparency requirements for beneficiaries of local companies

The Verkhovna Rada, the nation’s par­liament, on Oct. 14 adopted a law that requires Ukrainian companies to disclose their true owners. The move is aimed at fighting corruption as many elected officials and others hide their ownership of companies and fail to disclose conflicts of interest.

9 December 2014

The Lawyer publishes a commentary by Markiyan Kliuchkovskyi on what should be done to attract investors to Ukraine

Ukraine’s identity crisis has pushed lawyers to set personal politics aside to help clients protect assets, restructure businesses and negotiate unprecedented deals with Russian lawyers.

8 December 2014

The Lawyer publishes a commentary by Markiyan Kliuchkovskyi in a special report on Ukraine

The Ukraine crisis has raised questions over which rule of law to follow, but the flight of international investors is giving local firms an advantage.

20 November 2014

Global Trade Review Magazine publishes an interview with Roman Stepanenko on Ukrainian banking sector in need of change

Long-overdue reform of the domestic banking sector is increasingly the objective of the business community in Ukraine, GTR has learnt, as international lenders continue to consider their exposure to risk in a market mired by war and in the midst of currency crisis.

19 November 2014

Merger Control in Russia: New Trends and Developments

International Antitrust Bulletin by ABA Section of Antitrust Law publishes an artcile by Anna Numerova and Elena Kazak.

10 November 2014

Private Equity: 2nd edition – Russia

Mikhail Kazantsev, Arkady Krasnikhin, Michael Copeland, Roman Malovitsky and Mark Rovinskiy authored the Russia chapter of Private Equity Jurisdictional comparisons: Second Edition 2014.

4 November 2014

Legal alert: Ukraine introduces new disclosure and transparency requirements for beneficiaries of local companies and owners of real estate

On November 25, 2014, the recently adopted Law “On Introduction of Changes to Certain Legal Acts of Ukraine Related to Determination of Ultimate Beneficiaries of Legal Entities and Public Figures” (the “Beneficiaries Law”) will come into force.

31 October 2014

UPDATE: Cancellation of Certain Restrictions on Foreign Currency Transactions

The National Bank of Ukraine (the “NBU”) has adopted the Resolution dated 30 October 2014 No. 685 “On introducing certain amendments into the regulations of the National Bank of Ukraine” (the “Resolution 685”). Resolution 685 has withdrawn certain foreign currency restrictions previously introduced by the NBU in Resolution No. 540 dated 29 August 2014 in an attempt to limit outflow of funds from Ukraine.

30 October 2014

Arbitrating Crimea-related commercial disputes

GAR publishes an article by Dmytro Marchukov and Serhii Uvarov on arbitrating Crimea-related commercial disputes.

28 October 2014

Legal alert: Taxation of the Controlled Foreign Companies (CFC): Revised Draft Bill Submitted to State Duma

On October 22, 2014 a draft law on the taxation of the Controlled Foreign Companies was submitted to the State Duma of the Russian Federation. The Duma’s specialized committees should provide their comments on the draft before November 2, 2014.

10 October 2014

Allocation of court costs in commercial litigation under Russian law

An article by Dmitry Tugushi and Roman Krylov is published in International Litigation News, Newsletter of the International Bar Association Legal Practice Division.

23 September 2014

Legal alert: UPDATE: Restrictions on Foreign Currency Transactions and Mandatory Sale of Foreign Currency Revenues

Effective as of 23 September 2014, the National Bank of Ukraine (the “NBU”) has amended certain restrictions aimed at stabilisation of the situation on Ukrainian foreign exchange market, which were introduced by the NBU in the end of August – beginning of September 2014 and formalised by Resolutions of the NBU no. 515 dated 20 August 2014 (the “Resolution 515”) and no. 540 dated 29 August 2014 (the“Resolution 540”).

16 September 2014

Pharmacy and Pharmaceuticals Market Regulation News

Egorov Puginsky Afanasiev & Partners publish an update on Pharmacy and Pharmaceuticals Market Regulation News.

12 September 2014

Legal alert: Taxation of Controlled Foreign Companies: Updated Draft Law

On September 2, 2014 the Russian Ministry of Finance posted the third revision of the draft law on taxation of controlled foreign companies - CFCs (hereinafter the “Draft Law”) on its site.

10 September 2014

Legal alert: Reformation of Management of Gas Transportation System of Ukraine

On 14 August 2014, Verkhovna Rada of Ukraine has adopted the Law No. 1645-VII “On Amendments to Certain Laws of Ukraine with respect to Reformation of the Management System of the Uniform Gas Transportation System of Ukraine” (the “Law”) which comes into force on 10 September 2014. The Law allows, among other, participation of non-resident legal entities in the management of Uniform gas transportation system of Ukraine (the “GTS”).