31 March 2015
Experts: Tax changes have clear flaws. Ukraine is trying to create a simpler and fairer tax system that also encourages people to pay their share rather than evade taxes. But recent changes still fall short of the goal, according to some critics.
30 March 2015
Alternative energy market faces unfavorable tariffs
The energy market regulator reduced the green tariff - the amount paid for electricity produced from renewable sources - by SO percent on Feb. 27.
20 March 2015
In February of this year CEE Legal Matters reported on the issuance by TransFin-M PC's of convertible bonds with a nominal value of RUB 3 billion, which EPAM – the firm working with TransFin-M on the matter – described as "unique for the Russian market."
19 March 2015
Ilya Nikiforov, Alexey Karchiomov and Svetlana Popova became the authors of the Russia chapter of the Getting the Deal Through – Arbitration 2015.
6 March 2015
New amendments to the Federal Law dated 27.07.2006 No. 152-FZ “On Personal Data” that inter alia introduce personal data localization rules take effect on 1 September 2015. The new rules therefore will enter into force sooner than initially announced, giving personal data operators less time to prepare for the upcoming changes.
5 March 2015
The National Bank of Ukraine (the “NBU”) has adopted the resolution No.160 dated 3 March 2015 (the “Resolution 160”) aimed at stabilisation of the situation on Ukrainian FX market. According to Resolution 160, the NBU has extended most of the existing restrictions set out in the NBU’s previous similar resolution No. 758 as of dated 1 December 2014 and introduced several additional restrictions.
25 February 2015
On 23 February 2015, the National Bank of Ukraine (the “NBU”) adopted resolution No.124 “On Peculiarities on Carrying out of Certain Foreign Currency Transactions” (the “Resolution 124”) which, in addition to already existing FX transfer limitations, introduces restrictions on certain FX transactions carried out by Ukrainian importers. In the situation of economic deterioration and Ukrainian hryvnia devaluation, the Resolution is reported to aim at further prevention of capital outflows from Ukraine.
28 January 2015
Belarus' National Agency of Investment and Privatisation (NAIP) is preparing to reissue privatisation tenders for the confectionery factory Konfa and the Minsk Margarine Plant (MMP), said Olga Rutkovskaya, head of the privatisation department at NAIP. The launch is expected in the middle of February, she said.
21 January 2015
With Tax Amnesty Law coming into effect on 17 January 2015, the final details of Ukrainian tax amnesty program have become public.
16 January 2015
Recently adopted Law on Tax Reform introduced important changes to Tax Code coming into effect in 2015. Some minor taxes are cancelled, new taxes on businesses introduced, tax rates increased and tax administration procedures changed significantly for some key taxes.
13 January 2015
The President of the Russian Federation signed the Federal Law on amendments to the Russian personal data legislation on 31 December 2014. This law changes the date of entry into force of recent amendments related to personal data processing in information telecommunication networks to 1 September 2015 instead of 1 September 2016.
19 December 2014
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
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 Ukraine crisis has raised questions over which rule of law to follow, but the flight of international investors is giving local firms an advantage.