MEDIA COVERAGE
31 March 2015

Kiyv Post Publishes the Commentary of Olefsandr Maydanyk on Ukranian Tax Amnesty

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

Kyiv Post Legal Quarterly Publishes a Commentary of Oleksandr Volkov on Unfavorable Tariffs on the Alternative Energy Market

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

Deal 5: TransFin-M PC General Counsel on RUB 3 Billion Bond Issuance

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

Getting the Deal Through – Arbitration 2015

Ilya Nikiforov, Alexey Karchiomov and Svetlana Popova became the authors of the Russia chapter of the Getting the Deal Through – Arbitration 2015.

12 March 2015

New Regulations for Re-Registration of Branches and Representative Offices of Foreign Companies Effective Since March 16, 2015

6 March 2015

Legal Alert: Preliminary Unofficial Clarifications on Personal Data Localization Rules

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

Legal Alert: Extension of the Restrictions of the National Bank of Ukraine Aimed at Stabilisation of the Situation on Ukrainian FX Market

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

Legal Alert: New FX Restrictions Affecting Ukrainian Importers

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

Mergermarket Reports EPAM Advise Belarus' National Agency of Investment and Privatisation on the Confectionery Factory Konfa and the Minsk Margarine Plant Privatisation

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

Legal Alert: Ukrainian Tax Amnesty Program in 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

Legal Alert: Ukrainian Tax Reform in 2015 Will Affect Businesses

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

Legal Alert: New Personal Data Localization Rules in Russia – UPDATE

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

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.