The Ukrainian Journal of Bussines Law

[http://www.portmone.com.ua/v2/ru/services/periodicals/2533/] Counse link ANTIKA Law Firm 12, Khreshchatyk street, 2-nd floor, Kyiv , 01001 , Ukraine Phone: +38 (044) 390 09 20 Fax: +38 (044) 390 09 21 office@antikalaw.com.ua www.antikalaw.com.ua/en Arzinger 75, Zhylyanska Street., 5th floor, Kyiv , 01032 , Ukraine Phone: +38 (044) 390 55 33 Fax: +38 (044) 390 55 40 mail@arzinger.ua www.arzinger.ua Asters Leonardo Business Center, 14th floor, 19-21 Bohdana Khmelnytskoho St., Kyiv , 01030 , Ukraine Phone: +380 44 230 6000 Fax: +380 44 230 6001 info@asterslaw.com www.asterslaw.com Chadbourne & Parke LLP 25B Sahaydachnoho Street, 3 Floor, Kyiv , 04070 , Ukraine Phone: +38 (044) 461 75 75 Fax: +38 (044) 461 75 76 Kyiv@chadbourne.com www.chadbourne.com CMS Cameron McKenna LLC 6 Floor, 38 Volodymyrska Street, Kyiv , 01034 , Ukraine Phone: (044) 391 33 77 Fax: (044) 391 33 88 kyivoffice@cms-cmck.com www.law-now.com DLA Piper Ukraine, LLC 77A Velyka Vasylkivska Street, Kyiv , 03150 , Ukraine Phone: (044) 490 95 75 Fax: (044) 490 95 77 ukraine@dlapiper.com www.dlapiper.com Gvozdiy & Oberkovych 19b Institutska str., Office 29, Kyiv , 01021 , Ukraine Phone: +38 (044) 581 12 20 Phone: +38 (044) 581 12 21 Fax: +38 (044) 581 12 22 info@gvozdiy.com www.gvozdiy.com International law firm Integrites 15-B Borysohlibska St.,, Kyiv , 04070 , Ukraine Phone: +380†(44) 391 38 53 Fax: +380†(44) 391 38 54 pr@integrites.com www.integrites.com Inyurpolis law firm (ILF) 14-A †Skrypnyka Street,, Kharkov , 61057 , Ukraine Phone: +38†(057)†728 00 00 Fax: +38†(057)†714 06 28 office@ilf-ua.com www.ilf-ua.com Konnov & Sozanovsky 23 Shota Rustaveli Street, Suite 3, Kiev , 01019 , Ukraine Phone: +380 (0) 44 490-5400 Fax: +380 (0) 44 490-5490 info@konnov.com www.konnov.com LCF Law Group 47 Volodymyrska street, Office 3, Kyiv , 01034 , Ukraine Phone: +38 (044) 455 88 87 Fax: +38 (044) 502 55 23 info@lcfgroup.com.ua www.lcfgroup.com.ua/en/ Sokolovskyi and Partners Law Firm 25 Klinichna Street, 2nd floor, Kyiv , 03141 , Ukraine Phone: +380 44 495 1928 Fax: +380 44 275 6799 pravo@lex.org.ua www.lex.org.ua Spenser & Kauffmann 3 Panfilovtsev Street, Kyiv , 01015 , Ukraine Tel./Fax: +38 (044) 288 83 83 office@sklaw.com.ua www.sklaw.com.ua VS Litigation 16/3, M. Zhytomyrska Str., Office 28, Kyiv , 01001 , Ukraine Phone: +380 (44) 227 44 99 Fax: +380 (44) 278 31 73 Kyiv@vslitigation.com vslitigation.com CURRENT ISSUE ( May 2012 ) In focus – Business Crime A total crackdown on criminal liability legislation and general business crime regulation is developing around the globe and locally. No wonder that Ukrainian realities differ somehow. Criminal prosecutions became a rather widespread tool of regulatory pressure latelyЕ Expert Opinion Decriminalization of Business Crime: Quo Vadis? Vitalii V. Mazur, Olena V. Pleshan As described in numerous legal commentaries, the On Amendments to Certain Legislative Acts Regarding Humanization of Responsibility for Legal Infringements in the Sphere of Business Activities Act of Ukraine of 15 November 2011, No.4025-VI has decriminalized a number of activities that were recently classified as business crimes. This Act also УconvertedФ some formerly criminal acts into administrative and customs violationsЕ In Re Tax Evasion: the Main Points to be Borne in Mind Maksym O. Sysoiev, Oleksandr A. Kripak Probably, from the moment when the state introduced taxes and various duties into society the first attempts to evade paying such taxes and duties were made. Thus, from the very beginning of the taxation system the instrument of liability for violation of tax legislation played a significant role. Tax evasion is considered by the state as a serious violation of legislation and is subject to punishmentЕ VAT Carousels Anna F. Tyshchenko Being a subject of utmost interest in Europe, VAT carousels remain almost unknown to Ukrainian criminal law practice, lawyers and business. The attention of national legislation and tax authorities is concentrated mostly on identification of so-called Уtax holesФ and effective elimination of possible negative consequences of their use. There is no such term as УVAT carouselФ in Ukrainian legislation, no articles and investigations on this topicЕ Fictitious Business Vadym S. Tugay Fictitious business is a crime under Article 205 of the Criminal Code of Ukraine , defined as establishment or acquisition of business entities with the purpose to cover up illegal activities or to exercise prohibited activities. Though there are various situations where entrepreneurship can be fictitious the law enforcement bodies of Ukraine in the current circumstances focus attention at those businesses that are established in order to minimize taxation (the so-called tax pits)Е Hot Issue Cross-Border Debt Restructuring: Implementation in Ukraine Igor V. Krasovskiy, Mykhailo V. Lukashenko The repercussions of the recent financial crisis are still being felt throughout the world, which means that many corporations will continue to face difficulties repaying their debts. Therefore, debt restructuring is on the agenda of many creditors and borrowers. Although there are several possible solutions for restructuring of the debt, consensual out-of-court restructuring has proved to be the most efficient one... Business Lunch УLeveling UpФ InvestorsТ Protection Argument Ukraine-Bulgaria Ч the (Non) Traditional Route for Investments Anna M. Zafirova They say that history is the mother of all sciences. Turning back to the past, the Ukrainian-Bulgarian relations could be traced to the Middle Ages. According to scientists, the Slavic tribes, which started settling in the territory of Bulgaria in the 5th and 6th centuries, originally inhabited the lands between the Dnieper and the Dniester RiversЕ Crux Corporate Restructuring in Ukraine: Long-expected Necessity Ivan Yurchenko Corporate restructuring today is not an issue of taxes. In first place it is protection of business and confidentiality of beneficiaries. The requests for restructuring services are in demand, despite extremely low investments in the country and expectations of the next global financial crisisЕ Oksana Kyrychenko Due to the legislation currently in effect, Ukrainian companies that wish to take the IPO journey are restructuring by introducing into their structure a foreign holding company ? the ultimate parent for a Ukrainian businessЕ Konstantin Sidorenko One of the important legal aspects of company reorganization is selection of a new legal and organizational form. The most popular form of restructuring in Ukraine is a takeover of competing companies through acquisition of assets or a merger of companiesЕ Mykola Stetsenko Certainly, corporate restructuring differs for various industries. Some groups have active trade operations on international markets and they need special trading vehicles within their corporate structuresЕ Lesia Melnyk The process of restructuring major state-owned companies and joint stock companies, where the state owns substantial stock, has several features. Thus, a change of ownership as a way of restructuring such companies takes place by means of privatization in accordance with Ukrainian legislationЕ HOME CURRENT ISSUE SUBSCRIBE & ORDER NEWS SPONSORSHIP & ADVERTISING GET PUBLISHED EDITORIAL CALENDAR ARCHIVE CONTACT HOME CURRENT ISSUE SUBSCRIBE & ORDER NEWS ADVERTISE GET PUBLISHED EDITORIAL CALENDAR ARCHIVE CONTACT BANNER EXCHANGE Copyright © 2003-2010 by Yuridicheskaya Practika Publishing. All rights reserved.