The Ukrainian Journal of Business Law

[http://ukrainianlawfirms.com] 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 Senator Business Center, 32/2 Moskovska street, 10th floor, Kyiv , 01010 , 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 DLF attorneys-at-law Torus Business Centre, 17d Hlybochytska Street, Kyiv , 04050 , Ukraine Phone: +380 44 384 24 54 Fax: +380 44 384 24 55 info@dlf.ua www.dlf.ua GOLAW 19B Instytutska Street, Office 29, Kyiv , 01021 , Ukraine Phone: +38 (044) 581 12 20 Phone: +38 (044) 581 12 21 Fax: +38 (044) 581 12 22 info@golaw.ua www.golaw.ua Ilyashev & Partners 11 Kudryavska Str, Kyiv , 04053 , Ukraine Phone: +38 (044) 494 19 19 Fax: +38 (044) 494 19 99 office@attorneys.ua www.attorneys.ua 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/ Sayenko Kharenko 10 Muzeyny Provulok, 7th floor, Kyiv , 01001 , Ukraine Phone: +380 44 499 6000 Fax: +380 44 499 6250 info@sk.ua www.sk.ua CURRENT ISSUE ( May 2018 ) In focus – IP Rights on Internet —heap and easy access to the Internet has over the past few years drastically changed the way we communicate, work, shop and find information. Not only has it made the majority of companies move on-line and adapt their business to the digital environment, but also created a specific market with lots of challenges. Expert Opinion Use of Third Party Trademarks in Search Advertising Alexander Molotai Businesses around the world spent nearly USD 192 billion on online advertising. Yes, the figure youТre reading is right. One hundred and ninety two billion United States Dollars. The 2017 online advertising statistics tell us that for every minute an estimated 650,000 searches were made on Google, over 700 videos were hosted on YouTube, over 700,000 status updates and 500,000 comments were posted on Facebook, over 65,000 tweets were made, and approximately 180 million emails were sent.† † In Re Framework for УNotice-and-TakedownФ Procedure: UA vs US Andrey Nikolayenko In May 2013 Ukraine was designated by the U.S. Government as a Priority Foreign Country (PFC), which meant that Ukraine has been ranked the No. 1 pirate country in the world. The PFC designation was based specifically on three critical problems in UkraineТs intellectual property rights (IPR) regime, and one of them is failure to implement Уan effective and systemic means to combat widespread online infringement of copyright and related rightsФ. These problems (namely, online piracy, of which torrents and illegal online movie streaming are the most representative examples) are causing severe economic harm to copyright rights holders in Ukraine. The Games as an IP Asset Tatiana Kharebava, Veronika Zbryzka The video games industry is now one of the most lucrative. This industry has caught up with the film and sport industries in terms of profit growth. Such data became known after the reports of two famous analytical companies, SuperData and Unity Technologies, were published in January 2018. The title of the report is more eloquent than any conclusions: "CanТt Stop, WonТt StopФ. Indeed, the global financial crisis is not having such a beneficial effect on any industry of the economy as on the gaming industry: people have been playing games and will continue to play. Therefore, factors that could counteract the financial growth of the video games industry do not exist yet. † News Deals Vasil Kisil & Partners advised Corteva Agriscience CMS advised ING on USD 80 million facility to Vioil Dentons advised BNP Paribas AEQUO advised DebtX MHP SE announced Eurobond closing Asters advised CMEC † Cases NBU lost action in Privatbank case to Cypriot company ProsecutorТs Office ordered to pay UAH 5 million of moral damage for 12 years of inaction Wolf of Wall Street producer to pay USD 60 million fine due to non-transparent financing Representatives of Siemens lost appeal in УCrimean turbinesФ case in Russia Court prohibited copying popular УKievskiy cakeФ against claim filed by Roshen Odessa airport real estate transferred under ARMA administration Draft Ministry of Finance proposed establishing criteria for high income individuals Ukraine signed four conventions of the Council of Europe New Draft envisages new Sanctions over conflict in Donbas † Law digest Deposit Guarantee Fund cooperation procedure with agent banks Licensing requirements for small wineries simplified Annual planning of business inspections Regulation on leasing of property of insolvent banks † Banking & Finance Latvian ABLV Bank working with CIS to be liquidated On 26 February 2018, shareholders of the Latvian ABLV Bank adopted a decision on its liquidation at their extraordinary meeting. Capital outflow from the loans institution began after the report by the US Financial Crimes Enforcement Network (FinCEN) on the intention to introduce sanctions against ABLV Bank for implementing money laundering schemes assisting the North Korean nuclear program and illegal activities in Azerbaijan, Russia and Ukraine. As a result, EUR 600†million was withdrawn from the bank. Chamber News American Chamber of Commerce in Ukraine welcomes Congresswoman Marcy Kaptur The American Chamber of Commerce in Ukraine was delighted to welcome Congresswoman Marcy Kaptur , who represents Ohio’s Ninth Congressional District and is currently serving her seventeenth term in the U.S. House of Representatives. Congresswoman Kaptur is a co-founder and co-chair of the Congressional Ukraine Caucus and the longest-serving woman from the State of Ohio in history. Cover Story Reaching Synergies We are aware that the area of intellectual property protection is affected less by economic crises, and is getting rapidly internationalized. It spans into the Internet and commercializes innovations. Brand owners think globally, while regulations should be continually adjusting to technological developments. This requires IP services providers to establish partnership networks, monitor trends in different parts of the world and research the strategies of global IP trend setters. We asked Viktoriia Ostapchuk and Anna Kravchuk , founders of Synergy IP Law Agency , to tell us how a Ukrainian IP law firm meets this professional challenge, and what business vision assists them in reaching synergies.†† † Argument Innovation and Technology in the Modern Business Law of Ukraine Maryana Sayenko, Alina Kuksenko Referring to the works of Jacques Ellul, a XX-century French philosopher and sociologist, one can come across his famous quote about technological development: УTechnology has become a total phenomenon for civilization, the defining force of a new social order in which efficiency is no longer an option but a necessity imposed on all human activityФ. That remains true-to-life in our fast-developing and increasingly competitive world, where efficient use of innovation, technology and modern digital instruments directly affects economic success and business viability. † How To Employing Foreign Specialists in Ukraine Ч Have the Rules of the Game Been Simplified? Taras Lytovchenko, Arthur Kozak Following the strategy of the Government to improve the Уdoing businessФ climate in Ukraine, Parliament adopted the Law of Ukraine On Amendments to Certain Legislative Acts of Ukraine Regarding Elimination of Barriers to Attracting Foreign Investments of 23 May 2017 (hereinafter Ч the Law), which came into force on 27 Septem ber 2017.† The Law with such an expressive name should have definitely removed the barriers for employment of foreigners, but what have we actually received? Putting the cart before the horse, the Law really significantly changed the procedure of obtaining work permits, facilitating it essentially on the one hand, but introducing some questionable conditions on the other. † Crux Legal Digest The UJBL editorial team spent the last month monitoring recently adopted legislation and new initiatives. This month we asked to comment on the law of Ukraine On State Financial Guarantees for Medical Treatment of the Population; Resolution No.254 which established the rules on state support for agribusiness in 2018; Law of Ukraine On State Control over Compliance with Legislation on Food Products, Feeds, By-Products of Animal Origin, Health and Welfare of Animals. † We bring together expert thoughts about proposed draft laws On Concession ; On Introduction of Amendments to the Land Code of Ukraine and some other Legislative Acts on Countering Raiding ; On Amendments to the Tax Code of Ukraine and some Legislative Acts Regarding Criteria for Identifying High Income Individuals. † News Biznews Technologies Declaration on establishing European Blockchain Partnership signed Visa Policy Ukraine started issuing electronic visas for citizens of 46 countries M&A CMS European M&A Study Boom in W&I Increased use of locked boxes Decrease in liability caps Regional differences Transfer Pricing Statements on transfer pricing filed Banking & Finance Latvian ABLV Bank working with CIS to be liquidated † Subscribe Subscribe to The Ukrainian Journal of Business Law right now and enjoy the most relevant issues on doing business in Ukraine on your device or in print. 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