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 LATEST NEWS July 2, 2018 DLA Piper advised Haas Group DLA Piper advised Haas Group on the global sale of their global group headquartered in Austria to a Swiss company, Bühler AG. Christoph Mager, partner and corporate practice head at DLA Piper's office in Vienna, Austria, was leading the interna… June 26, 2018 Asters advised IFC on USD 17 million financing to Agrofusion Asters acted as a Ukrainian law counsel to International Finance Corporation (IFC), a member of the World Bank Group, in connection with USD 17 million loan to Agrofusion, the largest tomato paste and industrial tomato producer in Ukraine. IFC is … June 21, 2018 Vasil Kisil & Partners advised on opening new Auchan store A new Auchan Zorianyi in Dnipro has joined this spring 2018 the Auchan hypermarket chain in Ukraine. Vasil Kisil & Partners acted as legal advisor to Auchan Ukraine on obtaining the lease of the premises. Before deciding on the location for t… Read more news CURRENT ISSUE ( June 2018 ) In focus – Infrastructure The development of Ukraine’s infrastructure is a priority of the Ukrainian Government. This sector inherited outdated soviet capacities and needs urgent modernization. After all, it determines the development of the state’s export and transit capabilities. The standstill is disruptive when the issue is of strategic merit and national significance. The legal background is fundamental to driving this process, and at least the relevant legislation is on its way for final approval. Expert Opinion Concession: New Hope Kateryna Chechulina, Anatolii Doludenko In August of this year Ukraine will celebrate the 27th anniversary of its independence. During this relatively short period, Ukraine has progressed in its development, as a country and nation, and continues to take steps to ensure further growth. However, there is still a lot of work to do for the country to succeed. One of the areas of huge importance to help Ukraine move forward is its infrastructure. In Re An Abstract on Road Reform in Ukraine Vladlena Lavrushyna , Volоdymyr Yaremko Development of the road infrastructure is vital in promoting economic growth of the countries. Progressive policy regime and legal framework regulating the road sector can go a long way in bringing various competitive advantages to the country and greater efficacy for society in general. Managing and conserving the roads is one of the main tasks many states currently need to face, while some of them need†to consider it†as an urgent priority. Medical Assets: Management, Investment and Energy Efficiency Sergey Silchenko, ќlena Khytrova Last year, the Ukrainian Parliament changed the principles of healthcare funding. The first stage of implementation of these changes will begin on 1 July 2018 Ч any medical institution (private and municipal clinics or independent doctors) will be able to receive state funds for primary care medical services provided to patients (family doctors, therapists, pediatricians). This funding will be provided under a contract with the National Healthcare Service of Ukraine (NHSU). Also, after January 2020, the rules of secondary healthcare financing will be changed too. Experts estimate this market at 8 billion dollars. How Slovenia Implemented EU Standards on Waste Management Katja Šumаh, Anastasiia Pоels, Žan Klоbasa We used to think that waste is something we need to get rid of; once we take it out of our house Ч we no longer care about it. And then we see enormous waste landfills occupying the space that otherwise could be used for recreation, infrastructure, etc. How much would we pay in order to eliminate those landfills, to have a clean lake in the neighbourhood? News Deals Sayenko Kharenko advised on largest corporate refinancing by Ukrainian firm Acquisition of 50% of Matlomenius Holdings by VR Capital Group Sarantis Group acquires Ergopack † Cases Fox News to pay USD 10 million against employees' claims Cambridge Analytica files for bankruptcy Ukrainian millionaire Mykola Lagun to go to court against Belarus Court upheld Odessa Oil Refinery PlantТs nationalization Moratorium on sale of land in Ukraine restricts proprietary rights † Draft Draft Law on formation of Anti-Corruption Court Verkhovna Rada adopted Law On Currency in the first reading Export duty on scrap metal increased † Law digest Procedure for procurement of energy services regulated for ProZorro Updated terms and conditions for issuing licenses tied to using foreign currency as payment † Biznews Space industry Antares rocket launched On-line services Google cooperates with Kiev City State Administration † Trade Policy China proposed set of measures to USA to cut trade deficit EuroChem leaves Ukraine Transportation Beskyd railway tunnel unveiled Oil & Gas Naftogaz hikes price of gas Banking & Finance What should the banks do to take the path of innovation? Chamber News Ukraine stands firmly on the Path of Privatization On May 16 the American Chamber of Commerce in Ukraine held the Round Table “Ukraine on the Path of Privatization” jointly with Chamber Member Company INTEGRITES . The event was moderated by Dr. Oleksiy Feliv , Managing Partner of INTEGRITES, Co-Chair of the Chamber Infrastructure Committee. Cover Story Changing Fortunes The public discussion around the critical need to invest in Ukraine’s infrastructure was especially vibrant last year. According to various estimates, its modernization requires the spending of at least USD 30 billion by 2030. Moreover, delivering these projects on time is critical if Ukraine wants to fulfill its logistics potential. The Government’s ambitious plans are justified as infrastructure investment causes a “multiplier effect” throughout the national economy. We asked Oleksandr Kurdydyk , partner, head of finance, projects and restructuring, and Kateryna Soroka , of counsel, DLA Piper Ukraine , how the sector attracts investors and what their requirements towards comfortable regulation are. Argument Cybersecurity: Legal Challenges for Businesses in Ukraine Olga Belyakova, Mykola Heletiy In recent years cybersecurity has become a hot topic in Ukraine, and for good reason. On 27 June 2017 a massive cyberattack known as Petya/NotPetya hit the Ukrainian Government, private and state banks and numerous companies in the space of hours, and then spread to computers worldwide. Eighteen months before this, nearly a quarter of a million people in Western Ukraine lost electricity after the Ukrainian power grid was hacked. Crux Legal Digest The last few months have seen new legislative changes and developments in various dimensions of business regulations. In this section the UJBL editorial team has enlisted the help of experts to comment on some of them. Our latest digest includes, to a greater extent, initiatives that touch upon requirements of the internal policies of banks for asset evaluation and calculation of credit risks; new rules for receiving loans from non-residents and procedure for granting permits for transferring funds to foreign bank accounts; procedure for issuing individual licenses for using foreign currency as a payment instrument; methodology for working out criteria for risk assessment of businesses; foreign exchange regulation and more. † 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. All this for just USD 9.99 a month. 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