The Ukrainian Journal of Business Law

[https://lhs.net.ua/en/] Counse link ABSOLUTE LAW AGENCY 2 Katerinoslavskiy Boulevard, TBC BOSFOR, Office 610,, Dnepr , 49044 , Ukraine 32/2, Moskovskaya Street, BC ЂSENATORї, 4th floor Kiev, 01010, Ukraine Phone: +380 44 569 1211 Fax: +380 56 732 3863 absolute@absolute.com.ua www.absolute.com.ua 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 ( July-August 2018 ) In focus – Anti-Corruption The high level of perceived corruption damages not only the image of our country, but limits the efforts of Ukrainian business to attract investment from abroad. The success stories in resisting corruption were widespread right after the Revolution of Dignity in 2014. Since that time sensational corruption cases have appeared from time to time in public and then quickly fizzled out. However, the international community and outside donors continue to ask the Government to carry out real actions towards fighting corruption and setting a workable anti-corruption policy. So what has been achieved to date? Expert Opinion Anti-Corruption Internal Investigations as an Effective Compliance Tool Ario Dehghani, Viktoria Shevchuk An internal investigation is an important compliance instrument for many companies residing in the U.S. and Europe. The main goals of such investigations are to assess any possible compliance violations, potential liability risks and to strengthen the compliance system already in place. With the help of this tool a company may also collect documents and evidence before an investigation is started by an authority. In Re Economic and Political Corruptions in Engineering of Management Systems of Developed States Sam Noshadha, Victor Litvinenko Today, corruption and the fight against corruption is one of the most important fundamental points in states around the world. International organizations have called financial and political corruption in state management one of the most important reasons for the lack of development in a country. To the extent that political and economic corruption rises, so the level of a stateТs national security diminishes. Anti-Corruption Measures in the Activities of the AttorneyТs Office Sergey Smirnov In Ukraine, combating corruption is one of the declared priorities for the country's development. However, according to the 2017 Transparency International Corruption Perceptions Index (CPI) survey, Ukraine Ч which scored 30 on a cale from 100 (non-corrupt) to 0 (highly corrupt) Ч ranked 130th among 180 countries. In other words, it scored only one point more and ranks only one position higher than in 2016. In its resolutions, the Parliamentary Assembly of the Council of Europe has repeatedly noted that suppressing corruption in the judicial system is a top priority as corruption is a threat to the rule of law. News Deals Asters Ч Ukrainian law counsel to IFC AEQUO acted as a counsel to EBRD DLA Piper advised Haas Group AEQUO advised KfW DLA Piper represented aircraft lessor Pegasus Aviation VI Vasil Kisil & Partners advised Mondelez International Asters advised IPnet AVELLUM advised EBRD on senior secured loan to Kyiv Cardboard and Paper Mill EY Ukraine assisted Atlantic Agro Holding CMS advised EBRD † Cases Facebook account can be inherited in Germany Court confirmed DarnitsaТs right to produce Corvalol-Darnitsa drug USD 4 billion seized from Johnson&Johnson through court action European Court of Human Rights published ruling on Kryvorizhstal re-privatization Court dismissed Kyivstar appeal on fine for violating billing increment principles † Law digest Ministry extends list of cases when fee for excess aircraft parking not paid Control over international carriers Law on Currency adopted Procedure for establishing joint-stock companies during privatization of state enterprises Ukraine signed MLI Convention Law on Assistance in Attracting Foreign Investments signed † Biznews Banking & Finance Mastercard to conduct cryptocurrency payments Sanctions Draft on sanctions against Nord Stream 2 introduced to US Congress Transportation Antonov to be engaged in unmanned air taxi production Electric cars Electric vehicles market resumed growth in Ukraine Competition EUR 4.3 billion fine imposed on Google Tax Central Bank of Cyprus announced strict requirements for business relations with foreign companies E-Commerce Walmart and Microsoft team up against Amazon Trade Policy WTO partially satisfied Russia's claims in ammonium nitrate import case to Ukraine Chamber News Annual American Independence Day Picnic held in Kyiv The American Chamber of Commerce in Ukraine celebrated America’s birthday by hosting its 26th annual American Independence Day Picnic on 7 July at the Kyiv International School. More than 3000 guests were treated to traditional American apple and cherry pies, and had the opportunity to take pictures with a giant American birthday cake! Just like the cake or pie, the picnic was enjoyed by guests of all ages. There was catchy music, contests, a big entertainment zone for kids, interactive photo zones, and activities. Guests also got to enjoy a lot of tasty American food, refreshing drinks, and a variety of treats. The icing on the cake was an exciting gifts drawing and great performance by headliner Antytila. Cover Story Market Standard Operating in the global marketplace, investors regularly face bribery and corruption risks that have to be addressed in their strategic decisions. Emerging markets with attractive raw industries present significant challenges, imposing an anti-corruption clean-up agenda during an M&A process. We asked Iryna Nikolayevska , counsel in the Kyiv office of Kinstellar , how this works internationally and when will it become a market standard in Ukraine. † Argument The УCrown JewelФ of the WTO: Developments of the WTO Dispute Settlement System in 2017 Anzhela Makhinova, Victoria Mykuliak On 22 June 2018, the WTO Appellate BodyТs latest Annual Report (Report) was presented 1 summarizing the key trends of the WTO dispute settlement system of 2017. It is worth emphasizing that the WTO dispute settlement system is recognized as the Уcrown jewelФ of the WTO because of its efficiency, predictability and expeditious resolution of disputes. The above features are achieved by the following two issues: the whole procedure is set out in details (stage-by-stage) with all relevant deadlines as well as prompt compliance with the recommendations or rulings of the WTO Dispute Settlement Body are highly effective. It goes without saying that these features are especially crucial today in the course of the mounting Уtrade warФ between key WTO Members (USA, EU, China, Japan, Canada, etc.) that has already resulted in an increase of different protectionist measures around the world of questionable legality under WTO rules. Crux Legal Digest The UJBL editorial team has monitored recent legislative initiatives and changes that may be of particular interest. This month we asked our experts for comment on the†long expected Law On Currency and Currency Transactions; draft law No.†8331-d introducing financial sector improvement amendments to certain Ukrainian laws; Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting. Our team also inquired about the electronic auction system for the sale of land lease rights using the ProZorro.Sales system; draft law On Amendments to the Tax Code of Ukraine and Certain Legislative Acts Regarding the Criteria for Determining Individuals with High Income. † 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. Sign In E-mail Password Remember Me Reset password Subscribe/Register HOME CURRENT ISSUE SUBSCRIBE & ORDER NEWS ANALYTICS SPONSORSHIP & ADVERTISING GET PUBLISHED EDITORIAL CALENDAR ARCHIVE CONTACT HOME CURRENT ISSUE SUBSCRIBE & ORDER NEWS ADVERTISE GET PUBLISHED EDITORIAL CALENDAR ARCHIVE CONTACT BANNER EXCHANGE Copyright © 2003-2017 by Yuridicheskaya Practika Publishing. All rights reserved.