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Arzinger Law Office | Ukraine |

Timur Bondaryev

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Arzinger Law Office | Ukraine | 15 Feb 2012

Changes to approvals process for M&A deals

A new law provides that a legal entity or individual must obtain written consent from the National Securities and Stock Market Commission for plans to acquire a significant share of the equity in a financial institution or to increase such a share, directly or indirectly, so as to hold or control 10%, 25%, 50% or 75% of the authorised charter capital of the institution.
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Arzinger Law Office | Ukraine | 6 Jan 2012

Changes to alienation of state and public real estate

A new law gives the State Property Fund responsibility for organising the sale of real estate belonging to state commercial enterprises. Funds received from such sales, minus the property's depreciated book value, must be transferred to the general funds of the state budget. In addition, a new draft law has been presented to Parliament on the compulsory alienation of land plots and other......
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Arzinger Law Office | Ukraine | 16 Sep 2011

New law fails to block foreign acquisition of agricultural land

Initiatives are continuing to lift Ukraine's moratorium on the sale of agricultural land. A draft law provides that only Ukrainian citizens, farms and state and local government bodies may acquire ownership of agricultural land under civil law contracts. However, the regime appears to allow a work-around for foreign individuals or entities for the acquisition of agricultural land.
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Arzinger Law Office | Ukraine | 13 Sep 2011

U-turn on 50% state participation rule

Ukraine is preparing to abolish a controversial rule whereby the state's share in joint activities must exceed 50% of the participants' joint property. Although intended to protect public property and ensure maximum benefit to the state, the rule overlooks the fact that many private companies are more likely to abandon the idea of a joint project than agree to terms which guarantee that the......
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Arzinger Law Office | Ukraine | 9 Aug 2011

Protecting state property in joint activities - but missing the bigger picture?

A new law on public-private joint activities seeks to ensure maximum benefit for the state. However, in stating that the public share in a joint activity must exceed 50% of the participants' joint property, it overlooks the fact that many private companies are more likely to abandon the idea of a joint project than agree to work with the government on terms which guarantee that the state owns......
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Arzinger Law Office | Ukraine | 8 Aug 2011

Ministry's requirements for entities examining construction projects

The Ministry of Regional Development, Construction and Housing and Communal Services has issued an order entitled "Requirements for Expert Organisations Engaged in the Examination of Construction Projects". Among other things, the document details the sectors in which organisations must maintain expertise within their staff.
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Arzinger Law Office | 1 Jun 2011

Safety patrols to combat rise in occupational injuries

Due to the rising number of occupational injuries in the construction industry, the State Service of Mining Supervision and Industrial Safety has introduced raids on construction sites. The forthcoming Euro 2012 football championships are a particular priority, with monitors from the state supervision organisation being appointed for each site or group of sites.
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Arzinger Law Office | Ukraine | 31 May 2011

Safety patrols to combat rise in occupational injuries

Due to the rising number of occupational injuries in the construction industry, the State Service of Mining Supervision and Industrial Safety has introduced raids on construction sites. The forthcoming Euro 2012 football championships are a particular priority, with monitors from the state supervision organisation being appointed for each site or group of sites.
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Arzinger Law Office | 22 Feb 2011

Change in procurement appeals raises suspicions of political control

Parliament has accepted a draft law that seeks to stipulate territorial jurisdiction over appeals against decisions by the Antitrust Committee on violations of state procurement legislation. This apparent attempt to gain political control over appeals against the results of state procurement procedures is likely to affect all procurement participants, including administrators of state funds.
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Arzinger Law Office | 4 Feb 2011

New zoning system promises boost for real estate investment

A draft law on urban planning has received its first reading in Parliament. Its proposed introduction of a zoning model represents a radical change and is expected to increase international interest in Ukraine's investment opportunities. However, it will also have some unpopular effects, particularly the imposition of a moratorium on investment activity until the necessary documentation and......
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