On February 3, 2017, Resolution of the Cabinet of the Ministers of Ukraine No. 28 “On Amendments to Order on Issuance, Prolongation and Cancellation of Work Permits for Foreign Nationals and Stateless Persons”, dated January 18, 2017 (the "Resolution"), became effective.
Eterna Law, working in cooperation with Maples and Calder in the British Virgin Islands and Matthew Hardwick QC (instructed by Maples and Calder Partner Arabella di Iorio), successfully appealed a lower court's ruling involving the discharge of a worldwide freezing injunction on behalf of clients Rustam Yusufovich Gilfanov and Sergey Aleksandrovich Tokarev in the Eastern Caribbean Court of Appeal (BVI Court of Appeal).
Sayenko Kharenko Counsel Oleksandr Nagorny has been appointed Deputy Chairman of the Antimonopoly Committee of Ukrainе and Avellum Managing Partner Mykola Stetsenko and Sayenko Kharenko Partner Vladimir Sayenko have been elected to its Public Council at the Committee's constituent assembly on February 24, 2017.
CEE Legal Matters is a media partner of the “International Arbitration: Emerging Changes” conference to be held on March 17 in Kyiv. With a look ahead to the event, we have asked Oleg Alyoshin, Partner and Head of International Arbitration at Vasil Kisil & Partners, about recent trends and the future of international arbitration in Ukraine, as well as about bringing world-known international arbitration practitioners to Kyiv for a conference.
Aequo’s Tax Disputes team has successfully defended the interests of Zara in a tax dispute before the Kyiv Administrative Court of Appeal. The case concerned the refusal by the Ukrainian tax authority to credit the amounts of advance corporate profit tax paid by the company upon the distribution of dividends towards its current corporate profit tax liabilities.
Baker McKenzie’s Kyiv office has been selected as a legal partner of the Health Care Committee of the European Business Association for 2017 after elections held by the Committee Board after a competitive tender process.
Sayenko Kharenko has acted as Ukrainian legal counsel to Citibank, N.A., London Branch and Deutsche Bank AG, London Branch as mandated lead arrangers and original lenders on a EUR 478,285,000 facility to PJSC “National Joint-Stock Company Naftogaz of Ukraine” (Naftogaz). The financing is guaranteed by the International Bank for Reconstruction and Development (IBRD) and has the benefit of a sovereign guarantee in the form of indemnity provided by Ukraine to the IBRD.
The Ukrainian court system saw significant changes in 2016. The first, and probably the most important, was the initiation of judicial reform, which included changes to the Constitution of Ukraine and a truly significant amount of new laws (some of which have already passed through the Parliament, with others still under development). In addition, in 2016, Ukrainian legal community witnessed some unexpected decisions of the Supreme Court of Ukraine affecting the jurisdiction of Ukrainian courts, which contributed to uncertainty in the Ukrainian judiciary.