On 24 December 2023, the Ukrainian Parliament adopted a Law of Ukraine No. 3494-IX (the ''Law''), which amends the procedure for granting vacations and their duration. The Law applies to the following:
Electricity Imports Could Help Companies Operate Smoothly During Power Outages
On 27 October 2023, the Cabinet of Ministers of Ukraine approved the regulation that allows non-household consumers to operate without interruption during power outages, with some exceptions. In other words, in the event of infrastructure damage this winter, imported electricity may be used to avoid supply restrictions.
The Updated Procedure for Opening and Formalizing Inheritance
On November 28, 2023, the President signed two laws that modify the procedure for opening and formalizing inheritance. These laws were developed to protect the rights of heirs in times of war or a state of emergency.
Amendments to the Civil Procedure Code on Mandatory Registration and Use of Electronic Offices in the UJITS
On 18 October 2023, the Law of Ukraine "On Amendments to Certain Legislative Acts of Ukraine on Mandatory Registration and Use of Electronic Offices in the Unified Judicial Information and Telecommunication System (UJITS) or its separate subsystem (module) that provides for the exchange of documents" No. 3200-IX dated 29 June 2023 (hereinafter - the Law) was enacted. The Law amends the provisions of the procedural codes, in particular the Civil Procedure Code of Ukraine (hereinafter - the CPC).
Reporting Requirements for Trustees and Trust Administrators in Ukraine
Earlier this year, the Ukrainian Tax Code underwent significant amendments with the adoption of Law N 2970-IX. This legislation integrates the Common Reporting Standard into Ukrainian domestic tax law. As part of these broader changes, the law establishes distinct provisions applicable to trustees and trust administrators.
Asters Advises Horizon Capital on Miratech Co-Investment with IFC
Asters has advised Horizon Capital on the co-investment with the IFC in Miratech.
Ukraine Recovery And Reconstruction Projects: Key Legal Tips for Foreign Construction Companies
Understanding procedures, stakeholders and milestones of Ukraine’s future recovery is essential for all parties planning to be involved in that process, including on the construction side. In this effort, the key messages currently available are as follows.
Ukraine Regulates the Registration of Foreign Branches and Representative Offices
On 11 August 2023, the government bill No.4482 adopted by the Ukrainian Parliament, which amends certain legislative acts of Ukraine regulating the activities of separate subdivisions of a legal entity established under the legislation of a foreign state, was sent for signing to the President of Ukraine ("Draft Law").
Ukraine Passes a Long-Awaited Merger Control Reform
On 9 August 2023, the Ukrainian Parliament passed an extensive set of amendments to the competition law. These currently await signature by the President and are expected to come into force on 1 January 2024, save for certain provisions that will become effective after martial law is lifted.
Changes in Labor Legislation Regarding Leaves and Public Holidays
In July 2023, the Ukrainian parliament adopted several laws on changes to the Labour Code of Ukraine, which relate to maternity leaves, as well as list and dates of public holidays.
Asters Advises Agrosem Group on EUR 9.6 Million EBRD Financing
Asters has advised the Agrosem Group on a EUR 9.6 million financing from the European Bank for Reconstruction and Development to develop a grain transshipment complex.
Markiyan Kliuchkovskyi Appointed Executive Director of International Register of Damage Caused by Aggression of Russian Federation Against Ukraine
On June 27, 2023, Asters Partner Markiyan Kliuchkovskyi was voted in as Executive Director of the International Register of Damage Caused by the Aggression of the Russian Federation against Ukraine. Following the appointment, Kliuchkovskyi resigned from his partnership at Asters on July 1, 2023.
Dentons Advises Farmak on Acquisitions in Czech Republic, Slovakia, and Ukraine
Dentons has advised Farmak on a series of acquisitions from a portfolio company of private equity house Novator.
Asters Successful for HBO in Chornobyl Series Dispute
Asters has successfully defended the interests of the Home Box Office company in a dispute before Ukrainian courts regarding the production and distribution of its Chornobyl limited series in the country.
Hard At Work: Ukraine’s Busy Legal Market
The Ukrainian legal services market has been buzzing with work in the first half of 2021. CEE Legal Matters hosted a round table conversation in which Partners at Asters, Avellum, Integrites, Kinstellar, and Sayenko Kharenko discussed the driving forces behind the workload and their outlook for the months to come.
A Market Coming Together: A Ukrainian Round Table
If one is an example, two is a coincidence, and three is a trend, the three major law firm mergers in Ukraine this past summer demand closer scrutiny.
On July 9, 2018, the CEE Legal Matters website reported the merger of the Avellum and A.G.A. Partners law firms in Ukraine. A month later, the website reported on a second merger, this time between Asters and EPAP, the Ukrainian office of Russia’s Egorov Puginsky Afanasiev & Partners. And in September the website reported on yet another merger, between Integrites and Pravochyn. To explore these significant changes in the market, on October 26, 2018, CEE Legal Matters sat down with a collection of prominent Ukrainian lawyers — including several from firms directly involved in the summer’s mergers — at the Kyiv office of DLA Piper.
Ukrainian Round Table: Judicial Reform in Ukraine
On August 17, a gathering of Dispute Resolution experts from many of the leading domestic and international law firms in Ukraine gathered in Baker McKenzie’s Kyiv offices for a Round Table conversation.
A Market Dependent on Reform: A Ukrainian Round Table
On July 26, 2016, a cross-section of eminent lawyers from leading law firms in Ukraine gathered at DLA Piper’s Kyiv office for a wide ranging Round Table conversation about the state of the Ukrainian economy and legal market and their expectations for both going forward.