Ukrainian agriculture is often referred to as a sector of unique competitive advantages globally. However, the performance of agribusiness is far from that declared potential.
In a strict sense, one may define land consolidation as a process of combining small land plots into bigger ones and/or of land plots with incorrect configuration with other land plots. The aim of such land consolidation is to remove parceling, curved boundaries and to form land plots with the correct configuration.
Today, the Ukrainian agrarian sector is an object of interest of foreign investors, as Ukraine is the biggest country in Europe with lots of very fertile land.
Investments coming into the agrarian sector have certain differences from other types of investments. Agriculture is dependent on many natural factors, is clearly cyclical and does not develop as quickly as the industry and service sectors.
Today, the phrase “Buy land, they’re not making it anymore” remains relevant. This quote from Mark Twain has been proving its relevance for Ukraine of the XXI century for a long time despite the fact that a moratorium on the sale of agricultural land has been in place in our country since 2001. This moratorium was introduced only as a temporary measure, but it has been repeatedly prolonged under the guise of protection of national interests.
The annual report of the Antimonopoly Committee of Ukraine (AMCU or Committee) noted that most concentrations for the last year were carried out in agricultural markets. 23.8% of the total number of permits to concentration were granted to transactions in agriculture1. These include the sale of Mriya Farming PLC, Kyiv Atlantic Ukraine, Trypillya Agrofirm, etc.
AVELLUM advised GROUPE ATLANTIC
Asters advised rail operator Ukrzaliznytsia on bond issue
AEQUO advised the European Fund for Southeast Europe
Baker McKenzie assisted Bayerische Landesbank
AEQUO advised Dragon Capital
CMS advised Acciona Energia
Sayenko Kharenko advised Bergner Group
AVELLUM — Ukrainian legal counsel to EBRD
Court of European Union adopted Resolution in Adidas case
Supreme Court refused to oblige PrivatBank to pay back NBU refinancing
Supreme Court permitted determining the salary of Ukrainians in foreign currency
Ukrtelecom lost case worth UAH 1.5 billion to Oschadbank
Court allowed Oschadbank to get indemnification for its assets in Crimea
Ministry of Economic Development and Trade proposes ten-fold increase in financial collateral of tour operators
Law On Waste Management registered in Parliament
Ministry of Finance published a new Draft Law On Cashback
Proposed Fiat and Renault merger derailed by French government’s standpoint
Facebook hit by EUR 1 million fine in Italy
Parliament ratified Free Trade Agreement between Ukraine and Israel
Ukraine was one of the largest trade partners of EU in 2018
Ukraine has used up quotas for duty-free export of nine agricultural products to EU
Lviv start-up received investment from American accelerator
Volvo recalls hundreds of thousands of vehicles due to flaw
USA imposed sanctions on five Chinese IT organizations
Cabinet of Ministers agreed on merger of Energoatom with state-owned uranium mining firm
Fees raised for intellectual property rights protection
Elimination of double certification and test procedures
NBU redefined features of systemically important banks
National Bank canceled certain currency restrictions
Mandatory sale of currency earnings canceled
National Bank canceled limit on repatriation of dividends
Insolvency regulation is customarily considered a sensitive area with many pitfalls, and this causes fear in investors. Consequently, it is critically important to set favorable rules at all stages of doing business – establishment, operational activity and exits. Olena Volianska, partner at LCF Law Group, who supported a series of landmark bankruptcy proceedings across the most strategic economic sectors, has seen the situation from the inside out. She’s drawn our attention to those changes that should bring certainty and credibility in Ukrainian law, and explained the developments in the profession of bankruptcy trustees.
Eugene Blinov, Valeriia Shuliak
This article reviews several key recent cases heard by English courts on issues of shipping and maritime law, which raise matters of key importance for commodities traders, shipowners, charterers and other parties involved in the supply chain. Disputes that take place between commodities traders frequently involve issues of proper mitigation of damages, limitation of liability in case of default of contractual obligations, measure of damages and sometimes even correct interpretation of the terms under the International Convention for the Unification of Certain Rules of Law relating to Bills of Lading (the “Hague Rules”) for the purposes of limitation of liability in case of carriage of goods by sea.
Sometimes we need general rules to understand corporate legal procedures and processes. However, a detailed individual case gives us the possibility to study a question deeper and concentrate on specific legal collision and issues.
This article is devoted to corporate legal issues for public companies incorporated in Luxembourg.
The UJBL editorial team spent the last month monitoring recently adopted legislation and new legislative initiatives. This month we asked for comments on the Orders: No.78, according to which the mandatory sale of foreign exchange earnings was cancelled, No.91 that cancelled the limitation on repatriation of dividends,Draft Law On Cashback. Other notable events included ratification of the Agreement on Free Trade between the Cabinet of Ministers of Ukraine and the Government of Israel and the launch of the new electricity market.
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