The ambitious program of legal reforms straightens across judicial, competition, corporate and, finally, employment law. Last is certainly not least. The country’s labor and employment legislation required substantial changes as the market economy is constantly evolving. Moreover, harmonization with EU laws is certainly an anchor for introducing changes and work as gentle nudges.
Inesa Letych
As a general tendency, the public perception of trade unions in Ukraine is rather ambiguous. On the one hand, there is common understanding of the primary role of trade unions as public institutions for protecting the rights and interests of employees.
Lidiia Sanzharovska
Reasons for firing senior managers For a legal entity to function properly it is very important that its top managers meet the highest standards of corporate responsibility, act in compliance with regulations themselves and actively introduce a culture of compliance in all spheres of a legal entity’s activities, and that they also perform their duties in good faith and in full.
Zoryana Sozanska-Matviychuk, Olga Kozachenko
A cross-border M&A transaction, just like any other complex project, multi-stakeholder project, requires careful planning to be properly implemented. Aspects of labor legislation will often be present, and clients should be well advised to think about those early in the process, and plan accordingly.
DLA Piper advised Aristocrat Leisure
AVELLUM advised Coast2Coast
DLA Piper advised McDonald’s
Asters advised BSTDB
PrivatBank lost lawsuit to 1+1 TV affiliate
Ukraine loses energy case in London
Parallel-M lost lawsuit for 1.5 million
Hackers stole USD 1 million from Credit Dnipro Bank
Law On Privatization of State Property approved in first reading
Draft of Election Code adopted at first reading stage
Procedure changed for enforced collection and maximum amount of fines
New measures for protecting business
Law On Utilities adopted in second reading
Tax on dividends, interest and royalties in UK to be raised
Ministry of Justice introduced mechanism excluding double land lease agreements
Law passed on preventing merger of entities, in which stakes are owned by sanctioned persons
Ukrainian President signed amendments to procedural codes
Rules for entering Schengen Area may change
Japan simplifies visa requirements for Ukrainians
Algorithm foreseeing potential judicial decisions
First electronic signing of legal instrument on legal obligations
Google at centre of antitrust probe in Missouri, USA
New EU anti-dumping rules
Lithuania’s Seimas adopted “Magnitsky Law”
CMS European M&A Outlook
AMCU authorized acquisition of 7 enterprises by Cypriot company
²²² Competition Forum: Penalty. Restructuring. Bankruptcy, organized by the Ukrainian Bar Association, took place in Kiev on 17 November.
On 18 November The American Chamber of Commerce in Ukraine presented the 2017 Thanksgiving Choice of the Business Community Award to the Acting Minister of Health of Ukraine Ulana Suprun. The award was for the development of the healthcare system in Ukraine.
The new Labor Code of Ukraine is on the agenda of legislators at the second reading stage. It is a widely recognized necessity to change employment legislation from the outdated Soviet one to the current needs of the market economy. Certainly, the document really does provide for big changes that will touch everybody in this country. We met Tetyana Ivanovych, counsel of Spenser & Kauffmann, to find our way around the numerous novelties, rights and duties of employers and employees.
Vasyl Cherednichenko, Tetiana Yashchenko
Globalization is a powerful trend that has taken in almost all countries around the world. Ukraine amends its legislation and implements new instruments, procedures for evolving its legislation and harmonizing it with modern requirements for the economic development process so the country can enjoy as many more benefits of this globalized world as possible.
Australia is often called the remote continent even though its market is mature and highly integrated with the Asia-Pacific region. Inbound investment is leading to the arrival of global players, and technological developments within the country also boost its highly competitive environment. Right after the IBA Annual conference in Sydney, we visited the office of Australian law firm Henry Davis York and asked its managing partner, Michael Greene, to tell us about the current state of play in this market. The conversation is very timely and relevant as the firm recently merged with Norton Rose Fulbright.
To mark the occasion of its 25th anniversary in Ukraine, global law firm Dentons held a gala charity event at the Art Ukraine Gallery in Kiev. As part of the event, Dentons held a silent auction to benefit Tabletochki, an international charity that protects the interests of children with cancer in Ukraine.
Last month was notable for a number of legislative initiatives, like the signing of the Protocol amending the DTT between Ukraine and the UK; new anti-dumping rules adopted by the EU Parliament; the Law On Audit of Financial Statements and Auditing Activity. We also ask for hands on comments on the new Draft On Privatization of State Property; mechanism for automatic data exchange between the Register of Property Rights and the State Land Cadastre; creation of the National Bank of Ukraine’s Credit Registry.
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