Ario Dehghani becomes Co-Head of the ACC Compliance Club
06 March 2018

Redcliffe Partners is pleased to announce that Ario Dehghani, counsel and head of the Compliance practice, has been elected as Co-Head of the Compliance Club of the American Chamber of Commerce in Ukraine.

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Oil & gas exploration and production in Ukraine will be simplified and enhanced
02 March 2018

On 1 March 2018, the Ukrainian parliament adopted Law of Ukraine No. 3096-d "On Amending Certain Legislative Acts of Ukraine Concerning Simplification of Certain Aspects in the Oil and Gas Industry". The Law will become effective on the day following its official publication. The Law considerably reduces the number of permits and approvals, and simplifies regulatory procedures relating to oil & gas exploration and production activities in Ukraine with a view to enhancing the local production of oil & gas and spurring investment in the industry.

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Ukrainian Government adopts a procedure for paying import VAT in instalments on certain machinery and equipment
28 February 2018

Following the amendments to the Tax Code of Ukraine regarding the possibility to pay import VAT in instalments, we would inform you that the Ukrainian Government – by its Order No 85 dated 7 February 2018 (effective from 21 February 2018) – adopted a Procedure for implementing an instalment plan for import VAT payments, as well as for providing the necessary guarantee.

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2017 year in review: digest of market legal insights for Oil & Gas, Renewable Energy, Сonstruction, Infrastucture & Real Estate
26 February 2018

Redcliffe Partners is pleased to share with you a selection of our legal alerts covering certain major legislative developments over the previous year, as well as our publications featured in world-leading journals covering the energy and construction industries. 

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The Ukrainian Securities Commission simplifies the consent requirements for circulation of foreign issuers' eligible securities
20 February 2018

The National Commission for Regulation of Securities and Exchange Market of Ukraine has recently made another step to improve access for Ukrainian investors to international capital markets. By its decision No. 871 dated 7 December 2017, the Commission adopted a new procedure for the issue of consent for admission of securities of foreign issuers, listed on major stock exchanges, to circulation in the territory of Ukraine.

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The largest fines imposed by the Antimonopoly Committee of Ukraine and its enforcement priorities in 2017
16 February 2018

This is an overview prepared by Redcliffe Partners based on the decisions issued by the Antimonopoly Committee of Ukraine (the "AMC") during the period from January to December 2017.

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Svitlana Teush and Oleksandr Markov became members of ICC commissions in Ukraine
25 January 2018

Svitlana Teush, counsel on Energy and Infrastructure and head of the Construction and Real Estate practices, became a member of the national ICC Commission on Environment and Energy in Ukraine. Oleksandr Markov, counsel and head of the Tax and Tax Litigation practice, has been appointed as a member of two commissions of the International Chamber of Commerce in Ukraine: the Commission on Taxation, and the Commission on Customs and Trade Facilitation.

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Paying import VAT in instalments for certain machinery and equipment
12 January 2018

On 1 January 2018, Law No 2245-VIII "On amendments to the Tax Code of Ukraine and certain legislative acts of Ukraine to provide for the balance of Budget revenues for 2018" (the "Law") came into force.

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Monetary escrow accounts become fully operational in Ukraine
11 January 2018

With effect from 21 December 2017, the National Bank of Ukraine (the “NBU”) made monetary escrow accounts fully operational in Ukraine by recognising them as a separate type of bank account and establishing the rules for wire transfers in escrow transactions. The relevant rules are set out in NBU Regulations No. 133 “On Amendments to Certain Legislative Acts of the National Bank of Ukraine” dated 18 December 2017, and No. 147 “On Amendments to Certain Legislative Acts of the National Bank of Ukraine” dated 28 December 2017 (the “Escrow Regulations”).

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Further amendments to the template power purchase agreement to enhance its bankability
09 January 2018

On 9 January 2018, the National Energy and Utilities Regulatory Commission (the "Regulator") adopted Resolution No.1, further amending the template form of the power purchase agreement (the "PPA") between the State Enterprise “Energorynok” and producers of electricity from alternative energy sources ("AES"). The Resolution will become effective on the day following its official publication.

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