A new draft personal data protection law, draft Law of Ukraine No. 5628 (“Draft 5628”), was introduced to the Ukrainian parliament on 7 June 2021. Draft 5628 replaces certain earlier draft laws on this subject and is currently the only draft legislation in the area of personal data protection. The main purpose of Draft 5628 is to align the existing…
Read MoreLast week the finalized version of the Ukrainian ISDA Master Agreement (“Ukrainian ISDA“) was officially published by the Independent Association of the Banks of Ukraine (available at the link). The Ukrainian ISDA is the Ukrainian law-governed template agreement for transactions with over-the-counter derivatives (i.e. derivatives which are not exchange-traded). It has been developed by Ukrainian market participants, professional associations and…
Read MoreAs Redcliffe Partners previously informed here, Ukrainian companies had to disclose their ultimate beneficial owners and ownership structure in the Ukrainian companies register until 10 October 2021. On 8 October 2021, the parliament of Ukraine adopted amendments to the Law of Ukraine “On the Prevention and Counteraction of Legalisation (Money Laundering) of Illegally Obtained Proceeds, Financing of Terrorism and Financing…
Read MoreIn a recent publication in CEE Legal Matters, Andriy Nikiforov, a Partner with Redcliffe Partners, shares his thoughts on concession and PFI projects that Ukraine’s government is expected to award in 2022 and the public support these projects may benefit from under the existing framework, making them more exciting for potential investors. To read the article, please follow the link:…
Read MoreThe Antimonopoly Committee of Ukraine (the AMCU), by its decision of 16 September 2021, imposed a fine of almost UAH 14 million (approx. EUR 0.5 million) on the State Savings Bank of Ukraine (the Oschadbank) for concentration without the clearance of the AMCU. According to the official report of the AMCU, the violation committed by the Oschadbank lies in acquiring…
Read MoreOn 15 June 2021, the Parliament of Ukraine ratified the Protocol on Amendments to the Agreement on the Avoidance of Double Taxation between Ukraine and the Netherlands (the “Protocol”). The Ministry of Foreign Affairs of Ukraine has recently announced that the relevant procedures for bringing the Protocol into force have been completed (Letter of Ministry of Foreign Affairs No 72/11-612/1-58906…
Read MoreRedcliffe Partners has got Tier 1 for Banking and Finance by IFLR 1000, 31ST edition (2021-2022 guide). Redcliffe Partners work closely with premier global law firms in London, New York, the European Union, and the CIS region. IFLR 1000 has also highly recognised Redcliffe Partners team: Oleksiy Soshenko is Highly regarded in Banking, Capital Markets: Debt, Project finance. Restructuring and…
Read MoreOn 21 July 2021, the Law of Ukraine on Amendments to the Tax Code of Ukraine and Other Laws of Ukraine on Encouraging the De-shadowing of Income and Improving Tax Culture of Citizens by Introducing a One-time (Special) Voluntary Declaration of Assets Belonging to Individuals and Payment of One-time Duty dated 15 June 2021 № 1539-IX (the Law) entered into force. An amnesty for competition…
Read MoreLeading Ukrainian law firm Redcliffe Partners is expanding its Banking & Finance practice with the hiring of a new partner, Andriy Nikiforov. Andriy is joining from Kinstellar, a major regional law firm, where he built the Ukrainian office’s banking & finance practice from scratch to reach Tier 2 according to Legal 500 and Tier 3 according to IFLR1000. Andriy has…
Read MoreOn 15 July 2021, the Ukrainian Parliament adopted at its first reading the draft law introducing the new tax framework for the gaming industry (No. 2713-д). This is one of the key steps towards the full-fledged relaunch of Ukraine’s gaming market following its ban in 2009. In order for the draft law to enter into force, it should be adopted…
Read More