On 31 March 2020, the Ukrainian Supreme Court upheld the first decision of the Antimonopoly Committee of Ukraine (the “AMC”) on the unlawfulness of state aid and concluded that the AMC is not required to analyse the effect of aid on trade between Ukraine and the EU in state aid cases. The state aid regime was introduced in Ukraine based…
Read MoreThe Law was signed by the President on 1 April and will become effective after it is published (which is expected to happen imminently). The most notable changes for business are: Extension, for the whole period of quarantine, of: most types of statutes of limitations; most procedural terms (e.g. terms for the review of the case by the court, terms…
Read MoreThe Ukrainian Parliament has passed the Law No. 2178-10 (becoming effective from 1 July 2021) introducing certain changes into the Land Code of Ukraine, aiming to lift the existing moratorium in relation to transactions involving agricultural land plots in Ukraine. By way of background, the existing moratorium prohibits: sale and purchase of state-owned and municipally owned agricultural land plots; sale and purchase or other…
Read MoreAnastasia Usova, Partner at Redcliffe Partners, contributed to the e-Competitions Special Issue “Competition policy & COVID-19: An overview of antitrust agencies’ responses”. This Special Issue contains articles and press releases from private practitioners and agencies in more than 20 countries, covering a broad range of reactions and perspectives from around the world. The Special Issue can be accessed by this link….
Read MoreOn 13 March 2020, the Antimonopoly Committee of Ukraine (the “AMC”) announced that it would investigate any unjustified price hikes for medicines, face masks and other personal health protection items, the creation of artificial product shortages, and other abuses generating profits from coronavirus fears. On 15 March 2020, Olexiy Khmelnytsky, Head of the Kyiv Regional Office of the AMC, announced…
Read MoreDue to the outbreak of COVID-19, the Ukrainian Parliament adopted Law No 3220 dated 16 March 2020 “On amendments to the Tax Code and other legislation to support taxpayers during the measures preventing spread of COVID-19” (“the Law”). The Law has yet to be signed by the President and will become effective from the day following its official publication. Some of the supportive measures…
Read MoreOn 26 February 2020, the Government of Ukraine approved procedures to allow private companies to operate in the Ukrainian space technology market. Specifically, Ukraine not only allowed private companies to carry out such activities, but also significantly simplified permitting procedures. Any company that wishes to conduct any space technology activities in Ukraine must submit a declaration (the “Declaration”) to the…
Read MoreDid you know that 19% (37 of 193) of the Member States of the United Nations still do not recognise in law the fundamental human right to a healthy environment. On 2 March 2020, Dr David Boyd, the UN Special Rapporteur for Human Rights and the Environment presented the report “Good practices of States at the national and regional levels…
Read MoreRedcliffe Partners acted as legal counsel to the EBRD in relation to a risk participation agreement with Piraeus Bank Ukraine with a total value of EUR10 million. The EBRD will share the credit risk in eligible individual loans made by Piraeus Bank to domestic businesses. In order to become eligible, borrowers will need to comply with the highest business standards…
Read MoreRedcliffe Partners has advised GE Capital, the financial services division of General Electric Company (GE), on obtaining merger clearance from the Ukrainian competition authority in connection with the sale of the PK AirFinance aviation lending business to Apollo Global Management (Apollo) and Athene Holding Ltd. (Athene). As part of this transaction, Apollo has acquired the PK AirFinance aircraft lending platform and…
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