On 5 December 2017, the Vertical Block Exemption Regulation (the “Regulation“) of the Antimonopoly Committee of Ukraine (the “AMC“) entered into force. The Regulation is adopted in accordance with Ukraine’s obligations under the Ukraine-European Union Association Agreement and is based on the Regulation of the European Commission No. 330/2010. The Regulation provides (i) a block exemption (a so-called “safe harbour”)…
Read MoreRedcliffe Partners advised Stahl Lux 2 S.A. on obtaining merger clearance from the Antimonopoly Committee of Ukraine for the acquisition of the leather chemicals business of BASF SE. As part of the transaction, BASF will receive a 16% minority stake in the Stahl Group, and Stahl will take over BASF’s global leather chemicals business – with approximately 210 employees globally…
Read MoreOn 3 March 2017, the new requirements were enacted in Ukraine related to the quality control of new construction, reconstruction and repair works of the motor roads of general use, approved by Resolution No.1065 of the Cabinet of Ministers of Ukraine on 28 December 2016 (the “Resolution“). The Resolution factors in a consulting engineer into the system of quality control and…
Read MoreOn 20 December 2016, the Ukrainian Parliament approved a new law providing that local budgets will receive a portion of revenues from subsoil use royalties. Currently, 100 percent of such revenues go directly to the state budget. However, under the new law, the state budget will receive only 95 percent of the revenues. The remaining 5 percent will be distributed…
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