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Kyiv | Ukraine

Major procedural safeguards introduced for competition law enforcement in Ukraine

February 2019 – On 6 February 2018, the Ukrainian parliament adopted a law (the "Law") introducing and enhancing a number of instruments to make companies less susceptible to investigations by the Antimonopoly Committee of Ukraine (the "AMC"). The most...

New FX legislation in Ukraine gives more flexibility to international lenders and local borrowers

February 2019 – From 7 February 2019, the Law of Ukraine on Foreign Exchange and Exchange Transactions (the “FX Law”) is in effect. Adopted by the Ukrainian parliament on 21 June 2018, the FX Law overhauls the existing exchange control regime, introduces...

Kinstellar Energy Digest Ukraine, January 2019 in Review

February 2019 – Kinstellar Energy Digest Ukraine, January 2019 in Review
OIL & GAS: Second International Licencing Round to take place in May 2019
On 29 January 2019, Ukraine’s State Geology and Subsoil Service (the “Derzhgeonadra”)...

Ukraine introduces new taxation rules for aviation fuel to prevent tax avoidance

January 2019 – Excise duty in Ukraine on aviation fuel has increased by ten times as of 1 January 2019, in accordance with the Law of Ukraine № 2628-VIII “On Amendments to the Tax Code of Ukraine and Certain Other Legislative Acts in Relation to...

Kinstellar Energy Digest Ukraine, December 2018 in Review

January 2019 – Kinstellar Energy Digest Ukraine, December 2018 in Review
RENEWABLES: New rules may promote more environment-friendly solutions
In December 2018, the President of Ukraine signed the Law of Ukraine “On Amending the Tax...

Kinstellar Counsel Andriy Nikiforov moderated a roundtable on trends in the payment services market in Ukraine organised by the Ukrainian Bar Association

December 2018 – On 11 December 2018, Andriy Nikiforov, Counsel at Kinstellar in Kyiv and Chair of the Banking, Finance and Insurance Committee of the Ukrainian Bar Association (UBA), moderated a roundtable on changes in the payment services landscape...

Kinstellar Energy Digest Ukraine, November 2018 in Review

December 2018 – Kinstellar Energy Digest Ukraine, November 2018 in Review
OIL & GAS: Liberalisation of geological data gets closer
On 7 November 2018, the Ukrainian government adopted Resolution No. 939 – “Questions on the Transfer...

Martial law introduced in several regions of Ukraine may affect business operations

November 2018 – On 26 November 2018, the Ukrainian parliament adopted the Law that approves the Decree of the President of Ukraine on the imposition of martial law (not to be confused with a ‘state of war’) in Ukraine. The new Law, effective 28...

Kinstellar Energy Digest: Ukraine October 2018 in Review

November 2018 – Kinstellar Energy Digest: Ukraine, October 2018 in Review
PRIVATISATION: Sale of Centrenergo is scheduled by the end of 2018
The auction for the sale of 78.289% of the state-held shares of Public Joint-Stock Company “Centrenergo”...

Kinstellar Energy Digest: Ukraine September 2018 in Review

October 2018 − Kinstellar Energy Digest: Ukraine
RENEWABLE ENERGY: Ukraine promotes the construction of renewable energy facilities
On 4 September 2018, the Ukrainian parliament passed law No. 2517-VIII On Amendments to Certain Legislative...