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Ukraine Roundup
The new Ukrainian government controlled by President Volodymyr Zelenskyy's Servant of the People party settled into office early September and laid out
24 Sep 2019
Ukraine Intends To Implement The Auction Scheme For Renewable Energy Projects
On 4 December 2018, the Committee on Fuel and Energy Complex, Nuclear Policy and Nuclear Safety approved the updated version of the main conditions for the Draft Law on Amendments to Some Laws of Ukraine ...
28 Feb 2019
Ukraine Allows Repatriation Of Dividends For 2017 And Simplifies Cross-Border Lending Regulations
In February-March 2018 the National Bank of Ukraine (NBU) made a number of further steps towards the relaxation of existing currency control restrictions.
7 Mar 2018
National Bank Of Ukraine Launches Escrow Accounts
Effective from 21 December 2017, the National Bank of Ukraine (the "NBU") has updated its regulations to allow the actual use of escrow accounts in Ukraine.
5 Jan 2018
The National Bank Of Ukraine Cancels Its Specific Requirements And Limitations On Foreign Economic Agreements Providing For Importing Goods Into Ukraine
As of 23 November 2017, the National Bank of Ukraine (the "NBU") cancels its specific requirements and limitations imposed by the Regulation No. 124 dated 23 November 2015 ...
23 Nov 2017
Ukraine Simplifies Attracting Loans From International Finance Institutions
Effective from today, 13 September 2017, the National Bank of Ukraine (the "NBU") has introduced the following changes relaxing certain currency control restrictions and simplifying procedures....
20 Sep 2017
Ukraine Allows Early Repayment For Cross-Border Loans
As a part of the ongoing liberalisation of the currency control, the National Bank of Ukraine (the "NBU") adopted Resolution No. 61 dated 10 July 2017 (effective from 11 July 2017) which lifted...
27 Jul 2017
Banking & Finance Regulatory Update. March – April 2017
Further to unblocking repatriation of dividends for 2014 and 2015 last year, on 13 April 2017 the National Bank of Ukraine (the "NBU") allowed foreign investors to repatriate dividends accrued in 2016.
27 Apr 2017
World Bank's Report. Enabling The Business Of Agriculture 2017
Sustainable agricultural development is one of the most powerful tools to end extreme poverty and boost shared prosperity.
16 Mar 2017
Ukraine Loosened Further FX Controls And Created New Investment Opportunities
Starting from 25 February 2017, the National Bank of Ukraine (the "NBU") allows Ukrainian individuals (except for those registered as self-employed persons)...
8 Mar 2017
The National Bank Of Ukraine Allows Ukrainian Banks To Invest In Gilt-Edged Securities And Revamps The Rules For ECA-Covered Borrowings
The National Bank of Ukraine (the "NBU") will no longer require that Ukrainian banks obtain individual licences to invest abroad in securities issued by certain foreign states and IFIs.
5 Dec 2016
Publication "CEE Legal Matters". Interview On The Deal On Restructuring Of Sovereign-Guaranteed Loans
On March 8, 2016, CEE Legal Matters reported that Sayenko & Kharenko had advised Sberbank on the restructuring of a sovereign-guaranteed loan to Yuzhnoya's State Design Office...
5 Dec 2016
2016 Banking, Finance And Transactional Law Expert Guide Names Michael Kharenko And Nazar Chernyavsky Among The World's Leading Experts
This year the research process involved sending over 4,000 questioners to senior practitioners or in-house counsels involved in each practice area in 80 jurisdictions...
15 Nov 2016
NBU Simplifies Settlements For Purchases Of Services And Intellectual Property Rights
With effect from 19 August 2016, the National Bank of Ukraine (the "NBU") abolished the requirement for Ukrainian residents to obtain a price evaluation act – an approval from State Enterprise "State Research and Information Centre for Monitoring International Commodity Markets" (Derzhzovnishinform) – to make cross-border payments for the purchase of services and IP rights from foreign residents in the amount exceeding EUR 50,000.
26 Aug 2016
Financial Restructuring Law To Provide For A New Framework For Corporate Debt Restructurings In Ukraine
On 19 July 2016, the Law of Ukraine "On Financial Restructuring" No. 1414-VII dated 14 June 2016 (the "Financial Restructuring Law) was officially published.
15 Aug 2016
NBU Allowed Repatriation Of 2014 And 2015 Dividends, Decreased FX Proceeds Sale Requirement And Extended Temporary Currency Control Restrictions For Another 3-Month Period
The National Bank of Ukraine extended the restrictions for another three-month period, albeit with some concessions.
22 Jun 2016
Foreign Investments Proceeds Exempted From Mandatory Conversion Into Hryvnia And Other Exchange Control Changes Introduced
The National Bank of Ukraine (the " NBU") continues its piecemeal relaxation of the temporary exchange control measures introduced in 2014.
19 May 2016
The National Bank Of Ukraine Allows Prepayment Of ECA-Supported Cross-Border Loans And Adjusts Interest Payment Restrictions
With effect from 26 March 2016, the National Bank of Ukraine (the "NBU") has excluded export-credit agency loans from cross-border loan prepayment restrictions and made several adjustments that, among other, enable the parties to modify interest payment terms of cross-border loans.
5 Apr 2016
Sayenko Kharenko Advised Oschadbank On Reprofiling Of Its USD 100 Million Subordinated Loan
Sayenko Kharenko acted as a Ukrainian legal advisor to Public Joint Stock Company "State Savings Bank of Ukraine" (Oschadbank) in connection with the bank's reprofiling of USD 100 million subordinated loan...
4 Mar 2016
New NBU Legislation Paves The Way For Purchases Of Distressed Assets By Foreign Investors And Cross-Border Restructurings
The National Bank of Ukraine (NBU) passed a new Regulation No. 996 lifting the ban on registration of transfers and assignments of cross-border loan agreements from 11 January 2016.
13 Jan 2016
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