The Ukrainian Bar Association (UBA), in collaboration with
Sayenko Kharenko, today announced that the Ministry of Economic
Development and Trade of Ukraine terminated special sanctions that
were imposed on the International Bar Association (IBA) almost ten
Beginning from 2007, the IBA was listed in the electronic
database of special sanctions in the form of limitation of foreign
economic activities due to a technical application of currency
control laws to a payment by one of the IBA's customers in
Ukraine. This sanction made it impossible for any IBA member from
Ukraine to make a wire transfer to the IBA, for example, to pay the
membership fees or the conference registration fees.
The termination of special sanctions was accomplished within a
short timeframe by Sayenko Kharenko's international trade team
on a pro bono basis, with support from the Ukrainian Bar
Partner Vladimir Sayenko, International
Relations Officer of the UBA, comments: "We are pleased to
see that the Ministry of Economic Development and Trade of Ukraine
reacted very quickly to exclude the IBA from the sanctions list as
soon as the issue was raised. This is a perfect example of
practical business friendly approach where the Ukrainian Government
demonstrated that substance should prevail over form. From now on
the IBA members will have no obstacles in paying the annual fees or
conference registration fees. We encourage all UBA members and
other Ukrainian lawyers to join the IBA and participate in its
The International Bar Association, established in 1947, is the
world's leading organization of international legal
practitioners, bar associations and law societies. The IBA
influences the development of international law reform and shapes
the future of the legal profession throughout the world. It has a
membership of more than 80,000 individual lawyers and more than 190
bar associations and law societies spanning over 160 countries. It
has considerable expertise in providing assistance to the global
The Ukrainian Bar Association has been an IBA member since 2006
and cooperates with the IBA on those activities that are relevant
for Ukrainian lawyers. For more information and to read the
official press release, please visit the UBA's web
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