Source/Date | Brief description |
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Parliament of 04/11/2018 |
Law “On Amendments to Certain Legal Acts of Ukraine Concerning Resumption of Lending” entered into force On November 4, 2018 the Law “On Amendments to Certain Legal Acts of Ukraine Concerning Resumption of Lending” entered into force, which will become effective starting from February 4, 2019. The Law has cut short many legislative loopholes, which were used by borrowers and security providers to avoid bona fide performance of their obligations towards resident and non-resident creditors. The Law establishes changes to Ukrainian regulation related to granting of security, which should be taken into account when entering into financing projects with Ukrainian law collateral involved (e.g. pledge, mortgage and surety). When effective, the Law will also have retrospective effect on the contractual obligations, which had arisen before February 4, 2019, but still remain to be in effect. For further information in Ukrainian click here. |
Parliament of 18/10/2018 |
Code of Bankruptcy The Parliament of Ukraine adopted the Code of Bankruptcy Proceedings, which aims to replace the old and debatable Law of Ukraine “On Restoration of Solvency of Debtors or Recognition of a Debtor as Bankrupt.” The Code introduces a novelty to Ukrainian legal framework, namely, the concept of bankruptcy of an individual and bankruptcy of a private entrepreneur. The Code also contains a number of provisions relevant for the bankruptcy of corporates, aiming to ensure more transparency in the bankruptcy process as a whole and establish a fair balance between debtors and creditors. The Code expects the President’s signature and official publication to become effective. For further information in Ukrainian, click here. |
The National 18/09/2018 |
The National Bank of Ukraine (NBU) adopted Resolution No. 100 “On amendments to some legal acts of the National Bank of Ukraine”
For further information in Ukrainian click here. |
Public events and conferences
Source/Date | Brief description |
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28/11/2018 Kyiv, Ukraine |
Legal TMT Forum Dentons’ Partner Natalia Selyakova will speak at Legal TMT Forum. The discussion will be dedicated to legislative initiatives relating to regulation of crypto currencies in Ukraine. |
23/11/2018 Kyiv, Ukraine |
FinRetail Forum 2018 The FinRetail Forum 2018 will cover such key topics as mobile applications and remote support, remote identification, new methods in working with debtors - digital sales channels, CRM and scoring solutions. |
06/12/2018 Kyiv, Ukraine |
UAFIN.TECH Conference The conference will cover such key topics as practical instruments in international expansion of Fintech, new wave of digital banks for market participants, digital transformation in (re)insurance and ecosystem building. |
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