On 16 July 2021, the Order of the Ministry of Economy of Ukraine No. 913-21 approving the templates of employment agreements on home and distance work came into effect.
On Monday, 26 July, the Ukrainian president enacted a decision of the National Security and Defense Council, which imposed economic sanctions against six individuals and ten entities, including three non-profit organizations related to the self-proclaimed Donetsk People’s Republic.
On Monday, 26 July, the Ukrainian president enacted a decision of the National Security and Defense Council (NSDC), which imposed economic sanctions against six individuals and ten entities, including three non-profit organizations related to the self-proclaimed Donetsk People’s Republic.
On 15 June 2021, the Parliament of Ukraine adopted a law commonly referred to as the Tax Amnesty Law1 (“Law”), which introduces voluntary disclosure program with respect to unreported taxable income and assets. On 21 July 2021, the Law entered into force. By its terms, the tax amnesty will be available from 1 September 2021.
On 15 June 2021, the Parliament of Ukraine adopted a law commonly referred to as the Tax Amnesty Law1 (“Law”), which introduces voluntary disclosure program with respect to unreported taxable income and assets. On 21 July 2021, the Law entered into force. By its terms, the tax amnesty will be available from 1 September 2021.
The National Bank of Ukraine (NBU) has made yet another relaxation of its foreign exchange regulations and eased restrictions concerning the purchase of foreign currency by local businesses.
Banks seem to face difficulties in implementing their digital transformation projects due to the regulatory restrictions directly or indirectly applicable to cloud computing. This publication represents the initial results of Baker McKenzie’s Kyiv office ongoing research of potential regulatory obstacles for a bank to migrate into a cloud environment leveraging market survey conducted during spring this year.
The National Bank of Ukraine has updated its foreign exchange regulations and eased certain restrictions concerning transactions with Eurobonds issued by Ukrainian companies in foreign markets.
This handbook Conducting Business in Ukraine 2021 has been prepared by the attorneys of Baker McKenzie’s Kyiv office as a general guide for companies operating or considering investing in Ukraine. It is intended to present an overview of the key aspects of the Ukrainian legal system and the regulation of business activities in the country
On 13 April 2021, a new import ban will come into effect on 24 new categories of products originating from the Russian Federation. The Cabinet of Ministers of Ukraine adopted a resolution amending the list of products prohibited for import into Ukraine from the Russian Federation, which was previously approved by its…