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Analysis of the Resolution of the Cabinet of Ministers of Ukraine dated October 22, 2024, No. 1033-r
Subject of the Resolution
The Resolution of the Cabinet of Ministers of Ukraine No. 1033-r, issued on October 22, 2024, pertains to the activities of the limited liability company “Kremenchuk TPP”. The main objective of this document is to ensure the stable operation of the enterprise during the heating season under martial law.
Main Tasks
- Ensuring a sustainable heating season during the period of martial law.
- Organizing the management of state corporate rights in the charter capital of LLC “Kremenchuk TPP”.
Recommendations to the National Commission on Securities and Stock Market
The resolution recommends that the National Commission on Securities and Stock Market address the issues regarding the peculiarities of the application of legislative acts during the period of martial law by October 26, 2024. In particular, it concerns:
- The peculiarities of applying legislation regarding corporate rights that have been forcibly expropriated under the legal regime of martial law.
- The possibilities of managing these corporate rights by the state through the charter capital of LLC “Kremenchuk TPP” by the public joint-stock company “Ukrnafta”.
Involved Parties
The resolution clearly specifies the involved parties:
- LLC “Kremenchuk TPP” – the company whose activities are regulated by this document.
- Public Joint-Stock Company “Ukrnafta” – the organization that will manage the state corporate rights in the charter capital of LLC “Kremenchuk TPP”.
- The National Commission on Securities and Stock Market – the body responsible for processing the recommendations by October 26, 2024.
Deadlines for Execution
The resolution establishes a specific deadline for addressing the recommended issues: by October 26, 2024. This timeframe defines the period within which the National Commission must provide its conclusions and proposals regarding the mentioned aspects.
Legal Regime
The document emphasizes that all actions are carried out within the framework of the legal regime of martial law, which entails special conditions and restrictions regarding corporate rights and their management. This provides the state with the necessary powers to ensure the stable functioning of critical infrastructure during crisis situations.
Conclusion
Resolution No. 1033-r contains important provisions regarding the management of state corporate rights in LLC “Kremenchuk TPP” through PJSC “Ukrnafta”. This is part of measures aimed at ensuring the energy stability of the country during martial law, particularly during the heating season.[:]