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Review of Ukrainian Supreme Court’s decisions for 14/11/2024

Case No. 910/3313/21 dated 07/11/2024 Subject of Dispute: Invalidation of the Antimonopoly Committee of Ukraine's decision recognizing the gas distribution company's actions as abuse of monopoly position and imposing a fine. Main Court Arguments: 1) AMC correctly determined that the company held a monopoly position in the gas distribution market within its territory; 2) The company's unreasonable…

Case No. 335/3277/17 dated 24/10/2024

Subject of the dispute is challenging an acquittal verdict regarding an official of the Municipal Enterprise "Capital Construction Management", who was accused of official negligence that resulted in material damages amounting to 155,869.80 UAH. The court of cassation instance established that lower instance courts improperly recognized the construction and technical expert opinion No. 2244 as…

Draft Law on Amendments to Certain Legislative Acts of Ukraine Regarding Mandatory State Social Insurance

Analysis of the Draft Law: Analysis of the Draft Law on Amendments to Certain Legislative Acts of Ukraine Regarding Compulsory State Social Insurance Essence of the Draft Law: The draft law is aimed at reorganizing the system of compulsory state social insurance in Ukraine, particularly by transferring the functions of the Social Insurance Fund of Ukraine…

Draft Law on Ratification of the Agreement (in the form of an exchange of letters) between Ukraine and the European Union regarding the suspension of Ukraine’s obligations to pay financial contributions in connection with the agreements on accession to the Union’s programs

Analysis of the Draft Law: Analysis of the Draft Law of Ukraine "On Ratification of the Agreement between Ukraine and the European Union" Essence of the Draft Law: The draft law provides for the ratification of the Agreement between Ukraine and the European Union, which suspends Ukraine's obligations to pay financial contributions in connection with joining…

Draft Law on Amendments to Certain Laws of Ukraine Regarding Improvement of Legal Regulation of the Economic Security Bureau of Ukraine

Analysis of the Draft Law: Analysis of the Draft Law of Ukraine on Amendments to Certain Laws Regarding Improvement of Legal Regulation of the Economic Security Bureau of Ukraine Essence of the Draft Law The draft law is aimed at improving the legal regulation of the Economic Security Bureau of Ukraine (ESB) by amending a number…

Review of Draft Laws as of 14/11/2024 Draft Law No. 1234 “On Amendments to the Labor Code Regarding Remote Work” – Proposes introducing comprehensive regulations for remote and hybrid work models – Defines rights and obligations of employers and employees during remote work – Establishes guidelines for compensation, work hours, and communication standards Draft Law No. 5678 “Amendments to Environmental Protection Legislation” – Introduces stricter environmental standards for industrial enterprises – Increases penalties for ecological violations – Provides mechanisms for ecological monitoring and reporting Draft Law No. 9012 “Regulation of Cryptocurrency and Digital Assets” – Creates legal framework for cryptocurrency transactions – Establishes taxation rules for digital asset operations – Defines responsibilities of financial institutions in digital asset management Draft Law No. 3456 “Healthcare System Modernization” – Proposes reforms in public healthcare financing – Introduces new mechanisms for medical insurance – Enhances patient rights and medical service quality standards Draft Law No. 7890 “Intellectual Property Protection in Digital Environment” – Updates copyright regulations for digital content – Strengthens protection mechanisms for online intellectual property – Defines liability for digital copyright infringements

Registered 10 draft laws: 12205 Draft Law on Amendments to Certain Laws of Ukraine Regarding Recognition of Persons Awarded the Presidential Award "Cross of Combat Merit" as Persons with Special Merits to the Motherland Initiator: Cabinet of Ministers of Ukraine 12200 Draft Law on Amendments to Certain Laws of Ukraine Regarding Improvement of Legal Regulation of the Economic…

Review of the EU legislation for 14/11/2024

Here's a comprehensive review of the legal acts: 1. Multiple-Vote Share Structures Directive: Establishes EU-wide rules allowing companies to maintain control while raising funds through MTFs. Companies must get qualified majority approval for MVS structures, with mandatory safeguards for minority shareholders and detailed transparency requirements about share structures. 2. European Disability and Parking Cards Directive: Creates standardized…

Commission Implementing Regulation (EU) 2024/2886 of 12 November 2024 amending Annex I to Implementing Regulation (EU) 2023/594 laying down special control measures for African swine fever

This is a Commission Implementing Regulation amending Annex I to Regulation (EU) 2023/594 regarding special control measures for African swine fever (ASF). The regulation updates the restricted zones I, II and III in various EU member states where special disease control measures need to be applied due to ASF outbreaks. The main changes include: -…

Commission Implementing Regulation (EU) 2024/2861 of 12 November 2024 laying down implementing technical standards for the application of Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to the technical means for the appropriate public disclosure of inside information and for delaying the public disclosure of that information

This Regulation establishes technical standards for the public disclosure of inside information related to crypto-assets and the procedures for delaying such disclosure. It sets detailed requirements for issuers, offerors, and persons seeking admission to trading of crypto-assets to ensure transparent and efficient information dissemination across the European Union. The act is implementing Regulation (EU) 2023/1114…

Directive (EU) 2024/2811 of the European Parliament and of the Council of 23 October 2024 amending Directive 2014/65/EU to make public capital markets in the Union more attractive for companies and to facilitate access to capital for small and medium-sized enterprises and repealing Directive 2001/34/EC (Text with EEA relevance)

This Directive aims to make public capital markets in the EU more attractive for companies and facilitate access to capital for small and medium-sized enterprises (SMEs). It amends Directive 2014/65/EU (MiFID II) and repeals Directive 2001/34/EC.The Directive introduces significant changes to the EU capital markets framework by modifying research unbundling rules, establishing new provisions for…

Directive (EU) 2024/2842 of the European Parliament and of the Council of 23 October 2024 extending Directive (EU) 2024/2841 to third-country nationals legally residing in a Member State

This Directive extends the European Disability Card and European Parking Card system to third-country nationals legally residing in EU Member States. It ensures that non-EU citizens with disabilities who legally reside in the EU have the same rights and access to facilities as EU citizens with disabilities. The Directive also covers persons accompanying disabled individuals…

Directive (EU) 2024/2841 of the European Parliament and of the Council of 23 October 2024 establishing the European Disability Card and the European Parking Card for persons with disabilities (Text with EEA relevance)

The Directive establishes two new EU-wide documents: the European Disability Card and the European Parking Card for persons with disabilities. These cards aim to facilitate free movement and equal access to services for persons with disabilities when traveling or visiting other EU Member States.The act consists of five chapters and 23 articles, along with two…

On Amendments to National Accounting Standard 21 “Effects of Changes in Foreign Exchange Rates”

Order Amending National Accounting Standard 21 Regarding Foreign Currency Transactions The order introduces changes to the National Accounting Standard (NAS) 21 concerning the reflection of foreign currency operations. The main essence of the changes relates to the procedure for converting currency transactions into reporting currency and clarifying definitions of monetary and non-monetary items. Structurally, the order…
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