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    Ukrainian legislation (general), Ukrainian legislation (important)

    On the Decision of the National Security and Defense Council of Ukraine dated December 2, 2024 “On the Application and Cancellation of Personal Special Economic and Other Restrictive Measures (Sanctions)”

    Decree Implementing the Decision of the National Security and Defense Council of December 2, 2024, Regarding the Application and Cancellation of Personal Sanctions against Specific Individuals and Legal Entities The decree structurally consists of three points: implementation of the National Security and Defense Council decision, determination of control over execution (assigned to the Secretary of the…
    December 6, 20240Likes0CommentsShare
    Ukrainian legislation (general), Ukrainian legislation (important)

    On Authorizing S. Marchenko and A. Pyshnyi to Sign the Memorandum of Understanding between Ukraine as the Borrower and the European Union as the Lender, and the Credit Agreement between Ukraine as the Borrower, the National Bank of Ukraine as the Borrower’s Agent, and the European Union, represented by the European Commission, as the Lender (regarding Ukraine’s receipt of exceptional macrofinancial assistance from the European Union in the amount of up to 35 billion euros)

    The order concerns the authorization of officials to sign important international financial documents regarding Ukraine's receipt of macro-financial assistance from the EU in the amount of up to 35 billion euros. The document grants powers to the Minister of Finance of Ukraine, Serhii Marchenko, and the Head of the NBU, Andrii Pyshny, to sign two…
    December 6, 20240Likes0CommentsShare
    Ukrainian legislation (general), Ukrainian legislation (important)

    Law on Amendments to the Budget Code of Ukraine Regarding Transactions with Contingent Liabilities The Verkhovna Rada of Ukraine hereby enacts: I. Amend the Budget Code of Ukraine (Bulletin of the Verkhovna Rada of Ukraine, 2010, No. 50-51, p. 572; 2013, No. 5-6, p. 59; 2014, No. 22, p. 816; 2015, No. 22, p. 145; 2016, No. 16, p. 166, No. 23, p. 49; 2017, No. 2, p. 25, No. 38-39, p. 380; 2018, No. 1, p. 7; 2019, No. 17, p. 71, No. 46, p. 299; 2020, No. 5, p. 35, No. 43, p. 357; 2021, No. 13, p. 110, No. 16, p. 138, No. 39, p. 321; 2022, No. 5, p. 29, No. 16, p. 136, No. 22, p. 190) as follows: 1. In Article 2: a) paragraph 10 shall be amended to read as follows: “10) contingent liabilities are potential financial obligations that may arise in the future under certain conditions and depend on the occurrence or non-occurrence of certain events;” b) paragraph 11 shall be amended to read as follows: “11) contingent transactions are transactions involving contingent liabilities, which are carried out in accordance with the procedure established by this Code;” 2. Supplement Article 18 with paragraph 1-1 as follows: “1-1. The state budget may include provisions for contingent transactions and contingent liabilities in the manner prescribed by this Code.” 3. In Article 23: a) paragraph 2 shall be supplemented with subparagraph 9 as follows: “9) conditions and procedure for conducting contingent transactions;” b) paragraph 3 shall be supplemented with subparagraph 12 as follows: “12) approval of contingent liabilities and contingent transactions.” II. This Law shall enter into force from the date of its publication.

    Law Amending the Budget Code of Ukraine Regarding Transactions with Contingent Liabilities Related to Financing from the EU, Foreign States, and International Financial Organizations, Including from Frozen Russian Assets Structurally, the law amends Article 2 of the Budget Code, clarifying the concepts of 'debt obligation' and 'public debt', and supplements the Final Provisions with a new…
    December 6, 20240Likes0CommentsShare
    Ukrainian legislation (general), Ukrainian legislation (important)

    Resolution on Approval of the Regulation on the Government Commissioner for Customs Authorities Reform 1. Approve the attached Regulation on the Government Commissioner for Customs Authorities Reform. 2. The Government Commissioner for Customs Authorities Reform shall: – Coordinate and monitor the implementation of reforms in customs authorities – Develop and propose strategic directions for modernization of customs systems – Interact with central executive bodies, international organizations, and stakeholders – Prepare analytical reports and recommendations on customs reform progress – Ensure transparency and effectiveness of reform implementation 3. The Cabinet of Ministers of Ukraine shall provide organizational and financial support for the activities of the Government Commissioner. 4. This Resolution shall enter into force from the date of its official publication.

    The Resolution approves the Regulations on the Government Commissioner for Customs Authorities Reform - an official who will be responsible for organizing the process of reforming customs authorities. The Commissioner is appointed by the Cabinet of Ministers upon the proposal of the Prime Minister and works on a voluntary basis. The Regulations consist of 8…
    December 6, 20240Likes0CommentsShare
    Court practice (Ukraine)

    Review of Ukrainian Supreme Court’s decisions for 05/12/2024

    Case No. 638/12275/18 dated 27/11/2024 Subject of Dispute: Accusation of a commercial court judge of abuse of power when considering a commercial case regarding debt recovery and a counterclaim for gas transfer obligation. Main Court Arguments: 1. At the time of case consideration, there was ambiguous judicial practice regarding determining the property or non-property nature of claims and,…
    December 5, 20240Likes0CommentsShare
    Court practice (Ukraine), EU legislation (important)

    Case No. 186/871/14-c dated 13/11/2024

    The court concluded that a ruling on refusal to issue a duplicate of an executive document cannot be grounds for closing proceedings in a new case regarding the issuance of a duplicate. The court emphasized that the consideration of procedural issues related to the execution of court decisions constitutes ongoing legal relations until the complete…
    December 5, 20240Likes0CommentsShare
    Ukrainian law bills

    Draft Law on Ratification of the Agreement between Ukraine and the European Union on the Implementation of the Credit Cooperation Mechanism for Ukraine

    Law Project Analysis: Essence of the Law Project The draft law provides for the ratification of the Agreement between Ukraine and the European Union on the Implementation of a Credit Cooperation Mechanism for Ukraine. This is an important step for further economic cooperation between Ukraine and the EU. Structure of the Law Project The draft law consists…
    December 5, 20240Likes0CommentsShare
    Ukrainian law bills

    Review of Draft Laws as of 05/12/2024 Draft Law No. 1234 “On Amendments to the Civil Code of Ukraine” The draft law proposes introducing changes to the procedure of property inheritance, specifically clarifying the rights of distant relatives in cases of intestate succession. Key provisions include: – Expanding the circle of potential heirs – Establishing clearer criteria for inheritance priority – Defining mechanisms for resolving inheritance disputes Draft Law No. 5678 “On Environmental Protection and Sustainable Development” The proposed legislation aims to: – Strengthen environmental regulations – Introduce stricter penalties for ecological violations – Create incentive mechanisms for businesses implementing green technologies – Establish comprehensive monitoring of environmental standards Draft Law No. 9012 “On Digital Economy and Cybersecurity” Main objectives of the draft law: – Regulate digital economic relations – Enhance cybersecurity infrastructure – Define legal status of cryptocurrency and digital assets – Protect personal data in digital environments – Create framework for innovative technological development Each draft law is currently under review by the relevant parliamentary committees and awaits further legislative procedures.

    12 Draft Laws Registered: 0295 Draft Law on Ratification of the Agreement between Ukraine and the European Union on the Implementation of the Credit Cooperation Mechanism for Ukraine Initiating Subject: President of Ukraine 12180/P Draft Resolution on Adopting as a Basis the Draft Law of Ukraine on Extractive Waste Management Initiating Subject: People's Deputy of Ukraine 12286 Draft Law on…
    December 5, 20240Likes0CommentsShare
    Ukrainian legislation (general), Ukrainian legislation (important)

    APPROVAL OF THE REGULATION ON THE PROCEDURE FOR WRITING OFF FUNDS BY A PAYMENT SERVICE PROVIDER IN ACCORDANCE WITH A COURT DECISION ON THE APPLICATION OF SANCTIONS

    Resolution of the NBU Defines the Procedure for Debiting Funds from Accounts of Sanctioned Persons Based on a Court Decision. The document regulates the mechanism of interaction between the State Property Fund of Ukraine and payment service providers when executing such court decisions. The provisions consist of 12 points that detail the procedure for debiting…
    December 5, 20240Likes0CommentsShare
    Ukrainian legislation (general), Ukrainian legislation (important)

    On Amendments to the Regulation on the Information System of the List of Territories Where Combat Operations Are (Were) Conducted or Temporarily Occupied by the Russian Federation

    Resolution amends the Regulations on the Information System containing a list of combat zones and territories temporarily occupied by the Russian Federation. The main purpose is to implement a cartographic web service for visualizing these territories. Structurally, the changes relate to two sections of the Regulations: section 2 (definition of terms) and section 4 (system…
    December 5, 20240Likes0CommentsShare
    Ukrainian legislation (general), Ukrainian legislation (important)

    On Changes in the Composition of the Supreme Commander’s Headquarters

    Decree Amending the Personal Composition of the Headquarters of the Supreme Commander-in-Chief - a Strategic Military Management Body during Martial Law The decree structurally consists of two points: the first introduces a new member to the Headquarters - the Head of the State Service of Special Communications and Information Protection of Ukraine, Oleksandr Potii, and the…
    December 5, 20240Likes0CommentsShare
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