News

2017-07-11
Yuri Rudenko, Attorney at SDM Partners comments on practical issues of international commercial arbitration for edition "Lawyer&Law": - Arbitration is certainly the best alternative to litigation - in case when the price of the matter is high enough, the parties (or the party) want to avoid the risks associated with the consideration of the case by the Ukrainian court, and the duration of the examination can be sacrificed to its objectivity and significant expenses, connected with arbitration proceedings. Read more: https://goo.gl/61iAPD...
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2017-07-03
The legal and organizational bases for state control over compliance with legislation on food products, pet food, animal health and welfare, as well as legislation concerning by-products of animal origin whilst import (transfer) thereof to the customs territory of Ukraine by the market operators are determined. For arrangement and conducting of the state control, inter alia, at the state border of Ukraine, a competent authority is to be established. Such authority will undergo external audit, and its officials will improve their qualifications annually. Should the risk to the life and healt...
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2017-06-30
The SFS published the Register of reporting documents forms as for legal entities and individual taxpayers to record thereof to the SFS reporting documents electronic database: http://sfs.gov.ua/dovidniki--reestri--perelik/reestri/154157.html (as of 30 June 2017)....
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2017-06-29
Pursuant to subparagraphs 75.1.3 of the Tax Code, the actual tax audit shall mean such conducted at the place of a taxpayer’s actual activities performance, location of business or other proprietary objects owned by the taxpayer. The audit shall be carried out by the supervisory authority with regards to compliance with legal requirements on the supervision over physical cash flow, order for settlement transactions execution by taxpayers, cash transactions execution, possession of licenses, certificates, inter alia, for the production and circulation of excisable goods, compliance with l...
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2017-06-19
Ordering customers of construction works shall be no longer required to receive initial data and technical conditions from the State Emergency Service of Ukraine. It is assumed that the designer shall prepare design documentation in compliance with the state building norms and regulations, already stipulating the relevant requirements. In addition, from now on the works as to creating objects of architecture can be performed only by an accredited person having an higher industry-specific degree and 3 years of work experience. Before, it was allowed to grant accreditation to persons having no ...
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2017-06-15
The National Bank of Ukraine pushes ahead with the liberalization of FX regulations by easing restrictions that have become inefficient, the relaxation of which will not have a destabilizing impact on the interbank and cash segments of the FX market. The NBU terminated a ban on FX purchases if the customer’s own available funds held in accounts with banks exceed the equivalent of USD 100,000. Until now, a customer was required to use his own FX holdings to settle his obligations. The regulator cancelled restrictions on cross-border transfers for non-commercial operations to individuals...
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2017-06-11
Within the framework of deregulation, the Ministry of Economic Development provided a package of amendments of 9 drafts aimed at liberalizing the system of state supervision (control), allowing to minimize communications between supervising authorities and business, significantly reducing corruption risks, for consideration of the Cabinet of Ministers. According to the amendments, in particular: - The public integrated audit database is to be introduced (determined by the Procedure on Operation of the Integrated State Supervision (Control) Automated System. The system shall allow online acce...
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2017-06-10
The Cabinet of Ministers established the procedure for conducting scheduled measures of a state supervision (control) comprehensively, i.e., simultaneously by all state supervision authorities, which schedules concern on such a business entity. In order to perform a comprehensive audit, each state supervision authority shall issue an order that must contain the name of the auditee and the subject of the audit. Such order shall be the basis for the audit appointment. Before the audit starts, officials of the state supervision authorities are required to provide a business entity’s manag...
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2017-06-08
This morning started with the presentation of Yuri Rudenko, Attorney at Law at SDM Partners Law Firm, who told the Czech entrepreneurs about the novation in Ukrainian legislation during the Ukrainian-Czech Business Forum. The event was held with the participation of the Minister of Industry and Trade of the Czech Republic, Deputy Minister of Economic Development and Trade of Ukraine – Trade Representative of Ukraine, Deputy Minister of Agrarian Policy and Food of Ukraine and the Ambassador of the Czech Republic in Ukraine. It was considered the prospects and priorities of the Ukrainian-C...
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2017-06-06
SDM Partners Law Firm and Aronovych and Partners Law Office announce the merger. The team of Aronovych and Partners sides with the team of SDM Partners. While SDM Partners has gained a reputation as one of the leading Ukrainian law firms, successfully supporting its Ukrainian and international clients for over 9 years in all areas of law, Aronovych and Partners is one of the first law offices of independent Ukraine, which started its activity in 1993 and has successfully been providing professional legal services to both legal entities and individuals for more than 24 years. As the Managing ...
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