Evris Law Firm
The new system of currency regulation was launched with putting into effect the long-awaited Law of Ukraine "On Currency and Currency Transactions" (Law), which finally replaced the Decree of the Cabinet of Ministers...
On 4 January, the National Bank of Ukraine (the "NBU") approved and published a number of regulations setting out a new legislative framework ...
Further to unblocking repatriation of dividends for 2014 and 2015 last year, on 13 April 2017 the National Bank of Ukraine (the "NBU") allowed foreign investors to repatriate dividends accrued in 2016.
The National Bank of Ukraine (the "NBU") will no longer require that Ukrainian banks obtain individual licences to invest abroad in securities issued by certain foreign states and IFIs.
Sayenko Kharenko acted as legal counsel to the European Bank for Reconstruction and Development on providing of up to the USD 20 million loan to the subsidiaries of Industrial Milk Company (IMC Group).
With effect from 19 August 2016, the National Bank of Ukraine (the "NBU") abolished the requirement for Ukrainian residents to obtain a price evaluation act – an approval from State Enterprise "State Research and Information Centre for Monitoring International Commodity Markets" (Derzhzovnishinform) – to make cross-border payments for the purchase of services and IP rights from foreign residents in the amount exceeding EUR 50,000.
On 23 November 2012 the National Securities and Stock Market Commission (the "Commission") adopted the resolution "On Approval of Regulation on Functioning of Stock Exchanges" (the "Regulation"), which is currently undergoing registration with the Ministry of Justice of Ukraine.
CMS Cameron McKenna Nabarro Olswang LLP
On 13 April 2011, the National Bank of Ukraine (the "NBU") approved Resolution No. 111 ‘On Amendments to Certain Legislative Acts of the National Bank of Ukraine’ ("Resolution No. 111"), which brought changes to the Regulation ‘On the Procedure for and Terms of Foreign Currency Trading’ approved by Resolution No. 281 dated 10 August 2005.