On 22 November 2024, the Cabinet of Ministers of Ukraine published Resolution No. 1332 dated 22 November 2024 ‘Some Issues of Reservation of Persons Liable for Military Service during Martial Law’ (the ‘Resolution’), which updates the reservation procedure and clarifies certain criteria of criticality.
The Debrief: November, 2024
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
Asters Advises DFC on Loan Portfolio Guarantee for ProCredit Bank
Asters, working with Mayer Brown, has advised the United States International Development Finance Corporation on a loan portfolio guarantee for ProCredit Bank.
Ukraine Begins Exporting Biomethane to the EU: New Customs Clearance Rules
On 9 September, the Ministry of Finance of Ukraine officially published Order No. 380 dated 1 August 2024, which introduces significant changes to the regulation of customs clearance of biomethane by pipeline. From now on, Ukrainian biomethane producers will be able to export biomethane to the European Union via the Ukrainian gas transmission system through interstate interconnection points with four EU countries.
National Bank of Ukraine Amends Foreign Currency Restrictions
On 10 September 2024, amendments to the foreign currency (“FX”) regulation came into force, aimed at easing restrictions on business and, on the other hand, at introducing measures to counteract capital outflows.
The Procedure for Reservation of Persons Liable for Military Service During Martial Law Was Amended
The Cabinet of Ministers of Ukraine published Resolution No. 988 dated 16.08.2024, which amended the Procedure for Reservation of Persons Liable for Military Service during Martial Law (hereinafter – the “Reservation Procedure”). Key changes are:
RES Producers Shall Renew Contracts with the Guaranteed Buyer
On 26 July 2024, the National Energy and Utilities Regulatory Commission (NEURC) adopted Resolution 1381, amending key provisions of the following agreements:
Digest of Recent Legislative Developments in the Fields of Energy and Natural Resources II
A summary of recent legislative developments in the fields of energy and natural resources in Ukraine.
Ukraine Announces Further Changes to Competition Legislation
Following the implementation of the first stage of the Competition Law reform, the Antimonopoly Committee of Ukraine (AMC) unveiled a new Draft Law on 24 July 2024, marking the second stage of the reform. This draft aims to further align Ukrainian competition legislation with EU standards and refine certain previous changes.
Digest of Recent Legislative Developments in the Fields of Energy and Natural Resources
A summary of recent legislative developments in the fields of energy and natural resources in Ukraine.
National Bank of Ukraine Updates Several Foreign Currency Restrictions
On 11 July 2024, new foreign currency (“FX”) easings came into effect to increase Ukraine's investment attractiveness and raise private foreign capital. Specifically, the latest package of amendments, introduced by Resolution No. 83 of the National Bank of Ukraine (the “NBU”) dated 09 July 2024 (“Resolution No. 83”), includes the following FX liberalization measures.
New Grounds for Termination of Employment and Suspension of Employees
On 25 April 2024, Ukrainian Parliament adopted the Law of Ukraine “On Amendments to the Labour Code of Ukraine on Establishing Additional Grounds for Termination of Employment Agreement at the Initiative of the Employer and Certain Other Issues” (the “Law”), which is aimed at strengthening the protection of Ukraine's national security.
Ukraine Introduces Special Auctions for the Ancillary Services Market, Introducing Special Auctions for Providing the Power System with Frequency and Active Power Control Reserves
The National Commission for State Regulation of Energy and Public Utilities (NEURC) issued Resolution No. 1172 on 26 June 2024 "On Approval of Amendments to Certain NEURC Resolutions. This resolution allows for the signing of five-year agreements in the ancillary services market by introducing special auctions.
E-Reservation and Changes to the Reservation Procedure
On 5 June 2024, the Cabinet of Ministers of Ukraine adopted Resolution No. 650 (hereinafter referred to as “Resolution No. 650”), which approves the Procedure for Reservation of Persons Liable for Military Service during Martial Law by means of the Unified State Web Portal of Electronic Services (hereinafter referred to as “Portal Diia”).
Ministry of Energy of Ukraine Lifts Martial Law Restrictions on "Green" Tariff Payments
On 1 May 2024, the Ministry of Energy of Ukraine's Order No.136 as of 1 April 2024, came into effect, cancelling Order No.206 as of 15 June 2022. This change has significant implications for the renewable energy sector in Ukraine, as detailed below.
Regulation of Labor of Domestic Workers
On 25 April 2024, Ukrainian Parliament adopted the Law of Ukraine “On Amendments to Certain Legislative Acts of Ukraine Regarding the Regulation of Labour of Domestic Workers”, which introduces regulation of labour relations with domestic workers. The Law supplements the Labour Code of Ukraine (the “Labour Code”) with a new Chapter "Labor of Domestic Workers".
Hot Practice in Ukraine: Oleksiy Didkovskiy on Asters' International Arbitration and Cross-Border Litigation Practice
The International Arbitration and Cross-Border Litigation practice has taken center stage for Asters in Ukraine according to Co-Managing Partner Oleksiy Didkovskiy, with work driven by the war and the pandemic and a focus on state and quasi-state clients.
Asters Successful for PrivatBank in Pryozernyi Shopping Mall Dispute
Asters has successfully defended PrivatBank in a dispute over the title to Pryozernyi, a shopping mall in Dnipro with a total area of more than 32,000 square meters.