The Cabinet of Ministers of Ukraine has announced the introduction of quarantine in Ukraine from 12 March until 24 April 2020 to prevent the spread of COVID-19¹. Since the quarantine regime imposes significant restrictions and limitations on business activity within the country, the government of Ukraine has introduced several defensive mechanisms to mitigate the adverse consequences of such restrictions.
28 квітня 2020 року в Україні набере чинності Закон України «Про запобігання та протидію легалізації (відмиванню) доходів, одержаних злочинним шляхом, фінансуванню тероризму та фінансуванню розповсюдження зброї масового знищення» № 361-IX від 06 грудня 2019 року (далі – Закон).
In today’s circumstances, when the spread of coronavirus has literally paralyzed normal commercial activity in most business sectors, many companies are now facing serious financial difficulties. Quite often, distressed businesses are a potential threat to the banking system, which may be exposed to the risk of a non-performing loan (“NPL”) problem.
On 30 March 2020, Parliament enacted a new law: ‘On Amendments to Certain Legislative Acts of Ukraine to Provide Additional Social and Economic Safeguards in Ukraine during the Spread of Coronavirus (COVID-19)’ (Coronavirus Social and Economic Law).
On 24 March 2020, in order to meet the requirements of the International Monetary Fund (“IMF“), the Prime Minister of Ukraine Mr. Denys Shmygal has submitted Draft Law No. 3260 [1] to the Parliament.
On December 19, 2019, the bill No. 2634 “On amendments to the Tax Code of Ukraine on taxation by means of a value-added tax on electronic services provided by non-residents to individuals in the customs territory of Ukraine” (hereinafter – the bill), was registered in the Verkhovna Rada.
Law No. 530-ІХ “On Amendments to Certain Legislative Acts of Ukraine aimed at Preventing the Occurrence and Spread of Coronavirus Disease (COVID-19)” entered into force on March 17, 2020. In particular, the provisions of this Law determine that now force majeure (force majeure circumstances) apply to the quarantine established by the Cabinet of Ministers of Ukraine. Corresponding changes have been made to the Law of Ukraine “On Chambers of Commerce and Industry in Ukraine”.
The Cabinet of Ministry of Ukraine (“CMU”) updated the Conditions for Access to Geological Information (approved by CMU Resolution dated November 7, 2018 no. 939), which regulate main aspects of producing and using geological information.
Sergii’s focus at Hillmont will be cross-border corporate and commercial law work, supported by his LLM degree from the Queen Mary, University of London.
On February 3, 2020, the Government registered in Parliament draft law No.2831 On the List of Objects of State Ownership that cannot be Privatised (the List). Previously, on October 2, 2019, the Parliament of Ukraine adopted a law 145-IX On the Abolition of the Law of Ukraine on the List of Objects of State Ownership that cannot be Privatised in its second reading.
James Hart participated in the Ukrainian Legal Banking Forum’s panel “Global Asset Search and Recovery”. 
The panel included representatives of Hogan Lovells, Ankura, Alfa Bank, the National Bank of Ukraine and Ukraine’s state asset recovery agency, ARMA. The panel discussed key strategic considerations in respect of global asset recovery and the most powerful remedies available to claimants, including Worldwide Freezing Orders.
James Hart commented “At the outset of a global asset recovery it may be unclear which jurisdictions will be center stage. In such circumstances, to minimize jurisdictional bias, it is vital that the strategic coordinator is a firm with very broad experience.”
As Hillmont Partners is preparing for the 2020 Ukraine House in Davos, James Hart shared his thoughts regarding the transformation of the industrial sector in his new article published in the Kyiv Post.
Hillmont Partners is delighted to be a partner of this year’s Davos Ukrainian Breakfast.
2019 was a year of several substantial developments in Ukrainian corporate law and practice. Here is a glance over some of the most interesting developments from our Corporate Law team.
3rd annual Ukrainian Investment Road Show
Hillmont’s James Hart was a speaker at the 3rd annual Ukrainian Investment Road Show at Thompson Reuters in London on the 2nd December. The panel discussed the capital raising activity of leading Ukrainian businesses in the international markets with the participation of MHP, Metinvest, Kernel, DTEK Renewables, Interpipe, BCP Securities and Raiffeisen Bank International. Topics included successful Ukrainian corporate Eurobond placements this year, the first ever green bond issuance in the region, business and capital raising strategies of some of the country’s largest companies and investor sentiment towards Ukraine. The general view was that Ukraine’s macroeconomic indicators remain extremely attractive and the investment climate is generally favourable.
James Hart noted:
If the government and parliament deliver planned market-friendly legislative changes then Ukraine can become the biggest Emerging Market success story of 2020
On December 5, 2019, the conference “Ukraine: Great Expectations” will be held at the Royal Institute of International Affairs Chatham House.
Oleksiy Miagkiy joins Hillmont Partners as Senior Associate and will lead our White Collar Crime Practice.
On the 13th September 2019 the Parliament of Ukraine adopted the draft law No.1054-1
Проведення податкових перевірок є невід’ємною частиною бізнес-процесів у будь-якій країні світу, і Україна не є винятком.
On 11 September 2019 the Parliament of Ukraine adopted the draft law No.1031 “On Amendments to Certain Laws of Ukraine Relating to Expropriation of Illegal Assets from Persons Authorised to Execute Functions of State” on its first reading.
Hillmont Partners is excited to announce the upcoming opening of its London office.
On August 21, 2019, the Cabinet of Ministers of Ukraine approved new procedures for state supervision and control of compliance with labor legislation. On August 30, 2019, these new procedures entered into force.
Для успешного бизнеса наличие зарегистрированной торговой марки является одним из наиболее важных активов, несмотря на то, что процедура регистрации в Украине достаточно непростая, затратная и длительная
Alyona has worked for more than 15 years in legal and management positions in the Presidential Administration of Ukraine and almost five years in the field of government relations.
Ольга Стахеева-Боговик стала старшим юристом Hillmont Partners. Напомним, ее основная специализация — международное финансовое и банковское право.
Global tendencies and the intensively developing restructuring and bankruptcy legal environment across the globe make it impossible to ignore such processes. Ukraine does not.
From July 19, 2019, the cost of registration of intellectual property (IP) rights in Ukraine will increase three-fold on average.
On June 10, 2019, the President of Ukraine submitted to the Parliament Draft Law No. 10376 (“Draft Law”) on amending the Law of Ukraine “On the Electricity Market”.
In light of recent news we wish to inform our colleagues, clients and partners that Hillmont Partners’ Vadym Halaichuk, Serhii Kalchenko and Andriy Lysiuk will be leaving the firm to concentrate on their upcoming parliamentary campaign.
Передвиборча кампанія щодо виборів президента України добігла кінця, тож політики по суті вже переключилися на наступні вибори – парламентські, які також мають відбутися у цьому році.
До команди Hillmont Partners приєдналась Наталія Ганниця, яка нині працює на посаді помічника керівника, відповідаючи за внутрішні комунікації компанії.
Hillmont Partners has been ranked among the top law companies in Ukraine for 2019 according to The Legal 500.
The Law of Ukraine on ratification of the MLI Convention came into force on the 2 nd of April 2019 Accordingly, we should expect modification of Ukraine’s international treaties for the avoidance of double taxation (“double taxation treaties”, or “ in the nearest future What is the MLI Convention and what is the purpose of its development?
Associate Liudmyla Boiko, who previously had the experience of being a judge of an administrative court joined Hillmont Partners team.
Захист прав інтелектуальної власності вже досить давно є одним із пріоритетів як відомих брендів, які тільки здобувають визнання споживача.
District Administrative Court of City Kyiv has granted the claim filed by “Kinokvartal” Company against State Security Service of Ukraine, Ministry of Culture of Ukraine, and State Agency in Charge of Cinematography regarding a ban introduced for “Svaty” TV series.
While the Code of Ukraine on Bankruptcy Procedures (‘Bankruptcy Code of Ukraine’) is still awaiting the signature of the President of Ukraine, we continue analyzing the forthcoming changes and developments that will come with the launched bankruptcy law reform in Ukraine.
Під час роботи «Українського дому в Давосі» відбулась знакова дискусія на тему «Україна: сприятливий ґрунт для відповідального інвестування?», в якій взяли участь українські та іноземні інвестори, дипломати.
Как у практикующего юриста у меня неоднозначное отношение к институту ответственности за злоупотребление процессуальными правами в том виде, в котором он существует сейчас, поскольку, с одной стороны, он призван сделать судопроизводство более эффективным и прозрачным.
З 7 лютого вступили в силу зміни до законодавства України, які значно змінюють підхід до валютного регулювання.
Ukraine is one of the largest exporters in the world of a number of agricultural commodities.
Ukraine Davos Discussion Forum “Ukraine: Fertile Ground for Responsible Investment?” Was held in Davos, Switzerland, on the impact of enterprises with foreign investment on the Ukrainian economy.
Фіскальні органи помилково вважають, що перебіг такого строку починається з дня погашення платником повністю або частково відповідного грошового зобов’язання.
James Hart, Partner of Hillmont Partners, will moderate the discussion on investment in Ukraine, which will be held at the Ukrainian House Davos during the World Economic Forum in Davos (Switzerland).
Судові спори в оренді землі є дуже поширеною категорією справ.
In capacity of expert the Venice Commission of the Council of Europe Hillmont Partners’ Associate Partner Serhii Kalchenko participated in the workshop
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he partner of Hillmont Partners Serhii Kalchenko commented the Election Code project to the «Radio NV».
Hillmont Partners’ Partner Vadym Halaichuk and Associate Partner Serhii Kalchenko took part in the round table
Hillmont Partners’Associate Partner Serhii Kalchenko participated in the round table meeting devoted to the topic of “Protection of lawful interests in administrative adjudication”
Не минуло й півроку з моменту всім відомого скандалу з Facebook про витік даних мільйонів користувачів, як знову «запахло смаленим» – стало відомо про загрозу виникнення нового скандалу.
Как конфисковать активы вне уголовного производства, как это поможет в борьбе с коррупцией и какие для этого нужны законодательные изменения. Разбираем детально.
Розвиток телекомунікацій та доступність для більшої частини населення комп’ютерного обладнання й інших благ цивілізації призвели до того, що сьогодні великий обсяг інформації стало можливим отримати за лічені хвилини та не піднімаючись з крісла, тоді як ще десять років тому для отримання будь-якої довідки необхідно було витратити чимало часу на очікування у величезних чергах до відповідних фахівців та збираючи необхідні документи.
Финансовая мощь МВФ и других международных организаций, которые вложили миллиарды долларов в Украину, оказала впечатляющее влияние на состояние экономики страны.
Hillmont Partners’ Associate Partner Serhii Kalchenko represents the respondent before Rezekne Regional Court, the Republic of Latvia.
Новий Закон “Про товариства з обмеженою та додатковою відповідальністю” характеризується певною диспозитивністю, що викликає низку запитання, зокрема, що ж саме потрібно передбачити в статуті?
Hillmont Partners’ Senior Associate (Senior Lawyer) Oleksandr Salko attended a meeting of the Legal Committee of the American Chamber of Commerce
Hillmont Partners’ Senior Associate (Senior Lawyer) Oleksandr Salko took part in the Legal Committee Meeting
Hillmont Partners’ Associate Partner Serhii Kalchenko has become a member of the Working group on drafting a law to ensure representation of citizens in community’ councils, and representation of territorial communities in raion and oblast councils.
When I read enthusiastic analyses about Ukraine’s improving business environment, I wonder if I must be missing something.
I. #COVID-2019: NEURC Passes Extraordinary Resolution to Ease Obligations of Electricity Market Participants During the Quarantine Period
On 8 April 2020, the National Energy and Utility Regulatory Commission (“NEURC”) has adopted a new Resolution which temporarily introduces restrictions and obligations on electricity market participants (the “Special Measures”).
Поширення коронавірусу в Україні і в світі неминуче відбилося на економіці країн, призводячи до спаду ділової та економічної активності, зменшення обсягу виробництва та значно збільшивши попит на товари першої необхідності, товари протиепідемічного призначення та дезінфікуючі засоби.
On March 31, 2020, the Verkhovna Rada of Ukraine adopted draft law No. 2178-10 (hereinafter – the “Law”), which introduces a land market in Ukraine from July 1, 2021. This historic event will have significant consequences, both for individual citizens of Ukraine and for the country.
As the number of coronavirus cases reported in Ukraine increases, state authorities keep actively debating the necessity of introducing a State of Emergency in Ukraine to cope with the COVID-19 outbreak.
Over the last two weeks, the Ukrainian government introduced significant restrictions for business in Ukraine, commonly referred to as “quarantine” measures.
On March 20th, 2020, the Bolt taxi service company launched a joint social initiative with the Ministry of Infrastructure of Ukraine to transport hospital staff during quarantine.
In order to prevent the spread of coronavirus COVID-19 among the population of Ukraine, the Ukrainian Parliament recently adopted two laws No. 530-ІХ and No. 533-IX, which will significantly affect both business and the broader population in Ukraine. On March 17th, 2020 the President of Ukraine Volodymyr Zelensky signed the adopted laws and they were officially published. On March 18th, 2020 the laws entered into force.
The Ukrainian government continues to move on with its ambitious program of reforms aimed at the creation of a more business-friendly, transparent and flexible legal environment.
Sorry, this entry is only available in Ukrainian.
Key issues:
- Termination of an employment contract
- Changes in the organisation of production and labour
- Collective dismissal.
The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (hereinafter – MLI Convention) is an effective tool for signatory countries to make amendments to some or all of their double taxation treaties (hereinafter – DTT) concurrently.
James Hart will be moderating a panel discussion at Ukraine House Davos on the 22nd January to discuss the future of Ukrainian industry.
Tetiana Mylenka has joined Hillmont Partners as Counsel to lead the firm’s energy practice.
On October 23, 2019, the Cabinet of Ministers of Ukraine (hereinafter – CMU) adopted Resolution No.928 on amendments to Resolution No. 615 on the procedure for granting special permits for subsoil use, approved by the CMU on May 30, 2011. Resolution No.928 entered into force on November 21, 2019.
Hillmont’s James Hart spoke at Chatham House on the 5th December on a panel that considered the drivers of Ukraine’s economic growth.
Hillmont’s partner James Hart will be the speaker of the 3rd Annual Ukrainian Investment Roadshow, which will be held on December 2 in London.
Since 2001 the sale of agricultural land in Ukraine has been prohibited. Most land plots used in the agricultural sector are done so based on long-term lease agreements.
Raiding, or the illicit acquisition of property, has become one of the most critical bottlenecks of the Ukrainian economy and a major deterrent for investment. According to the statistics of the General Prosecutor Office of Ukraine, over the last seven years there were more than 3 200 raider attack incidents in Ukraine and, on average, about 400 raider attacks per year.
In September 2019 the Parliament of Ukraine commenced a large scale legislative overhaul of the country’s tax system through draft laws No.1208, No. 1080, No.1051, No.1057, No.1073, No.1053-1 and No.1210. Overall, these drafts attempt to unify tax innovations and to eliminate any contradictions in the tax system.
On 19 September 2019 the Parliament of Ukraine upheld the Draft Law No. 1070 On Amending Laws of Ukraine Regarding the Improvement of Conducting Financial Restructuring Procedure (‘the Law’), which was stated by the President of Ukraine to be urgent, and adopted it in its 2nd reading.
Національна комісія, що здійснює державне регулювання у сферах енергетики та комунальних послуг (НКРЕКП), є колегіальним органом, наділеним досить широкими повноваженнями
З огляду на проєвропейський рух національної судової практики компанії мають непогані перспективи для захисту ділової репутації від поширення недостовірної інформації
On the 16th of July 2019 the law “On ensuring the functioning of the Ukrainian language as the State language” №2704-VIII (hereinafter referred to as the “Law”) was adopted.
Oleksandr Ilkov joins Hillmont as a Partner and will contribute to the firm his extensive experience in the field of public affairs, legislative drafting and regulatory policy.
More information you may find here.
The National Bank of Ukraine (NBU) has announced the annulment of all restrictions on the repatriation of dividends.
The National Bank of Ukraine ( has abolished a rule that required businesses to exchange 30 of their foreign currency earnings into Ukrainian hrivnia ( on the currency exchange market on the day following receipt of foreign currency on their bank account in Ukraine The new regulation took effect on 20 June 2019.
In recent years, Ukraine has created favorable conditions for the development of green energy, most specifically by means of establishing the highest feed-in tariff among countries on the European continent.
Clearstream, the international central securities depository of Deutsche Börse Group ICSD) has connected Ukraine to its electronic network and made Ukraine’s government securities available for purchase in its system since May 27.
Ukraine is one of the members of the World Intellectual Property Organization (WIPO), and has ratified major international treaties in the field of Intellectual Property (IP) that are in effect in Ukraine.
В українській практиці після розлучення у 90% випадків дитина залишається проживати з матір’ю. Утім, батько також має право на зустрічі з дитиною.
According to the 2018 Law of Ukraine “On Limited Liability and Additional Liability Companies” (“the LLC Law”), the deadline for bringing the wording of Ukrainian LLC charters in compliance with the LLC Law will expire on 17 of June 2019.
Найскладнішим у справах про розлучення є не юридичні нюанси, не оформлення документів – найскладніше почати сторонам спілкуватися та почати домовлятися.
Коли люди говорять про “розірвання шлюбу”, вони мають на увазі вирішення цілого комплексу справ, в яких безпосередньо розірвання – найпростіше і найшвидше.
Надання правової допомоги клієнтам у резонансних справах завжди несе для юриста ризик самому потрапити під небажану та прискіпливу увагу, зокрема, правоохоронних органів, яка нерідко має своїм наслідком втручання у діяльність захисника.
On the 18th of March, associate partner Hillmont Partners Taras Tertychnyi gave a lecture for students of the Master’s Program at the Faculty of Law of the Kyiv-Mohyla Academy.
One of the biggest pain points here is the same old cross-cultural communication problem.
Global tendencies and intensively developing restructuring & bankruptcy legal environment across the globe make it impossible to stay aside from such processes. Ukraine is not an exception.
Валютне законодавство України зробило черговий крок до лібералізації.
Ukrainian banking regulation on cross-border transactions has been radically liberalized with the new Law of Ukraine “On Currency and Currency Operations” taking force on February 7, 2019.
К команде корпоративной практики Hillmont Partners присоединилась Анастасия Черноштан — специалист по аграрному праву.
Associate Partner of the firm Serhii Kalchenko participated in the seminar devoted to problematic aspects of adjudication of administrative cases pertaining to the electoral process of the regular election of the President of Ukraine, organized by the Cassation Administrative Court of the Supreme Court.
Promising lawyer, specialist in international financial and banking law, Olha Stakheyeva-Bogovyk became part of the Hillmont Partners team of professionals.
2018 рік був багатим на законодавчі зміни. Чимало з них були прохідними або тимчасовими, але були важливі — для перважної більшості українців та “нішеві”, які стосуються лише певних галузей.
In capacity of expert the Venice Commission of the Council of Europe Hillmont Partners’ Associate Partner Serhii Kalchenko participated in the round table
On the invitation of the Venice Commission of the Council of Europe Hillmont Partners’ Associate Partner Serhii Kalchenko participated in the training
Hillmont Partners lawyers advise individual clients in a dispute with a well-known international medical carrier.
Адвокаты Hillmont Partners успешно представляли заявителя по делу, в котором Европейский суд по правам человека установил нарушения прав человека.
Конкретизация механизмов определения оснований для отсрочки оплаты судебного сбора для юрлиц будет способствовать повышению эффективности судопроизводства, обеспечит возможность реализации права на судебную защиту.
Особливості надання згоди на використання персональних даних. «Так, я згодна!» – чи не найважливіша відповідь, яку сподівається почути будь-який чоловік лише єдиний раз у своєму житті. Та не про освідчення в коханні піде мова нижче.
Діючі процесуальні кодекси, які набули чинності з 15 грудня 2017 року, нарівні із звичними та добре знаними положення- ми містять ряд абсолютно нових норм, а також чимало положень, які зазнали еволюційних змін.
Hillmont Partners is delighted to announce that Taras Tertychnyi has joined its team as Associate Partner.
Hillmont Partners partnered with the Yalta European Strategy (YES), which was held in Kyiv on September 13-15.
Hillmont Partners efficiently represents Alixpartners (Ukraine) before the courts in the case brought by a plaintiff against the National Bank of Ukraine
У вказаній статті висвітлено специфіку застосування “факсиміле”, можливі ризики і шляхи їх мінімізації, а також, позиції судових та державних органів з цього приводу.
Юридична компанія Hillmont Partners вітає адвоката Єлизавету Герасименко з перемогою у конкурсі і переходом на роботу до Адміністрації Президента України.
17 июня 2018 года вступил в силу Закону Украины «Об обществах с ограниченной и дополнительной ответственностью» (далее – Новый закон).
Минулого тижня парламент ухвалив Закон про Вищий антикорупційний суд.
On the delegation of the Venice Commission of the Council of Europe Hillmont Partners’ Associate Partner Serhii Kalchenko participated in series of meetings
On May 17, 2018, a round table will be held on the recent decision of the European Court of Human Rights