The new version of the law on joint-stock companies, proposed by lawmakers representing different parliamentary factions (bill No. 2493) will reduce the number of appeals in courts, but at the same time claims will concern more serious reasons, according to lawyers interviewed by Interfax-Ukraine.
“With regard to judicial practice, final conclusions can be drawn after the signing of the finalized law. But it is predicted that there will be fewer claims than now, but they will be on more significant occasions,” said Managing Partner at the Revealing Information law firm Alexander Keer.
Keer also said toughening the requirements for transparency of the activities of the supervisory boards of a joint-stock company, which is proposed by the bill, will narrow the range of opportunities for “avoiding” the law, which, in turn, will positively influence the number of complaints about violations.
In addition, Keer believes that changing the approach to dividing joint-stock companies into public and private, as well as the refusal to fix their types in joint-stock companies’ names will not significantly affect the business sector.
At the same time, he noted that an “institution of advisers,” which is proposed by the bill, indeed, can simplify the life of enterprises, but this institution will work only in a certain period of time.
“Positive is the simplification of the process of merging, joining, dividing, splitting, reorganizing a company, since this is not only a step towards simplifying a business, but also a step towards reducing the corruption component,” Keer said.
The Verkhovna Rada of Ukraine has postponed the introduction of the Euro 6 emission standard for cars during their production and import from 2020 until 2025.
Some 356 Members of Parliament voted in favor of bill No. 2078-1 as a whole with technical and legal amendments, while the minimum number of votes necessary for the adoption of the document was 226, according to an Interfax-Ukraine reporter.
The Ukrainian State Air Traffic Services Enterprise (UkSATSE) and the German company Thales Deutschland GmbH have signed an agreement to supply five sets of modern comprehensively targeted range-finding radio beacons, the UkSATSE said on its website. New beacons will be installed throughout Ukraine and will improve the quality of navigation services in the relevant areas of the airspace of Ukraine.
The project is funded by a credit from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB). Equipment was purchased in accordance with EBRD rules and procedures.
“The characteristics of all navigation devices installed by the UkSATSE comply with ICAO standards and recommended practices and the national certification requirements,” the report said.
The company also notes that the UkSATSE has been cooperating with the leading German manufacturer of air navigation equipment Thales for about 20 years.
Presidential bill No. 2300 on the abolition of a government monopoly on alcohol production from July 1, 2020, has passed its second reading and has been adopted as a whole. It was backed by 284 lawmakers, namely 229 MPs from the Servant of the People parliamentary faction, three from Batkivschyna, 19 from the Holos (Voice) Party, 14 from the For Future parliamentary group, and 19 independent lawmakers. Bill No. 2300 on amendments to the law on state regulation of the production and sale of ethyl, cognac and fruit alcohol, alcoholic beverages, tobacco and fuels provides for the abolition of a government monopoly on the production of alcohol from July 1, 2020.
In addition, the bill allows business entities – regardless of their form of ownership – to produce alcohol with an appropriate license, and also provides for the full liberalization of alcohol exports from Ukraine.
A license for the production of ethyl alcohol is issued to enterprises with established round-the-clock video surveillance systems for the production and distribution of products. Disabling video surveillance systems is the basis for the refusal to issue a license or its recall, the document says.
At the same time, to protect the local commodity producer, the bill provides that only state-owned enterprises authorized by the Cabinet of Ministers will be able to import ethyl alcohol until January 1, 2024.
In addition, the bill provides for a ban on commissioning new alcohol production facilities before July 1, 2021. It also introduces an obligation to maintain jobs at privatized enterprises at 70% of the total number of employees for this period.
The bill also introduces mandatory denaturation of bioethanol with petrol from 1-10% for use in the domestic market.
Ukrainian President Volodymyr Zelensky has announced a launch of the new state program dubbed “Come Back and Stay.”
“Dear Ukrainians, I said during my swearing-in ceremony that there are 65 million of us Ukrainians across the globe, and our country badly needs you, your knowledge, your talents and mental values. We very much want you to come home. We also want to see those who have unfortunately given up in despair and are planning to leave Ukraine stay here,” Zelensky said in a video address on his Facebook page on Tuesday.
Affordable loans for those who wish to start or expand their own business will be the first step under this program, the Ukrainian president said.
“The loan amount will be UAH 1.5 million for five years. There will be the following interest rates: 5% for an existing or new business that will create at least two jobs, 7% for a new or existing business with revenues below UAH 25 million that creates no jobs, but if you hire a new employee, the rate will be cut by 0.5% with every new worker hired; and 9% for anyone presently working with revenues from UAH 25 to UAH 50 million, who wishes to expand their business,” Zelensky said.
Detailed information about conditions and mechanisms to facilitate the program and about its further stages will be available soon, he said.
“We have a lot more interesting ideas. If you’ve been dreaming of opening your own coffee shop, or car service, or barber shop, or wishing to expand your convenience store, cheese dairy or furniture factory, basically, any kind of business, please do come back and stay […] Let’s build a successful and flourishing Ukraine. And let’s do it together!” Zelensky said.
Zelensky, who took office of Ukrainian president on May 20 this year, promised Ukrainian citizenship to all ethnic Ukrainians across the globe willing to work for the benefit of the nation.
Official rates of banking metals from national bank as of December 04
One troy ounce=31.10 grams
