Business news from Ukraine


Verkhovna Rada Chairman Andriy Parubiy has signed the law on the High Anti-Corruption Court, passed by the parliament on June 7. “I want to take an opportunity to solemnly sign this law in your presence,” he said at a joint press conference with Speakers of the parliaments of Georgia, Irakli Kobakhidze, and Moldova, Andrian Candu, in Kyiv on Saturday. As reported, on June 7, the Verkhovna Rada, Ukraine’s parliament, approved at second reading and as a whole presidential bill (No. 7440) on the High Anti-Corruption Court.
Some clauses of this bill were changed before second reading as a result of consultations with the IMF. The most controversial clause concerned the decisive role of the public council of international experts in the selection of judges.
The law determines the procedure for holding a competition for the selection of anti-corruption judges.
According to the wording of the bill at the second reading, criminal proceedings against corruption crimes provided for in the commentary of Article 45 (1) of the Criminal Code of Ukraine, Article 206 (2), 209, 366 (1) of the Criminal Code will be subjected to the High Anti-Corruption Court (HACC).
The law enters into force on the day after its publication, with the exception of certain provisions that come into force with the commencement of the work of the High Anti-Corruption Court.