Legal Alert: Ukraine overhauls its currency laws to attract foreign investment

July 6, 2018

On 4 July, 2018 the President of Ukraine signed the Law "On Currency and Currency Operations" (“the “Law”) which is aimed to replace an outdated Decree "On the System of Currency Regulation and Currency Control" which had been  in force since 1993. It is expected to be the opportunity to carry out a long-awaited transition from obsolete and intricate currency regulation to the freedom of currency transactions without restrictions.

 

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This publication is for informational purposes only. If you would like to learn more or seek legal advice, please contact one of the following or your usual Nobles contact:

 

Volodymyr Yakubovskyy (partner), Olena Stanishevska (senior associate)

 

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Nobles is a full-service corporate law firm that advises public and private companies, banks, financial institutions, private equity firms, funds, investment banks, government entities and private high-net individuals in multiple industrial sectors and practice areas of Ukrainian and international business law. The firm's main practice areas are antitrust & merger control, banking & finance, corporatedistribution and franchising, mergers & acquisitions, employment, insolvency and restructuring, intellectual property, litigation & dispute resolution, real estate & land lawtax.