NEWSLETTER

JULY 2013

BANKING AND FINANCE

Investment Funds are Now Entitled to Operate with the Rights of Claim under Loan Agreements

On 20 June 2013, the National Commission for Securities and Stock Market adopted Regulation No. 1102 "On Amendments to Certain Regulations of the National Commission for Securities and Stock Market" with effect from 9 August 2013 >>>


Ukrainian Parliament Allowed International Financial Organizations to Issue UAH-denominated Bonds in Ukraine

Law of Ukraine "On Amendments to the Law of Ukraine "On Securities and Stock Market" Regarding Issue of Bonds of International Financial Organizations" No. 400-VII dated 4 July 2013 was officially published on 7 August 2013 and will enter into force on 6 October 2013 >>>

DISPUTE RESOLUTION

New in Court Practice

A notable conclusion has been made by the High Commercial Court of Ukraine (the HCCU) upon consideration of the case on recovery of debt under the financial leasing agreement >>>


New in Proposed Law Amendments

Draft Law 2610a suggests introducing amendments to Article 267 "Implications of the Expiry of Statute of Limitation" of the Civil Code of Ukraine >>>

LABOUR LAW AND EMPLOYMENT

Procedure to Impose Fines for Violation of Legislation on Employment Has Become Effective

On 10 August 2013, the Procedure for Imposing Fines for Violation of Legislation on Employment approved by resolution of the Cabinet of Ministers dated 17 July 2013 No. 509 became effective >>>

PERSONAL DATA PROTECTION

Amendments to the Personal Data Protection Laws

On 24 July 2013, the President of Ukraine signed the Law of Ukraine "On Amendments to Certain Laws of Ukraine Regarding Improvement of Personal Data Protection System" >>>

PHARMACEUTICALS

New List of Pharmaceuticals Prohibited for Advertising

On 17 June 2013, the Ukrainian Ministry of Healthcare approved Order No. 514 on the new version of the List of Pharmaceuticals Banned from Advertising and Sale of Over-the-Counter Pharmaceuticals >>>


Amendments to Requirements on Outdoor Advertising of Pharmaceuticals

On 3 July 2013, the Ukrainian Ministry of Health issued Order No. 572 (the "Order") under which the Licensing Terms on Manufacturing, Wholesale and Retail Trade of Pharmaceuticals were amended >>>


Amendments to the Licensing Terms for Import of Pharmaceuticals

On 30 May 2013, the Ukrainian Ministry of Health issued Order No. 453 under which the Licensing Terms for Import of Pharmaceuticals were amended >>>

SECURITIES

New Rules for Depositary Activities

On 19 July 2013, Resolution No. 735 of the National Securities and Stock Market Commission approving a new regulation on carrying out of depositary activities became effective >>>

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