NEWSLETTER

NOVEMBER 2012

BANKING & FINANCE

Ukrainian Authorities Take Steps to Ensure Stability of Ukrainian Currency

In order to prevent negative trends on Ukrainian foreign currency exchange market, the National Bank of Ukraine (the "NBU") was granted the rights (i) to introduce the mandatory sale of foreign currency proceeds; and (ii) to change the time-limits for payments under export and import transactions for a period of up to six months >>>


Ukrainian Law Improves Protection of Banks against Dishonest Borrowers

On 4 November 2012 the Law of Ukraine "On Amendments to Certain Legislative Acts Regarding Performance of Commercial Obligations" came into effect following its adoption by the Parliament on 2 October 2012 >>>

DISPUTE RESOLUTION

Developments of Court Practice in November

There have been several important developments in the practice of the higher courts of Ukraine released in November >>>

INTELLECTUAL PROPERTY

Changes in Procedure of Selection of Collective Management Organizations

On 17 October 2012 the Higher Administrative Court of Ukraine quashed the Decree of the Ministry of Education and Science No.1175 dated 22 December 2008 >>>


Amendments to the Data Protection Law

On 20 November 2012 the Ukrainian Parliament voted to accept all the President's amendments to the Law "On Amendments to the Data Protection Law" >>>

LABOUR LAW

Increased Sanctions for Violations of Rules on Employment of Disabled Persons

On 20 November 2012 Ukrainian Parliament adopted the Law "On Amendments to Certain Laws of Ukraine Regarding Employment of the Disabled Persons" >>>


Increase of Sanctions for Violations related to Employment of Foreign Nationals

On 29 November 2012 the President signed the Law "On Unified Demographic State Register and Ukrainian Citizenship Identity" >>>

SECURITIES

Forthcoming Changes in Securities Listing

On 23 November 2012 the National Securities and Stock Market Commission (the "Commission") adopted the resolution "On Approval of Regulation on Functioning of Stock Exchanges" >>>

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