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Articles by Mykola Stetsenko
Ukraine
Corporate governance in Ukraine is primarily shaped by mandatory company law, sector regulation for regulated entities and state-owned enterprises (SOEs) and soft-law governance standards for listed companies.
Restriction of Access to Public Registers for Security Reasons: Key Changes Under Law No.
The Law introduces a special procedure for providing information from certain public electronic registers for the period of martial law and for one year after it is lifted.
Restriction of Access to Public Registers for Security Reasons: Key Changes Under Law No.
AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust. Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions. We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities. We incorporate the most advanced Western legal techniques and practices into our work.
New Law Adopted on Regulation of Share Premium in LLCs
Details 29 August 2025 Hits: 173 Ukraine Typography Smaller Small Medium Big Bigger Default Helvetica Segoe Georgia Times Reading Mode On 31 July 2025, Ukrainian Parliament adopted Law of Ukraine “On Amendments to Article 12 of the Law of Ukraine “On Limited and Additional Liability Companies”” (the “Law”), which regulates the existence and legal regime of additional capital (share premium) in limited and additional liability companies (“LLCs”).
New Law Adopted on Regulation of Share Premium in LLCs
In particular, the Law provides that: the charter of the company may provide for the creation of additional capital (share premium) at the expense of contributions made by its participants; such additional contributions do not change the nominal value of the participants’ participatory interests or the amount of the charter capital; the amount of the additional contribution is determined by the resolution of the general meeting of the company on the acceptance of the participant’s...
Amendments to Labor Relations Regulation During Martial Law: Key Points To Note
Details 25 June 2025 Hits: 212 Ukraine Typography Smaller Small Medium Big Bigger Default Helvetica Segoe Georgia Times Reading Mode On 14 June 2025, amendments to the Law of Ukraine “On the Organisation of Labour Relations under Martial Law” came into effect. Please note that the provisions of this law apply during the period of martial law. Below is a summary of the key changes.
Obligations Regarding Disclosure of Regulated Information Have Been Reinstated: What Issue
In particular, the Resolution repeals the Commission’s previous Resolution No. 98 dated 24 January 2024, which had temporarily exempted issuers from the obligation to disclose regulated information. Key changes for issuers: by 30 September 2025, issuers must disclose annual regulated information for the 2021-2024 reporting years and interim information for Q1 and Q2 of 2025; and starting from Q3 2025, regulated information must be disclosed in accordance with standard requirements.
Obligations Regarding Disclosure of Regulated Information Have Been Reinstated: What Issue
AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust. Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions. We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities. We incorporate the most advanced Western legal techniques and practices into our work.
List of Companies Eligible for Diia City Residency Expanded
Previously, among other qualified activities, the scope of research and development (the “R&D”) activities eligible for Diia City residency was limited to R&D in IT and telecommunications. Now, Diia City regime is available for companies engaged in R&D in any sector, including defence technologies, biotechnology, microelectronics, genetic engineering, etc.
List of Companies Eligible for Diia City Residency Expanded
On 21 February 2025, the Cabinet of Ministers of Ukraine, by Resolution “On Amendments to the List of Activities Encouraged by the Creation of Diia City Legal Regime” No. 204 (the “Resolution”), expanded the list of eligible activities for Diia City residency. Previously, among other qualified activities, the scope of research and development (the “R&D”) activities eligible for Diia City residency was limited to R&D in IT and telecommunications.
Corruption in Ukraine: Myths and Reality
(Editor’s note: This article is part of Just Security’s Symposium, “International Law in the Face of Russia’s Aggression in Ukraine: The View from Lviv.”) Corruption has long been a persistent challenge in Ukraine, undermining governance, public trust, and the economy.
Resilience and reforms: assessing key legal industry trends in wartime Ukraine
Since the onset of Russia’s full-scale invasion in February 2022, the Ukrainian legal sector has navigated through unprecedented challenges and undergone significant transformations, while at the same time continuing to play a crucial role in society. A number of key trends and important issues have emerged during this period that are shaping the legal landscape in the country.
Labour Law Changes: Impact of EU Directive on M&A Procedures
AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust. Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions. We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities. We incorporate the most advanced Western legal techniques and practices into our work.
Labour Law Changes: Impact of EU Directive on M&A Procedures
Definition of the “transfer of a business entity” For matters related to labour relations, the transfer of a business entity includes: change of ownership of the employer company; reorganisation of the employer company (merger, acquisition, transformation, division, or spin-off); change of the owner and/or user of the assets (their part) that form the organised group of resources used by the employer, while preserving the type of economic activity (“Transfer”).
Labour Law Changes: Impact of EU Directive on M&A Procedures
Details 29 May 2024 Hits: 167 Ukraine Typography Smaller Small Medium Big Bigger Default Helvetica Segoe Georgia Times Reading Mode On 15 May 2024, amendments to the Labour Code of Ukraine came into effect aiming to regulate the rights and obligations of parties in labour relations during a change of control over business. The Ukrainian parliament adopted such amendments to align Ukrainian legislation with EU Directive 2001/23/EC, dated 12 March 2001.
Law on Corporate Governance of State-Owned Enterprises Introduced
This Law will increase the transparency of their operations and create a more favourable environment for attracting private investment. Key provisions Supervisory boards Every SOE must introduce a two-tier management structure with a supervisory board if that SOE meets the criteria yet to be approved by the Government of Ukraine.
Law on Corporate Governance of State-Owned Enterprises Introduced
AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust. Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions. We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities. We incorporate the most advanced Western legal techniques and practices into our work.
Resilience in Ukrainian M&A Activity
Details 16 January 2024 Hits: 9 Issue 10.12 Typography Smaller Small Medium Big Bigger Default Helvetica Segoe Georgia Times Reading Mode As Ukraine is fighting off the brutal invasion by the Russian Federation, the Ukrainian M&A market is at its lowest point, at least in terms of the number of deals, since 2000. Still, interesting trends are emerging and there is great hope for a bright future.
Resilience in Ukrainian M&A Activity
The Activity of Local Buyers There is a growing activity among successful Ukrainian businesses that have adapted to the challenging circumstances in Ukraine and are now looking for potential strategic acquisitions. One such example is OKKO, one of Ukraine’s leaders in fuel retail, venturing into renewables. OKKO is actively looking to acquire energy production facilities in Ukraine and has a clear strategy for moving forward.
Ukraine: Building Up The Defense Tech Sector in Ukraine
Details 05 October 2023 Hits: 23 Issue 10.7 Typography Smaller Small Medium Big Bigger Default Helvetica Segoe Georgia Times Reading Mode Since the onset of the Russian invasion in 2014, and particularly since the full-scale invasion that began on February 24, 2022, Ukraine has found itself in the epicenter of a new and challenging reality. This ongoing conflict has sparked a remarkable surge in Ukraine’s defense technology sector.
Ukraine: Building Up The Defense Tech Sector in Ukraine
Details 05 October 2023 Hits: 152 Issue 10.7 Typography Smaller Small Medium Big Bigger Default Helvetica Segoe Georgia Times Reading Mode Since the onset of the Russian invasion in 2014, and particularly since the full-scale invasion that began on February 24, 2022, Ukraine has found itself in the epicenter of a new and challenging reality. This ongoing conflict has sparked a remarkable surge in Ukraine’s defense technology sector.
Ukrainian Government Approves Draft Law Defining Triggers For Employment Relationships
Ukraine: Ukrainian Government Approves Draft Law Defining Triggers For Employment Relationships 10 March 2021 Avellum To print this article, all you need is to be registered or login on Mondaq.com. Recently, the Ukrainian Government has approved a draft law aimed at addressing the issue of non-formalised employment (the "Draft Law").
Mykola Stetsenko: Remote work vs. socialization in age of coronavirus
Today, people often ponder over the effects of the coronavirus crisis, how it will change work habits, labor relationships, our need in office space, and the popularity of remote work. Let me add another factor to this list – the role of an organization in people’s lives. Let’s recall where people used to meet back in the day. 150 years ago, people would find their couple in the neighborhoods where they lived and worked.
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