ALTERNATIVE METHODS OF DISPUTE RESOLUTION ARE INCREASINGLY COMMON IN THE UKRAINIAN JURISPRUDENCE. IT RESULTS FROM THE DESIRE OF BUSINESS NOT TO WASTE PRECIOUS TIME AND LOSE HUMAN AND FINANCIAL RESOURCES. Legal wrangle imposes many financial costs on the parties to a trial: court fee, forensic examinations and lawyer expenses. Sometimes legal proceedings linger on for years, and contested property/funds no longer cover the expenses incurred during a trial. For example, for legal entities a mere court fee is 1.5% of claim amount, an appeal will cost 150% of the rate paid at the trial level, a cassation will be 200%. An...
Continue readingOlha DRACHEVSKA: “Export matters are now among priorities of legal support that we provide to our customers” “Incolanse” law firm is well-known in business circles not only in Ukraine, but also far from boarders thereof. By their persevering work since year 2013, the lawyers of this company become reliable support for both Ukrainian and foreign companies. We managed to catch the founder and managing partner of the company, Ms. Olha DRACHEVSKA in her tight business schedule to discuss the “hottest” matters of the businessmen’s requests. To take advantage of the opportunity, we also received her comment on the Order No. 85...
Continue readingAgreat number of registers with thousands of gigabytes of data were created over the years of independence of Ukraine. However, in order to receive certain information, one must personally make a request to the institutions and relevant authorities. The system requires simplification; thus, in 2017, the Cabinet of Ministers adopted the “Concept of Developing E-Democracy in Ukraine and Action Plan for Its Implementation.” The aim of the Concept is to engage the citizens to collaborate with the state authorities in order to develop public self-organization and self-governance. The Concept implementation is expected to be fulfilled until 2020. It is important to...
Continue readingUN Convention on International Settlement Agreements Resulting from Mediation On August 7, 2019, in Singapore, Ukraine signed and joined the UN Convention on International Settlement Agreements Resulting from Mediation. The Convention is intended to facilitate the fulfillment of any agreement settled resulting from international commercial disputes' mediation. It helps to implement the tools of recognition and enforcement of decisions made in mediation, like those provided by the New York Convention on Recognition and Fulfillment of Foreign Arbitrary Resolutions, 1958. It shall also be applied to international agreements settled via the mediation of commercial disputes between two companies from different member states of...
Continue readingThe implemented single account for the payment of customs duties (hereinafter referred to as a single account) will facilitate and modernize the mechanisms of export and import potential increase of the country. Decision was adopted and confirmed by the Ministry of Finance as of 1 November 2017, No. 898. Thus, since 18 March 2019, the enterprises were able to transfer advanced payments to a single account. However, already on 16 April 2019, the SFS Customs’ account for the enterprises advanced payments was blocked though the payments were still to be transferred to a single account. Hence, the enterprises got an opportunity...
Continue readingElectronic signature is an electronic data which is added by a signatory to other electronic data or is logically connected with them and used as a signature. Finally, Act of Ukraine “On Electronic Trust Services” dated October 5, 2017 No. 2155-VIII entered into force on November 7, 2018. The law gives Ukrainian citizens the opportunities to get public services not only in Ukraine but also on the EU territory. First of all, this law repeats basic statements of EU Regulation 1999/93/EU and aims at Ukraine’s entry into the European Union digital ecosystem. One of the most important statements of the Law No. 2155...
Continue readingUkraine – Qatar: new impulse Diplomatic relations between Ukraine and Qatar have been rapidly developing since 1993. In recent years, a number of agreements on countries collaboration in energetic, agrarian, and technological spheres have been signed. During 2017-2018, economic collaboration between the countries has increased by 4,3 times. In 2013, an embassy of Republic of Qatar has been opened in Ukraine. One of the top-priority growth directions of relations between Ukraine and Qatar is diversification of natural gas supply. Currently, negotiations concerning liquefied natural gas supply with Qatar administration are in process. 90% of food products market of Arab countries...
Continue readingUkraine’s economy is constantly developing both in the import and export. 2017 showed the openness of the European market for Ukrainian goods and the increase of export volumes in Ukraine. Among many European countries, France is a permanent and reliable partner. The INCOLANSE Law Firm has been fruitfully cooperating with French business since its inception, representing its interests in Ukraine, and helping Ukrainian entrepreneurs to organize their work in France. Over 2017-2018 period, the number of our customers who have been importing the French wine into Ukraine has increased. This contributed to a great extent the level of exchange rates, which...
Continue readingOlha DRACHEVSKA: “Export matters are now among priorities of legal support that we provide to our customers”.