The labor legislation of Ukraine does not provide for such term as “trade secret agreement” (NDA), therefore, the general provisions of Ukrainian law shall be used. Many Ukrainian companies have adopted the experience of foreign and international companies and conclude agreements with employees on non-disclosure of trade secrets (similar to non-disclosure agreement). This makes possible…
Withdrawal of a shareholder from a limited liability company (TOV) in Ukraine
A shareholder, whose share in the authorized capital of a limited liability company is less than 50%, shall have the right to leave the company at any time, regardless of the consent of other members and the company itself. If a shareholder of a limited liability company (TOV) owns a share in the authorized capital…
Company’s labor protection in Ukraine
According to Article 15 of the Law of Ukraine “On Labor Protection”, a labor protection service shall be establish at each company. The bodies of the State Labor Service of Ukraine perform state supervision over labor protection. The inspectors shall have the right to conduct scheduled and unscheduled inspections of all enterprises. The issue of…
Lease of property in Ukraine
Change of amount of rent The lease payment may be changed only by agreement of the parties. In addition, the lease agreement may define a mechanism for the revision of the amount of rent. Any change of economic situation, exchange rates, etc. shall NOT be the ground for revising the amount of rent, except as…