Under paragraph 2 of Article 31 of the Law of Ukraine “On limited and additional liability companies” an annual meeting of the shareholders of a LLC shall be held within 6 (six) months following the report year. Otherwise stated, the LLC is to hold annually a general meeting of shareholders not later than the 30th…
Invoice template for Ukrainian freelancers
If you are the Ukrainian freelancer, or you are the foreign Customer, who orders the development services in Ukraine, you may use for free the invoice template, which we usually offer our clients. Please note that the Ukrainian legislations does not require the execution of the contract between Customer and the Executor. However the bank…
Representative office in Ukraine
Foreign companies, especially in the IT or engineering field, having business interests in Ukraine, not always establish subsidiaries in Ukraine. There are many business models where offices are opened and a team of private entrepreneurs are sitting there working for a foreign company under the international economic agreements. In these cases, the question arises whether…
Won an action in Supreme Court
The Ukrainian attorney-at-law Yevgen Zarudnyev (LL.M Eur (Dresden), PhD) won an action in the Supreme Court of Ukraine for the German company, applying debt collection from the Ukrainian company. The International Commercial Arbitration of the ICC (Ukraine) took a decision about debt collection from the Ukrainian industrial company for the delivered goods. However the Ukrainian…
Job offer: English-speaking lawyer
The law firm Zilver is looking for “Intern” or “Associate” with a good knowledge of English. If: You are a student of 4-5th course or graduated the law school in 2019-2020; You speak English (B1 or B2) and/or German; You want to join the Zilver law firm team; You are welcome so send us your…
Template of the Shareholders meeting about dividends distribution of the Ukrainian LLC
ПРОТОКОЛ № __ Загальних зборів учасників ТОВАРИСТВА З ОБМЕЖЕНОЮ ВІДПОВІДАЛЬНІСТЮ “АДВОКАТ КИЇВ” (надалі за текстом – «Товариство») Код ЄДРПОУ юридичний м. Київ …
Non-compete provision
Concluding agreements with foreign customers, many IT specialists have repeatedly come across a contract clause prohibiting the conclusion of similar contracts in the IT sphere within the duration of the contract or some period after its termination. This, of course, poses the question: How shall I work hereafter? After all, the customer does not provide…
About controlled foreign companies
From 01 January 2021, the issue of reporting and taxation of consolidated profits will become relevant for all Ukrainian citizens and Ukrainian companies that have shares in foreign companies, as defined in the Tax Code of Ukraine. What is a CFC (controlled foreign company)? CFC is a company registered in a foreign state or territory…
Approval of the company’s deal
If the price of the deal exceeds 50% of the net assets of the Ukrainian LLC, the director has to obtain the approval from the shareholders of such company. This rule is stipulated in the Art. 44 of the Ukrainian law “About limited liability company and company with additional liability” (the law). Most of the…
Divorce of Ukrainian and foreigner
Attorneys of the Zilver law firm obtained the decision of the court about divorce of Ukrainian citizen and foreigner. Court hearing was held without personal attendance of the foreigner. Courts decision here. Instagram here. Template of the claim about divorce here.