The official representative offices, distributors of foreign companies (goods) try to limit the import of their goods by “grey” or “black” suppliers into the customs territory of Ukraine. Besides the opening of criminal investigations and complaints against sellers in the domestic market, the Ukrainian legislation allows restricting the import of “grey” goods into the customs…
Supply contract template
If you need a supply contract template for business with Ukrainian company you are welcome to use the template form the Zilve raw company. Our lawyers team believes that each contract has to be individual, but for somme cases samles are very usefull. A checklist with the necessary data for developing an individual supply agreement…
Annual meeting of the LLC shareholders
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…
Annual meeting of the LLC shareholders
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…
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 …
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…
Filing and confirmation of beneficial owners of Ukrainian companies
According to the Ukrainian anti-laundering law and Ukrainian law about registration of companies, each Ukrainian entity has to file information about its beneficial owners and structure of its ownership (template of the structure is set out by Ukrainian Ministry of Justice). Moreover, each Ukrainian company is obliged to confirm such information annually. If the foreign…
Payment of dividends in foreign currency
Those Ukrainian companies that are planning to pay out dividends to non-resident-participants/shareholders shall take into account the peculiarities of the Ukrainian legislation. In particular, the National Bank of Ukraine may impose currency restrictions, i.e. payment of dividends may be made only in certain amounts, for a certain period, etc. If there are no such restrictions,…
Arbitration clause: legal aspects in Ukraine
Those enterprises that work with Ukrainian companies shall take into account some peculiarities of the Ukrainian legislation on the procedure of judicial settlement of disputes between Ukrainian and foreign companies. According to Article 76 of the Law of Ukraine “On International Private Law”, the courts may accept and consider cases with foreign elements in the…
Legal services for companies: how to establish work with Ukrainian lawyers?
Legal support for any company (business) can be organized by hiring a lawyer on a full-time basis (setting up a legal department) or receiving legal services from a law firm (on the terms of outsourcing). It is natural that sometimes both options of working with lawyers are used simultaneously and are advisable. Forms of…