Land auctions in Ukraine will pass through ProZorro Sales
Land auctions in Ukraine will pass through ProZorro Sales

Land auctions in Ukraine will pass through ProZorro Sales: a pilot project to launch electronic land auctions implemented by the Government team. Corresponding changes to the Resolution of the Cabinet of Ministers of June 21, 2017 No. 688 were made by Resolution No. 492 of…

Potential buyers can declare the state property of interest to them
Potential buyers can declare the state property of interest to them

The State Property Fund has determined the procedure for the submission and consideration of applications for the inclusion of state facilities in the lists of large or small privatization. The department has adopted the corresponding order on May 22, 2018 under No. 675 and it…

The procedure for bank secrecy disclosure was updated
The procedure for bank secrecy disclosure was updated

The National Bank of Ukraine updated the current Rules for Storage, Protection, Use and Disclosure of Bank Secrecy. The respective NBU Resolution was adopted on 19 June 2018, No. 66 and has already entered into force. From now on, banks shall provide data on transactions…

When buying property, you can use escrow accounts
When buying property, you can use escrow accounts

When concluding contracts for the purchase and sale of real property that are subject to notarial certification, the buyer may incur problems by depositing money in the notary’s deposit. To carry out such calculations, a notary opens a separate current account for settlements under sale…

The new currency exchange policy is to be introduced
The new currency exchange policy is to be introduced

The foreign currency exchange policy is to change.  The Presidential Draft Law No. 8152 “On Currency” was adopted as a basis by the Verkhovna Rada of Ukraine. The said will govern basic rules for foreign exchange regulation implementing as well as currency supervision. Therefore, it is intended…