Preface
About the Authors
Chapter I
Political and Legal System
1.1. Background
1.2. Structure and Division of the State Power
1.2.1. Legislative Branch
1.2.2. Executive Branch
1.2.3. Judicial Branch
1.2.4. President of Ukraine
1.3. Sources and Hierarchy of Laws
1.3.1. Inadequacies of the legal system
Chapter II
Judicial System
2.1. Overview
2.2. Principles of Administering Justice and Judicial Proceedings
2.3. Structure of the Judiciary System
2.4. Courts of General Jurisdiction
2.4.1. Local Courts
2.4.2. Courts of Appeals
2.4.3. Cassation Court of Ukraine (Court of Review)
2.4.4. Higher Specialized Courts
2.4.5. Supreme Court of Ukraine
2.5. Constitutional Court of Ukraine
2.6. Procuracy
Chapter III
Contract Law and Civil Code
3.1. Contract Law and Civil Code of Ukraine
3.2. Concept of Obligation
3.2.1. Multiple Parties
3.2.2. Origin of Obligations
3.2.3. Change of Parties
3.2.4. Termination of Obligations
3.3. Law of Contracts
3.3.1. Contracts
3.3.2. Content of a Contract
3.3.3. Formation of Contracts
3.4. Types of Contracts
3.4.1. Sales Contract
3.4.2. Exchange Contract
3.4.3. Works Contract
3.4.4. Contract of Carriage
3.4.5. Lease Contract
3.4.6. Contract of Agency
3.4.7. Contract of Commission Agency
3.4.8. Joint Operations Contract
3.5. Other Contracts
3.6. International Treaties
Chapter IV
Property Law and Intellectual Property
4.1. Property Legislation
4.1.1. Forms of Property
4.1.2. Enforcement of Ownership Rights
4.1.3. Termination of Ownership Rights
4.1.4. Protection of Ownership Rights
4.2. Ownership of Land
4.2.1. Changes Brought by the New Land Code
4.2.2. Land Ownership
4.2.3. Sale of Land Plots in the State or Communal Property to Residents
and Non-Residents
4.2.4. Lease of Land
4.3. Real Estate
4.4. Intellectual Property
4.4.1. Overview
4.4.2. Copyright and Related Rights
4.4.3. Trademarks and Service Marks
4.4.4. Inventions and Utility Models
4.4.5. Ukraine – U.S. Relations in the Area of Intellectual Property Protection;
CD Piracy Issue
Chapter V
Secured Transactions and Pledge
5.1. Overview
5.2. Pledge
5.2.1. Insurance of pledged property
5.2.2. Formal Requirements for a Pledge Agreement
5.2.3. Registration of Pledge
5.2.4. Right to Dispose the Pledged Property
5.2.5. Pledge of Property Rights
5.2.6. Pledge of Securities
5.2.7. Pledge of Shifting Stock of Merchandise
5.2.8. Execution Against Pledge
5.3. Mortgage
5.4. Conflict of Law Provisions
5.5. International Treaties
Chapter VI
Foreign Investments
6.1. Investment Opportunities in Ukraine
6.2. Investment Legislation
6.3. Foreign Investment Legislation
6.4. State Regulation
6.5. Investments Definition
6.6. Foreign Investment Guarantees
6.7. Forms of Foreign Investments
6.7.1. Joint Ventures
6.7.2. Representative Office
6.7.3. Concessions Agreements
6.7.4. Foreign Investments Without Establishing Legal Entities
6.8. Registration of Foreign Investments
6.9. Licensing
6.10. Investments in Free Economic Zones
6.11. Dispute Resolution
6.12. Taxation of Foreign Investment
6.13. International Treaties
6.14. Participation in International Integration Processes
Chapter VII
Business Organizations and Company Law
7.1. Business Environment in Ukraine
7.2. Business Legislation
7.3. Ukrainian Concept of Legal Personality
7.4. Types of Business Organizations
7.5. Business Associations
7.5.1. Joint Stock Companies
7.5.2. Limited Liability Companies
7.5.3. Additional Liability Companies
7.5.4. Full Liability Companies
7.5.5. Differentiated Liability Companies
7.6. Other Forms of Business Organizations for Foreign Investors
7.7. Wholly Foreign-Owned Subsidiaries
7.8. Representative Office
7.9. Cooperatives
7.10. Industrial and Financial Groups
7.11. Registration of Business Organizations
7.12. Business Licensing
7.13. Perspective Legislation
Chapter VIII
Banking
8.1. Banking System in Ukraine
8.2. Banking Regulations
8.3. The National Bank of Ukraine
8.4. Commercial Banks
8.5. Commercial Banks with Foreign Capital
8.6. Commercial Banks’ Groups
8.7. Participants of a Bank
8.8. Registration of a Bank
8.9. Registration of a Bank with Foreign Capital
8.10. Essential Participation
8.11. Preliminary Authorization for Establishing of a Bank with Foreign Capital
8.12. Refusal to Register
8.13. Capital Requirements
8.14. Licensing of Banking Operations
8.15. Investments Limitations
8.16. Limitations of Large Loans
8.17. Affiliated Persons
8.18. Mandatory Reserves Requirements
8.19. Fund for Guarantee of Natural Persons’ Deposits
8.20. Management of a Bank
8.21. Branching
8.22. National Bank Supervision
8.23. Banking Secrecy
Chapter IX
Securities and Stock Exchanges
9.1. Securities Market in Ukraine
9.2. Securities Legislation
9.3. State Regulation
9.4. Institutional Regulation
9.5. Securities Definition
9.5.1. Shares (Stocks)
9.5.2. Bonds
9.5.3. Treasury Bonds
9.5.4. Saving (Deposit) Certificates
9.5.5. Promissory Notes / Bills of Exchange
9.6. Registration of Securities Issuance
9.7. Underwriting
9.8. Disclosure Requirements
9.9. Trade in Securities
9.10. Circulation of Securities Issued in Electronic Form
9.11. Professional Activities on Securities Market
9.11.1. Licensing of Securities Market Professional Activities
9.11.2. Licensing Requirements
9.11.3. Licensing of Securities Trader Activity
9.11.4. Licensing of Depositary Activities
9.11.5. Licensing of Custodian Activity
9.11.6. Licensing of Clearing-Settlement Activity
9.11.7. Licensing of Registration Activities
9.11.8. Licensing of Organized Markets
9.11.9. Branching
9.11.10. Restrictions for Securities Traders
9.11.11. Qualification Requirements
9.12. Stock Exchanges
9.13. State Supervision
Chapter X
Insurance
10.1. Overview of Insurance Sector
10.2. Regulation of Insurance
10.3. Types of Insurance
10.4. Insurable Interests
10.5. Insurers
10.5.1. Requirements to Authorized Fund
10.5.2. Conditions Ensuring Solvency of Insurance Companies
10.6. Reinsurance
10.7. Insurance Intermediaries
10.8. Insurance Contracts
10.9. Insurance Licensing
10.10. State Supervision
10.11. Taxation of Insurance Activity
Chapter XI
Bankruptcy
11.1. Bankruptcy Legislation
11.2. Current Bankruptcy Regime
11.3. Participants to Bankruptcy Proceedings
11.3.1. Debtor / Bankrupt
11.3.2. Creditors
11.3.3. Arbitration Administrators
11.3.4. Other Participants
11.4. Types of Proceedings
11.5. Out-of-Court Remedies
11.6. Main Stages of Court Proceedings
11.6.1. Filing a Bankruptcy Petition
11.6.2. Launching Bankruptcy Proceedings
11.6.3. Administration of Debtor’s Assets
11.6.4. Preparatory Court Hearings
11.6.5. Meeting of Creditors
11.6.6. Preliminary Court Hearing
11.6.7. Launching Sanation Proceedings
11.6.8. Sanation Proceedings
11.6.9. Composition (Amicable) Agreement
11.6.10. Liquidation Proceedings
11.6.11. Sale of Debtor’s Assets
11.6.12. Satisfying Creditors’ Claims
11.7. Case Dismissal
11.8. Bankruptcy of a Bank
11.9. Peculiarities of Bankruptcy Proceedings
11.10. International Treaties
Chapter XII
Taxation
12.1. Taxation System of Ukraine
12.1.1. Existing Problems
12.2. Profit Taxation of Enterprises
12.2.1. Taxpayers
12.2.2. Company Tax Rates
12.2.3. Company Tax Base
12.2.4. Tax Calculation and Payments by Ukrainian Companies
12.2.5. Non-Resident Companies’ Taxation
12.2.6. Repatriation Tax
12.3. Value Added Tax
12.3.1. VAT Payers
12.3.2. Taxable Transactions and VAT Rates
12.3.2.1. Transactions subject to VAT at 0 Percent Rate
12.3.2.2. Transactions subject to VAT at 20 Percent Rate
12.3.2.3. VAT Exempt Transactions
12.3.2.4. Transactions Not Subject to VAT
12.3.3. VAT Refund
12.3.4. Reporting Requirements
12.4. Customs Duties
12.4.1. Exemptions
12.5. Excise Duties
12.6. Taxation of Natural Persons
12.6.1. Taxable Income
12.6.2. Payroll Taxes
12.6.3. Tax-Exempt Income
12.7. Double Taxation Treaties
12.8. Simplified Taxation System
Chapter XIII
Trade Regulations and Competition Rules
13.1. State Control over Business
13.2. Competition Regulation
13.2.1. Forms of the State Control over the Economic Competition
13.2.2. Anti-Monopoly Committee
13.2.3. Control over Concentrations
13.2.4. Perspective Legislation on Competition
13.3. Customs Regulations
13.3.1. Types of Customs Procedures (Regimes)
13.3.2. Stages of Customs Procedure
13.3.3. Operations with Give-and-Take Raw Materials
13.3.4. Customs Tariffs
13.3.5. State Customs Service of Ukraine
13.4. Export/Import Rules
13.5. Barter Regulations
13.6. Currency Regulation
13.7. Environment Regulation
Chapter XIV
Dispute Resolution
14.1. Legal Frameworks
14.2. System of Economic Courts
14.2.1. Local Economic Courts
14.2.2. Economic Courts of Appeal
14.2.3. Higher Economic Court of Ukraine
14.2.4. Supreme Court of Ukraine
14.3. Enforcement of Awards of Economic Courts
14.4. International Arbitration
14.4.1. International Economic Arbitration Court in Ukraine
14.5. Dispute Prevention Rather Than Resolution
Chapter XV
Miscellaneous
15.1. Consumer Protection
15.2. Administrative Penalties in Trade Area
15.3. Economic Crimes in Criminal Code
15.4. Crimes in the Sphere of Ecology
15.5. Labor Relations
15.5.1. Licensing Regime for Foreign Employees of Russian Enterprises
15.5.2. Trade Disputes
15.5.3. Strike
Appendix: Constitution of Ukraine
Index
