Global Crisis
Hub & Resource Center

On 16 April 2020, the National Securities and Stock Market Commission (the Commission) approved by its Decision No. 196 the Temporary Procedure for Calling and Remote Holding of General Meeting of Shareholders and General Meeting of Corporate Investment Fund Participants (the Temporary Procedure), for application of relevant rules to the general meetings of shareholders (the Meetings) during the quarantine introduced to prevent spread of the coronavirus disease (COVID-19) (the COVID-19 Quarantine)...

On 30 March 2020, the Ukrainian Parliament adopted the Law "On Amendments to Certain Legislative Acts Aimed to Ensure Additional Social and Economic Guarantees Due to the Coronavirus Disease (COVID-2019) Spread" (the Law), which introduces to the Ukrainian legislative environment new complex rules aimed at minimizing the negative impact of the spread of the COVID-19 in Ukraine. The below summary focuses on key changes introduced by the Law...

Due to introduction of restrictive measures in the territory of Ukraine during the quarantine period, the National Bank of Ukraine (hereinafter the "NBU"), by its Resolution No. 39 dated 26 March 2020 (the "Resolution"), introduced special rules for application by the banks of Ukraine of the requirements of the Regulation on determination by banks of Ukraine of the credit risk on active banking operations, approved by the Resolution of the Board of the NBU No. 351 of 30 June 2016...

  On 18 March 2020, the President of Ukraine signed a new law that introduces social tax, land, and property tax incentives during  the quarantine period to include tax exemptions, postponement of tax audits and possibility to postpone tax payments. By possibility of postponement we mean that statutory deadlines for payment are not changed, but payment can be delayed with no penalty and interest...

  Below is a summary of key regulatory measures and restrictions introduced by Ukraine in response to a public health challenge caused by COVID-2019. This update speaks only as of its date. As the situation is highly dynamic, we encourage our clients to approach us directly for an up-to-date guidance. Immigration Foreign citizens are temporarily banned from entering Ukraine. Exceptions: foreign citizens having permanent or temporary residence in Ukraine, spouses and children of Ukrainian nationals, diplomatic and consular staff, employees of international organizations and their family members, drivers and supporting staff of cargo vehicles...