With effect from 27 April 2014, the Law of Ukraine “On Ensuring Rights and Freedoms of Citizens and the Legal Regime in the Temporarily Occupied Territory of Ukraine” dated 15 April 2014 (the “Law”) entered into force. This Law sets out provisions governing the current legal regime in Crimea and the city of Sevastopol (together “Crimea”). We provide a summary of the key provisions of the Law with regard to business activities in Crimea in…
On 17 March 2014, the President of Ukraine issued the decree On Partial Mobilization. Further, on 1 April 2014, Law of Ukraine No. 1169-VII On Amendments to Certain Ukrainian Laws in Support of Mobilization came into force. The main provisions of the above legislative acts and the laws of Ukraine on mobilization in general are in our recent client alert.
Switzerland’s public prosecutor has announced recently that it was investigating associates of Ukraine’s former President, Mr Yanukovych for money laundering. The names of the alleged infringers have not been disclosed. The opening of these proceedings follow the recent freezing orders issued by Switzerland against the former Ukrainian President Yanukovych, his family and other associates closely connected to him. Read more about the recent measures taken by Switzerland, EU, US, Canada, Austria and Lichtenstein in this…
On 13 and 17 March, the German export control authority Bundesamt für Wirtschaft und Ausfuhrkontrolle (BAFA), announced that, as of 1 April 2014, both Russia and Ukraine will be excluded from the scope of all German national General Export Licences. This does not mean that it will be impossible to export controlled items to Russia or Ukraine in the future; however, for each export of military or dual-use items to Russia or Ukraine individual export…