Publications

In-Depth: Corporate Governance is a useful overview of the corporate governance regimes in Ukraine.

On 25 July 2024, the Directive (EU) 2024/1760 on corporate sustainability due diligence (the Directive or CSDDD) came into force. It followed by several years of negotiations on the terms of the Directive, involving representatives of the EU Council, the European Commission, the European Parliament, the European Central Bank, and other participants.

The issue of illegal re-registration of shares in the authorised capital of limited liability companies (LLCs) has existed for a long time and, unfortunately, remains relevant.

Ukraine has moved to a hybrid corporate governance model. For years, businesses could only use the two-tier model, with the management and the supervisory boards strictly separated. Now companies can take advantage of the one-tier model with its flexibility and dynamics.

Since 1991, the Ukrainian economy has remarkably transformed from its Soviet model to a modern and free market one. Still, thousands of enterprises remain in state and municipal ownership. The Government is interested in handing over publicly owned assets to effective private owners for future investment and development.

Years of occupation of Ukraine by russia, whatever form it happened in, made Ukraine look close to russia in all senses to the rest of the world. International businesses considered this closeness as a marker to optimize operations in Eastern Europe. In management terms, it often resulted in direct reporting of Ukrainians to russian offices instead of headquarters. In legal terms, the result was often the corporate control of russian units of multinational corporations over Ukrainian units or other forms of control such as IP licensing...