President signs into law bill to streamline the process of privatization
04 Mar 2016
On 4 March 2016, the President of Ukraine signed into law Bill No. 1005-VІІІ "On amendments to some laws of Ukraine to streamline the process of privatization". The Bill was adopted by Parliament on 16 February 2016. The bill abolishes the mandatory sale through the stock exchange of 5-10 percent in enterprises prior to privatization, bans individuals and legal entities from an "aggressor country" from participating in privatization, allows the government to involve advisers in privatization, expands requirements for the disclosure of information on potential buyers and allows to settle disputes concerning the objects of privatization in the international court of arbitration.
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Entry and establishment (Ownership and control)
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