Russian-Ukrainian Legal Group, P.A.

Kiev, Ukraine; Washington, DC, USA

 

 

Chronicle of Recent Developments in Ukrainian Legislation

 

 

JANUARY 2003

 

 

Intellectual Property

 

Securities

 

Customs and International Trade

 

Money Laundering

 

Privatization

 

Specific Sectors of the Economy/Miscellaneous

 

Taxation

 

 

 

 

The “Chronicle of Recent Developments in Ukrainian Legislation” is a monthly summary of the most important legislative developments in Ukraine in the area of business and corporate law, and is prepared, published and distributed by the Russian-Ukrainian Legal Group as a free service to our clients.   The Chronicle will be distributed only via e-mail, in English and Russian, by the middle of each month, and will summarize the legislative developments of the previous month.  The Chronicle is prepared in an effort to capture news of greatest interest to the widest cross-section of our firm’s clientele, without restating all legislation published and drowning our readers in too much information.  Due to the winnowing process necessary when preparing the Chronicle, we cannot and do not guarantee that it contains a comprehensive list of all Ukrainian legislation relevant to your business. Finally, please bear in mind that this summary does not constitute legal advice; it is an informational service only.  Should you like to receive further information or actual legal advice, please do not hesitate email us at chronicle@rulg.com.


Intellectual Property

 

1.            Cabinet of Ministers of Ukraine Resolution No. 72 dated 18 January 2003 “On Approving Minimum Compensation (Royalty) Rates for the Use of Objects of Copyright and Neighboring Rights”.  This Resolution sets minimum copyright (royalty) rates for the public performance, display, broadcast, or retranslation (rebroadcast) of scientific, literary, and artistic works.

 

2.            Cabinet of Ministers of Ukraine Resolution No. 71 dated 18 January 2003 “On Approving Compensation (Royalty) Amounts for the Use of Phonograms and Videograms Published for Commercial Purposes, and the Procedure for Their Payment”. This Resolution’s title is self-explanatory.

 

Securities

 

3.         State Commission on Securities and the Stock Market Decision No. 2 dated 3 January 2003 “On Establishing a Single Format for Electronic Information Exchange Between Participants in the Securities Market and the State Commission on Securities and the Stock Market”.  This Decision sets the format for electronic information exchanges in DBASE-IV using a RUS cp866 code page. It also calls for advance recoding of the Ukrainian letter “і” to match the Latin alphabet letter “i”.

 

Customs and International Trade

 

4.         Law of Ukraine No. 348-IV dated 24 December 2002 “On Amending the Customs Code of Ukraine”. This Law sets a 1 January 2004 date of entry into force for the Customs Code of Ukraine, which was passed as Law No. 92-IV dated 11 July 2002.

 

5.            Cabinet of Ministers of Ukraine Resolution No. 92 dated 18 January 2003 “On the Entry into Force of Several Acts of the Cabinet of Ministers”.  This Resolution lists the binding legal acts that will enter into force on 1 January 2004.  All of the binding legal acts listed, relate to customs regulation.

 

Money Laundering

 

6.            Cabinet of Ministers of Ukraine Resolution No. 43 dated 16 January 2003 “On Approving the Agreement between Ukraine and the Kingdom of Spain on Cooperation in the Area of Combating Crime”.  This Agreement was signed on 7 November 2001.  Among the crimes that the two states agree to cooperate in combating, are terrorism, crimes against human life and health, crimes committed using information technology, money laundering, etc.

 

Privatization

 

7.         State Property Fund of Ukraine Order No. 87 dated 21 January 2003 “On Approving the List of Group E Objects Subject to Privatization in 2003”. This Order contains the official list of Group E objects that will be put up for privatization sale, wholly or partially, this year. Group E objects comprise individually defined property, including both: (i) property that has not yet been placed in the charter fund of a company and (ii) shares (ownership interests, equity stakes), owned by the State, in the charter funds of companies.

 

Specific Sectors of the Economy / Miscellaneous

 

8.            Cabinet of Ministers of Ukraine Resolution No. 82 dated 18 January 2003 “On Approving the List of Specific Types of Waste as Secondary Raw Materials, the Income of State-Procurement Enterprises, the Sale of Which Is Tax Exempt While Calculated Amounts of Value-Added Tax Payable to the Budget for the Operation of Selling Them Remains at the Disposal of the State-Procurement Enterprises and Are Used by Them to Acquire Material and Technical Resources for Production Purposes”.  Among many other things, this Resolution classifies polymer wastes and used petroleum products as secondary raw materials.

 

9.            Cabinet of Ministers of Ukraine Resolution No. 35 dated 16 January 2003 “On Approving the Registration Procedure for Physical Persons at Their Place of Residence”.  This Decree describes the registration procedures mandatory for Ukrainian citizens, foreigners and stateless persons.

 

10.            Ministry of Foreign Affairs of Ukraine Order No. 11 dated 13 January 2003 “On Approving Regulations on Accreditation for Employees of the Diplomatic and Consular Establishments of Foreign Governments, International Organizations and their Representative Offices, and Other Foreign Organizations.”  The Regulations approved by this Order state what kinds of persons require accreditation and lay out the accreditation procedures, the types of accreditation cards to be issued, accreditation deadlines, etc.

 

11.      State Committee on Regulatory Policy and Enterprise Order No. 1/5 dated 9 January 2003 “On Declaring General Order No. 2/20 of the Licensing Chamber of Ukraine and the Ministry of Industrial Policy of Ukraine dated 18 January 2000 Devoid of Force”.  General Order No. 2/20 was titled “On Approving the Instructions on the Conditions and Rules for Carrying Out Business Activity (Licensing Conditions) of Enterprises–Manufacturers Associated with Circulation (Except Importation into Ukraine and Exportation from Ukraine) of Precursors Listed in List 2 of Table IV of the List of Narcotics and Psychotropic Substances and Precursors the Circulation of which is Related to an Activity that Must be Licensed, and On Supervising Their Observance”. The present Order No. 1/5 annulled it in accordance with the provisions of Law No. 1775-ІІІ dated 1 June 2000 “On the Licensing of Certain Types of Economic Activity”.

 

Taxation

 

12.      State Tax Administration of Ukraine Order No. 26 dated 24 January 2003 “On Approving Tax Explanations”.  This Order explains the procedure for accounting for funds accepted and paid back pursuant to a revolving loan.