The National Bank will have to repel the attack of “zombie banks”

In the Ukrainian banking system “zombie banks” may appear, which will have an uncertain legal status and operate outside the legal field. Their only argument for life and functioning is a judicial decision that revokes the NBU resolution on recognizing…


Mortgage investments of the collateralized property market

We can notice quite an obvious trend of activating mortgage in the conditions of further fall in prices on the real estate market. In particular, it’s related to the collateralized property. There are notable prerequisites indicating that the market is…



If to launch the land market, it will be a global tectonic shift for Ukraine – economic, ideological and political shift. This process looks rather inevitable. Indeed, in the Memorandum concluded with the IMF there is a requirement to launch…


Roadmap for UK investments into Ukraine

The Investment Forum “The Ukrainian Investment Road Show”, which ended in London, measured the level of our investment claims and their perceptions in the world. This interest may not be as high as we would like it to be. Ukraine…


Top managers of “PrivatBank” could face criminal cases to be initiated against them

A third party may be involved in negotiations on the terms of restructuring and recovery of soured loans from the former owners of “PrivatBank”. And this third party can radicalize the communication of the current owner of the bank –…


Australia: Do I need a Shareholder’s Agreement? Lessons from a burger bun fight

Last Updated: 12 December 2016 Kemp Strang Lawyers Putting in place a Shareholders’ Agreement when you start a business can significantly reduce the risk of costly disputes between business partners, as the recent case between the owners of Grill’d, a…


Cyprus: Income Tax Treaty Between Cyprus And Latvia Signed

Last Updated: 6 December 2016 Article by Andri Christodoulou Eurofast Global Ltd Signed on the 24th of May 2016, the first Cyprus – Latvia Double Tax Treaty was ratified on the 3rd of June 2016. Details of the treaty became…


Cayman Islands: Comments Invited on Legislation to Create Beneficial Ownership Platform

Last Updated: 1 December 2016 Cayman Islands Government The public is invited to submit comments on the Companies (Amendment) Bill, 2017, a key legislative amendment that would allow Cayman to develop a centralised platform for beneficial ownership information. The deadline…


British Virgin Islands: Unfair Prejudice And Beneficial Shareholders: A Confused Noise

Last Updated: 29 November 2016 Article by Stuart Cullen and Andrew M. Thorp Harneys While the position regarding the standing of struck off companies in BVI is relatively clear (see last year’s English Commercial Court decision of Maritime Investment Holdings…


Kazakhstan: Court Practice On Customs Disputes

Last Updated: 29 November 2016 Article by Talgat Sariev Signum Law Firm We would like to share an interesting case on claim to pay customs duties. The claimant was an insurance company, and the defendant was the State Revenue Department….

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