November 30, 2018

Ukraine’s Martial Law: will it affect your business?

Ukraine’s parliament voted Monday to impose martial law in 10 regions of Ukraine for a 30-day period until 26 December 2018. The Economic Development and Trade Ministry of Ukraine has stated that the introduction of martial law in Ukraine does not restrict economic activity in the country. The National Bank of Ukraine confirmed that martial law will have no effect on banking and financial system of Ukraine. According to the Decree, the Ukrainian Cabinet of Ministers will proceed with approving a detailed Plan for Implementation of the Martial Law Regime.

Please read the overviews of the impact of martial law in Ukraine on business activities made by our members:

  1. Martial law not expected to impact business operations in Ukraine (CMS Cameron McKenna LLC)
  2. Legal Alert: IMPOSITION OF MARTIAL LAW IN UKRAINE (Arzinger)
  3. Martial status – not war (Advice Group)

NUCC is following the situation in Ukraine, feel free to contact us if you have any questions regarding the issue.

 

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