Wednesday, July 28, 2010

Ukraine Sets Privatization Exceptions

Ukraine's President Viktor Yanukovych signed the Law “On Amendments To Certain Laws of Ukraine To Prevent Alienation of State Property Rights Regarding Property Not Subject To Privatization”. The Law prohibits leasing, liquidation, and reorganization of state-owned property that is not subject to privatization. At the same time, the President directed the Cabinet of Ministers to develop and submit to the Verkhovna Rada (upper parliament chamber) a bill allowing the government to make decisions on reorganization of such enterprises provided that it will not result in alienation of state-owned property.

http://www.president.gov.ua/news/17668.html

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