The challenges of doing business across the spectrum of life sciences evolve globally in leaps and bounds. These are retention of market share, marketing arrangements, patent expiry, IP licensing, generics, unfair competition, strict safety and pricing regulations, product liability, privacy issues. The world’s pharmaceutical leaders spend billions of dollars on R&D, developing strong pharma brands, streamlining and commercializing the science of health...
Leonid E. Cherniavskyi
Pricing regulations for medicinal products have always been a confusing sphere of legislation for pharmaceutical companies. It consists of the On Prices and Pricing Act of Ukraine of 21 June 2012, No. 5007-VI and several subordinate acts which establish limits for wholesale and retail markups at commercial and public procurement markets, rules for calculating prices and determining the level of the wholesale price to be used as the basis for markups, lists of medicinal products the prices on which are subject to regulation, etc. For many years now the rules on pricing for medicinal products have been changing several times a year, though experts and business argue that price restrictions set by the government are not efficient and do not reach their goals...
Pavlo B. Loginov
The issue of the pricing of medicinal products is a very sensitive matter for the Ukrainian state. Recent economic turmoil makes it even more important as the number of socially unprotected people increased together with demand for cheap and qualitative medicinal products. The signing of the Association Agreement with the EU has also brought new obligations and challenges for Ukraine in the whole healthcare sector...
Olha O. Demianiuk
The healthcare sector was the most dominant industry in global M&A in 2014. In fact, 2014 was a record-breaking year for M&A in the healthcare sector, with deal values reaching USD 363 billion, 94% higher than those in 2013. Of those deals, almost 50% were cross-border transactions in which buyers acquired target companies or assets in countries outside their local markets.
Integrites advised EBRD on increased loan to Nadezhda
Egorov Puginsky Afanasiev & Partners Ukraine advised Avito Holding
Europe Virgin Fund Investment in VENBEST Group
Court seizes 500 million cubic meters of gas from Ostchem Group
Ericsson sues Apple
Georgia is obliged to pay compensation to beaten demonstrators
Vasil Kisil & Partners represented Multi Veste Ukraine 1
LCF advised SE Progress
Lower quorum for general meetings
Licensing
Personal income tax
Related persons
Transactions with public debt
Legislation on ESCOs
List of offshore countries has been amended
New program of Regional Business Development
New rules introduced to natural gas market
UBA Committee on International Law and UAIL Joint Round Table
UBA Committee on Media Law and Committee on Pharmaceutical Law Joint Meeting
BANKING & FINANCE:
Restructuring of consumer loans in foreign currency
TRADE POLICY:
Russia filed WTO lawsuit against Ukraine and EU regarding duties
OIL & GAS:
Gazprom has decided to start construction of Turkish Stream
M&A:
Archer Daniels Midland Co to buy terminals on the Black Sea
UKRAINE — EU:
Ukraine receives EUR 1.8 billion of macro-financial support from EC
ANTIMONOPOLY COMMITTEE OF UKRAINE:
Yuri Terentiev appointed Chairman of AMCU
AMCU reveals cartel collusion between retail chains
Crisis is always a period for new opportunities. Many successful businesses have been established in turbulent times and have grown from start-ups to highly competitive market players. The most important thing here is to be ultra-responsive to business demands, to be extra-flexible and innovative in providing professional solutions. Overall, “thinking out of the box” is really significant now...
Olena O. Vardamatska
Franchising started developing in Ukraine in 1993 when the first pioneer franchising chains (e.g. McDonald’s) entered the Ukrainian market. In 2003, 100 franchising chains operated in Ukraine and by 2013 their number had increased to 540.
Let us look at the progress in the legal regulation of franchising in Ukraine. Starting from 1 January 2004, the Commercial and Civil Codes of Ukraine introduced a legal framework for franchising agreements, including mandatory registration of the same...
Evgeniy V. Bessarabov
It is not the strongest or the most intelligent who will survive but those who can best manage change. That was what Charles Robert Darwin established in his evolution theory called “On the Origin of Species”. And such a business species like lawyers and law firms are no exception. They are even more sensitive to “survival” through changes as lawyers are rather good professionals but not always good businessmen...
Natalia O. Bezkhlibna
As we are living in the era of consumerism, consumer protection issues appear to gain more and more relevance on people’s living landscape. The problem of unfair terms in consumer contracts (as an aspect of consumer rights protection) was raised in the recently signed EU-Ukraine Association Agreement1. The latter provides for overall harmonization of Ukrainian legislation, including regulations on consumer rights protection, with EU law as a part of integration process. Additionally, consumer rights to fair contracts were also part of the 2014 Awareness Raising Campaign in Europe...
Friendly relations between Ukraine and Poland, including their openness to economic cooperation and signing of the Association Agreement between Ukraine and the European Union, have been a prerequisite for annual international business forums. This idea of the Vice President of the Polish-Ukrainian Chamber of Commerce, managing partner of the International Legal Center EUCON Yaroslav Romanchuk, was supported by the foreign ministries of both countries. The first such event was held on 6 November 2014 in Kiev, and the second — the International Forum “Ukrainian Business Day in Poland” — on 14-15 May 2015 in Warsaw...
Following the well-established tradition of holding the Legal Awards ceremony at the end of spring, Yuridicheskaya Practika Publishing brought together Ukrainian legal society for the ninth ceremony at Premier Palace Hotel in Kiev on 28 May 2015. This year the best law firms and lawyers competed across 30 nominations.
The nomination of applicants lasted till 21 April 2015, while all the nomination forms were considered by the Nomination Commission, which chose the winners via secret ballots...
Re-elected in autumn 2014 the Verkhovna Rada of Ukraine (Parliament) actively continues to develop legislative initiatives regarding all spheres of Ukrainian life. In this section editorial staff has involved experts to comment upon certain of them. Our last digest includes, in a large measure, initiatives that touch energy sphere, anti-terrorist operations, banking and advertising spheres...
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