Reportedly, the Servant of the People faction of the Ukrainian Parliament is working on a draft law regarding nationalizing the troubled Motor Sich JSC (“Motor Sich”), which is one of the world’s largest manufacturers of engines for helicopters and planes, as well as gas turbine power plants (here in Ukrainian). This draft law is intended to implement the earlier decision of the National Security and Defense Council (NSDC) dated 11 March 2021 regarding the transfer…
Currently, there is no general foreign investment screening procedure in Ukraine. Ukraine maintained a similar regime called “foreign investment registration,” which was introduced in 1996 under the Foreign Investment Law (available here in Ukrainian), but it was terminated in May 2016. As we previously reported, in May 2020, the Ministry for Development of Economy, Trade and Agriculture of Ukraine (“Ministry of Economy”) commenced a public consultation regarding the draft law “On the procedure for making…