Ukrainian Law Blog
Freedom means the supremacy of human rights everywhere
Wednesday, February 14, 2018
The New Law on Ukrainian Limited Liability Companies is adopted
On 6 February 2018 the Ukrainian Parliament adopted a long-awaited Law "On Limited Liability Companies and Additional Liability Companies" No. 4666 (the "Law"). The law will supersede the legislation currently regulating the most popular type of Ukrainian companies – limited liability companies ("LLC").
The newly adopted Law will significantly improve and modernize the legal framework regulating LLCs. Once signed by the President of Ukraine, which is expected, the Law (except for its certain provisions on succession of a participation share) will take effect three months after its publication.
The following are among the most important novelties which will be introduced by the Law:
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