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The
Civil Code of Ukraine - the basic legal act of civil legislation of Ukraine
adopted by the Verkhovna Rada of Ukraine on 16 January 2003.
Civil
legislation shall regulate personal property and non-property relations (civil
relations)
founded on the basis of legal equality, goodwill and property independence of
their
parties.
The
civil legislation shall be not applied to the property relations founded on the
administrative
or other power subordination of one party to another as well as to tax and
budgetary
relations unless otherwise established by the law.
Natural
persons and legal entities represent participants of civil relations.
Participants
of civil relations shall include the state of Ukraine, the Autonomous Republic
of Crimea,
territorial communities, foreign states and other subjects of the Public Law.
General
foundations of the civil legislation include:
1)
unacceptability of a self-willed intrusion into a private life of a human;
2)
unacceptability of ownership deprivation except as established by the
Constitution
of
Ukraine and the law;
3)
freedom of agreement;
4)
freedom of entrepreneurial activity;
5)
remedy of a civil right and interest;
6) equity,
good faith and reasonability.
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