15. Apr 2016   Business Recht Steuer Werbung

Escrow mechanism may be introduced in Ukraine soon

Kateryna Soroka, CMS

On 31 March 2016 a draft law „On Amendments to Certain Legal Acts (regarding Regulated Markets and Derivatives)“ (the „Draft Law“) was adopted by the Ukrainian Parliament in the first reading. The Draft Law amends, inter alia, the Civil Code of Ukraine and introduces the escrow mechanism. The mechanism is to be put into use by the banks acting as escrow agents. [mehr]