The Ministry of Justice of Ukraine, by Order No. 1173/5 of April 30, 2025, approved amendments to the Procedure for verifying information provided by a legal entity in the explanation and documents to confirm information about the ultimate beneficial owner and/or ownership structure of a legal entity, approved by Order of the Ministry of Justice No. 3265/5 of September 14, 2023.
The procedure determines the procedure for conducting an inspection by the state registrar of legal entities, individual entrepreneurs and public organizations of the information provided by the legal entity in the explanation and documents to confirm information about the ultimate beneficial owner (UBO) and/or the ownership structure of the legal entity.
Item 3 of the Procedure specifies that in the event of a registered letter being returned to the state registrar with a note stating that the legal entity is not at the address or the established period for storing the postal item has expired, the state registrar must resend the request one month after the date of sending the first request to the legal entity for explanations.
If no response to the additional request is received within 10 business days from the date of its sending, the inspection must be resumed.
It is also clarified that the state registrar, when identifying the UBO, receives the following identification data:
- for an individual – surname, first name and (if available) patronymic, country of citizenship (nationality), if an individual - a foreigner is a citizen (national) of several countries, - all countries of citizenship (nationality) and place of residence, date of birth, series (if available) and number of the document (documents) that identifies the person and confirms citizenship (nationality), unique record number in the Unified State Demographic Register (if available), registration number of the taxpayer's registration card (if available), nature and extent (level, degree, share) of beneficial ownership (benefit, interest, influence);
- for a legal entity – full name, location, identification code of the legal entity in the Unified State Register of Enterprises and Organizations of Ukraine (for a resident).
Based on the results of the verification of information on the UBO and/or ownership structure, the state registrar must issue a letter – notification in the form approved in the appendix to this Procedure. The corresponding appendix is also provided for by Order No. 1173/5.
The notification letter must be accompanied by materials confirming the established facts, the Notice of Disagreement and the documents attached to it, as well as explanations and documents provided by the legal entity in accordance with Procedure No. 2211/5.
If a legal entity does not receive a response to a request sent in accordance with Procedure No. 2211/5 within 30 business days from the date of its sending (previously it was "within a month from the date of its receipt"), the state registrar must send a notification letter with relevant information to the Ministry of Justice of Ukraine within 3 business days from the date of expiration of the specified period.
The inspection is not initiated, and already initiated inspection is terminated if it is established that the Unified State Register has made changes to the information on the UBO and/or ownership structure of a legal entity, which results in the legal entity correcting irrelevant information on the UBO and/or ownership structure or changing the UBO and/or ownership structure, about which the state registrar sends a notification letter to the Ministry of Justice of Ukraine.
The Verkhovna Rada of Ukraine adopted in the first reading as a basis the draft Law "On Amendments to the Law of Ukraine "On Compulsory State Social Insurance" regarding the improvement of the procedure for issuing, extending and monitoring the validity of issuing disability certificates" (Registration No. 13062).
The draft proposes:
- to improve the process of conducting checks of sick leave certificates and documents that are the basis for their formation;
- to clarify the mechanism for compensation of insurance benefits in the event that the issuance of a certificate of incapacity for work is found to be unfounded and the claim for compensation is appealed;
- to provide for the possibility of using paper disability certificates for the period of martial law and three months after its termination or cancellation, etc.
The implementation of this draft will have a positive impact on the observance of the rights of insured persons in the system of mandatory social insurance with temporary disability.
The Financial Stability Board (FSB) focused on preparations for the eighth review of the Extended Facility Fund with the International Monetary Fund and adopted a number of decisions.
First, the EFF approved changes to the Strategy of Ukrainian Financial Sector Development, in particular:
- new measures regarding the legislative regulation of the activities of the Entrepreneurship Development Fund, the development of a strategy for the development of mortgage lending, increasing the resilience of critical infrastructure and digital operational resilience of the financial sector;
- updating measures for the development of capital markets infrastructure, in particular, on the coordination of the target model of the market operation together with stakeholders, including the issues of consolidating the accounting infrastructure and attracting foreign investors, and its implementation. These changes allow for market reform and maximizing opportunities for attracting private investment;
- expanding the scope of Goal III Financial System Operates for the Country’s Recovery and Is Integrating into the EU and adding a new initiative European Integration of the Financial Sector, which includes measures to deepen cooperation with EU institutions, implement program documents, participate in the negotiation process, and implement EU legal acts, taking into account the recommendations of the European Commission based on the screening results.
Secondly, amendments to the Lending Development Strategy were approved in order to synchronize it with the plan of legislative changes within the framework of the implementation of the Ukraine program. Facility in terms of the development and functioning of the non-performing loans (NPL) market and attracting foreign investment to this market.
Thirdly, the EFF considered and took as a basis the concept for developing the Mortgage Development Strategy and instructed the working group (Committee on Financial Development) at the EFF to prepare agreed materials for its further discussion, in particular with IMF experts.
The approved documents, in particular the updated Strategy of Ukrainian Financial Sector Development and the Lending Development Strategy, will be published additionally after approval.
The Verkhovna Rada of Ukraine adopted draft law No. 11315, which excluded from the transitional provisions of the Civil Code the norm according to which, during the period of martial law, the statute of limitations determined by the Civil COde is suspended for the duration of such a state of emergency.
This draft abolished the suspension of the statute of limitations, adopted on May 14, 2025, in its entirety. Thus, the time limit for citizens to apply to the court in civil cases, in particular, regarding the acceptance of inheritance, will be reinstated.
As a reminder, on January 30, 2024, a law came into force that determines that for the duration of martial law in Ukraine, the statute of limitations defined by the Civil Code is suspended. That is, the period within which a person can apply to the court with a claim to protect their civil right or interest is suspended.
However, at the end of May 2024, draft No. 11315 appeared in parliament, which proposes to repeal this suspension.
As the authors of the draft on the abolition of the norm on the suspension of the statute of limitations explain, "individual cases when a person is involved in military operations for a long time as part of paramilitary formations, or for other valid reasons related to military operations, is unable to timely apply to court to protect his rights, cannot justify the suspension of the statute of limitations in the state as a whole."
They note that for such cases, Part 5 of Article 267 of the Civil Code provides for the possibility of renewing the limitation period, “if the court finds the reasons for missing the limitation period to be valid, the violated right is subject to protection.”
The State Labor Service of Ukraine, in its letter No. 107/2.3/2.1-ЗВ-25а dated January 21, 2025, provided an answer to the question regarding the possibility of granting an employee annual leave of 14 calendar days (3 calendar days for the work period from May 1, 2023 to May 1, 2024 and 11 calendar days for the work period from May 1, 2024 to May 1, 2025).
The authors of the letter reminded that annual basic leave is granted to employees for a duration of at least 24 calendar days per worked working year, which is counted from the date of conclusion of the employment contract. This is provided for in Part 1, Article 6 of the Law of Ukraine "On Leave".
Parts 9-11 of Article 10 of the Law stipulate that annual leave for the second and subsequent years of work may be granted to an employee at any time during the relevant working year.
The order of granting vacations is determined by schedules that are approved by the owner or a body authorized in agreement with the elected body of the primary trade union organization (trade union representative) or other body authorized to represent the labor collective, and are brought to the attention of all employees.
When drawing up schedules, the interests of production, the personal interests of employees, and opportunities for their rest are taken into account.
At the same time, the specific period for granting annual leave within the limits established by the schedule is agreed upon between the employee and the owner or the body authorized, which is obliged to notify the employee in writing of the start date of the leave no later than two weeks before the deadline established by the schedule.
According to Part 1 of Article 12 of the Law, annual leave, at the employee's request, may be divided into parts of any duration, provided that its main continuous part is at least 14 calendar days.
The Cabinet of Ministers of Ukraine adopted a resolution "Some issues of the functioning of the information and communication system "State Agrarian Register". This is an important step in the digitalization of the country's agricultural sector.
The Ministry of Agrarian Policy and Food of Ukraine has developed a document in accordance with the Law of Ukraine “On the Information and Communication System “State Agrarian Register” to determine the procedure for maintaining, administering, and integrating with other state registers. As well as ensuring the functioning of the SAR and its subsystems. The goal is to approve the procedures for the functioning of the SAR and the State Register of Agricultural Producers.
Among the main innovations is the approval of the procedure for maintaining the State Register of Agricultural Producers. This will allow for the identification of all agricultural producers and the agricultural activities they carry out.
The resolution provides for:
- improving mechanisms for providing state support to agricultural producers, ensuring transparency and fairness in the distribution of resources;
- ensuring integration with other state registers, cadastres and information systems to unify and update information;
- compliance with legal requirements regarding personal data protection and cybersecurity.
Within the framework of European integration processes, the adoption of the resolution will also contribute to the implementation of the Ukraine Facility plan. In particular, regarding the provision of state support in the field of agriculture through SAR.
