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Draft Law “On sea ports of Ukraine” had been adopted

22 May, 2012 Newsletters

On May 17, 2012 The Verkhovna Rada of Ukraine has passed the governmental Draft Law “On sea ports of Ukraine” registered on 16.01.2012 # 9712 during the second reading and final reading.

The Law is aimed, besides other, at considerable simplification of the work of investors at sea ports. Thus, the new law allows privatization of entire property complexes of the ports (except for the strategic facilities of the port infrastructure), lease of the state berths. The most significant peculiarity of the Law is the change of the concept of a “port” – a port is considered to be not a state enterprise, but a territory and water area. For managing the seaports the Administration of the Sea Ports of Ukraine is created with branches at every sea port.

The above commentary presents the general statement for information purposes only and as such may not be practically used in specific cases without professional advice.

Kind regards,

© TOV "KM Partners", 2012

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