Analytics

The article discusses the implications of abolishing the Commercial Code of Ukraine under the new law, which took effect on February 28, 2025.

Key Points:

Reorganization:

• Some organizations previously governed by the Commercial Code must reorganize by August 28, 2028.


• Entities must update their statutes and internal documents to comply with the new law.


• Reorganization involves transforming into limited liability companies or other forms specified by current legislation.

Impact on Land Rights:

• Ownership and lease rights to land will transfer to successors after reorganization.


• Permanent land use rights for successors of state and communal enterprises will convert to lease agreements (50 years for state enterprises, 5 years for communal enterprises).

Risks for Private Enterprises:

• Private enterprises may lose permanent land use rights after reorganization.

The full version of the article is available in Ukrainian by the link.

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