A law designed to launch a large-scale privatization adopted in Ukraine
OREANDA-NEWS. February 19, 2016. The law that fixes the norms of the privatization process in Ukraine was adopted in entirety by the Verkhovna Rada.
The supported document contains important amendments to existing laws. In particular, it envisages the elimination of a norm that fixed an obligatory sale of 5-10% shares of strategic enterprises at stock exchanges prior to the tender.
Also the law stipulates that representatives of an aggressor country are prohibited to participate in privatization. In addition the approved document fixes a possibility to attract advisers to participate in the process of privatization for non-budget funds.
The bill was developed by the State Property Fund of Ukraine and submitted to the Parliament by the Government. Aftermath, following its adoption in late January, it underwent certain changes and was considered as developed by MPs.