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Regulatory Affairs, Ukraine Recovery

07/ 04/ 2025
  On 7 April, the President of Ukraine signed Law No. 4292-IX dated 12 March 2025 (draft law No. 12089), which regulates the issue of reclaiming property from a bona fide purchaser and introduces compensation mechanisms to reimburse its market value. Earlier, the European Business Association expressed its support for this legislative initiative, which is expected to contribute to: Improving law enforcement practices in legal relations concerning the recovery of property from bona fide purchasers; Resolving the issue of compensation to the bona fide purchaser when property is reclaimed in favour of the state or local community, followed by recovery of damages from guilty parties for the benefit of the state or community; Strengthening the legal framework for protecting the rights and interests of bona fide purchasers in cases where property is alienated from state or communal ownership. The business community of the ЕВА is grateful for the signing of this Law and hopes it will help reinforce the rights and protect the investments of bona fide purchasers.

On 7 April, the President of Ukraine signed Law No. 4292-IX dated 12 March 2025 (draft law No. 12089), which regulates the issue of reclaiming property from a bona fide purchaser and introduces compensation mechanisms to reimburse its market value.

Earlier, the European Business Association expressed its support for this legislative initiative, which is expected to contribute to:

  • Improving law enforcement practices in legal relations concerning the recovery of property from bona fide purchasers;

  • Resolving the issue of compensation to the bona fide purchaser when property is reclaimed in favour of the state or local community, followed by recovery of damages from guilty parties for the benefit of the state or community;

  • Strengthening the legal framework for protecting the rights and interests of bona fide purchasers in cases where property is alienated from state or communal ownership.

The business community of the ЕВА is grateful for the signing of this Law and hopes it will help reinforce the rights and protect the investments of bona fide purchasers.

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