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Business proposes changes to improve privatization rules

24/ 02/ 2021
  The business community considers it necessary to conceptually revise the draft Law №4572, which proposes to amend certain codes, as well as set them out in the updated version of the Law On the State Property Fund of Ukraine in the context of privatization and lease of state and communal property. The European Business Association addressed a corresponding letter to the Peoples Deputies of Ukraine and the Head of the State Property Fund. The purpose of this legislative initiative is to improve and accelerate the procedure of privatization and lease of communal and state property with the involvement of investments and to improve the relevant legislation. The EBA generally supports the intentions aimed at reforming and improving the system of relations related to the privatization and lease of state property, which is reflected in this draft law. However, after analyzing the document, the experts of member companies draw attention to the need to revise some provisions. The EBA experts’ proposals mainly concern the following aspects: Improving the procedure for prolonging state property lease agreements; Improving the procedure for construction work on leased facilities (namely, in the context of integral improvements) to invest in the development of public infrastructure; Strengthening guarantees for the protection of the rights and legitimate interests of investors who have invested their own investments in the development of state infrastructure; Improving the procedure for the privatization of domestic seaports infrastructure facilities; Improving the procedure for the privatization of leased property (including the procedure that provides for the current tenant to use his/her preemptive right in the process of such privatization). Daria-Sichkar. EBA Logistics Committee Manager. Privatization of state and communal property can be a good impetus for the development of various industries and the revival of enterprises, including those in the infrastructure sector. But for this it is important to correctly prescribe all the procedures and nuances of these processes, taking into account the point of view of practitioners - business representatives. We are ready to participate in the development of such changes and provide comprehensive expert support. The EBA experts hope for the revision of the draft law №4572 considering the proposals of the business community!   Be the first to learn about the latest EBA news with our Telegram-channel – EBAUkraine.

The business community considers it necessary to conceptually revise the draft Law №4572, which proposes to amend certain codes, as well as set them out in the updated version of the Law “On the State Property Fund of Ukraine” in the context of privatization and lease of state and communal property. The European Business Association addressed a corresponding letter to the People’s Deputies of Ukraine and the Head of the State Property Fund.

The purpose of this legislative initiative is to improve and accelerate the procedure of privatization and lease of communal and state property with the involvement of investments and to improve the relevant legislation.

The EBA generally supports the intentions aimed at reforming and improving the system of relations related to the privatization and lease of state property, which is reflected in this draft law. However, after analyzing the document, the experts of member companies draw attention to the need to revise some provisions.

The EBA experts’ proposals mainly concern the following aspects:

  • Improving the procedure for prolonging state property lease agreements;
  • Improving the procedure for construction work on leased facilities (namely, in the context of integral improvements) to invest in the development of public infrastructure;
  • Strengthening guarantees for the protection of the rights and legitimate interests of investors who have invested their own investments in the development of state infrastructure;
  • Improving the procedure for the privatization of domestic seaports infrastructure facilities;
  • Improving the procedure for the privatization of leased property (including the procedure that provides for the current tenant to use his/her preemptive right in the process of such privatization).
Daria-Sichkar EBA Logistics Committee Manager
Privatization of state and communal property can be a good impetus for the development of various industries and the revival of enterprises, including those in the infrastructure sector. But for this it is important to correctly prescribe all the procedures and nuances of these processes, taking into account the point of view of practitioners - business representatives. We are ready to participate in the development of such changes and provide comprehensive expert support.

The EBA experts hope for the revision of the draft law №4572 considering the proposals of the business community!

 

Be the first to learn about the latest EBA news with our Telegram-channel EBAUkraine.

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