{"id":322340,"date":"2021-03-23T07:52:24","date_gmt":"2021-03-23T05:52:24","guid":{"rendered":"https:\/\/eba.com.ua\/?p=322340"},"modified":"2021-03-23T10:01:49","modified_gmt":"2021-03-23T08:01:49","slug":"ukrayina-vdoskonalyuye-normatyvno-pravovu-bazu-dlya-regulyuvannya-finansovogo-lizyngu","status":"publish","type":"post","link":"https:\/\/eba.com.ua\/en\/ukrayina-vdoskonalyuye-normatyvno-pravovu-bazu-dlya-regulyuvannya-finansovogo-lizyngu\/","title":{"rendered":"[:ua]\u0423\u043a\u0440\u0430\u0457\u043d\u0430 \u0432\u0434\u043e\u0441\u043a\u043e\u043d\u0430\u043b\u044e\u0454 \u043d\u043e\u0440\u043c\u0430\u0442\u0438\u0432\u043d\u043e-\u043f\u0440\u0430\u0432\u043e\u0432\u0443 \u0431\u0430\u0437\u0443 \u0434\u043b\u044f \u0440\u0435\u0433\u0443\u043b\u044e\u0432\u0430\u043d\u043d\u044f \u0444\u0456\u043d\u0430\u043d\u0441\u043e\u0432\u043e\u0433\u043e \u043b\u0456\u0437\u0438\u043d\u0433\u0443[:en]Ukraine overhauls legislative framework for financial leasing[:]"},"content":{"rendered":"<p><\/p>\n<p>In brief<\/p>\n<p>On 4 February 2021, Verkhovna Rada of Ukraine adopted the Law of Ukraine &#8220;On Financial Leasing&#8221; (the &#8220;Financial Leasing Law&#8221;). The Financial Leasing Law replaces the earlier set of rules for financial leasing and purports to resolve a number of issues that hindered the development of the leasing business. The Financial Leasing Law is not revolutionary but rather (i) aims to clarify some basic issues and (ii) seeks to implement some of the latest best international practices of financial leasing.<\/p>\n<p><strong>In more detail<\/strong><\/p>\n<p>Among other things, the Financial Leasing Law:<\/p>\n<ul>\n<li>sets out a specific regulatory regime for financial leasing, different from that applicable to &#8220;lease&#8221; and &#8220;sale and purchase&#8221; transactions;<\/li>\n<li>the Financial Leasing Law sets out precise requirements as to the form and key terms of a financial leasing agreement;<\/li>\n<li>provides for the possibility to restructure financial lease arrangements, stipulates joint and several liability of lessee and sub lessee, among other things;<\/li>\n<li>determines grounds for the early termination of a financial lease agreement;<\/li>\n<li>sets out the legal consequences of invalidation of a financial lease agreement;<\/li>\n<li>sets out clear rules and procedure for the transfer of a leased property to the ownership of the lessee;<\/li>\n<li>expressly prohibits the inclusion of leased property in the liquidation estate of the lessee (until such time when the transfer of ownership to such property to the lessee has completed);<\/li>\n<li>clarifies that financial leasing agreement is not subject to notarization;<\/li>\n<li>stipulates the activity of an agent as an intermediary in leasing relationships; and<\/li>\n<li>expands the list of permitted objects of lease, in particular permits to lease entire industrial complexes (or parts thereof).<\/li>\n<\/ul>\n<p><strong>Key takeaways<\/strong><\/p>\n<p>Due to the lack of bank lending, financial leasing remains the main alternative to the long-term financing of acquisitions of equipment and machinery for many industries (agriculture and transport including). And still financial leasing operators struggled to grow their portfolios, to a large extent due to the legal uncertainty on various aspects of financial leasing under the applicable legislation.<\/p>\n<p>The Financial Leasing Law aims to improve the overall regulatory framework for the leasing industry with a particular focus on strengthening the protection of the rights of both the suppliers (i.e., lessors) and consumers (i.e., lessees) of the financial leasing services. This should encourage financial leasing services suppliers (both already present and those who consider entering this market) to have a fresh look at their strategy regarding Ukraine.<\/p>\n<p>For more information, please contact:<\/p>\n<div><strong><a href=\"mailto:Serhiy.Chorny@bakermckenzie.com\">Serhiy Chorny<\/a><\/strong><\/div>\n<div>Managing Partner Baker McKenzie<\/div>\n<div>\u00a0<\/div>\n<div><strong><a href=\"mailto:Maksym.Hlotov@bakermckenzie.com\">Maksym Hlotov<\/a><\/strong><\/div>\n<div>Senior Associate Baker McKenzie<\/div>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>In brief On 4 February 2021, Verkhovna Rada of Ukraine adopted the Law of Ukraine &#8220;On Financial Leasing&#8221; (the &#8220;Financial Leasing Law&#8221;). The Financial Leasing Law replaces the earlier set of rules for financial leasing and purports to resolve a number of issues that hindered the development of the leasing business. The Financial Leasing Law [&hellip;]<\/p>\n","protected":false},"author":4489,"featured_media":322348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[24,23],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ukraine overhauls legislative framework for financial leasing - European Business Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eba.com.ua\/ukrayina-vdoskonalyuye-normatyvno-pravovu-bazu-dlya-regulyuvannya-finansovogo-lizyngu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ukraine overhauls legislative framework for financial leasing - European Business Association\" \/>\n<meta property=\"og:description\" content=\"In brief On 4 February 2021, Verkhovna Rada of Ukraine adopted the Law of Ukraine &#8220;On Financial Leasing&#8221; (the &#8220;Financial Leasing Law&#8221;). The Financial Leasing Law replaces the earlier set of rules for financial leasing and purports to resolve a number of issues that hindered the development of the leasing business. The Financial Leasing Law [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/eba.com.ua\/ukrayina-vdoskonalyuye-normatyvno-pravovu-bazu-dlya-regulyuvannya-finansovogo-lizyngu\/\" \/>\n<meta property=\"og:site_name\" content=\"European Business Association\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-23T05:52:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-23T08:01:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/eba.com.ua\/wp-content\/uploads\/2021\/03\/Baker_McKenzie_23032021.png\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Katia Chaikovska\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Katia Chaikovska\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/eba.com.ua\/ukrayina-vdoskonalyuye-normatyvno-pravovu-bazu-dlya-regulyuvannya-finansovogo-lizyngu\/\",\"url\":\"https:\/\/eba.com.ua\/ukrayina-vdoskonalyuye-normatyvno-pravovu-bazu-dlya-regulyuvannya-finansovogo-lizyngu\/\",\"name\":\"[:ua]\u0423\u043a\u0440\u0430\u0457\u043d\u0430 \u0432\u0434\u043e\u0441\u043a\u043e\u043d\u0430\u043b\u044e\u0454 \u043d\u043e\u0440\u043c\u0430\u0442\u0438\u0432\u043d\u043e-\u043f\u0440\u0430\u0432\u043e\u0432\u0443 \u0431\u0430\u0437\u0443 \u0434\u043b\u044f \u0440\u0435\u0433\u0443\u043b\u044e\u0432\u0430\u043d\u043d\u044f \u0444\u0456\u043d\u0430\u043d\u0441\u043e\u0432\u043e\u0433\u043e \u043b\u0456\u0437\u0438\u043d\u0433\u0443[:en]Ukraine overhauls legislative framework for financial leasing[:] - European Business Association\",\"isPartOf\":{\"@id\":\"https:\/\/eba.com.ua\/#website\"},\"datePublished\":\"2021-03-23T05:52:24+00:00\",\"dateModified\":\"2021-03-23T08:01:49+00:00\",\"author\":{\"@id\":\"https:\/\/eba.com.ua\/#\/schema\/person\/591c0ae4ce3e3490f70325dfb642ac52\"},\"breadcrumb\":{\"@id\":\"https:\/\/eba.com.ua\/ukrayina-vdoskonalyuye-normatyvno-pravovu-bazu-dlya-regulyuvannya-finansovogo-lizyngu\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/eba.com.ua\/ukrayina-vdoskonalyuye-normatyvno-pravovu-bazu-dlya-regulyuvannya-finansovogo-lizyngu\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/eba.com.ua\/ukrayina-vdoskonalyuye-normatyvno-pravovu-bazu-dlya-regulyuvannya-finansovogo-lizyngu\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/eba.com.ua\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"[:ua]\u0423\u043a\u0440\u0430\u0457\u043d\u0430 \u0432\u0434\u043e\u0441\u043a\u043e\u043d\u0430\u043b\u044e\u0454 \u043d\u043e\u0440\u043c\u0430\u0442\u0438\u0432\u043d\u043e-\u043f\u0440\u0430\u0432\u043e\u0432\u0443 \u0431\u0430\u0437\u0443 \u0434\u043b\u044f \u0440\u0435\u0433\u0443\u043b\u044e\u0432\u0430\u043d\u043d\u044f \u0444\u0456\u043d\u0430\u043d\u0441\u043e\u0432\u043e\u0433\u043e \u043b\u0456\u0437\u0438\u043d\u0433\u0443[:en]Ukraine overhauls legislative framework for financial leasing[:]\",\"item\":{\"@type\":\"WebPage\",\"name\":\"[:ua]\u0423\u043a\u0440\u0430\u0457\u043d\u0430 \u0432\u0434\u043e\u0441\u043a\u043e\u043d\u0430\u043b\u044e\u0454 \u043d\u043e\u0440\u043c\u0430\u0442\u0438\u0432\u043d\u043e-\u043f\u0440\u0430\u0432\u043e\u0432\u0443 \u0431\u0430\u0437\u0443 \u0434\u043b\u044f \u0440\u0435\u0433\u0443\u043b\u044e\u0432\u0430\u043d\u043d\u044f \u0444\u0456\u043d\u0430\u043d\u0441\u043e\u0432\u043e\u0433\u043e \u043b\u0456\u0437\u0438\u043d\u0433\u0443[:en]Ukraine overhauls legislative framework for financial leasing[:]\"}}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/eba.com.ua\/#website\",\"url\":\"https:\/\/eba.com.ua\/\",\"name\":\"European Business Association\",\"description\":\"We are looking for proactive business leaders, who shape the investment climate of Ukraine and ready to supervise the work of the largest and the most influential business-community of Ukraine \u2013 European Business Association!\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/eba.com.ua\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/eba.com.ua\/#\/schema\/person\/591c0ae4ce3e3490f70325dfb642ac52\",\"name\":\"Katia Chaikovska\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/eba.com.ua\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/59d91c5da250ea725c3c425585ff46fb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/59d91c5da250ea725c3c425585ff46fb?s=96&d=mm&r=g\",\"caption\":\"Katia Chaikovska\"},\"url\":\"https:\/\/eba.com.ua\/en\/author\/katia-chaikovska-eba-com-ua\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"[:ua]\u0423\u043a\u0440\u0430\u0457\u043d\u0430 \u0432\u0434\u043e\u0441\u043a\u043e\u043d\u0430\u043b\u044e\u0454 \u043d\u043e\u0440\u043c\u0430\u0442\u0438\u0432\u043d\u043e-\u043f\u0440\u0430\u0432\u043e\u0432\u0443 \u0431\u0430\u0437\u0443 \u0434\u043b\u044f \u0440\u0435\u0433\u0443\u043b\u044e\u0432\u0430\u043d\u043d\u044f \u0444\u0456\u043d\u0430\u043d\u0441\u043e\u0432\u043e\u0433\u043e \u043b\u0456\u0437\u0438\u043d\u0433\u0443[:en]Ukraine overhauls legislative framework for financial leasing[:] - European Business Association","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/eba.com.ua\/ukrayina-vdoskonalyuye-normatyvno-pravovu-bazu-dlya-regulyuvannya-finansovogo-lizyngu\/","og_locale":"en_US","og_type":"article","og_title":"Ukraine overhauls legislative framework for financial leasing - European Business Association","og_description":"In brief On 4 February 2021, Verkhovna Rada of Ukraine adopted the Law of Ukraine &#8220;On Financial Leasing&#8221; (the &#8220;Financial Leasing Law&#8221;). The Financial Leasing Law replaces the earlier set of rules for financial leasing and purports to resolve a number of issues that hindered the development of the leasing business. The Financial Leasing Law [&hellip;]","og_url":"https:\/\/eba.com.ua\/ukrayina-vdoskonalyuye-normatyvno-pravovu-bazu-dlya-regulyuvannya-finansovogo-lizyngu\/","og_site_name":"European Business Association","article_published_time":"2021-03-23T05:52:24+00:00","article_modified_time":"2021-03-23T08:01:49+00:00","og_image":[{"width":400,"height":400,"url":"https:\/\/eba.com.ua\/wp-content\/uploads\/2021\/03\/Baker_McKenzie_23032021.png","type":"image\/png"}],"author":"Katia Chaikovska","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Katia Chaikovska","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/eba.com.ua\/ukrayina-vdoskonalyuye-normatyvno-pravovu-bazu-dlya-regulyuvannya-finansovogo-lizyngu\/","url":"https:\/\/eba.com.ua\/ukrayina-vdoskonalyuye-normatyvno-pravovu-bazu-dlya-regulyuvannya-finansovogo-lizyngu\/","name":"[:ua]\u0423\u043a\u0440\u0430\u0457\u043d\u0430 \u0432\u0434\u043e\u0441\u043a\u043e\u043d\u0430\u043b\u044e\u0454 \u043d\u043e\u0440\u043c\u0430\u0442\u0438\u0432\u043d\u043e-\u043f\u0440\u0430\u0432\u043e\u0432\u0443 \u0431\u0430\u0437\u0443 \u0434\u043b\u044f \u0440\u0435\u0433\u0443\u043b\u044e\u0432\u0430\u043d\u043d\u044f \u0444\u0456\u043d\u0430\u043d\u0441\u043e\u0432\u043e\u0433\u043e \u043b\u0456\u0437\u0438\u043d\u0433\u0443[:en]Ukraine overhauls legislative framework for financial leasing[:] - European Business Association","isPartOf":{"@id":"https:\/\/eba.com.ua\/#website"},"datePublished":"2021-03-23T05:52:24+00:00","dateModified":"2021-03-23T08:01:49+00:00","author":{"@id":"https:\/\/eba.com.ua\/#\/schema\/person\/591c0ae4ce3e3490f70325dfb642ac52"},"breadcrumb":{"@id":"https:\/\/eba.com.ua\/ukrayina-vdoskonalyuye-normatyvno-pravovu-bazu-dlya-regulyuvannya-finansovogo-lizyngu\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/eba.com.ua\/ukrayina-vdoskonalyuye-normatyvno-pravovu-bazu-dlya-regulyuvannya-finansovogo-lizyngu\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/eba.com.ua\/ukrayina-vdoskonalyuye-normatyvno-pravovu-bazu-dlya-regulyuvannya-finansovogo-lizyngu\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/eba.com.ua\/"},{"@type":"ListItem","position":2,"name":"[:ua]\u0423\u043a\u0440\u0430\u0457\u043d\u0430 \u0432\u0434\u043e\u0441\u043a\u043e\u043d\u0430\u043b\u044e\u0454 \u043d\u043e\u0440\u043c\u0430\u0442\u0438\u0432\u043d\u043e-\u043f\u0440\u0430\u0432\u043e\u0432\u0443 \u0431\u0430\u0437\u0443 \u0434\u043b\u044f \u0440\u0435\u0433\u0443\u043b\u044e\u0432\u0430\u043d\u043d\u044f \u0444\u0456\u043d\u0430\u043d\u0441\u043e\u0432\u043e\u0433\u043e \u043b\u0456\u0437\u0438\u043d\u0433\u0443[:en]Ukraine overhauls legislative framework for financial leasing[:]","item":{"@type":"WebPage","name":"[:ua]\u0423\u043a\u0440\u0430\u0457\u043d\u0430 \u0432\u0434\u043e\u0441\u043a\u043e\u043d\u0430\u043b\u044e\u0454 \u043d\u043e\u0440\u043c\u0430\u0442\u0438\u0432\u043d\u043e-\u043f\u0440\u0430\u0432\u043e\u0432\u0443 \u0431\u0430\u0437\u0443 \u0434\u043b\u044f \u0440\u0435\u0433\u0443\u043b\u044e\u0432\u0430\u043d\u043d\u044f \u0444\u0456\u043d\u0430\u043d\u0441\u043e\u0432\u043e\u0433\u043e \u043b\u0456\u0437\u0438\u043d\u0433\u0443[:en]Ukraine overhauls legislative framework for financial leasing[:]"}}]},{"@type":"WebSite","@id":"https:\/\/eba.com.ua\/#website","url":"https:\/\/eba.com.ua\/","name":"European Business Association","description":"We are looking for proactive business leaders, who shape the investment climate of Ukraine and ready to supervise the work of the largest and the most influential business-community of Ukraine \u2013 European Business Association!","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/eba.com.ua\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/eba.com.ua\/#\/schema\/person\/591c0ae4ce3e3490f70325dfb642ac52","name":"Katia Chaikovska","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/eba.com.ua\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/59d91c5da250ea725c3c425585ff46fb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/59d91c5da250ea725c3c425585ff46fb?s=96&d=mm&r=g","caption":"Katia Chaikovska"},"url":"https:\/\/eba.com.ua\/en\/author\/katia-chaikovska-eba-com-ua\/"}]}},"_links":{"self":[{"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/322340"}],"collection":[{"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/users\/4489"}],"replies":[{"embeddable":true,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/comments?post=322340"}],"version-history":[{"count":3,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/322340\/revisions"}],"predecessor-version":[{"id":322361,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/322340\/revisions\/322361"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/media\/322348"}],"wp:attachment":[{"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/media?parent=322340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/categories?post=322340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/tags?post=322340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}