On 21 April, the President of Ukraine signed Law No. 4833‑IX (Draft Law No. 14005), which reboots the logic of enforcement proceedings in Ukraine, placing a strong emphasis on digitalisation, speed, and oversight.
The Law was adopted as part of Ukraine’s European integration commitments (Ukraine Facility, the Rule of Law Roadmap). However, its implications extend far beyond compliance with international obligations and will have a direct impact on both private individuals and businesses.
The Law provides for:
- the digitalisation of certain stages of enforcement proceedings;
- optimisation of procedures, stages, and time limits for the enforcement of decisions;
- substantial amendments to several legislative acts, including the Laws of Ukraine «On Banks and Banking», «On Traffic», «On Mortgage», and others.
What will change once the Law enters into force, and how these changes will affect individuals and businesses, was explained in an expert commentary for finance.ua by Ruslan Radchenko, Attorney at Law at ESQUIRES.
Source: FINANCE.UA