International Online-Lecture: State Aid in Ukraine: What is Important for Business to Know

The EU-Ukraine Association Agreement established the obligation of Ukraine to implement an effective State Aid governance system and the relevant legislative framework. Based on this, the Law of Ukraine No. 1555-VII On State Aid to Undertakings dated 01.07.2014 (the “State Aid Law”) was adopted. In addition to the law, the Antimonopoly Committee of Ukraine (the “AMCU”) has developed a significant number of by-laws regarding regulation and control in the State Aid field (further approved by the relevant ministries). The development of the State Aid system in Ukraine is continuing also in view of the changing European rules.

It is crucial that the Ukrainian business community as potential recipients of State Aid understand the key rules and peculiarities of the State Aid system in Ukraine, the burden of recovering State Aid in case of unlawful and incompatible aid, the scope of powers and the order of interaction with the AMCU in…