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June 2009
In Focus - Insurance
The Ukrainian insurance market enjoyed high growth over the last couple of years. The splash of bank credits ensured stable demand for the products of various insurers. It is no wonder that the recent recession in banking, real estate, automobile industries and general fall in investment provoked the recent slowdown in the insurance market…
Expert Opinion
Liudmyla A. Gorodnycha Regulation on Financial Reliability of Insurance Companies
Insurance is a type of civil relations aimed at protecting the property rights of citizens and legal entities from losses due to the occurrence of certain circumstances (insurance events), which are detailed by insurance contracts in accordance with valid Ukrainian legislation. Such protection is primarily financed by insurance payments (fees, premiums)…
In Re
Nadezhda O. Shuliak Legal Environment for Non-resident Insurance Companies in Ukraine
The uncertain political and economic climate in Ukraine is highlighted by the difficulties experienced by the current government in its efforts to make significant progress with essential legislative, infrastructural, legal and tax reforms. Taking into account the current world financial crisis, it is hard to believe that non-residential and residential insurers will have good times shortly. Anyway, as always, the strongest will survive and develop…
Anton V. Prysyazhnyuk Regulation of Financial Monitoring in an Insurance Company
Since Ukrainian legislation defines insurance companies as financial institutions, insurance companies must strictly follow statutory-defined requirements on the provision of initial financial monitoring…
Bogdan P. Borovyk, Ekaterina P. Katerinchuk Interim Administration in Insurance Companies
The appointment of interim administrations in insurance companies has recently become a widely debated issue in the press between the officials of the State Commission for Regulation of Financial Services Market’s (the SCRFSM) and players on the insurance market. The discussion was provoked by the current situation on the Ukrainian insurance market, which has been suffering badly due to the financial crisis…
Hot Issue
Taras K. Burhan Insolvency of Ukrainian Banks
The Ukrainian economy has experienced a significant downturn as a result of the current global financial crisis. This has had a detrimental effect on its banking system and contributed to the financial difficulties experienced by a number of its banks. About a dozen banks have decided to pass a majority stake to the state. In such circumstances, unsecured creditors of debtor banks start to review their enforcement options…
Argument
Oleh I. Furmanchuk The Long-awaited Exemption of Concerted Actions on Specialization
It has always been a task of a competition regulator to provide for a predictable legal regime and balance it against the need for individual assessment in each controversial case. The same is true for specialization concerted actions in situations of horizontal cooperation…
Elena A. Balbekova How Can you Get to Europe?
The Ukrainian Bar Association (UBA) is starting the monitoring of implementation of the Agreement of simplified visa regime between Ukraine and European Union…
Venue
Olga A. Usenko IP Boom in Seattle
The annual meetings of the International Trademark Association (INTA) have become the most attended and long anticipated events in the field of intellectual property for related practitioners from all over the world. The 131st Annual Meeting in Seattle was no exception and brought together about 7,500 participants in the period of 16-20 May to the Washington State Convention and Trade Center… | 
