#06 June 2012

In focus – Sports Law

Sport is rightfully considered one of the fastest growing industries worldwide, primed by TV broadcasting of subsequent events. Over time, its globalization serves at least as major fuel for competition not only between sportsmen, but between teams, leagues, sports associations and host countries

Expert Opinion

Sponsorship of Sporting Events and the Law

Alexander Weigelt, Oleg A. Klymchuk

The UEFA EURO 2012 football championship has put the spotlight not only on the event as such, but also on various forms of sponsorship, marketing and advertisement related to the event. Numerous companies discovered EURO 2012 as a good opportunity to launch sponsorship campaigns to increase the loyalty of consumers to their brands

In Re

Sports and Taxation in Ukraine

Dmytro B. Ivanusa

Generally, sports law is understood as the specific segment of legal rules governing relations taking place in the sphere of physical culture and sports. This segment appears to be the organic conjunction of various laws relating in different ways to sports. These include, for example, civil law, employment law, corporate law and, in particular, tax law. The sports industry is one of the fastest growing industries worldwide, and Ukraine is not aside of this global process

Certain Legal Aspects of Sport Agents' Activity in Ukraine

Oleksiy S. Kolchanov

It is hard to say when agents first appeared in sports. We do know, however, that at international level the profession of sports agents has existed for quite a long period of time. Inception of the sports agency can actually be traced back to the 1960s and it always accompanied sports as an essential part of them

Development of Chess in Ukraine: Contemporary Matters of Legal Framework

Andriy V. Shulga

Stable and progressive development of a certain sector largely depends on the quality of legal rules designed to regulate relations in the relevant area. Therefore, proper state regulation in general and each sector in particular is one of the main tasks of the State

Hot Issue

Recent Amendments to Ukrainian Insolvency Procedure

Julia A. Goptarenko

On 19 January 2013 the amendments to the On Restoration of Financial Solvency of the Debtor or Declaring the Debtor Bankrupt Act of Ukraine (hereinafter the Act) will come into force. These amendments were introduced by Act of Ukraine No.4212-VI of 22 December 2011. The main novels introduced by the said amendments can be summed up as follows: firstly, the Act extends the possibilities of early detection of debtors insolvency and introduces the notion of out-of-court rehabilitation...

Global Legal Update

Sport Regulation under EU Competition Law: General Principles and Established Precedents within a Dynamic Landscape

Riccardo Croce, Anastasia A. Usova

The economic impact of sport in the European Union keeps on growing year by year, as confirmed by the statistics data of the European Commission: already in 2004 proceeds from sport represented 3.7% of EU Gross Domestic Product with 15 million persons employed in the sports sector, which is 5.4% of the labor force in the European Union. This would explain the increasing attention the European Commission is giving to regulating sport activity, and, thus, the growing number of cases in which parties contest certain sport-related rights, in particular media rights acquisition, ticket sales arrangements, sporting rules, and transfer regulation...

Venue

Mergers & Acquisitions in Ukraine

Nataliya V. Koloskova

For the first time since the crisis of 2008, the Mergers & Acquisitions in Russia Journal has renewed the Mergers & Acquisitions in Ukraine Forum. It took place on 24 May 2012 at President Hotel in Kiev. Within the framework of the event contributors of authorities, business and legal societies demonstrated brilliant understanding of the processes now taking place in the M&A sphere...

Business Review

Alcohol, Food and Tobacco Industries have Discussed Issues of IP Rights Protection

Nataliya V. Koloskova

11 May was marked by the III Professional Conference on Issues of intellectual property rights protection and fair competition principles in the alcohol, food and tobacco industries. The conference was organized by the International Chamber of Commerce (ICC) Ukraine and Ukrainian Bar Association (UBA) with the support of Business Action to Stop Counterfeiting and Piracy Initiative Group in Ukraine (BASCAP Initiative Group in Ukraine)...

Crux

New Customs Code Highlights

Lilia Pavlova

The principal Customs Code provisions which are expected by business circles to make positive changes after their implementation provide, among other things, for:

a six-fold reduction in the period of customs clearance (as compared to the current rules) from 24 hours to 4 hours

Olga Semenova

One of the most controversial innovations of the new Customs Code of Ukraine is the institute of an authorized business operator. Chapter 2 of the new Customs Code implies provision of preferential status to some declarants

Oleksandr Tereshchenko

As participants of the new Customs Codes preparation, we believe that the most important changes in the field of EXIM activity, introduced by the new Customs Code, are as follows (to name but a few):

goods may be cleared through Customs at any customs office except for excisable goods, natural gas, precious metals, stones and medicines (unofficially called Abolishment of Customs Serfdom)

Sergiy Danylenko

On 13 March 2012 the Verkhovna Rada of Ukraine adopted the Customs Code of Ukraine and On Amending Certain Legislative Acts of Ukraine in connection with the Adoption of the Customs Code of Ukraine Act of Ukraine

Borys Snizhko

The State Customs Service of Ukraine (SCSU) officers declare that the code is an essential step on the way to harmonizing national legislation with international standards. Indeed, the Code amends the existing procedure for determining and adjusting the customs value of goods and extends the scope of importers rights during resolution of controversies that may arise during this routine

Olga Rubel

Customs brokerage services cover activities on declaring goods and vehicles that are transported through the Ukrainian border. In order to provide these services, a resident enterprise should obtain a license from the respective government body in accordance with the Customs Code of Ukraine and the On Licensing of Certain Types of Economic Activity Act of Ukraine

Eduard Tregubov

As regards the structure, the rules on protection of intellectual property rights contained in the new Customs Code of Ukraine are not much different from those contained in the current code. However, the Customs Code 2012 introduces important innovations. Thus, paragraph 17 part 1 Article 1 sets out a definition of counterfeit goods which are understood as goods comprising intellectual property protected by law, import/export of which into/from the customs territory of Ukraine is deemed to be a violation of intellectual property rights

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