On March 31th, 2020, the Ukrainian parliament has adopted the Draft Law on amendments to legislative acts of Ukraine on the turnover of agricultural land. It is anticipated that the law will come into force on July 1st, 2021.

The new rules gradually remove restrictions of the land moratorium. During the first 2,5 years since the law come into force, citizens of Ukraine will be able to acquire earlier restricted agricultural land plots (up to 100 hectares) into their ownership. After that, Ukrainian legal entities (with exclusively Ukrainian beneficiaries) will obtain such right too and the total amount of land which could be acquired will be up to 10 000 hectares.

Land market law introduces new restrictions for the acquisition and possession of agricultural lands for companies with foreign beneficiaries. These rules apply to all types of agricultural land, including those which have not previously been subjected to a land moratorium and could been freely purchased. Violation of these requirements creates the risk of confiscation and compulsory sale of such lands.

Panelist will discuss the latest changes of the land market, including – land market financing, the right of redemption, land sales and land auctions.

Leonid Kozachenko, President of the "Ukrainian Agrarian Confederation" will moderate the panel.

Panelists –

1.  Sergiy Benedysiuk, Partner, LCF Law Group, Kyiv

2.  Liliia Timakina, Head of Legal, Astarta – Kyiv, Kyiv

3.  Klaus W. Deininger, Lead Economist, Development Research Group, World Bank Group, Washington, D.C.

4.  John Shmorhun, Member of the Board of Directors, AgroGeneration, Kyiv

5.  Natalia Pylyptseva, Deputy Legal and Corporate Affairs Director, Bunge Ukraine, Kyiv

6.  Ihor Kravtsov, LCF  Law Group, Kyiv

The USUBC and LCF Law Group Webinar will be held on Thursday, June 11, 2020 at 9:30 am EST USA, 4:30 pm Kyiv Time, (via Zoom). 

RSVP - Attendance is for members of the U.S.-Ukraine Business Council and their employees, and those invited by the LCF law group and others by invitation only. If you have not received an invitation and would like to attend write to info@usubc.org.  Your attendance must be registered. 

The link to join the online meeting will be sent to you in the confirmation e-mail after you register. If you are not able to use Zoom via download, additional options will be provided in the confirmation e-mail. The additional options are also listed below.

NOTE: Recorded versions of the previous six U.S.-Ukraine Business Council (USUBC) live webinars are available on USUBC YouTube channel.