Ukraine and the EU have completed the screening of Ukrainian legislation under Cluster 2 Internal Market. This was reported by the Office of the Vice Prime Minister for European and Euro-Atlantic Integration: “This area is fundamental, as it regulates business, affects the stability of the economy, investment, attraction and development of the competitive environment.”

Ukraine has already made significant progress in harmonizing its national legislation with EU law, particularly in the areas of corporate governance, shareholder protection, and financial transparency. At the same time, some areas require further refinement. 

Yesterday, the Ukrainian side and representatives of the European Commission held a bilateral meeting, during which they discussed a number of issues, including:

• mergers and divisions of public joint-stock companies in the domestic market;

• procedures for cross-border mergers, divisions, and transformations of limited liability companies;

• the use of digital tools and processes in corporate law;

• the Business Registers Interconnection System (BRIS);

• shareholders’ rights and corporate governance;

• combating corruption in corporate law, among others.

It should be recalled that screening is essentially a check on the compliance of our legal framework with European norms. This process will be conducted for each negotiation cluster. We will continue to monitor the screening and keep you informed of any updates.