“President of Ukraine Volodymyr Zelensky has signed a bill “On Amendments to the Civil Code of Ukraine on strengthening the protection of the rights of a bona fide acquirer”. This is evidenced by the status of the document on the Verkhovna Rada website. The Parliament -supported document establishes clear terms during which law enforcement agencies may file a lawsuit against the entrepreneur on unfair acquisition of land. Also, the bill determines the list of objects that are entitled to bona fide”, – WRITE ON: ua.news
President of Ukraine Volodymyr Zelensky has signed a bill “On Amendments to the Civil Code of Ukraine on strengthening the protection of the rights of a bona fide acquirer”.
This is evidenced by the status of the document on the Verkhovna Rada website.
The Parliament -supported document establishes clear terms during which law enforcement agencies may file a lawsuit against the entrepreneur on unfair acquisition of land.
The bill also defines the list of objects that the right of conscientious acquirer does not apply. Another rule is the guarantee of reimbursement of investments to the entrepreneur in the case of a court decision on the return of the asset to the state.
The document was supported by 32 business associations-the Union of Ukrainian Entrepreneurs (Soup), the Federation of Employers of Ukraine (FRA), the European Business Association (EBA), etc.
According to the Federation of Employers of Ukraine, this bill will help attract new investments in the country’s economy. The Union of Ukrainian Entrepreneurs is also convinced that the signing of this bill will improve the investment climate in Ukraine.
