Ukraine Strengthens its Anti-Corruption Laws
By Tatyana Tugolukova
Unfortunately, when doing business in Ukraine, foreign and Ukrainian companies are often faced with requests by public officials to provide “contributions,” “facilitation payments,”or worse, in order to accomplish routine work. Western companies are familiar with these issues as well as Ukrainian requirements. However, as of January 1, 2011, Ukraine’s legislation is significantly changing – for the better – in tackling these problems. Finally, the scope of corruption practices and prohibitions in Ukraine has been expanded, in large part because of Ukraine’s international obligations stemming from the UN Convention against Corruption and the Criminal Law Convention on Corruption, which Ukraine ratified in 2006.
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