The unprovoked full-scale invasion of Ukraine launched by the Russian aggressor on 24 February 2022 has had tremendous local and global repercussions in all areas of life. It caused innumerable human casualties and severe material damages, displaced millions of people, brought about one of the worst refugee and humanitarian crises since WWII, and disrupted the normal way of life of people, the functioning of the national economy and private businesses. The precise extent of war-inflicted damages sustained by the country’s economy, its nationals, and businesses is unimaginable and currently impossible to assess.
To counter the brutal aggression and mitigate its consequences, the Ukrainian government imposed martial law and curfews, which limited a number of fundamental constitutional rights and freedoms, in particular, the freedom of movement, assembly, speech, secrecy of correspondence and communications, inviolability of personal dwellings. Other implemented sweeping measures pertain to the economic and business speres, where the government has resorted to severe restrictions and tough regulations intended to stabilize the national economy. In particular, outbound cross-border payments are generally limited, whereas transactions with businesses owned or controlled by Russia, Belarus or their residents are banned. In addition, to ensure legal safety and prevent fraud during the war, the Government severely restricted or completely prohibited access to numerous public registers, including the real estate and company registers, and restricted real estate transactions.
Try out FORDATA VDR free for 14 days
If the article was valuable to you, please share it with others, e.g. via Facebook or LinkedIn!