The President of Ukraine signed Law №2390: What changes and how will it impact businesses?

The law creates the preconditions for stable settlements between market participants and paves the way for the final transition to a competitive model of the electricity market. The law also provides for amendments to the Bankruptcy Code of Ukraine designed to protect SE Energorynok from bankruptcy and provide conditions for repayment of debts accumulated before July 1, 2019.

It is worth noting that the moratorium on satisfaction of creditors’ claims during bankruptcy proceedings, according to the law, does not apply during the period of settlements between electricity market participants in accordance with this legislation.

Volatility in the electricity market can create risks for business, including disruptions in energy supply, financial losses due to bankruptcies of counterparties, as well as legal complications in the settlement of mutual debts, so Law №2390 helps to resolve the accumulated problems of the past and creates legal grounds for the development of a competitive model of the electricity market.

GOLAW’s experts have many years of experience in legal support of companies in the energy sector. We offer:

• legal analysis of the situation and risk assessment for your business;
• strategic planning to protect your assets and ensure business stability
• representation of interests in courts in resolving disputes related to debts in the energy market.

Use the opportunities created by the new legislative changes to protect your business and strengthen its position in the market! 

Fill out the form below to get a consultation from GOLAW’s experts.