On 13 July 2023, the Ukrainian parliament passed Draft Law No. 8392, which establishes the State Register of Sanctions and amendments the judicial procedure for seizing frozen assets of the sanctioned persons.
The State Register of Sanctions will be publicly accessible free of charge and will contain up-to-date information about Ukraine’s sanctions decisions, including:
- details of the sanctioned persons (e.g. name, registered address, tax number);
- grounds for imposing, changing or terminating sanctions;
- a list of imposed sanctions;
- the names of state authorities responsible for implementing imposed sanctions;
- other information provided by the National Security and Defense Council's regulation on the Register's functioning.
Reregulation of the National Security and Defence Council of Ukraine Office will determine how the Register will be run and accessed. The State Register of Sanctions will start functioning upon the official publication of the notice of the National Security and Defence Council of Ukraine Office on the commencement of the State Register of Sanctions.
In addition, the law extends the procedural deadlines for consideration of court cases for seizure of frozen assets of the sanctioned persons and clarifies other related procedures.
Specifically, in May 2022, Ukraine amended its sanctions law, allowing the High Anti-Corruption Court to pass decisions on seizure of the frozen assets of the sanctioned individuals in favour of Ukraine. The High Anti-Corruption Court, however, faced significant challenges in meeting the established deadlines for considering those cases due to the complexity of the disputes.
Under the new law, the timeframes that the High Anti-Corruption Court and the Appeal Chamber of the High Anti-Corruption Court consider such cases have been extended. The High Anti-Corruption Court will now have up to 30 days (currently, they have ten days) to consider such cases, and Appeal Chamber of the High Anti-Corruption Court will have up to 15 days (currently, they have five days).
Under the law, the court is entitled to consider those cases even after the termination of martial law as long as the lawsuits for seizing the frozen assets are filed during the martial law effective period.
The new law will take effect when signed by the President of Ukraine and officially published.
For more information regarding digital litigation in Ukraine, contact your usual CMS advisor or local CMS experts: Olga Shenk, Maria Orlyk.
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