ANTI-RAIDER LAW: INTENTIONS ARE WORTHY, BUT WILL THERE BE A RESULT?

PHOTO: agropolit.com

A very positive step towards overcoming raiding was the adoption by the Verkhovna Rada of Ukraine of the draft law №1056-1 “On amendments to certain legislative acts of Ukraine on the protection of property rights”. The changes affected a number of legislative acts, one way or another related to the alienation of property rights.

First of all, the document introduced mandatory notarization of contracts on the alienation of corporate rights, the principle of synchrony between notarization and state registration of rights procedures. In addition, the amendments to the Code of Ukraine on Administrative Offenses increased responsibility for violation of the procedure for registration proceeding and removed persons authorized to carry out registration actions of the so-called accredited entities from the list.

It was a timely step to improve the legislative procedure of determining the volume of civil capacity of individuals and verification of civil legal capacity and capacity of legal entities, verification of the authority of a representative of a natural or legal person. In a number of regulations, there is the mandatory provision on the introduction of check of letter of authorization only by querying the Unified register of powers of attorney. I hope this will prevent any illegal manipulation of the relevant documents. In addition, this will be one of the levers that can ensure a necessary level of security of legal transactions.

Andriy Pomazanov, the UIF expert on the reform of the law-enforcement authorities, judicial bodies and judicial branch

First published: Liga.net