Vasil Kisil & Partners and the Joint Investment Institutions Department of the Securities and Stock Market State Commission invites mass media representatives, asset management companies, investors and other business operators to participate in a press conference entitled:
 

Date: August 07, 2009
Time: 11.00 – 12.00
Place: InterMedia Press Hall, 17/52A B. Khemlnitskogo Str., First floor, Kyiv 01030, Ukraine

As of February 10, 2009, when the Law of Ukraine “On Amending the Law of Ukraine “On Joint Investment Institutions (Mutual and Corporate Funds)” came in effect stock market players and business operators are granted new opportunities to use JIIs capabilities to optimize domestic business operations, to enhance tax planning and business structuring. This new law may be qualified as an antirecession instrument for the stock market and the real economy. Due to this very law, conditions for joining funds in order to avoid their liquidation were brought into being, a list of transactions, which asset management companies may enter into, was significantly extended, individuals became entitled to participate in venture funds, and quantitative restrictions on properties to be acquired as assets of the fund were lifted, etc. Said novelties are helpful to promote business activities, reduce tax burden of business operators, and attract foreign investors, etc.

However, the lack of subordinate legislation restrains actual implementation of this law. Moreover, with the Law of Ukraine “On Joint Stock Companies” coming into effect, there is a conflict of law as related to the status of a corporate investment fund impeding further incorporation of corporate investment funds as open (public) joint stock companies and constricting market opportunities. The press conference participants will review the current rule-making situation of the Securities and Stock Market State Commission and explain how new law norms are applied in practice.

The press conference is to cover the following issues:

1. New opportunities of JIIs for the real estate and construction market and for implementation of infrastructure projects. Composition and structure of JII assets in terms of Law of Ukraine No. 693, dated December 18, 2008

2. Trends and perspectives of JII market development in Ukraine

3. Case Studies: Vasil Kisil & Partners’ practice related to the implementation of projects involving joint investment institutions

The following speakers will answer your questions:

Evgeniy Ivanov, Head of the Joint Investment Institutions Department of the Securities and Stock Market State Commission (SSMSC)

Oleg Alyoshin, Partner of Vasil Kisil & Partners

Natalia Dotsenko-Belous, Senior Associate with Vasil Kisil & Partners


REFERENCE

Evgeniy Removich Ivanov holds а position of the Head of the Joint Investment Institutions Department of the Securities and Stock Market State Commission. Mr. Ivanov drafted the regulatory framework for governing activities of joint investment institutions, amendments to tax laws of Ukraine as related to activities of joint investment institutions; he authored a number of training programs related to operation of the stock market and institutional investor’s activities in Ukraine. He is a qualified expert on the international capital markets for the London Securities Institute.

Oleg Y. Alyoshin is a partner of Vasil Kisil & Partner, attorney-at-law, and a member of the International Bar Association (IBA); he has been practicing law since 1992. Mr. Alyoshin is in charge of Real Estate & Construction Group and also leads the Infrastructure, Energy and Natural Resources Practice of Vasil Kisil & Partners.

Oleg Alyoshin is acting as a designated Ukrainian partner for "Doing Business", World Bank Group Project, within the framework of which he annually provides peer review of the Ukrainian legislation in the sphere of business operations and its application. From 2009 Mr. Alyoshin is a Chairman of European Business Association Real Estate Committee.

Natalia Dotsenko-Belous is an attorney-at-law with Vasil Kisil & Partners, she is an asset management and securities trade expert certificated by the Securities and Stock Market State Commission and an author of the “Legal Encyclopedia in Construction Financing”, as well as the newly released "Construction Financing Strategies" (http://www.financial-strategies.com.ua).
Mrs. Dotsenko-Belous is recognized as the best real estate lawyer following results of the “The Best Lawyer. The Client's Choice 2008”.

Vasil Kisil & Partners is one of the leading and long-established law firms in Ukraine that has impeccable reputation, unique expertise and is providing top quality services to its clients. Founded in 1992, the firm has assembled a talented team of experienced and skilled lawyers dedicated to the highest level of service adhering to internationally accepted professional and ethical standards. VKP provides legal support to both Ukrainian companies operating abroad as well as foreign and international corporations doing business in Ukraine. The firm specializes in matters that require diligently tailored solutions, extensive experience, and direct personal attention of partners working with a team of recognized professionals.

Accreditation is obligatory. Please contact us by phone: +38 044 581-77-77 or by e-mail: pr@vkp.kiev.ua. Contact person is Olga Shevchenko