Disclosure of the beneficiary of the foreign counterparty to a bank when paying abroad

This obligation is established by the Board of the National Bank of Ukraine and enshrined in Resolution No. 8 dated January 2, 2019. When opening and using a bank account of a Ukrainian company, banks require to get and update information about the owners of such a company. In some cases, banks began to require information about foreign counterparties from Ukrainian companies. Our attorney Anastasia Soloviova will tell us below about when such a requirement is justified and what list of issues should be discussed in advance with a foreign counterparty.

TM, which includes "Ukraine". Peculiarities of trademark registration

The designation "Ukraine" and "UA" as part of a trademark is allowed by the legislation of Ukraine, but for this it is necessary to obtain the consent of the permanent body of the Ministry of Economic Development and Trade (MEDT), namely the Commission on the approval of issues on the introduction of the designation, which contains the official name of the state "Ukraine", to the mark for goods and services. To obtain such a permit, the applicant and his activities must meet certain criteria. This is described in more detail in our article by Tatyana Zhyla, a specialist in the field of intellectual property protection.