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Projects

Projects

Lawyers of PARITET law firm have provided a legal advice on matters of currency control for import transactions

16.10.2014

Client: large importer of dairy products

Under the supply agreement, the Client of PARITET law firm has imported the goods in Ukraine. The customs entry was registered more than 180 days ago. Contractual payment has been settled in part.

This September, the National Bank of Ukraine has banned payments in foreign currency for import contracts, for which the term after registration of customs entry exceeds 180 days. In this regard, due performance of treaty engagements has become impossible for the Client.

Lawyers of PARITET law firm have provided a legal advice on how within the law the Client can meet obligations for the counterpart and relieve a transaction from foreign currency control.