Law on industrial design requires changes

Let's say you bake delicious croissants, and those who have tasted them once wait every day for fresh pastries. Today, an Instagram account with photos of croissants from different cafés and their reviews is likely a more profitable business. Croissants are a traditional business. But if you are selling social media accounts, the validity of the deal costs much more. A recent Ukrainian alternative is the Law on Virtual Assets (the "Law"). What risks should be considered and how to mitigate them, why Ukrainian jurisdiction could become a new black for virtual assets – read on...

An importer must pay a private copying levy upon importing recordable media and equipment into Ukraine. A buyer of the device (smartphone, TV set or memory stick) would be the end payer of this levy. Previously it was the government’s responsibility to set the levy rates; however, after the 2018 reform, this right is now vested in a accredited collective management organization (CMO)...