The repeal of the CCU will entail a number of systemic risks that businesses must be prepared for:
• Legal chaos. The CCU is a fundamental act regulating economic activity. Its repeal will lead to a legal vacuum, especially in terms of regulating the forms of enterprises, their property status, and the specifics of contractual relations.
• Increase in the number of disputes. Without a clear legal basis, the parties will be forced to rely on the general provisions of the Civil Code of Ukraine (CCU) and special laws that are not always consistent. This will lead to ambiguous interpretation of legal norms and mass lawsuits.
• Investment uncertainty. Foreign and domestic investors will avoid markets where there is no clear and stable legislation. This will create investment risk and slow down economic development.
• Corruption risks. Uncertainty in legal norms always opens the door to manipulation and corruption, as decisions may be made based on subjective interpretation rather than the law.
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Business actions: Survival and development plan 🛡️
The abolition of the Civil Code is not the end of the world, but rather an incentive for transformation. Timely preparation and the right actions will help you not only survive, but also gain an advantage over your competitors.
1. Comprehensive audit. Engage lawyers to review all existing contracts, statutory documents, and internal regulations. It is necessary to identify all provisions based solely on the provisions of the Civil Code and determine their future fate.
2. Adaptation of documentation. All contracts, agreements, and arrangements should be rewritten to reflect the provisions of the Civil Code and other special laws. This applies to both contracts with partners and employment agreements.
3. Strengthening legal support. During a period of legal change, having your own lawyer or ongoing legal support becomes critically important. The ADVICE law firm is ready to become your reliable partner, who will promptly monitor changes, provide advice, and protect your interests.
4. Communication with partners. Open communication with counterparties regarding changes in the rules of the game will help avoid disputes and maintain trust.
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ADVICE: Your guide to the new legal era 🚀
The transition period will require businesses not only to adapt, but also to take a proactive stance. Instead of panicking, you should look for new opportunities and build new, flexible legal models.
The ADVICE law firm is ready to help you navigate this path. Our experts have experience working in conditions of legal uncertainty and know how to minimize risks and protect your assets.
ADVICE is your partner in a world of change.
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