A Partner for Salkom Law Firm Tymofii Sykorskiy participated in a committee hearings on the topic: "Investment’s in residential real estate protection and ways to resolve the problems of affected investors". The event was held on 04.11.2019 by the Committee on State Building, Local Governance, Regional and Urban Development of the Verkhovna Rada of Ukraine.
There are two main directions of efforts in this sphere. The first is the development of an effective mechanism for preventing long-term construction and restoration of affected investor’s rights, as well as developing an algorithm of what to do with existing long-term construction. The second is to provide a transparent mechanism for the construction business and to prevent pressure on enterprises in this industry.
It should be mentioned that while drafting any legislative proposals in this sphere, it is extremely important to avoid complication of the construction business, since any prohibitions in this area can have an adverse effect on the economy of the country.
As a result of the hearings, the proposals of the participants will be considered by the Committee during the preparation of appropriate recommendations.