Ukraine: new rules for conversion of FX proceeds
The National Bank of Ukraine (NBU) has introduced the compulsory exchange of 100 per cent of foreign currency proceeds.
The NBU has introduced more rigorous requirements for the mandatory conversion of foreign currency proceeds. Under NBU Resolution No. 515 dated 20 August 2014, local banks are now required to sell 100 per cent of foreign currency proceeds obtained by Ukrainian-resident businesses on their local and foreign bank accounts…
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Briefings from Schoenherr
Poland: Will EAA and Swiss investors be able to freely acquire agricultural and forest real properties as of May 2016?
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Poland: Will EAA and Swiss investors be able to freely acquire agricultural and forest properties as of May 2016?
Restrictions on acquiring agricultural and forest properties in Poland by foreigners from the European Economic Area and Switzerland will cease to be binding in May 2016. Does this mean trade in agricultural real properties will be entirely free?
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