The Ministry of Justice has expanded the procedure for the automatic seizure of debtors accounts. Such seizure may be implemented against all debtors under court decisions.

This is stated in the Ministry’s Resolution, dated 23 March 2021, No. 1061/5. The Resolution may be found here https://zakon.rada.gov.ua/laws/show/z0399-19?lang=en#Text

Taras Olytsky, Partner at Sytnyk & Partners discussed the resolution on the First Business TV Channel.

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