News 2 - The Committee on Industrial and Investment Policy recommends that the Parliament should reject the draft law on amendments to part three of article 4 of the Law “On Investment Activity” re conclusion of an agreement with developers of multi-storey buildings - Verkhovna Rada of Ukraine

The Committee on Industrial and Investment Policy recommends that the Parliament should reject the draft law on amendments to part three of article 4 of the Law “On Investment Activity” re conclusion of an agreement with developers of multi-storey buildings

Information Department of the Verkhovna Rada of Ukraine Secretariat
Published on 09 October 2013, at 16:20

The bill (Reg. No. 2206a) suggests making amendments to the existing law, under which modes of investment and financing construction of housing projects, involving non-state funds of legal and natural persons, can be carried out through construction financing funds, real estate transaction funds, collective investment institutions, or by “other means, if the latter do not contradict legislation”.

Committee members believe that implementation of bill provisions “can weaken protection of interests of investors-objects of housing construction and establish different fraud schemes in the sphere of housing financing”.

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