Question

In: Economics

Define what are the political and legal environment in Ukraine country. Explain both only according to...

Define what are the political and legal environment in Ukraine country. Explain both only according to chapter 3 of book international business environment and operations 6th edition by Daniel ,Radebaugh,sullivan. please write down minimum 700 words with references where you collect information?

how much time you should take more?

Solutions

Expert Solution

1.Plitical Framework

Current political leaders

President: Volodymyr Zelensky (since 20 May 2019)
Prime Minister: Volodymyr Groysman (since 14 April 2016)

Next Election Dates

Presidential:March,2024
Supreme Council: July 2024

Current Political Context

In a climate of great distrust of the population with regard to the corruption and the slowness of reforms, the actor and television producer Volodymyr Zelensky won the presidential election in April 2019, winning more than 73% of the votes in the second round against outgoing president Petro Poroshenko. The latter was criticised for his poor record of reforms mandated by the IMF, the least progress in the fight against corruption and the lack of progress with regard to the conflict in eastern Ukraine (Donbass). During his campaign, Zelensky promised to tackle the latter two issues first. It called legislative elections in July 2019, in which he obtained an absolute majority allowing it to carry out his reforms.
In Paris on December 9, 2019, under the mediation of French and German leaders, Mr. Macron and Ms. Merckel, for the first time in three years, the Russian and Ukrainian presidents met to discuss the Donbass issue. This interview allowed a certain thaw in Russian-Ukrainian relations and prisoner exchanges took place. On December 27, 2019, a tripartite meeting between Ukraine, Russia and the EU took place in Minsk, leading to the renewal for five years of the contract binding Gazprom and Naftogaz governing the transit of gas from Russia to the EU by Ukraine. The Russian giant Gazprom has pledged to pay 2.9 billion USD to its Ukrainian counterpart Naftogaz, in accordance with the decision taken in February 2018 by the Stockholm arbitration court. However, Russia has not canceled its Nord Stream 2 pipeline project linking Russia and Germany and doubling the capacities of Nord Stream 1, which would cause revenue losses for Ukraine of around 3 billion USD per year. Despite the late US sanctions, the project has started.
The end of 2019 was also marked by the historic impeachment process against US President Donald Trump. The latter is the subject of two counts of abuse of power and obstruction of the proper functioning of the Congress, because he had asked Ukraine to investigate one of his potential presidential rivals and he had refused to participate to the dismissal investigation against him. Donald Trump is accused of conditioning the payment of US $ 400 million in aid to the opening of an investigation into the activities in Ukraine of Hunter Biden, former member of the board of directors of the Ukrainian gas company Burisma and son of the former vice-president and favorite of the 2020 Democratic primaries Joe Biden. Avoiding being drawn into American partisan politics, the Ukrainian government focused on restoring peace in the Donbass.

Main Political Parties

Among the main parties represented in parliament stand:
- Servant of the people: founded in 2016 under the name of Party of decisive change, then renamed according to the comic television series whose main character is Volodymyr Zelensky
- Opposition platform - For life: pro-Russian, center
- Union Panukrainienne “Patrie”: center right
- European solidarity: formerly Bloc Petro Peroshenko, pro-Russian, center-right
- Voice: founded in 2019 by singer Sviatoslav Vakartchouk, center-right
- Oleh Liachko Radical Party: right
- Strength and Honor: center right
- Opposition bloc: pro-Russian

Type of State

Ukraine is a parliamentary democracy.

Executive Power

The President is the head of state and is elected by universal suffrage for five years. He is the commander-in-chief of the army and it is he who appoints the Prime Minister - the head of government - once he has been appointed by Parliament, as leader of the party or of the majority coalition. The Prime Minister's term is five years. Executive power is shared between the President and the Prime Minister. The President chooses the Minister of Defense and the Ministry of Foreign Affairs, the other ministers of the Council are chosen by the Prime Minister.

Legislative Power

The legislature in Ukraine is unicameral. The parliament called Supreme Council consists of 450 seats with its members chosen on a proportional basis from those parties that gain 3% or more of the national electoral vote; members serve five-year terms. The President has the power to dissolve the Supreme Council, if he so wishes. The people of Ukraine have limited political rights.

2.LEGAL FRAMEWORK OF BUSINESS

Equity of Judgments

Equal Treatment of Nationals and Foreigners

Equal treatment is stipulated by law, but its application is often imperfect. Foreign nationals cannot expect an impartial trial from the country's judicial system.

The Language of Justice

The judicial language used in the country is Ukrainian and Russian.

Recourse to an Interpreter

Having an interpreter is possible.

Legal Similarities

The main source of the law is the constitution of 1996. The country's legal system is based on a civil law system and judicial reviews of various legislative acts.

The Different Legal Codes

Labour Law

Law relating to employment rights, contracts, employment conditions and social and arbitration protection.

Commercial procedure law

Laws relating to relationships and conflicts between citizens, legal entities and the State. Laws relating to accountability issues.

Law on Foreign Investment in the Ukraine

Law of 1996.

The Jurisdictions

Common Law Court

Civil and criminal matters

Court of Appeal

Appeal of legal decisions

Common Law Supreme Court

Supreme Court of Appeal

Supreme Court of Commerce

Supreme Court of Appeal of Commerce

Constitutional Court

Specialised in constitutional justice matters

Tribunal of Commerce

Between legal or private entities who have an entrepreneurial status.

Arbitration Courts

Independent from the public legal system, they carry out commercial arbitration in the classic sense of the word.


Related Solutions

Define what are the political and legal environment in Ukraine country for foreign investors. Explain with...
Define what are the political and legal environment in Ukraine country for foreign investors. Explain with sub parts of individualism, masculinity, democracy, collectivism, totalitarianism? write minimum 700 words with references.
what are the political and legal environment in Ukraine country for international trade ? Explain political...
what are the political and legal environment in Ukraine country for international trade ? Explain political factors like individualism, collectivism, masculinity, democracy and totalitarianism. elaborate every term with sub parts.write down minimum 700 words.
what is the legal environment for international trade in Ukraine. Explain both rule of law and...
what is the legal environment for international trade in Ukraine. Explain both rule of law and rule of man. write minimum 300 words?
Explain the political and legal environment of ShoeDazzle online business?
Explain the political and legal environment of ShoeDazzle online business?
The definition of ‏Legal and Political environment in oman?
The definition of ‏Legal and Political environment in oman?
Identify the political, legal, and macro-economic environment of your importing country Saudi Arabia, and examine the...
Identify the political, legal, and macro-economic environment of your importing country Saudi Arabia, and examine the general business environment of Saudi Arabia. Type of political system, potential political instability, political rights, freedom status, and economic freedom; Type of legal system, level of rule of law, corruption, intellectual property protection, easiness of doing business; Economic environment (GDP growth rate, income/capital PPP, unemployment rate, inflation rate, size of middle class, productivity, etc.); Trading relationship (history, volume, products) with the United States; Identify...
Explain the effect of globalisation on the Financial Planning Environment. Include political, legal and other environmental...
Explain the effect of globalisation on the Financial Planning Environment. Include political, legal and other environmental factors within your explanation.
1)what is the General External Environment in India? (include these segments: demographic; economic; political/legal; sociocultural) 2)...
1)what is the General External Environment in India? (include these segments: demographic; economic; political/legal; sociocultural) 2) what does the article tell us about global business pitfalls when trying to enter a new market?
Choose a foreign country. Research and discuss the triumvirate of political, economic, and legal systems in...
Choose a foreign country. Research and discuss the triumvirate of political, economic, and legal systems in the country that you chose. Discuss how these factors can affect economic progress.
One area that is becoming increasingly important to business firms is the political-legal environment because it...
One area that is becoming increasingly important to business firms is the political-legal environment because it presents certain risks (for example, terrorism) that must be dealt with. Lloyd's of London is a famous insurance company that is one of the world's largest underwriters of terrorism insurance. In a speech in Toronto in November 2007, a Lloyd's spokesman warned about terrorism and political risk, saying that it is a threat not simply to governments, but also to businesses. The global economy...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT