Corporate raiding in Ukraine has grown each year since 2014
Thursday, July 5, 2018

Corporate raiding in Ukraine has grown each year since 2014

Corporate raiding in Ukraine has grown each year since 2014, according to the Prosecutor General’s Office. There were 414 corporate raids reported in 2017, compared to 234 raids reported in 2014. Maksym Lazarev tells Opendatabot: “Less than 1% of cases are submitted to court, while the majority are closed owing to the absence of a criminal offense. Law enforcement doesn’t much like economic cases and tries to avoid their investigation.” No longer the preserve of Ukrainians, some long term foreign residents have learned the black arts of stealing companies. Concorde Capital’s Zenon Zawada writes: “These statistics are merely the latest evidence of how President Poroshenko, and his two prime ministers, have failed to reform Ukraine’s decrepit judiciary and law enforcement in a meaningful way that helps business, particularly foreign investors.”

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