The Verkhovna Rada adopted Law No. 4196-Ih, initiated by the people's deputies, which provides for the abolition of the Code of Economics from August 28, 2025 and introduces a three-year transition period to adapt state, communal and private enterprises. This is reminded by the press service of the parliament. The message emphasized that the reform updates the organizational and legal forms of legal entities, makes them more transparent and clearer, and also eliminates duplication and obsolete norms. The Ministry of Justice reminded that from today there is the Law of Ukraine No. 4196-IX " He officially terminated the effect of the Civil Code of Ukraine and the transition period lasting 3 years to streamline legal regimes and forms of legal entities was determined.. With the introduction of this law, a three -year transition period begins - as a kind of " " First six months (up to 28. 02. 2026): Subjects of state property management must decide on the termination of state enterprises - through transformation (in AO or LLC) or liquidation; It is also possible a decision to privatize a single property complex. If the decision was not made within the allotted time, the Cabinet of Ministers makes a decision on the transfer of a single property complex of such a GP to the regional management sphere of the State Property Fund, and FGIU during the year from the date of registration of the transfer decides the issue of termination of the enterprise or privatizing its complex. From today it is forbidden to create a legal entity in the forms of a state, communal, private enterprise, etc.. Three years later (from 28. 08. 2028) The ban will enter into force to make changes to information in the United States regarding state and communal enterprises (except for the specially provided for exceptions: transformation/liquidation, change of head/commission for termination, transfer to FGIU, opening a bankruptcy case). The law reforms the institutions of the rights of economic management and the law of operational management. After the completion of the transition period, the legal regime of property of such entities will draw up the right to own or Uzufrt (personal gratuitous possession and use of state property). From today, it is forbidden to consolidate property for legal entities on the right of economic management or operational management. The reform will also affect the enterprise of the communal and private form of ownership, since a number of organizational and legal forms (in particular the \; The activities of business companies are regulated.

It is clarified that in terms of regulation of relations on the creation or activities of societies founded by private entities, one should turn to special laws (for example, " In turn, the Committee on Economic Development once again emphasized that it is important for business and state bodies to make a decision on the transformation of state enterprises into modern forms - joint -stock companies or limited liability companies. Recall that the Rada voted to amends the law on the judicial system and the status of judges and some legislative acts regarding the improvement of the adoption and proclamation of court decisions. Previously, the Rada approved the draft law on a full jury in Ukraine as a basis. News from Telegram and WhatsApp. Subscribe to our channels https: // t. Me/Korrespondentnet and WhatsApp Author: 1.