In the beginning of January 2017, the Unified Registry of Debtors (hereinafter, "the Registry") has been officially launched.

Тhe Registry should contain the information about debtors under enforcement proceedings, which were commenced after the Registry was launched (i.e., after 5 January 2017) and general description of the initiated enforcement proceedings.

The Registry is publicly available online here. The access to the Registry is free of charge. The search in the Registry can be made based on the following parameters: (a) for individuals – full name of the individual, date of birth and identification code, and (b) for companies – full name of the company and the EDRPOU code.

Debtors under enforcement proceedings commenced before 5 January 2017 will not be included into the Registry. Creditors under such enforcement proceedings will not benefit from the Registry's special status (more information about the Registry's status can be found in our previous legal alert).

Legislation: the Law of Ukraine "On Enforcement Proceedings" dated 2 June 2016; Order of the Ministry of Justice of Ukraine No. 2432/5 dated 5 August 2016 "On Approval of Regulation On Enforcement Proceedings Automatic Distribution System"

Dentons is the world's first polycentric global law firm. A top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm is committed to challenging the status quo in delivering consistent and uncompromising quality and value in new and inventive ways. Driven to provide clients a competitive edge, and connected to the communities where its clients want to do business, Dentons knows that understanding local cultures is crucial to successfully completing a deal, resolving a dispute or solving a business challenge. Now the world's largest law firm, Dentons' global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size in more than 125 locations serving 50-plus countries. www.dentons.com.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.