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Zelensky signs law on financial leasing

Source : 112 Ukraine

The document sets the unified order of relations that concern financial leasing, as well as its certain kinds and forms; it defines the demands regarding the form of the agreement on financial leasing
18:44, 9 March 2021

President's press service

President of Ukraine Volodymyr Zelensky has signed the law on financial leasing. Press department of the Office of the President reported that on Tuesday.

The law foresees the unified order of relations that concern financial leasing, as well as its certain kinds and forms; it defines the demands regarding the form of the agreement on financial leasing.

According to the document, the exclusive right to provide the financial leasing service belongs to the subjects that obtained the respective status - in line with the legal framework.

Related: Zelensky signs law on simplification of state property leasing

The special law offers to set crucial conditions of contractual relationships that concern subleasing, which also aim to protect the rights of finance lessors, specifically in case of early termination of the agreement on financial leasing. 

The protection of rights of leasing recipients in Ukraine is supposed to be made equally effective with the rights of an owner regarding the owning and the usage of property.

Related: Ukraine to create national body on intellectual property

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