Ukraine's New Civil Code Draft
A new draft of Ukraine's Civil Code, also known as the Code of Private Law, has been officially registered in the Verkhovna Rada on the Day of Unity. This comprehensive document, spanning 832 pages, is the result of nearly six years of work by the Working Group on Recodification of Civil Legislation and involved contributions from 247 legal experts. This legislative overhaul represents a significant step in modernizing the country's legal framework.
Significance of the New Draft
This version marks the first major codification submitted by the parliament's ninth convocation. Its development follows the repeal of Ukraine's Economic Code, which lost force on August 28, 2025, following a decision made in January of that year. The repeal initiated a three-year transition period; within the first six months, all state-owned enterprises in Ukraine must be transformed into joint-stock companies or limited liability companies with 100% state ownership. This legal reform is part of a broader effort to align Ukraine's commercial and civil law with international practices.
Ruslan Stefanchuk noted: 'After nearly six years of work by the Working Group on the Recodification of Ukraine's Civil Legislation, today, on the Day of Unity, we are registering the new draft of the Civil Code of Ukraine (Code of Private Law) in the Rada.'
The adoption of this new Civil Code draft is a crucial move in reforming Ukraine's legal system, with potential impacts on business operations and the protection of citizens' rights. Given the upcoming changes in economic legislation set to take effect in the coming years, this codification could significantly enhance legal certainty for businesses and investors.
The development of the new code also demonstrates the state's commitment to modernizing its legislation in line with European standards. Ruslan Stefanchuk also thanked all participants in the process, including the Security and Defense Forces, energy workers, and utility workers operating under difficult conditions, emphasizing that 'Ukraine will rightly receive the best civil law codification in the world.'