Law #2923-IX of February 23, 2023 is the central regulatory act governing the reconstruction of real estate and the mechanism for paying compensation for housing damaged or destroyed as a result of the war. The adoption of this law was an important step in ensuring the social protection of citizens, which defined the legal and organizational framework for the state to provide compensation for damaged and destroyed certain categories of real estate as a result of hostilities and terrorist acts caused by the military aggression of the russian federation.
In October 2023, the President of Ukraine signed Law of Ukraine #3410-IX, which amended Law of Ukraine #2923-IX and launched the third phase of the comprehensive housing restoration program on January 1, 2024. During the webinar, we discussed and answered the most frequently asked questions from businesses and their employees.
Questions for discussion:
- What categories of immovable property are subject to compensation?
- Recipients of compensation: who can and cannot be compensated
- The scope of Law of Ukraine #2923-IX of February 23, 2023
- Register of damaged/destroyed property
- Sources of funding for the state program
- How is the amount of compensation and the mechanism of its application determined?
- Who has the priority right to receive compensation?
Oleksandr Koval, Attorney at Law, Head of Business Protection Practice, Dispute Resolution Practice, Gramatskiy & Partners Law Firm. Oleksandr advises international and Ukrainian companies on business protection and dispute resolution matters. Oleksandr's in-depth expertise in this area is based on fundamental knowledge of corporate, administrative, civil, commercial, criminal law and litigation.
Volodymyr Dziadevych, Associate, Gramatskiy & Partners Law Firm. Volodymyr is an expert in real estate and international trade. In particular, Volodymyr handles litigation on compensation for business losses and debt collection. Volodymyr also has extensive experience in advising clients on complex cases related to the establishment of logistics routes, management of real estate of various forms of ownership and protection of business after the outbreak of a full-scale war unleashed by russia in Ukraine.