Discussion On Ukraine’s Foreign Investment Legal System

One of the main features that characterizes the current state of the world economy is the growth of international ties.The presence in any state of numerous economic relations with other countries,as well as between their subjects of entrepreneurial activity,demonstrates the level of economic,social,cultural and legal development of society.Today,Ukraine is in dire need of attracting foreign investment in the domestic economy in order to create the conditions for its development as an independent,democratic,social and legal country.The practice of investment activity in Ukraine requires the legal science to carry out considerable scientific and theoretical work on the study of relevant issues,in particular,the doctrinal justification of its main categories,the definition of features of certain legal phenomena,the development of new concepts and ideas,the study of the experience of leading foreign countries and other,which aims to develop practical recommendations regarding the improvement of the norms of the current legislation of Ukraine governing the attraction of foreign investments.Ukraine(Ukrainian: УКРА?НА)is located in Eastern Europe,its geographical location is important and it is the intersection of the European Union and the CIS,especially with Russia’s geopolitics.In 1922 it became one of the founding republics of the Soviet Union,the second largest republic after Russia.Ukraine regained its independence after the collapse of the Soviet Union in 1991.It is also one of the most important markets,the third largest food exporter in the world.Ukraine,with its “European grain silos”,has relatively developed industrial and agricultural industries and its agricultural output value accounts for 20% of GDP.Heavy industry occupies a major position in the area.Improving Ukraine’s global business environment and its ranking is one of the most important development directions in Ukraine at the moment.Establishing an effective,fair and honest judicial system that matches it has become the focus of judicial reform in Ukraine.In order to attract foreign investment,in April 2015,Ukraine passed a law on the protection of investor rights.The amendments cover a wide range of issues,such as the derivative litigation system: minority shareholders can file lawsuits in favor of society to recover losses;"Independent manager" system: minority shareholders of open-ended companies can represent their own interests through independent managers;considering the interests of all shareholders,establishing a detailed monitoring system for connected transactions,etc.In Ukraine,the law on foreign investment occupies a very important position in domestic legal science,because investment activities are a means to solve national economic problems and help improve economic,political and cultural living standards.Utilizing foreign capital is an important experience for the successful and efficient development of most countries in the world.In view of the above,in the context of market economy transition,reform of public life,European integration and economic globalization,raising Ukraine’s current laws to European standards has played an extremely important role in attracting foreign investment.Similarly,in China,some enterprises and individuals under the “Belt and Road” initiative have invested in Ukraine,but they know very little about Ukraine’s laws and regulations.They encounter many specific problems in investment practice and urgently need legal protection.Therefore,it is of practical significance to carry out a comprehensive analysis and research on the legal system of foreign investment in Ukraine,especially to consider the current problems and deficiencies in Ukraine’s current legislation in this field.I am a student from Ukraine studying in China,I have studied and lived in China for many years.While studying Chinese law,I also want to introduce Ukrainian law to China and introduce Chinese law to Ukraine to promote legal and cultural exchanges between the two countries.Few people in China systematically introduce Ukrainian law,and there is very little comprehensive review and research of the Ukrainian foreign investment legal system.Therefore,I choose this topic as my master thesis,which has practical significance and theoretical value.I hope that it can help Chinese investors,and also help improve Ukrainian foreign investment laws and regulations,and further attract Chinese investors to invest in Ukraine.In addition to detailing the current legal system in the field of foreign investment in Ukraine,this thesis also compares the requirements of investment laws in some countries outside the region,with a view to putting forward some suggestions for improving the current foreign investment legal system in Ukraine.