Ukraine | Public Procurement Law: New Amendments Passed

The draft Law On Amending the Public Procurement Law to Improve International Compliance and Fight Corruption was approved by the Verkhovna Rada (Parliament) of Ukraine on 15 September 2015. If signed by the President, this law will bring a revision of a number of substantial rules on how to proceed with public procurement in Ukraine.

Read about the following selected changes that will be of importance for potential bidders by downloading the full Client Alert below:

• Increase of financial thresholds
• Procurement plans publication
• Increase of the submission deadline in medium-to-large tenders
• Less formalism in terms of evidence
• Exclusion of suretyships from security instruments
• Requirements on anti-corruption compliance of bidders
• Changes to framework (“long-term”) procurement
• Use of platts indices
• More sophisticated grounds for appeals
• New exemptions from public procurement law
• Several novelties look rather questionable