The Cabinet of Ministers has adopted a Decree that improves the procedure for attracting advisors in the process of large-scale privatization

The Cabinet of Ministers of Ukraine adopted Decree No 134 of February 24, 2021 “On Amendments to the Procedure for Attracting Advisors in the Privatization of State-Owned Objects”.

This Decree was developed by the State Property Fund and improves the procedure for attracting advisors in the process of large-scale privatization.

Changes have been made, in particular, in terms of improving the qualification selection of applicants, which will help bring privatization procedures in line with international standards and reduce the risk of unfair competition.

The Decree defines the main tasks of advisors and the procedure for conducting a selection competition, and contains a list of the main criteria for selecting participants at all three stages of the competition.

The practice of attracting advisors in the process of large-scale privatization makes it possible to conduct high-quality preparation of the object for auction taking into account market requirements, present it to a wide range of potential investors in Ukraine and abroad, and ensure compliance with international standards.

For more detail about the Decree: https://bit.ly/2P41IUb