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Grand changes await the Ukrainian business environment. As of August 28, 2025, the Commercial Code of Ukraine loses its force. This is not just a formality, but a fundamental reform that puts the regulation of business on new tracks. From now on, all economic relations will fall under the jurisdiction of the Civil Code of Ukraine (CCU) and other special laws.
Although the changes take effect as early as 2025, the state grants business a three-year transition period, until August 28, 2028. This is enough time to:
Update the statutory documents.
Review the ownership structure.
Bring all current contracts into compliance with the new rules.
The biggest changes will affect state and municipal enterprises, since the law prohibits creating them in the new form. Existing enterprises have received a clear action plan:
By February 28, 2026 they must make a decision:
Reorganize into a JSC or LLC with a 100% state share.
Transform into a non-commercial company.
Liquidate.
If the management does not make a decision in time, the enterprise will be terminated by a decision of the state.
With the abolition of the Commercial Code, contracts that were previously regulated by it will now fall under the effect of the Civil Code. Important points
Regulation of contracts: Chapters 52-53 of the CCU will now become key for the conclusion and performance of all deals.
Standard contracts: Article 630 of the CCU has been supplemented with new provisions on standard and model contracts that were previously in the Commercial Code.
In addition, business will say goodbye to the regimes of “economic management” and “operational management”. Instead of them, standard civil-law instruments will be applied: ownership, lease or usufruct. This makes the management of state property more transparent and closer to European standards.
The abolition of the Commercial Code is a step toward simplifying the regulation of business and reducing the duplication of rules. This will make it easier to choose an organizational form, provide more clarity regarding the management of state property, and give time for gradual adaptation.
The main conclusion: for every enterprise it is critically important to prepare for these changes in advance: to update the constituent documents, check current contracts, and develop a strategy for adapting to the new rules ahead of time.
As of August 28, 2025, the Commercial Code of Ukraine loses its force. This is a large-scale change that affects the regulation of economic activity.
This is a fundamental change to the legal field: some of the rules are being transferred to the Civil Code and other laws, so business needs to adapt.
Check the charters, contracts and internal documents for compliance with the updated legislation and, if necessary, make changes to avoid risks.
Concluded contracts continue to operate, but individual provisions are worth reviewing for compliance with the new rules that replace the code.
Yes, a lawyer will help assess the impact of the changes on your business and bring the documents into compliance with the new regulation in time.
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