On Sept. 25, the High Anti-Corruption Court (HACC) partially granted the request of the attorney for the former CEO of Naftogaz Andriy Kobolyev, reducing the bail amount from Hr 229 million ($6.2 million) to Hr 107 million ($2.9 million). For a detailed analysis of this case from a corporate governance perspective, see series of columns by SOE Weekly team members Andriy Boytsun, Oleksandr Lysenko, and Dmytro Yablonovskyi: Are Kobolyev’s bonuses a threat to corporate governance reform?
On Sept. 2, Law No. 3293-IX on the corporate governance of the Gas Transmission System Operator of Ukraine (GTSOU) went into effect after it was published in one of the official newspapers, Holos Ukrayiny. According to YouControl, the procedure to end Main Pipelines of Ukraine (MGU) as a legal entity began on Sept. 5. The shares of MGU are held by the Energy Ministry.
Law No. 3293-IX was known earlier as Draft Law No. 9311-1-d. This is most likely because it has not yet been published in one of the official gazettes: Ofitsiyny visnyk Ukrayiny, Uryadovy kuryer, Holos Ukrayiny, or Vidomosti Verkhovnoyi Rady. After being appropriately adopted and signed, laws of Ukraine must be promulgated in the official language in official printed gazettes within fifteen days, according to a relevant Presidential Decree.
1. The Verkhovna Rada adopts a draft law on the merger of GTSOU and MGU. On July 28, 2023, MP Yaroslav Zheleznyak (Holos faction) reported that the Verkhovna Rada adopted Draft Law No. 9311-1-d on the corporate governance of Gas Transmission System Operator of Ukraine (GTSOU).