PRACTICAL ASPECTS OF CURRENCY CONTROL IN EXPORT AND IMPORT OPERATIONS
On December 26, a webinar dedicated to the practical aspects of currency control in export and import operations was held on the LIGA ZAKON Academy platform.
Speakers:
Vladyslav Zhabskyi — Attorney-at-Law, Co-Managing Partner at LBASE, Head of the Business Protection Committee of the Ukrainian Compliance Association.
Hanna Horbenko — Head of the Ukrainian Compliance Association, Director of the Compliance and Financial Monitoring Department at OTP Bank.
During the webinar, the topic of repatriation of foreign currency proceeds was thoroughly and systematically explained — from basic concepts to typical real-life situations that, in practice, cost businesses time, money, and significant stress.
The webinar recording is available via the link.
Key practical takeaways for business from the LBASE team:
– currency risks begin not with an audit, but with the contract — terms must be carefully structured already at the negotiation stage;
– settlement deadlines require continuous monitoring — delays almost always become a trigger for serious issues;
– a bank is not a mere formality, but your business partner: maintaining communication is critically important;
– if a counterparty fails to perform delivery obligations, delays are more costly than timely legal action or an application to the Ministry of Economy;
– during a tax audit, the legal position must be formed immediately, not retroactively — therefore, maximum evidentiary support of your legal position should be provided already at the audit stage;
– early involvement of experienced legal counsel gives businesses the most valuable assets: time, room for maneuver, and a higher likelihood of a favorable outcome.
We would like to thank the LIGA ZAKON Academy for the excellent organization of the webinar and for the cooperation.
The LBASE team has extensive practical experience in handling complex cases related to currency control and tax audits concerning compliance with currency legislation, and knows how to find solutions even in non-standard situations.
Therefore, we will always be glad to assist you.
29.12.2025
