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Телефон: +380 (44) 581-15-51
E-mail: office@gramatskiy.com
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ул. Михайловская, 16
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Публикации

Аналитика. Статьи. Комментарии.

Seal Cancellation. The Ukrainian Journal of Business Law, 27.09.2016

Опубликовано 27.09.2016 Николай Войтович

The draft law #4194 and its aim are not something revolutionary as many may think. In 2014, the transition from the obligatory usage of seals to the optional was implemented, but the main goal has not been achieved because of some omissions which conserved the necessity of corporate seals. So the draft law #4194 is directed to eliminate flaws in the existing legislation on corporate seals.

These amendments were just a matter of time; they fully correspond to a practice of developed countries. Today’s technology rapid evolution has opened possibilities for electronic documents circulation, which is much faster, cheaper, and more comfortable alternative to present paperwork. Ukraine tries to keep up with the times and introduces plenty of electronic services. However, many of these services are available only for natural persons and work in the test mode for business as company stamp must be present on applicable documents. Cancellation of obligatory use of seals will provide business with access to a modern type of cooperation with state bodies and contracting partners.

Still, there is a popular opinion that nonobligatory use of seals creates favourable preconditions for documents falsification. Here must be noted a seal has never been the guaranty against forgery especially lately when it could be produced without any permits. Besides, commercial parties retain the right to establish the necessity of seal usage within their relations as an auxiliary evidence of documents authenticity.

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