On December 5, 2012, the II Annual Ukrainian Retail Business Forum 2012 was held in Kiev, being a professional forum of leaders of the Ukrainian retail business, as well as owners and tenants of retail facilities. The forum brought together around 120 participants.
Konnov & Sozanovsky was a Consulting Partner of the II Annual Ukrainian Retail Business Forum 2012. Additionally, Olena Kochergina, partner at Konnov & Sozanovsky, delivered a report titled «Termination of premises lease agreements: lessons in inefficiency». Olena spoke of unilateral termination of lease agreements as a common but inefficient method of terminating commercial lease agreements. The inefficiency is due to the high probability of overturning such termination in court because of its inconsistency with paragraph 1 of Article 291 of the Commercial Code of Ukraine, considering the latest tendencies in the practice of the courts. Following this, Olena proposed more efficient alternative methods of terminating premises lease agreements, in line with the legislation and established court practice. Ms. Kochergina illustrated the established court practice with examples of actual disputes over the termination of lease involving Kiev's major trading and business centers.