Bate C. Toms, who have been working in Ukraine for a long time, states, that for quick recovery of its private sector Ukraine needs (1) to identify and facilitate foreign, as well as domestic, investment in sectors where significant economic growth is presently feasible, (2) to provide for political risk insurance for such investments, and (3) to ensure better rule of law protection in Ukraine for investment, principally by creating a legal ombudsman to stop abuses of law against investors and allow investors to feel secure legally. He considers irrigation farming, port and freight railways development, tourism, IT/software development, energy and financial sectors as priority areas for investments.
The legal ombudsman is to be an eminent jurist, like the legal ombudsman in Sweden where this institution was first used in the early twentieth century to address corruption in their courts.
Bate C. Toms had many years of oil and gas experience, including for U.S. and U.K. exploration and development, before coming to Ukraine, where he handled most of the initial legal work for Western investment in Ukrainian oil and gas projects. Read more at www.kyivpost.com
The legal ombudsman is to be an eminent jurist, like the legal ombudsman in Sweden where this institution was first used in the early twentieth century to address corruption in their courts.
Bate C. Toms had many years of oil and gas experience, including for U.S. and U.K. exploration and development, before coming to Ukraine, where he handled most of the initial legal work for Western investment in Ukrainian oil and gas projects. Read more at www.kyivpost.com
