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Insurance Group Asks for Veto

PRIVACY LAW—UKRAINE

October 19, 2012

An insurance industry group has asked Ukraine’s president to veto a measure to amend the data protection law, KyivPost reports. The League of Insurance Organizations of Ukraine (LIOU) says the amendments “unreasonably extend the powers of the State Service of Ukraine on Personal Data Protection,” the report states. “We think the adoption of this law in such wording, despite numerous plus points, contains serious obstacles to entrepreneurship in Ukraine, creating a serious threat of the appearance of unreasonable additional financial and organizational expenses for businesses, as well as contradicting international standards regarding personal data protection, and the norms of the Ukrainian legislation,” the group stated in its letter.
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