«Chambers and Partners»: Practiceguides
Oleksandr BONDARCHUK – Deputy Chairperson of “Ukrainian National Insolvency Trustee Association”, Insolvency practitioner, Managing partner of law Agency “Absolute”, Lawyer
Oleksandr HLADII – Director of law Agency “Absolute”, Insolvency practitioner, Lawyer
The current legislation on restructuring procedures in Ukraine was mainly focused on protecting the interests of debtors, which, given the high level of corruption in the country, led to a low level of satisfaction of creditors’ claims – within 6 – 9 %.
The approved Bankruptcy Procedure Code, which entered into force on 21.10.2019, contains structural changes in bankruptcy procedures and aims to improve the efficiency and effectiveness of the latter.
Thanks to the Code, the bankruptcy mechanism for individuals will be activated, which is also important as it will allow to solve various problems with restructuring of foreign currency denominated mortgage loans.
In an article for the leading international publication in the global practice of “Chambers and Partners”, Oleksandr Bondarchuk and Oleksandr Hladii analyzed bankruptcy in Ukraine.
“Insolvency-2019. Second Edition. Ukraine” is about:
- Market Trends and Developments
- Statutory Regimes Governing Restructurings, Reorganisations, Insolvencies and Liquidations
- Out-of-Court Restructurings and Consensual Workouts
- Secured Creditor Rights and Remedies
- Unsecured Creditor Rights, Remedies and Priorities
- Statutory Restructurings, Rehabilitations and Reorganisations
- Statutory Insolvency and Liquidation Proceedings
- International / Cross-Border Issues and Processes
- Trustees / Receivers / Statutory Officers
- Advisors and Their Roles
- Duties and Personal Liability of Directors and Officers of Financially Troubled Companies
- Transfers/Transactions That May Be Set Aside
- The Importance of Valuations in the Restructuring and Insolvency Process