Hot Issue (#06 June 2012)

Recent Amendments to Ukrainian Insolvency Procedure

Julia A. Goptarenko

On 19 January 2013 the amendments to the On Restoration of Financial Solvency of the Debtor or Declaring the Debtor Bankrupt Act of Ukraine (hereinafter — the Act) will come into force. These amendments were introduced by Act of Ukraine No.4212-VI of 22 December 2011. The main novels introduced by the said amendments can be summed up as follows: firstly, the Act extends the possibilities of early detection of debtor’s insolvency and introduces the notion of out-of-court rehabilitation...

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