Expected Advance and New Controversies

For many years significant gaps and loopholes in Ukrainian insolvency law have been used for unfair business schemes. But at the beginning of 2013 significant amendments to legislation were introduced. The new rules had an impact on both debtors and creditors and were long expected in the country.

At the same time, debt restructuring has proceeded over the current year across various economic sectors. Large-scale restructuring is still pending for industrial heavyweights. Notably, the favorable market for Eurobond offerings in the first quarter coincided with restructuring on previously issued debt securities by the corporate sector.

In this October issue the team of contributors discovered both advanced provisions and newly added controversies of the regulation of insolvency proceedings. On the front of capital markets borrowings, liability management is brought under thorough review.

While opting for monthly discussion, we addressed an extremely dynamic legal practice with a bit of sensitive political taste. We decided to examine recent developments in international arbitration and provided a superior update to this dedicated issue.

Нарру reading,
Olga Usenko