Declaring a Transaction of a Debtor Invalid: a New Approach to an Old Issue
Yaroslav V. Teklyuk, Valeriia V. Tryfonova
On 19 January 2013, a new edition of the On Restoration of Debtor’s Solvency or Declaration of Bankruptcy Act of Ukraine (the Bankruptcy Act) came into force, embodying an ambitious and long-awaited reform of the institution of bankruptcy and insolvency proceedings as a whole. But legal circles are still mulling the new version of the Bankruptcy Act, because its adoption, on the one hand, has introduced a number of substantive progressive innovations but, on the other hand, it has also added some controversial aspects to legal regulation of bankruptcy proceedings…
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