Opening corporate insolvency procedures in Ukraine: Easy-come, easy-go? by Ivanna Artemovych and Anton Molchanov
The questions of when – and even a more important one – under what conditions – insolvency protection is to be granted to certain debtor companies are pivotal in determining the efficacy of any insolvency case.
By entering insolvency proceedings, a debtor might at least receive such benefits as,
a) stop the possible race of competing creditors against the debtor’s assets and