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    Debtor's period
    2025-02-27

    Russia's full-scale invasion of Ukraine has caused significant changes in all areas of Ukrainian life, and litigation is no exception. Some legal provisions that had previously been fully operational lost their relevance with the onset of martial law, and vice versa – a significant number of issues began to require regulation by the state. The bankruptcy sector in Ukraine has also been affected by this issue, and the legislator has faced a number of issues that have arisen and need to be resolved within the framework of bankruptcy proceedings.

    Filed under:
    Russia, Ukraine, Insolvency & Restructuring, Litigation, GOLAW
    Authors:
    Kateryna Manoylenko , Kateryna Tsvetkova , Ihor Selivakin
    Location:
    Russia, Ukraine
    Firm:
    GOLAW
    The President of Ukraine signed a law on measures aimed at repayment of debts in the wholesale electricity market: what changes and how will it affect business?
    2025-01-06

    On January 2, 2025, President of Ukraine Volodymyr Zelenskyy signed Law №2390 aimed at repaying debts incurred in the wholesale electricity market before July 1, 2019. The document, initiated back in 2019, was an important step towards stabilizing the country’s energy market.

    Filed under:
    Ukraine, Energy & Natural Resources, Insolvency & Restructuring, GOLAW, Energy
    Location:
    Ukraine
    Firm:
    GOLAW
    Ukraine concludes historic restructuring of US$20.5 billion of international bonds
    2024-09-10

    On 3 September, 2024, Ukraine announced that it successfully concluded the restructuring of approximately US$20.5 billion of Ukraine's international bonds and the sovereign-guaranteed debt obligations of the State Agency for Restoration and Development of Infrastructure (Ukravtodor), exactly three months from the date Ukraine first entered into restricted negotiations with the representative bondholder committee. The comprehensive debt restructuring follows Ukraine's successful two-year debt payment deferral effected in 2022.

    Critical debt relief

    Filed under:
    Ukraine, Insolvency & Restructuring, White & Case, Critical infrastructure
    Authors:
    Ian M. Clark , Olga Fedosova , Dimitrios Lyratzakis
    Location:
    Ukraine
    Firm:
    White & Case
    Bankruptcy during martial law: what is established by the new laws
    2024-02-27

    Details on the application of bankruptcy procedures during martial law

    This year, the Verkhovna Rada of Ukraine adopted two laws that introduced a number of innovations in the bankruptcy procedure. The amendments to the Code of Ukraine on Bankruptcy Procedures (hereinafter – the Code) were primarily driven by the challenges of martial law in Ukraine and the need to harmonize Ukrainian legislation with EU standards.

    Filed under:
    Ukraine, Insolvency & Restructuring, GOLAW
    Authors:
    Kateryna Tsvetkova
    Location:
    Ukraine
    Firm:
    GOLAW
    Barriers to bankruptcy
    2024-02-27

    Appeal to the court with an application for opening of bankruptcy proceedings is a complex and challenging task. Applicants in such cases must not only take into account the provisions of the law but also a significant number of conflicting positions set forth in the rulings of the Supreme Court. In particular, the existing approach to the category of "dispute over the right" in bankruptcy cases may become a barrier.

    Filed under:
    Ukraine, Insolvency & Restructuring, Litigation, GOLAW
    Authors:
    Kateryna Manoylenko , Kateryna Tsvetkova
    Location:
    Ukraine
    Firm:
    GOLAW
    Банкрутство в період дії воєнного стану: що встановлено новими законами
    2024-01-25

    Зміст

    Filed under:
    Ukraine, Insolvency & Restructuring, GOLAW
    Authors:
    Kateryna Tsvetkova
    Location:
    Ukraine
    Firm:
    GOLAW
    Бар’єри у банкрутстві
    2024-01-23

    Звернення до суду із заявою про відкриття провадження у справі про банкрутство — це комплексне і складне завдання. Заявникам у таких справах необхідно не лише враховувати положення законодавства, а й зважати на значну кількість суперечливих позицій, викладених у постановах Верховного Суду. Бар’єром, зокрема, може стати наявний підхід до категорії «спір про право» у справах про банкрутство.

    Filed under:
    Ukraine, Insolvency & Restructuring, Litigation, GOLAW
    Authors:
    Kateryna Manoylenko , Kateryna Tsvetkova
    Location:
    Ukraine
    Firm:
    GOLAW
    Притягнення керівництва та засновників банкрута до майнової відповідальності: що нового?
    2023-11-27

    Задоволення кредиторських вимог є одним з основних завдань процедури банкрутства.

    Так, задля унеможливлення використання юридичної особи як інструменту безпідставного збагачення чужим коштом, законодавець передбачив додаткові гарантії захисту прав та інтересів кредитора від недобросовісних боржників шляхом покладення відповідальності за зобов`язаннями юридичної особи на органи управління юридичної особи, відступивши від загального принципу корпоративного права про розмежування відповідальності учасника (акціонера) та відповідальності юридичної особи.

    Filed under:
    Ukraine, Insolvency & Restructuring, Vasil Kisil & Partners, Bankruptcy
    Authors:
    Yurii Kolos , Yana Hembarovska
    Location:
    Ukraine
    Firm:
    Vasil Kisil & Partners
    Податкові спори банкрута: де розглядати?
    2024-05-22

    У ситуації коли компанія або фізична особа потрапила у скрутне фінансове становище і більше нездатна обслуговувати свої борги або повністю розрахуватися з кредиторами, стосовно такої компанії або фізичної особи може бути відкрита процедура банкрутства. В цій процедурі кредитори та суд мають вирішити подальшу долю боржника та його майна, враховуючи велику кількість факторів і процедурних питань.

    Filed under:
    Ukraine, Insolvency & Restructuring, Tax, Vasil Kisil & Partners
    Authors:
    Юрій Колос
    Location:
    Ukraine
    Firm:
    Vasil Kisil & Partners
    Bankruptcy during the war: practical aspects of the procedure
    2023-09-11

    In today’s realities, there often arise situations where debtors cannot fulfill their obligations for reasons one way or another related to the war. In addition, many enterprises are located in the temporarily occupied territory, and their owners do not have access to enterprises at all. In such a case, unfortunately, applying to the debtor with a claim is not always an effective option for protecting the creditor’s rights.

    Filed under:
    Russia, Ukraine, Insolvency & Restructuring, Litigation, GOLAW
    Authors:
    Nataliia Matviichuk , Anastasiia Klian
    Location:
    Russia, Ukraine
    Firm:
    GOLAW

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