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Legal company Incolanse > News (Page 4)

Bailout – Saving a Company’s Face

On 18 th of October, 2018, Verkhovna Rada of Ukraine adopted Bankruptcy Code of Ukraine. The Code is becoming valid and is coming into force six month after the date of its official publication. This systematic codifying statute is expected to enhance efficiency of the bankruptcy procedures for making Ukrainian market more attractive for investments and to ensure easier running business in Ukraine. The Code’s structure includes provisions, artificially taken from the current law of Ukraine “On Renewal of the Debtor’s Solvency or Declaring Its Bankruptcy”, Economic Code of Ukraine and Economic Procedure Code of Ukraine. This Code has also...

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