Bankruptcy of state-owned enterprises in the light of legislative reforms

Keywords: bankruptcy, bankruptcy of state-owned enterprises, Bankruptcy Code of Ukraine

Abstract

The article is devoted to the investigation of bankruptcy of state-owned enterprises, in particular after the Bankruptcy Code of Ukraine came into force on October 21, 2019.

The opinions of scientists and their different points of view are presented, in particular that some insist that it is the first codified act on the settlement of insolvency (bankruptcy) in the whole history of Ukraine’s independence, which will give impetus for positive changes and raise the bankruptcy institute. scientists - quite rightly point to the gaps contained in the Bankruptcy Code of Ukraine and the irreversible consequences that can occur after it enters into force. The analysis of the national legislation in the part of bankruptcy of state-owned enterprises, as well as the practice of its application, considered the issues of bankruptcy of state-owned enterprises, namely in terms of approaches of the Bankruptcy Code of Ukraine to the bankruptcy of state-owned enterprises and the identification of conditions that improve them. Some aspects of the Bankruptcy Code of Ukraine, which have both positive and negative features, are investigated. The article states that the positive influence of the Bankruptcy Code of Ukraine on bankruptcy of state-owned enterprises and improvement of conditions for restoration of their solvency cannot be clearly stated. First and foremost, it is essential to amend the Bankruptcy Code of Ukraine as part of the opening of bankruptcy proceedings against public authorities, preventing abuse in this aspect, and to fully regulate the rehabilitation procedure, in particular regarding its duration, so as to prevent the enterprise from being captured. legal grounds, as well as to regulate the bankruptcy of enterprises located in the occupied territories of Crimea and parts of Donetsk and Luhansk regions. Bankruptcy Code of Ukraine needs further improvement in this part, and theoretical and scientific developments will give impetus for the further development of the bankruptcy institute.

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How to Cite
Hychun, M. (1). Bankruptcy of state-owned enterprises in the light of legislative reforms. Law Review of Kyiv University of Law, (4), 216-220. https://doi.org/10.36695/2219-5521.4.2019.39
Section
The issues of civil law, commercial law, labour law and social security law of U