Shape of Uncertainty

The increasing corporate debt burden across various sectors is essentially the diagnosis of any economy in times of crisis. The efficiency of insolvency proceedings, management of assets and non-performing loans become especially important when we talk about the necessity to facilitate corporate recovery in the country. As a legal framework for investments and their liquidation, inefficient insolvency regulation may create uncertainties and raise costs for doing business, thereby shaping investment decisions and credit flows. After several waves of reform of insolvency law, experts are justifiably critical as the proceedings recovery rate remains low. At the end of the day, it keeps the legal market busy and would certainly provoke more work in future. Legal certainty is probably something that clients look for from advisory at the moment.

As our recent topic has a substantially contentious flavor, often with cross-border nature, we asked our cover story speaker Olexander Droug from Sayenko Kharenko to pour some light on practical implications of controversies, and articulate existing proposals for legislative changes.

It is likely to be a very right time for the UJBL to update you with the new portion of insights.

Happy reading,

Olga Usenko