Demo Article 40 - Practice Group Announcement

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The First Shock and Consequences

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Temporary Occupation: Consequences

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Business on the Territory that’s Controlled by Ukraine: Consequences of the War

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Logistics: the Consequences of the War

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Personnel Issues: Consequences

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Inflation

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Banks and Debtors

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I predict that sometime in December we will see whether the banking sector can really influence the number of bankruptcies in Ukraine.

To Go, or Not to Go… Into Bankruptcy, that is the Question

For Creditors

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For Debtors

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The Bankruptcy Market: a Response to the War

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It is economic growth and stability that encourage such processes much more. 

They were in Bankruptcy, and Now there is a War 

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The Bankruptcy of Individuals and the War

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Legislation and the War

The war did not stand in the way of legislative work in the bankruptcy field.

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• Strengthens responsibility for untimely appeal to the court, initiation of bankruptcy proceedings;
• Resolves the issue of strengthening joint and subsidiary liability;
• Regulates issues regarding the approval of the rehabilitation plan;
• Brings the provisions of the Bankruptcy Procedures Code  into compliance with the Economic Procedure Code of Ukraine,  Laws of Ukrinae “On Prevention of Corruption”, “On Management of State-Owned Objects”, “On Privatization of State and Communal Property”, “On Court Fee”, “On Executive proceedings”;
• Regulates some controversial issues regarding the sale of assets of bankrupts at auctions – the rules for conducting the first repeat and second repeat auctions are more clearly defined;
• The procedure for the sale of state property changes. In case of adoption of the draft law, state-owned enterprises with debts will first be put up for privatization auctions. And if these auctions do not take place, then only after that a bankruptcy case will be opened and the further sale of assets will already be carried out within the scope of this case.

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