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Official appeal the Chairman of the Supervisory Board Serhii Shkliar
Official appeal the Chairman of the Supervisory Board Serhii Shkliar

Dear colleagues,

It is my honour to inform you that the Law “On Financial Restructuring” №1414-VIII dated 14.06.2016 (referred to herein as the Law) came into force on October 19th, 2016.
The Law is directed at clarifying the conditions and the order for performing the procedure of voluntary financial restructuring with the aim of restoring the commercial activity of the debtor enterprises. With respect to the fact that, under the Law, the procedure of voluntary financial restructuring is available exclusively to debtors with financial institutions among their creditors, we would like to address you with the following information:

Sergiy Shklyar: "We are ready for financial restructuring" (auto-translate)
Sergiy Shklyar: "We are ready for financial restructuring" (auto-translate)
The procedure of financial restructuring provided for debtors whose activity is potentially promising, but they are experiencing temporary financial difficulties as a result of the rapid devaluation of the national currency, loss of markets, falling revenues and margins, says in his column the Deputy Minister of justice in the Executive service Sergiy Shklyar, who became the Chairman of the Supervisory Board set up pursuant to the requirements of the law "On financial restructuring".
Irene Wise: "Financial restructuring to be, who wouldn
Irene Wise: "Financial restructuring to be, who wouldn
The subject of financial restructuring does not cease to be one of the key discussion among the bankers, financiers, lawyers, representatives of the business environment. The topic is complicated, and hence the discussion does not go beyond the expert field. But we should not forget that the consequences of implementing or not implementing will be felt for the economy and, finally, for every citizen.

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The project is implemented by the administrative and financial support of NABU.