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Hosted the event to promote the Law of Ukraine "On financial restructuring".
It can be argued that the business community begins to shape their understanding of the procedure. That, in turn, positively affect their willingness to participate in restructuring under the Act.
Expect a geometric increase in the near future.
The Secretariat on the implementation of the Law of Ukraine "On financial restructuring" (hereinafter –the Secretariat), organized with the support of the Independent Association of Ukrainian banks (NABU) and the European Bank for reconstruction and development (EBRD), continuing work on the practical implementation of the Law of Ukraine "On financial restructuring", invites You to participate in a thematic event in the format of a Round table: "the Advantages and disadvantages of the use of the law of Ukraine "On financial restructuring".
Secretary for financial restructuring, starts the autumn with another large project in the works.
With the consent of creditors of PJSC "State savings Bank of Ukraine" initiated another procedure of financial restructuring of the company "Company "NACO"
The new law has already started four procedures of debt restructuring
Since the start of the work of the Secretariat established in accordance with the law "On financial restructuring", considering four cases. We see a great interest of banks and business in the procedures of financial restructuring. However, as is the case with any new phenomenon, has arisen a lot of myths and subjective interpretations.
The law "On financial restructuring" gives lenders and borrowers the opportunity to restructure their loan agreement using voluntary extra-judicial procedures. But few people understand the overall ideology of the law and the meaning that was laid into it by the developers.
From the beginning of April 2017, two Ukrainian company restructured its obligations to creditors. And more number of borrowers is now in the process of voluntary financial restructuring.
We chose the 5 most common questions about the opportunities offered by the current law. They replied the head of the Secretariat, which oversees the system of financial restructuring, Yuliia Kostetskaya.
Today, in connection with the approval of the company ""Finance company "Morgan capital" of the restructuring plan of the debtor, OOO "SVS-Shumsk" was successfully completed and the procedure of financial restructuring in this case.
At this time it is the first successfully completed process of restructuring, conducted according to the law of Ukraine "On financial restructuring".
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:
Date and time: April 27, 2017, 9.30-15.00
Organizer: Independent Association of Ukrainian banks (NABU), a law firm N&D
Venue: office of the NEB, m. Kyiv, vul. Velyka Vasylkivska, 72, 3 entrance, 3 floor
