This article deals with the long-awaited and prominent Ukrainian ‘Law on Financial Restructuring’
(the ‘Law’), and describes the Law’s general provisions and optimistic prognosis on its influence over
Ukrainian distressed business. As a joint initiative of leading lenders, including the European Bank for
Reconstruction and Development and World Bank, the Law ensures prospective debtors with a brand
new opportunity for out-of-court financial recovery.
The project is funded by a grant received from the European Bank for Reconstruction and Development under the Shareholder Special Fund.
The project is implemented by the administrative and financial support of NABU.