THE INSTITUTE OF BUNKRUPTCY AS THE UNIVERSAL SYSTEM FOR REGULATION INSOLVENCY RELATIONS

Series "Law": Problems of legal regulation of economic activity

  • J.V. Chorna Institute of Economic and Legal Researches of the NAS of Ukraine, Kyiv

Abstract

We studied the insolvency laws of countries such as Canada, Britain, France, Italy and Japan in terms of its versatility and flexibility, as an indicator of an efficient system of bankruptcy. It was established that the legislation of those countries formed of different mechanisms of initiation of the proceedings and the use of reorganization procedures, depending on the value of the debtor and its place in the economy. It was determined that in Ukraine size of indisputable monetary claims should be based on the classification of business entities under Art. 55 of the Commercial Code of Ukraine.


REFERENCES
1. Chorna Yu.V. ed. (2013), Zakonodatelstvo o bankrotstve kak mehanizm effektivnogo pravovogo regulirovaniya [Bankruptcy law as a mechanism for effective legal regulation], European Applied Sciences, vol. 3, pp. 207 — 211.
2. UNCITRAL (2016), "Insolvency Law UNCITRAL", аvailable at: http://www.uncitral.org/uncitral/ru/uncitral_texts/insolvency.html
3. David Mann (2007), "An Overview of Canadian Bankruptcy and Insolvency Law", available at: http://www.acc.com/education/webcasts/upload/an-overview-of-canadian-insolvency-law.pdf
4. Amerikan Bar Association (2016), "Hands Across the Borders — Comparative Insolvency Regimes in the United States, Canada and Mexico American Bar"//Association Spring Meeting 2009-Business Law Section Commercial Financial Services Committee. 16p, available at: http://apps.americanbar.org/buslaw/newsletter/0080/materials/pp3.pdf
5. Chorna Yu.V. ed. (2014), "UK legislation on insolvency and bankruptcy", Rehabilitation and Bankruptcy, vol. 3-4, pp. 240 – 248.
6. Clifford Chance (2012), "European Insolvency Procedures", available at: http://www.cliffordchance.com/briefings/2014/06/a_guide_to_europeanrestructuringandinsolvenc. html
7. The official site of Committee on Property Issues The State Duma of the Federal Assembly of the Russian Federation (2016), "Legislation on Bankruptcy France", available at: http://www.komitet2-5.km.duma.gov.ru/site.xp/051052052.html
8. Schapova A., Ruschitskiy I.E. and Voronina A.B. "Analysis of the bankruptcy proceedings in France, Germany, England and Russia", Molodezh i nauka, [Online], available at: http://min.usaca.ru/uploads/article/attachment/145/25
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10. European Judicial Network (2016), "Bankruptcy — France", available at: http://ec.europa.eu/civiljustice/bankruptcy/bankruptcy_fra_en.htm
11. Chorna Yu.V. ed. (2013), "Insolvency Law in Japan", The Right of Ukraine, vol. 3-4, pp. 435—442.
12. Oliver Hart (1999), "Different approaches to bankruptcy", The Annual World Bank Conference on Development Economics, Paris, France.

Keywords

bankruptcy, insolvency law, the debtor, the proceedings, reorganization, settlement

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References

1. Чорна Ю.В. Законодательство о банкротстве как механизм эффективного правового регулирования / Ю.В. Чорна // European Applied Sciences. — 2013. — № 3. — Р. 207—211.

2. Законодательство о несостоятельности ЮНСИТРАЛ [Електронний ресурс]. — Режим доступу : http://www.uncitral.org/uncitral/ru/uncitral_texts/insolvency.html

3. David Mann. An Overview of Canadian Bankruptcy and Insolvency Law. — 32 p. [Електронний ресурс]. — Режим доступу : http://www.acc.com/education/webcasts/upload/an-overview-of-canadian-insolvency-law.pdf

4. Hands Across the Borders — Comparative Insolvency Regimesinthe United States, Canadaand Mexico American Bar // Association Spring Meeting 2009—Business Law Section Commercial Financial Services Committee. — 16 p. [Електронний ресурс]. — Режим доступу : http://apps.americanbar.org/buslaw/newsletter/0080/materials/pp3.pdf

5. Чорна Ю.В. Законодавство Великобританії про неспроможність / Ю.В. Чорна // Санація та банкрутство. — 2014. — № 3—4. — С. 240—248.

6. Clifford Chance. European Insolvency Procedures. October 2012 [Електронний ресурс]. — Режим доступу : http://www.cliffordchance.com/briefings/2014/06/a_guide_to_europeanrestructuringandinsolvenc.html

7. Законодательство Франции о банкротстве [Електронний ресурс]. — Режим доступу : http://www.komitet2-5.km.duma.gov.ru/site.xp/051052052.html

8. Щапова А. Анализ процедур банкротства во Франции, Германии, Англии и России / А. Щапова, И.Е. Рущицкий, А.Б. Воронина // Молодежь и наука. [Електронне джерело] – Режим доступу: http://min.usaca.ru/uploads/article/attachment/145/25

9. Филатов А.М. Французская модель несостоятельности / А.М. Филатов, Е.А. Шибанова-Роенко // Успехи современного естествознания. — 2012. — № 4. — С. 127— 129.

10. Bankruptcy — France [Електронний ресурс]. — Режим доступу : http://ec.europa.eu/civiljustice/bankruptcy/bankruptcy_fra_en.htm

11. Чорна Ю.В. Законодавство про неспроможність в Японії / Ю.В. Чорна // Право України. — 2013. — № 3—4. — С. 435—442.

12. Oliver Hart, Different approaches to bankruptcy // The Annual World Bank Conferenceon Development Economics, Paris (June 21—23, 1999). — 18 pages — [Електронний ресурс]. — Режим доступу : http://
www.nber.org/papers/w7921.pdf

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Published
2016-05-05