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Clifford Chance

Clifford Chance

Briefings

The amended Ukrainian insolvency law: key issues

18 August 2014

A number of significant amendments, to become effective on 19 January 2013, are being made to Ukraine's insolvency law (the "Insolvency Law"). The changes, which are likely to be subject to further amendment prior to becoming effective, are an attempt to create a more streamlined and efficient insolvency process and to remedy some of the real and perceived defects in the current law. In doing so the legislature has implemented some fairly significant changes to the Insolvency Law which will impact both debtors and creditors.

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