Restructuring & Insolvency

Kinstellar Kyiv contributes to the new issue of Cleary Gottlieb’s Emerging Markets Restructuring Journal

December 2016 - Kinstellar’s Kyiv office has contributed an expert article to the second issue of Emerging Markets Restructuring Journal produced by international law firm Cleary Gottlieb Steen Hamilton. The journal focuses on restructuring law...

Law on out-of-court financial restructuring comes into force in Ukraine

October 2016 - On 19 October 2016, the Law of Ukraine “On Financial Restructuring” dated 14 June 2016 came into force. The new law introduces a framework for the out-of-court restructuring of liabilities of Ukrainian debtors other than banks or other...

Slovakia introduces ‘company in crisis’ regulation

December 2015 - The new “company in crisis” special regime will become effective on 1 January 2016. It applies to limited liability companies, joint-stock companies and limited partnerships in which the general partner is not an individual. A company...

New regulation on the insolvency of individuals in Romania – does this pose a threat to lenders?

November 2015 - Law no. 151 on insolvency procedures for individuals [1] (the “ Law ”) is expected to enter into force on 26 December 2015. The Law was published on 18 June 2015, but its entry into force was deferred by six months in order to allow...

Bulgarian Government submits draft law on recovery and resolution of credit institutions and investment firms

June 2015 - On 12 June 2015, the Bulgarian Counsel of Ministers submitted a draft law on the recovery and resolution of credit institutions and investment firms (the “ Draft Law ”). If adopted by the Bulgarian Parliament, the Draft Law would implement...

New Kazakhstan bankruptcy law

August 2014 - This article presents an overview of the main provisions of the recently enacted insolvency legislation applicable to businesses other than banks, insurance companies, pension funds and certain other entities. This summary is not comprehensive...

A new regime for managing local government insolvencies in Romania

June 2013 - The Romanian Government recently adopted a Government Emergency Ordinance regulating the insolvency of the countrys territorial administrative units (the 'Ordinance' ). 1 The measure, which was supposed to have been enacted in 2006, as...

Slovak Insolvency Code amendment: Changes to the test of over-indebtedness and new liability of directors

December 2011 - An amendment to the Slovak Insolvency Code has been recently approved by the Parliament (the “ Amendment “). The Amendment, which is considered to be the most significant amendment to the current Slovak Insolvency Code since its...

Insolvency and bankruptcy – Executive director’s liability and obligation to file for insolvency

May 2011 - The Slovak Insolvency Code requires an insolvent company and its director to file a petition for insolvency proceedings within 30 days from the date it becomes aware (or, should have become aware, acting with due care) of the company’s insolvency....

Insolvency and Restructuring in Slovakia - General aspects of insolvency proceedings in Slovakia

September 2010 - The purpose of this edition of the newsletter is to provide a general overview of insolvency proceedings in Slovakia. We will address more specific issues relating to restructuring and insolvency, such as the latest court decisions...