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Browse through a selection of articles from our legal experts on topics of interest to investors and businesses in our region.

Romania: Insolvency in the context of the Covid-19 pandemic

8 May 2020 – During the current state of emergency, the Romanian government has adopted a series of measures aimed at reducing the negative effects of the COVID-19 pandemic on the business environment in Romania, such as supporting the payment of technical...

Czech Republic: Amendments to the Insolvency Act in relation to the COVID-19 pandemic (updated)

9 April 2020 – The Chamber of Deputies of the Parliament of the Czech Republic, in response to the economic impact of the current crisis resulting from the government measures related to the COVID-19 epidemic, adopted an act on certain measures to mitigate...

Czech Republic: Amendments to the Insolvency Act in relation to the COVID-19 pandemic

2 April 2020 – The Ministry of Justice, in response to the economic impact of the current crisis resulting from the government measures related to the COVID-19 epidemic, has prepared an act on certain measures to mitigate the effects of the SARS CoV-2...

Amended Kazakh bankruptcy law: Insolvency proceedings have been simplified

February 2020 – On 10 January 2020, new amendments to the “Law on Rehabilitation Procedure and Bankruptcy” dated 7 March 2014 No. 176-V (the “Old Law”) and related legal acts came into effect by the Law dated 27 December 2019 No. 290-VI (the...

New Ukrainian Bankruptcy Code. The finance and debt restructuring perspective

November 2019 – On 21 October 2019, the Code on Bankruptcy Procedures adopted by Ukraine’s parliament on 18 October 2018 (“the Code”) came into effect. The Code replaces the Act of Ukraine on Renewal of Debtor’s Solvency or Declaring It Bankrupt...

Two proposed amendments to Bulgaria’s Bank Insolvency Act have been introduced to harmonise local law with EU rules and to further refine the legislation

March 2019 – On 22 February 2019 and 26 February 2019 two bills were introduced in the Bulgarian parliament to amend the existing Bank Insolvency Act (“Bills”).

Bulgaria’s Supreme Court of Cassation issues interpretative judgement strengthening the equal treatment of creditors and expediting insolvency proceedings

February 2019 – On 3 December 2018, Bulgaria’s Supreme Court of Cassation (“SCC”) issued Interpretative Judgment No 1 (the “Judgement”) on interpretative proceedings No 1/2017 of the General Assembly of the Panel of Commerce. The Judgement...

Amendments to the Bankruptcy Law in Serbia

December 2017 – On 14 December 2017, the Serbian Parliament adopted amendments to the Bankruptcy Law aimed at, among other things, shortening the bankruptcy procedure and improving settlement of the bankruptcy and secured creditors’ claims. The relevant...

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 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...