ІНСТИТУТ БАНКРУТСТВА ЯК УНІВЕРСАЛЬНА СИСТЕМА НОРМ УРЕГУЛЮВАННЯ ВІДНОСИН НЕПЛАТОСПРОМОЖНОСТІ

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 t...

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Bibliographic Details
Date:2016
Main Author: Chorna, J.V.
Format: Article
Language:Ukrainian
Published: V. Mamutov Institute of Economic and Legal Research of the National Academy of Sciences of Ukraine 2016
Online Access:https://economiclaw.kiev.ua/index.php/economiclaw/article/view/136
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Journal Title:Economics and Law

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Economics and Law
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Summary: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. REFERENCES1. 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.html3. 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.pdf4. 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.pdf5. 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. html7. 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.html8. 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/145/259. Filatov A.M. and Shibanova-Roenko E.A. (2012), "The French model of insolvency", Uspehi sovremennogo estestvoznaniya, vol. 4, pp. 127-129.10. European Judicial Network (2016), "Bankruptcy — France", available at: http://ec.europa.eu/civiljustice/bankruptcy/bankruptcy_fra_en.htm11. 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.