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Developments in Protection of Secured Creditors’ Rights in Bankruptcy of a Ukrainian Debtor

July 2012 - Finance. Legal Developments by Avellum.

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On 19 January 2013 the Law of Ukraine “On Amendments to the Law of Ukraine “On Restoring Debtor’s Solvency or Declaring it Bankrupt” dated 22 December 2011 (the “Restated Insolvency Law”) will become effective. The Restated Insolvency Law introduced a number of important changes to the protection of rights of secured creditors and the enforcement of security in bankruptcy.

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