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BUSINESS INFORM №2-2018

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5

Section: Foreign Experience
UDC 336.279.35(437.3)(477)
Ostrovska O. A., Usherenko S. V., Kharchenko Y. Y.
The Innovations of the Czech Bankruptcy Law and Expediency of their Implementation in Ukraine (p. 40 - 45)

Recession in the economy and bankruptcy of a number of financial institutions in Ukraine actualizes research on foreign experience in the settlement of issues of bankruptcy and restoration of solvency of companies in the EU countries, which are characterized by stability of the economic-legal institutions of entrepreneurship and the financial-credit system. Researching these issues is also aimed at harmonizing Ukrainian legislation on bankruptcy with the European legal system acquis communautaire. In this context, the experience of the Czech Republic (Czechia) is noteworthy. According to the results of a study of the peculiarities of legislative regulation of bankruptcy procedures and restoration of solvency of debtors in the Czech Republic, their effectiveness has been evaluated, and the conclusions have been made about that the Czech legislation as a whole promotes restoration of the debtor’s solvency and continuation of its entrepreneurial activity further on. Certain norms, such as the determination of bankruptcy criteria, the solvency of debtor, the innovation approach to disclosure of the category of «presumption of solvency», and the settlement of the institution of moratorium as a way of a rapid recovery of solvency of debtor together with the procedures of its reorganization – have prospects of implementation in the national practice of drafting bills in order to improve the current legislation on bankruptcy.
Keywords: institution of bankruptcy, restoration of solvency, presumption of solvency.
Bibl.: 8.

Ostrovska Olga A. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Corporate Finance and Controlling, Kyiv National Economic University named after V. Hetman (54/1 Peremohy Ave., Kyiv, 03057, Ukraine)
Email: ostrovska.kneu@gmail.com
Usherenko Svitlana V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Corporate Finance and Controlling, Kyiv National Economic University named after V. Hetman (54/1 Peremohy Ave., Kyiv, 03057, Ukraine)
Email: usherenko_svitlana@kneu.edu.ua
Kharchenko Yevhinii Yu. – Graduate Student, Department of Finance, Kyiv National Economic University named after V. Hetman (54/1 Peremohy Ave., Kyiv, 03057, Ukraine)
Email: kharchenko_yevhenii@kneu.edu.ua

Article is written in Ukrainan
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Reference to this article:
Ostrovska, Olga A., Usherenko, Svitlana V., and Kharchenko, Yevhinii Yu. (2018) “The Innovations of the Czech Bankruptcy Law and Expediency of their Implementation in Ukraine.” Business Inform 2:40–45.


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