The Ukrainian financial sector has been severely impacted by Russia’s invasion in February 2022, resulting in significant harm to the population and extensive destruction of productive capital and infrastructure. This has notably affected the profitability and solvency of businesses, especially those with assets in areas near hostilities or in temporarily occupied territories.
To address the challenges of martial law, amendments were made to the Bankruptcy Code of Ukraine by the Law No. 3249-IX on 13 July 2023. Effective from 29 July 2023, this Law will be in force for the duration of martial law and for six months after its termination or cancellation. Redcliffe Partners’ latest briefing note delves into the key issues and recent amendments to the Bankruptcy Code of Ukraine that are shaping the current insolvency landscape.
Key Issues Covered:
This briefing note is a comprehensive overview guide designed to equip you with the knowledge needed to navigate these complex insolvency matters effectively.
Click the button below to read the full briefing note and gain a deeper understanding of how these changes impact your business and legal strategies.
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