The very procedure for opening bankruptcy proceedings after the introduction of martial law has not changed.
In Ukraine, since Russia’s full invasion, bankruptcy filings have dropped from 1,100 in February 2022 to 16 in March and April overall. This was announced on Monday, April 18, by the open data platform Opendatabot, citing data from the State Judicial Administration.
It is indicated that this situation is also connected with the complex work of the courts in the regions where the fights take place. However, the very procedure for opening bankruptcy proceedings after the introduction of martial law has not changed.
To open bankruptcy proceedings against a legal entity registered in a war zone or in a temporarily occupied territory, it is necessary to file an application in the economic court in which the territory the debtor is registered.
When submitting an application, it must be considered that the jurisdiction of the courts in the territory where the jurisdiction takes place the disputes is temporarily transferred to other courts.
“It should be noted that the rules of liability of the head of a legal entity continue to apply if, within one month from the moment the threat of insolvency appears, the head has not filed an application in court to open proceedings. in bankruptcy. Therefore, one should not neglect the standards of the Code of Ukraine on the procedure of losses even during the war “, – said the manager of arbitration Ruslan Bandurasty.
Earlier it was reported that the Cabinet of Ministers approved the nationalization of the assets of Russian banks. The decision to seize the assets of two Russian banks in Ukraine must be approved by the National Security and Defense Council and signed by the president.
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Source: korrespondent
