Joint responsibility for creditors claims’ dissatisfaction in bankruptcy in Ukraine. Liability of the owner and director for non-payment of debts. Kyiv, 2017.

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UAH 12 mln. was adjudged to our client’s favor from shareholders of a liquidated debtor

Using loopholes in laws, the legal entity-debtor assets were alienated by it’s owners resulting debts to client were not repaid in bankruptcy proceedings. Commercial court of Kyiv has approved a rare judgement in judicial practice on imposition of joint and several liability for the enterprise unpaid debts on it’s shareholders-natural persons. The case was heard for 2.8 years in 6 courts of 3 instances. Enforcement of responsibility on citizens of the Russian Federation and Ukraine in amount of 12,1 UAH million is ahead. Pysarenko Law Office Services Contacts

The Supreme economic court of Ukraine upheld our complaint.

The cassation, filed on behalf of the Dutch client, for retrial of the Ukrainian debtor’s bankruptcy case on a basis of new circumstances was satisfied by the Supreme economic court of Ukraine in full.
In the result, the case was submitted to the Economic court of Poltavska oblast and not to the court at the location of the bankrupt. SECU agreed with cassation arguments about impossibility of proceedings the case by the judges of the Economic court of Sumska oblast that do not have a specialization in bankruptcy. The case shall have been reconsidered so that satisfy the client’s pecuniary interest. The case is being judged since 2012.  Pysarenko Law Office    Services   Contacts

Observance of 3 month term from enforcement determination in bankruptcy proceeding. Kyiv, 2012. Yuridicheskaya Praktika legal practice newspaper No. 50 (781) 2012

This article is in Russian and Ukrainian only.

Non-payment of debts, liquidation and bankruptcy proceedings in Ukraine. Appeal complaint against court refusal in bankruptcy statement acceptance. Kyiv, 2012. Yuridicheskaya Praktika legal practice newspaper No.46 (777) 2012

Non-payment of debts, winding up and bankruptcy proceedings in Ukraine.
This article is in Russian and Ukrainian only.

Default of the debts/credits payment for the reason of bankruptcy in Ukraine. Kyiv, 2012. Pravovyi tyzhden’ legal practice newspaper 13.11.2012

Oleksandr Pysarenko, attorney at law, MBA degree.

Owners an finance management of enterprises in Ukraine often ask– what shall they do if current debts to creditors (including investors, suppliers and bank loans) overdraw the total value of property of the enterprise, i.e. there are no resources to pay off Read more

Non-payment of debts in bankruptcy proceeding. What if there is no enough debtor’s property? Advocat buhgaltera accountants’ newspaper, Nov., 2012.

This article is in Ukrainian only.

In bankruptcy on UAH 93 million a liquidator is appointed.

In our client’s debtor bankruptcy lawsuit the total accounts payable constitutes UAH 92 316 513,45. On a basis of our objections Economic court has refused to appoint the person for whom the debtor solicited as the liquidator as there are doubts in her objectivity and disinterest in favor of debtor’s owners. By our solicitation on behalf of the client-creditor the professional arbitration liquidator has been appointed.