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Verkhovna Rada Adopted the Law "On Financial Restructuring"

 The Verkhovna Rada supported the bill №3555 «On the financial restructuring." NBU Deputy Vladislav Rashkovan said the adoption of the draft law - a big step towards the reform of the financial sector.

"Creating a mechanism for financial restructuring debts of enterprises registered in the memorandum of cooperation between Ukraine and the International Monetary Fund and is one of the goals of the Comprehensive Program of development of the financial sector in Ukraine until 2020. Therefore, we are one step closer to faster economic recovery and resolve the issue of problem loans in the banking sector ", - he said.

It is reported that debt restructuring will resolve the issue of a large number of bad loans, bankruptcy risk, as well as termination of business enterprises that are experiencing temporary liquidity problems but have the ability to restore a healthy economic activity.Under the bill, it creates a reliable and effective mechanism for the formal solution of the problem of bad debts to creditors and enterprises.

In addition, the bill strengthens the role of arbitration in resolving disputes between the participants of the restructuring.

Read more on Novostimira: The Banking System has Gone Through a Difficult Period of Crisis - Gontareva

 Photo: media.novostimira.com

 
Posted by: Денис Рахуба, 2016-06-14 12:44:58 | comments

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