Insolvency of Corporate Groups in Russia

Lvova, O.

Автор: Lvova Olga
Сборник: Insolvency and Groups of Companies / Papers from INSOL Europe Academic Forum Annual Conference, Vienna, Austria, 13-14 October 2010
Год издания: 2011
Место издания: INSOL Europe Nottingham, Paris
Первая страница: 147
Последняя страница: 152
Аннотация: The research deals with the analysis of specific features of the corporate groups’ activity in Russia when major obligations of a single “holding” are thrown down to the one enterprise of the group which enters the bankruptcy procedure to be liquidated as a result. In this case creditors can hardly get their money back. It also explores the main provisions on insolvency of corporate groups, possibilities given to creditors in the specific law draft which still is not passed. It also speculates on the problems of this law draft implementation in practice, e.g. low transparency, difficulties in detection all relations within a holding and its final owners and so on. The research in this field in Russia is very important because now corporate groups are quite widespread forms of large scale business organization. The legal framework which should set certain rules for the activity of such holdings practically does not exist. The law draft regulating corporate groups’ insolvency contains certain provisions, making a parent company liable for its subsidiaries’ debts, some of which can be hardly used in practice.
Добавил в систему: Львова Ольга Александровна

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