December 2016 – Kinstellar’s Kyiv office has contributed an expert article to the second issue of Emerging Markets Restructuring Journal produced by international law firm Cleary Gottlieb Steen & Hamilton. The journal focuses on restructuring law and practice in emerging markets and features articles from advisors around the world. Kinstellar contributed an article to the debut issue of the journal in May 2016.
One recurring theme in the world of debt restructuring is the drive of policy makers to clean up the balance sheets of local banks. In Ukraine, this policy goal has led to the introduction of a novel out-of-court procedure in accordance with the Law on Financial Restructuring, effective 19 October 2016.
In the article "New Ukrainian Debt Restructuring Law: Upgrading the Parties’ Pre-Insolvency Toolkits", Andriy Nikiforov, Counsel and Head of the Restructuring & Insolvency practice at Kinstellar’s office in Kyiv, and Serhiy Mykhaylyk, Associate, discuss the background to the Financial Restructuring Law in Ukraine and analyse key features of the financial restructuring process in both domestic and cross-border transactional contexts.
For more information on the features of the Financial Restructuring Law, please contact Andriy Nikiforov, Counsel, at .
You can find Kinstellar's article on Ukraine’s Financial Restructuring Law here, and the complete new issue of the Emerging Markets Restructuring Journal here.