The Institution of Bankruptcy: Development, Problems, Areas of Reforming

Consortsium for Economic Policy, Research and Advice, 2005

281 Pages Posted: 23 Mar 2013

See all articles by Alexander Radygin

Alexander Radygin

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research

Alina Gontmakher

Gaidar Institute for Economic Policy

Mikhail Kuzyk

National Research University Higher School of Economics

Irina Mezheraups

Gaidar Institute for Economic Policy

Harry Swain

Victoria University - Centre for Global Studies

Yuri Simachev

National Research University - Higher School of Economics; Russian Presidential Academy of National Economy and Public Administration

N.A. Shmeleva

Independent

Revold Entov

Gaidar Institute for Economic Policy

Date Written: November 21, 2005

Abstract

The research focuses on the analysis of the emergence of the institution of bankruptcy (insolvency) in Russia. More specifically, it centers on studying the evaluation of its legal base, specific purposes of its use in the national transition economy, motives and objects of application of the given procedures and development of the respective country-specific recommendations. While analyzing theoretical approaches to the problem of bankruptcy, the authors focus on market financial regulation mechanisms, forms and options of bankruptcy procedures, as well as evaluation of first results of application of the new, 2002–2004, Russian law. In parallel with the analysis of the Canadian experiences in the area of corporate bankruptcy, the authors consider economic fundamentals of bankruptcy and provide a review of the contemporary legal and law enforcement systems in this particular area.

Keywords: bancruptcy, legal base, financial regulation, bancruptcy procedures, corporate bancruptcy

JEL Classification: G33, G38, P2, P31

Suggested Citation

Radygin, Alexander and Gontmakher, Alina and Kuzyk, Mikhail and Mezheraups, Irina and Swain, Harry and Simachev, Yuri and Shmeleva, N.A. and Entov, Revold, The Institution of Bankruptcy: Development, Problems, Areas of Reforming (November 21, 2005). Consortsium for Economic Policy, Research and Advice, 2005, Available at SSRN: https://ssrn.com/abstract=2236653 or http://dx.doi.org/10.2139/ssrn.2236653

Alexander Radygin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research ( email )

Russia

Alina Gontmakher

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Mikhail Kuzyk

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Irina Mezheraups

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Harry Swain

Victoria University - Centre for Global Studies ( email )

University of Victoria PO Box 1700
STN CSC
Victoria, BC V8W 2Y2
Canada

Yuri Simachev

National Research University - Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia
+7 985 764 6865 (Phone)

HOME PAGE: http://https://www.hse.ru/en/org/persons/4579329

Russian Presidential Academy of National Economy and Public Administration ( email )

Varnadskogo Avenue,82
Moscow, 119571
Russia

N.A. Shmeleva

Independent

Revold Entov (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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