Information Unit (part of the investment holding company Finam) held a conference on The Law on Financial Recovery: lobby of big business or contemporary practice? . Its members consider a bill on financial recovery and insolvency in a timely step to accelerate economic recovery. This innovation will affect mainly large businesses, as well as the costs of rehabilitation procedures for small enterprises will be quite high.
prepared by the Ministry of Economic Development Bill On Financial Recovery and Insolvency (Bankruptcy) members of organized Finam conference evaluation as a whole is positive. The need for effective rehabilitation procedure was before, but argue that the LED pretty quickly responded to the changing economic situation, it is impossible, said lawyers Egorov, Puginsky, Afanasiev and Partners Maxim Rasputin: What's interesting, contemporary American Chapter 11 containing provisions aimed at restoring the solvency of debtors, was developed and approved in 1978, and during the world economic crisis. As you can see, we are no different from other countries. Will the financial recovery of effective, now, of course, impossible to say, it will only practice. We can say that the need for such laws now have.
The bill is aimed at a quick exit from the active phase of the crisis, says scientific director of the Institute of National Strategy Nikita Krichevsky: Many successful companies today, particularly in a situation of temporary insolvency and have a chance to be absorbed (divided, sold or rastaschennymi). In addition, banks are unlikely to be able to digest the whole volume of absorbed their businesses, and consumers have not yet seen. So that the law, they say, to the court.
managing partner of the legal bureau Padva and Epstein, Simon Epstein notes that the financial improvement opportunities for those companies who can prove that they are only temporarily insolvent: It will be introduced on a review of the arbitral tribunal a statement on the introduction of the debtor is a financial recovery, rather than observation. In other words, the debtor must prove that he can eventually pay off its debts. The court criteria: excess of assets over liabilities, plus court review of a report on the financial condition of the debtor.
In practice, the procedure of financial recovery will likely be used mainly to large companies, but the point here is not being loyal to the authorities, but in sound economic reason, I am sure Mr. Rasputin. To successfully restore the solvency of the debtor in the financial recovery requires substantial resources, both financial and institutional - the lawyer. - Prepare a report on the financial condition, financial rehabilitation plan, his analysis of the CPO, negotiating with creditors and splitting them into classes — all of this rather complex activities that require highly skilled and thus expensive, administrative manager, legal consultants, financiers, auditors. In those countries where such rehabilitation procedures are already included in the legislation (U.S., France, Italy), their use is big business . For the small business costs are too high.
Law on Financial Recovery accelerate out of Russia's economy from the crisis
Information Unit (part of the investment holding company Finam) held a conference on The Law on Financial Recovery: lobby of big business or contemporary practice? . Its members consider a bill on financial recovery and insolvency in a timely step to accelerate economic recovery. This innovation will affect mainly large businesses, as well as the costs of rehabilitation procedures for small enterprises will be quite high.
prepared by the Ministry of Economic Development Bill On Financial Recovery and Insolvency (Bankruptcy) members of organized Finam conference evaluation as a whole is positive. The need for effective rehabilitation procedure was before, but argue that the LED pretty quickly responded to the changing economic situation, it is impossible, said lawyers Egorov, Puginsky, Afanasiev and Partners Maxim Rasputin: What's interesting, contemporary American Chapter 11 containing provisions aimed at restoring the solvency of debtors, was developed and approved in 1978, and during the world economic crisis. As you can see, we are no different from other countries. Will the financial recovery of effective, now, of course, impossible to say, it will only practice. We can say that the need for such laws now have.
The bill is aimed at a quick exit from the active phase of the crisis, says scientific director of the Institute of National Strategy Nikita Krichevsky: Many successful companies today, particularly in a situation of temporary insolvency and have a chance to be absorbed (divided, sold or rastaschennymi). In addition, banks are unlikely to be able to digest the whole volume of absorbed their businesses, and consumers have not yet seen. So that the law, they say, to the court.
managing partner of the legal bureau Padva and Epstein, Simon Epstein notes that the financial improvement opportunities for those companies who can prove that they are only temporarily insolvent: It will be introduced on a review of the arbitral tribunal a statement on the introduction of the debtor is a financial recovery, rather than observation. In other words, the debtor must prove that he can eventually pay off its debts. The court criteria: excess of assets over liabilities, plus court review of a report on the financial condition of the debtor.
In practice, the procedure of financial recovery will likely be used mainly to large companies, but the point here is not being loyal to the authorities, but in sound economic reason, I am sure Mr. Rasputin. To successfully restore the solvency of the debtor in the financial recovery requires substantial resources, both financial and institutional - the lawyer. - Prepare a report on the financial condition, financial rehabilitation plan, his analysis of the CPO, negotiating with creditors and splitting them into classes — all of this rather complex activities that require highly skilled and thus expensive, administrative manager, legal consultants, financiers, auditors. In those countries where such rehabilitation procedures are already included in the legislation (U.S., France, Italy), their use is big business . For the small business costs are too high.
Department of Public Relations and Media Investment Holding Finam.
On Monday the leaders of growth in the first hours of trading again proved to be preference shares «Sberbank»
Not pleased with the price of Brent oil futures at $ 67 per barrel - this fact will help to reduce the demand for shares of oil and gas companies
Ability to continue the growth of the MICEX Index in the coming weeks, apparently persists
Gold futures continued to consolidate in the $ 990-1000
Speculative recommendation on shares of Polyus Gold, Gazprom, Lukoil, Sberbank, VTB
Stocks Mosenergo continue to trade significantly lower than counterparts in developing countries, the forecast price - 9.9 cents per share
Today the U.S. celebrates Labor Day
Last Friday, the euro /dollar at the U.S. session, rose to 1.4190 marks from 1.4325
Review of the FOREX market for 04.09.09