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

Listed author(s):
  • Alexander Radygin

    (Gaidar Institute for Economic Policy)

  • Revold Entov

    (Gaidar Institute for Economic Policy)

  • Irina Mezheraups
  • Alina Gontmakher
  • Yuri Simachev

    (Interdepartmental Analytical Center)

  • Natalia Shmeleva
  • Mikhail Kuzyk
  • Harry Swain

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.

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File Function: Revised version, 2012
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Paper provided by Gaidar Institute for Economic Policy in its series Published Papers with number 123.

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Length: 281 pages
Date of creation: 2005
Date of revision: 2012
Handle: RePEc:gai:ppaper:123
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