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Evolution of bankruptcy institution: from insolvency of state-owned enterprises towards electronic SRO trading facilities

Author

Listed:
  • Radygin Alexandr

    (Gaidar Institute for Economic Policy)

  • Apevalova Elena

    (RANEPA)

  • Polezhaeva Natalia

    (RANEPA)

Abstract

Bankruptcy legislation in the post-Soviet Russia was for the first time introduced in 1992 by the Executive Order of the President “On Measures for the Support and Rehabilitation of Insolvent State-Owned Enterprises (Bankrupt Debtors) and the Application of Special Proceedings to Them” No. 623 of June 14, 1992, which stipulated grounds for liquidation of enterprises, special liquidation proceedings such as reorganization, rehabilitation, direct administration of the enterprise, independent management, auctions for sale of enterprise, and other provisions concerning bankruptcy.

Suggested Citation

  • Radygin Alexandr & Apevalova Elena & Polezhaeva Natalia, 2016. "Evolution of bankruptcy institution: from insolvency of state-owned enterprises towards electronic SRO trading facilities," Published Papers ppaper-2016-246, Gaidar Institute for Economic Policy, revised 2016.
  • Handle: RePEc:gai:ppaper:ppaper-2016-246
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    File URL: http://iep.ru/files/RePEc/gai/ppaper/ppaper-2016-246.pdf
    File Function: Revised version, 2016
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    More about this item

    Keywords

    Russian economy; bankruptcy; public enterprises;

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • P2 - Economic Systems - - Socialist Systems and Transition Economies
    • P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

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