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

Alexander Radygin, Revold Entov, Irina Mezheraups, Alina Gontmakher, Yuri Simachev, Natalia Shmeleva, Mikhail Kuzyk and Harry Swain

Published Papers from Gaidar Institute for Economic Policy

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: Russian economy; bankruptcy; corporate sector (search for similar items in EconPapers)
JEL-codes: G33 G38 P2 P31 (search for similar items in EconPapers)
Pages: 281 pages
Date: 2005, Revised 2012
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https://www.iep.ru/files/RePEc/gai/ppaper/123Radygin.pdf Revised version, 2012 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:123

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