According to the chairman of the Sergei fishermen, the bill is designed to help banks and enterprises of Ukraine to carry out non-judicial restructuring of non-performing loans. The Committee had processed 421 amendments, of which 364 were taken into account.
Committee Chairman Serhii Rybalka said that the drafting of the law to second reading was being prepared by a working group with the participation of the National bank of Ukraine, ministry of finance, ministry of justice, the independent association of banks of Ukraine, the International Monetary Fund, World Bank, EBRD, IFC and other banking market experts.
"We agreed that the restructuring will be carried out on the principle of voluntariness and taking into account the interests of all creditors and the debtor" - said Serhii Rybalka.
The draft law established that the financial restructuring is based on an agreement. To improve the efficiency of the disputes that arise during the procedure of financial restructuring, the draft law provides a special procedure for resolving disputes in arbitration - creating Arbitration Committee, which will appoint arbitrators from the list approved by the Supervisory Board. Within the period of the proposed law it is proposed to introduce tax breaks, by making appropriate amendments to the Tax Code.
In addition, at the meeting of the Committee began to consider amendments to the draft law on amendments to certain legislative acts of Ukraine (regarding the regulated markets and derivatives) №3498.
According to Serhii Rybalka people’s deputies submitted 666 amendments. "This is an absolute record for the number of amendments to the draft in our committee of this convening of parliament. Some of the amendments are being considered, and hearing of others moved to the workgroup. There were supported amendments regarding changes in the status of the National Commission on Securities and Stock Market (SSMNC), first of all especially to enhance its institutional capacity. Tomorrow consideration of the draft law will continued to make a final decision, " - said the head of the Committee.