To protect the
interests of creditors, bank depositors, and receivers of financial services,
and to reduce the risks of the financial system, the bill (Reg. No. 7351)
amends the Civil Code, the Code of Economic Procedure, the Criminal Code, and
the Housing Code, as well as the Laws "On Banks and Banking",
"On Mortgage", "On Renewal of Debtor´s Solvency or declaring its
Bankruptcy", and "On Support of Creditor´s Demands and Registration
of Encumbrances." The bill also invalidates the Law "On Moratorium on
Forced Sale of State Property."
The Civil Code should envisage that a surviving entity formed in the result of the division bears subsidiary responsibility for the obligations of a legal entity, whose activity was terminated, which pursuant to the distributional balance were transferred to another surviving entity.
The Law "On Renewal of Debtor´s Solvency or declaring its Bankruptcy" is supplemented with the provision, whereby having commenced the proceedings on bankruptcy, the judge gives the text of the decree to be published the official web-portal of the judicial power of Ukraine within two days.
Clause 11 of the Law "On Protection of Consumers" is supplemented with the norm that bans issue/receipt of customer's loan in foreign currency in the territory of Ukraine.