The bill suggests amending the Commercial Procedural Code, the Commercial Code and the Civil Code of Ukraine, as well as the laws “On Restoring Debtor's Solvency or Declaring a Debtor Bankrupt” and “On Enforcement Proceeding” aimed at specifying the consequences of invalidating loan agreements, the order of adopting debtor’s financial rehabilitation plan, etc.
Particularly, The Civil Code is suggested to be supplemented with article 1057-1 regarding legal consequences of invalidating loan agreements.
The Committee members believe that implementation of the provisions of the bill will allow for increasing investment attractiveness of Ukraine, creating preconditions for reviving lending, creating new jobs, etc.
The respective bill was registered under No.11029.