The Committee on Justice recommends that the Parliament adopts the Bill on Amendments to the Economic Procedural Code of Ukraine regarding Procedural Legal Succession

25 June 2010, 11:36

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In the course of the Committee sitting it was declared that the bill (Reg. No.4604) amends clauses 25, 62, 79, 80 of the Economic Procedural Code aimed at the extension of the grounds and subjects of the procedural legal succession in economic process, as the effective economic process fails to solve the problem of the procedural legal succession in case of the death of the individual who can be regarded as a legal procedures participant. Relevant principles are defined only in clause 79 of the Economic Procedural Code regarding the enterprise and organization.

 

In particular, it is suggested to involve legal successors of the dispute parties and third persons into the case participation in case of assigned receivables and loan novations.