Dear Colleagues and Friends,

It is our pleasure to inform you that Lazarski University in Warsaw and Project Pravo-Justice are kindly inviting all interested academics, practitioners and members of the judiciary, legislative and executive authorities, to an online seminar on:

 SUBSIDIARY LIABILITY OF SHAREHOLDERS AND DIRECTORS: UKRAINIAN AND POLISH PERSPECTIVES

Restructuring and bankruptcy have become increasingly relevant issues in Ukraine, particularly during the challenging times of war and Ukraine's integration into the European Union. Given the current economic situation, there is a high demand for both restructuring and bankruptcy processes to ensure a cost-effective market for distressed businesses.

Ukraine is currently working on improving its legislation in line with the EU Directive 2019/1023 on preventing restructuring. The existing creditor-oriented bankruptcy model in Ukraine should strive to maintain a balance and prevent parties from misusing the bankruptcy procedure, thereby fostering a cost-effective exit for distressed businesses.

The effective mechanism to prevent the shareholders and directors of the debtor from engaging in unfair practices is subsidiary liability. During this online event, the focus will be on discussing the actual judicial practices and challenges in enforcing subsidiary liability.

As the integration of Ukrainian and Polish markets is increasing, the experience of Poland as an EU member state becomes particularly valuable for Ukraine. This event is organized jointly with Institute for Bankruptcy, Restructuring Law and Insolvency Research (Poland).

This online seminar is free of charge and will take place over Zoom.

https://us02web.zoom.us/j/85832311075?pwd=OExTQzdRbGg2ZWZ5eUFHNmh4UEhqUT09 

Meeting ID: 858 3231 1075

Passcode: 999834