International Corporate Rescue
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Vol 18 (2021) - Issue 6
Article preview
Ukrainian Wrongful Trade Rules: Past, Present, Future
Anton Molchanov, Counsel, Arzinger, Kiev, UkraineSynopsis
After decades of being shrouded in mystery the Ukrainian wrongful/reckless trade liability rules have reached
their pivotal point. With a few consecutive pro-creditor Supreme Court judgements, it’s almost impossible for both management and owners to avoid pierce of a corporate veil. Despite numerous controversies, the liability trend is being highly appreciated by key international players as EBRD and IMF – as more judgments are expected to appear in the nearest future.
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