On 18 November, the Ukrainian Bar Association conducted its second forum dedicated to the law on a bankruptсy. The purpose of the event was to enable judges, lawyers, bankruptcy manages, debtors and creditors to share their views and experiences on the bankruptcy related issues.
The EU Project “Support to Justice Sector Reforms in Ukraine” joined the event. Dovydas Vitkauskas, the EU Project Coordinator, spoke about cooperation with the Lithuanian Centre of Registers which assisted the Ministry of Justice of Ukraine and its daughter information services company, NAIS, in developing regulatory framework, software and hardware for the integrated information system of enforcement. He also made a presentation about the structure of Lithuanian integrated information system which could freeze all bank accounts of any debtor in real time, automatically place restrictions on all other debtor assets (real property, cars etc.), and permit sharing of information about all debtors and their obligations by banks, tax authorities, and other creditors.
Katilin Popov, the EU Project Expert on Enforcement Reform, shared his opinion on how the enforcement reform could influence the market of legal services in Ukraine and spoke about business implications for private enforcement officers.