The EU Project initiated discussion on prospects for private enforcement services in Ukraine
The EU Project “Support to Justice Sector Reform in Ukraine” together with the Ministry of Justice of Ukraine continues a series of regional events aiming to raise awareness of the judicial enforcement system reform.
On July 13, the Roundtable “The judicial enforcement system reform in Ukraine – next steps” took place in Odessa. The event was attended by representatives of the banking sector, lawyers and attorneys of state enterprises.
Serhiy Shkliar, Deputy Minister of Justice of Ukraine for the Enforcement Service, and Kostiantyn Silkin, First Deputy Director of the State Enforcement Department of the Ministry of Justice of Ukraine, briefed the participants on the main objectives and conditions of implementation of the reform which was launched with the legislative initiatives adopted at Parliament on 2 June 2016.
“The market of private judicial enforcement services has great prospects in Ukraine. Private enforcement officers will be able to earn fairly by providing high quality services. The claims of Ukrainian banks under non-executed judgments amount to almost 200 billion UAH”, – says Serhii Shkliar.
According to Kostiantyn Silkin, the approval of laws launching the enforcement reform has already contributed to the improvement of the investment climate in Ukraine, according to the World Bank.
Dovydas Vitkauskas, Coordinator of the EU Project “Support to Justice Sector Reform in Ukraine” and Katilin Popov, Expert of the EU Project, spoke about the trends and results in reforming of the enforcement systems in the countries of European Union, whereby a clear trend exists towards gradual privatisation of the service.
“Questions still remain as to whether a proper balance will be struck between the interest of ensuring the accountability of future PEOs by way of oversight by MOJ and courts on the one hand, and the need to make use of the entrepreneurial spirit if PEOs to ensure greater degree of effectiveness of enforcement. The development and consolidation of registers, including the debtor and restrained property registers, is also a key precondition for a successful reform.” – says Dovydas Vitkauskas.
The participants addressed to the Ministry of Justice and the EU Project team various proposals for the development of the regulatory and institutional framework. It was agreed to continue the active engagement of the authorities, experts and other stakeholders in the next stage of the reform implementation, which will commence with the PEO testing and selection process.