Dmytro Tylipskyi, a partner at EQUITY, spoke at the Debt Collection Conference

Dmytro Tylipskyi took part in a strategic session at the Debt Collection Conference entitled ‘The Modern Debt Collection Market in Ukraine’, where participants discussed legislative changes, regulation and practical approaches to debt management in the current climate.

A few key points from Dmytro Tylipsky’s presentation, “The Legislative Framework for Bankruptcy Proceedings”:

Subsidiary liability is personal. Directors, shareholders and former managers are liable for financial damages for the past three years. A criminal conviction is not required for this liability to apply.

Simplified initiation of bankruptcy proceedings: opportunities for creditors and scope for abuse.

The ‘loyal creditor’ defence no longer applies: from 2025, persons associated with the debtor will be deprived of the right to a casting vote at creditors’ meetings.

Small businesses will have their own procedure. Bill 15024 introduces simplified bankruptcy for micro and small enterprises for the first time.

● “In wartime, which should be the priority: debt recovery or the survival of the business entity?”

EQUITY participates in discussions that shape industry practice, as these discussions shape approaches that subsequently work in the interests of clients.