In the Interests of Citizens

Effective implementation of the bankruptcy asset of the debtor and the leveling of the speculative component in the adjudication - is the purpose of the legislations submitted by the deputy Vitaly Zinovenko. It is proposed to amend the law "On Insolvency (Bankruptcy)" and "On Enforcement Proceedings" in the course of the initiative. The law-in-draft provides for the transfer of the deposit to a special account and a ban on the withdrawal of funds of a tenderer from this account in addition to their own will and collection within the norms stipulated by law in order to protect the property interests of the bidders. The law-in-draft proposes to increase the amount of deposit for participation in the auction with "no more than 20% of the initial selling price of the company" to "not less than 20% of the minimum selling price of the company". Considering the law-in-draft, deputies of the Committee on Economic Policy, Budget and Finance noted that determining the amount of the deposit must not proceed from a minimum price, which is formed in the bidding process, and of the initial price. The law-in-draft of the deputy Vitaly Zinovenko was supported by majority votes in the first reading. Taking into account the comments and suggestions the work on the document in preparation for the second reading will be continued.

The initiative of the deputy Khorin on amendments to the law "On the procedure of inspection in the implementation of state control (supervision)" passed the first reading procedure. Offer of the legislator aims at clarifying the mechanism of clearance presentation compiled during inspections by the facts of violations.

The current law provides that the regulatory authorities after violations investigation immediately draw up an order for reparation and bring legal entities and individual entrepreneurs to justice. Thus, the most stringent measures of state influence are applied, while respecting the principles of human rights protection. From the point of view of expediency and justice the author suggested not to involve a matter of priority of citizens and organizations to account, and give them an opportunity without interference by public authorities to fulfill their obligations to restore the violated rights, to cease the unlawful condition. This will require to determine the prescription structure, which will set out recommendations to eliminate violations, as well as the duration of their elimination. According to the deputy Yuri Khorin, the proposed rule is aimed at reducing administrative barriers in business, reducing corruption component during inspections, as well as the exclusion of unjustified inspections facts. The initiative was supported by the deputies of the Supreme Council. In the course of the second reading, the parliamentary committee on development of small and medium-sized businesses and industry continued working on it.