Friday, May 18
12:30 - 14:00
Amphitheatre, General Staff Building (6-8, Dvortsovaya sq.)
Concepts of ownership, loans, credits and establishment of certain legal relations have been around since the times of ancient civilizations, yet bankruptcy as an economic and legal construct appeared relatively recently in our country. Considering recent economic challenges, insolvency (bankruptcy) is becoming increasingly widespread in Russia. Though market competition, management incompetency, unscrupulous executives, negative external factors – these are only some of the reasons why a company can become financially insolvent and eventually go bankrupt. Insolvency of various businesses (such as companies, banks, government enterprises and home-based businesses) deals heavy damage to both other businesses and national economy in general. Further evolution of credit relations in contemporary history entails a pressing need to ensure effective regulation of insolvency-related matters.
Each year, International Association of Insolvency Regulators (IAIR) becomes a forum for exchanging international experience and discussing best global practices in regulating various aspects of insolvency.
Established in November 1995, IAIR today is the only organization that brings together insolvency regulators and closely cooperates with international institutions (World Bank, IBRD, OECD, etc.)
In 2007, Russia’s Ministry of Economic Development and Trade became a member of IAIR and ever since it has been taking an active part in discussing the most pressing issues of property rights protection together with international community of insolvency regulators.
At this joint session, IAIR and Ministry of Economic Development and Trade are going to continue exchanging their experience to advance bankruptcy regulation. Another discussion topic at the session is personal bankruptcy and suggestions made by the Russian Ministry of Economic Development to amend the bankruptcy legislation by introducing a simplified bankruptcy procedure. The discussion is going to address the following issues:
Speakers and Forum participants will discuss these and other matters at the session.
Chair of the International Association of Insolvency Regulators, Registrar of Companies, Director of Insolvency Service, Corporate and Business Registration Department, Mauritius
Mrs. Prabha D. Chinien is a graduate in Law. She holds a B.A. (Hons) in Law from U.K.
She is a Barrister -at -law from the Middle Temple, London, UK.
She is also a Fellow of the Institute of Chartered Secretaries and Administrators of UK.
She was appointed Registrar of Companies in 1989. Since 2006 she is also the Registrar of Businesses and the Director of Insolvency Service as from the 1 June 2009 following the Insolvency Act 2009.
Since her appointment , Mrs Chinien has been involved extensively in the review of various legislation in the financial sector in particular the Securities law, Financial Services Act, the Companies Act ,Limited Partnership and Limited Liability Partnership laws and the Foundation Act. She has been the Chair of the Steering Committee which reviewed the Insolvency law in the country and was directly involved with the formulation of the existing Insolvency Act 2009.
She is a member of the Listing Executive Committee of the Stock Exchange Limited which admits companies on the Official list of the Stock Exchange of Mauritius. As member of the Financial Reporting Council which regulates the auditing profession, Mrs Chinien is also the Chair of the Enforcement Panel whose function is to recommend sanctions against defaulting auditors.
Mrs. Chinien has been a part time lecturer in Company Law and Insolvency Act at the University of Mauritius for a number of years.
On several occasions, she has been a resource person for the World Bank in the field on the Doing Business reforms indicators.
She is currently the Chair of the Executive Committee of the International Association of Insolvency Regulators (IAIR).
Recently Mrs Chinien has been awarded the Presidential Medal for outstanding service in the Public sector.
Judge, Supreme Court of the Russian Federation
President, Supreme Court of Appeal of South Africa
Director of Department for finance and banking activity and investment development, Ministry of Economic Development of the Russian Federation
Ph.D., Diploma in law, State University - Higher School of Economics.
2006–2014 – The Presidential State-Legal Directorate, Presidential Executive Office.
2014-2015 – Adviser for The President on legislative projects, The Federal Chamber of Notaries (FCN).
2015-2016 – Deputy Director, Public relations Department, The State Corporation Deposit Insurance Agency.
2016-2017 – General Director, International and Comparative Law Research Center.
2017 – to date – Director of Department for finance and banking activity and investment development, Ministry of Economic Development of the Russian Federation.
Head of the Financial Resolution Department, Committee of State Revenues, Ministry of Finance of the Republic of Kazakhstan
Education, academic degree:
Bachelor in economics (Karaganda State Technical University, qualification "engineer-economist")
Bachelor in law (“Femida” Law academy, Karaganda city, qualification "lawyer")
From August 1997 to the present time I work in the system of state revenues committees system
Specialist area, professional interests:
Methodology and tax administration
Methodology and administration of rehabilitation and bankruptcy procedures
One of the developers:
State awards marks of excellence:
“20 years of independence of the Republic of Kazakhstan” (2011 year)
“Excellent worker of tax service” (2011 year)
“Excellent worker of finance service” (2013 year)
“25 years of independence of the Republic of Kazakhstan” (2016 year)
“Certificate of honor of the President of the Republic of Kazakhstan” (2017 year)
Consultant, Research Center of Private Law named after Sergey Alekseev under the President of the Russian Federation
* The Programme may be subject to change
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