10.4. Insolvency Reloaded

Friday, May 21
09:30 - 11:00

Channel 2
BROADCAST
Live Stream

Track: 10. Insolvency
Discussion session

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The session is devoted to the most topical issue, namely the upcoming fundamental reform of the insolvency law, which will affect almost all of its essential elements.

The participants will discuss the most important sections of the amendments to the insolvency law and offer their judgment of these amendments’ timeliness and potential usefulness for participants in bankruptcy cases, as well as their impact on the effectiveness of the insolvency institution as a whole. These changes include the radical renewal of rehabilitation procedures, which was originally the main focus of the draft law, the long-awaited new approach to competitive tendering (Dutch-English auctions), and the ongoing digitalization of bankruptcy. By all means, it will be impossible to ignore the most controversial innovation, which has been under extensive discussion by almost all the experts, that is a radical change in the system of selecting the insolvency manager (rating and random selection)

  • Why is the draft law important right now and why, despite its discussion at the highest levels, it has not been passed yet?
  • Whose life will change after its adoption and who will it bother?
  • What scares insolvency managers in the proposed approaches?
  • Why is it proposed to give more preferences to the Federal Tax Service?
  • Will the role of mathematicians in insolvency increase?

Among participants of the sessions there are the authors of the draft law, representatives of professional creditors, insolvency administrators, and experts in the field of insolvency.

Moderator

Evgeniy Akimov

Head of Enforcement and Bankruptcy Division, Department of Distressed Assets, SBERBANK

Speakers

Sergey Romanchin

Chairman of the Council of the Association of Interregional Self-Regulatory Organisation of Arbitration Managers 'Sodeistvie'

Biography

Doctor of Economics, MBA, member of the Crisis Management Subcommittee of the Russian Chamber of Commerce and Industry's Committee on Business Security, bankruptcy trustee.

Over 20 years' experience of participating in hundreds of bankruptcy proceedings, in virtually all industries, including city-forming and strategic enterprises.

Ilya Torosov

Deputy Minister of Economic Development of the Russian Federation

Biography

Education, academic degree:

Graduated from the State University of Management. Candidate of Economic Sciences.

Professional experience:

From 2005 to 2006, he was a leading economist at Alfa-Bank.

2006-2008-Chief Specialist, Senior Manager of the Corporate Business Development Group in the Central Region of the Russian Federation, JSC "Raiffeisenbank".

2008-2015-Head of the Department for Working with Large Corporate Clients of OJSC MDM Bank.

2015-2017-Head of the Corporate Customer Service and Financing Directorate of PJSC Transcapitalbank (TKB BANK).

2017-2018-Executive Director/Managing Partner of the financial group of companies "YUDR".

01.2018-03.2018-Adviser/ Acting Deputy Chairman of the Management Board of JSC "TROIKA-D BANK".

Since March 12, 2018-Deputy Minister of Economic Development of the Russian Federation.

Specialist area, professional interests:

Public administration, corporate governance, investment, banking

Achievements, rewards:

Winner of the contest "Leaders of Russia", 2018

Publications, scientific works:

Dissertation topic: "Development of the system of financing investment projects in the banking sector»

Aleksey Yukhnin

Executive Director of Interfax Financial and Economic Information Service, Fedresource Project Manager

Oleg Zaitsev

Founder - Chairman, National Association of Bankruptcy and Distressed Asset Management Professionals, The Insolvency Club

Biography

Specialist in bankruptcy and corporate law, as well as legal regulation of debt collection. Founder and Chairman of the National Association of Specialists in Bankruptcy and Distressed Assets Management “Bankruptcy Club”. Deputy Director of Obligation Law Department – Director of Bankruptcy Law Division at the Russian School of Private Law in the Private Law Research Centre under the President of the Russian Federation named after S.S. Alekseev. Master of Private Law, Ph.D. in Law. In 2006–2014, Oleg Zaitsev worked at the Supreme Arbitration Court of the Russian Federation Analysis Department (first at the Department of Court Practice Analysis and Generalization, then at the Department of Private Law). He contributed to the drafting of numerous clarifications issued by the Supreme Arbitration Court of the Russian Federation and federal laws on bankruptcy and corporate law, as well as the law on collectors. Member of the Scientific-Consultative Council under the Supreme Court of the Russian Federation and its working groups which prepare a number of clarifications on bankruptcy.


* The Programme may be subject to change