Bankruptcy trustees criticize bankruptcy bill

28 January. FINMARKET.RU – The Association of Arbitration Managers has criticized the project of the Ministry of Economic Development on a large-scale reform of bankruptcy, writes Kommersant. On January 22, the National Union of Crisis Management Professionals (NSPAU, a national association, which includes more than 50% of self-regulating organizations of AU) sent amendments to the Deputy Head of the Ministry of Economic Development Ilya Toros ministries to the bankruptcy law, including the work of managers. Some of the claims of the union coincide with those previously expressed by the GPU, which were never eliminated. According to the arbitration administrators, the amendments finalized in January do not take into account all the remarks of the President’s State Legal Department (GPU), jeopardize the independence of the AU and, in the proposed form, can only “destabilize the country’s economy” and also “destroy the self-regulation of the arbitration department.” Thus, arbitration managers are dissatisfied with the introduction of a scoring system that affects the selection of an asset for participation in a bankruptcy case. The union also criticizes the replacement of monthly payments of AU remuneration with a one-time one after the completion of the procedure. The national association is dissatisfied with the proposal to transfer its powers to develop standards for the activities of managers of the Ministry of Economic Development: it “contradicts the concept of self-regulation and the mechanism of the“ regulatory guillotine. ”I also disagree with the NSPAU with the possibility of paying one creditor the volume of the entire SRO fund (now the limit is 50%) – the fund will be exhausted and the SRO will be under the threat of liquidation. Closely related to this is the problem of insurance of liability of AU (the fund does not compensate for all losses) – its amendments do not affect. The Union proposes to make liability insurance of AU compulsory with regulated tariffs. criticism of the NSPAU.

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