Parliamentary financial committee recommends passing bill on financial restructuring
The parliament committee for financial policy and banking operations has recommended that the parliament passes bill No. 3555 on the financial structuring registered on December 24, 2015 and passed at first reading.
An Interfax-Ukraine correspondent has reported that at a meeting of the committee on January 26 it was also decided to create a working group with the attraction of representative of the Finance Ministry, Justice Ministry and the associations of the banking market to prepare the bill for second reading.
As reported, the parliament in late 2015 postponed the adoption of the government's bill on the financial restructuring for early 2016.
"It [the document] has not been discussed by the committee, and there are no all the conclusions on the document. I talked to the finance minister today, and we agreed that at the next meeting of the committee next year we will fist consider the bill," the head of the parliamentary committee for financial and banking operations, Serhiy Rybalka, said speaking in the parliament.
Deputy Finance Minister of Ukraine Artem Shevalev said in the parliament that the bill was drawn up to overcome negative consequences in the financial sector caused by crisis in the Ukrainian economy and fulfill Ukraine's liabilities to international financial organizations (IFIs).
The provisions of the document aim at creating an efficient mechanism of voluntary financial restructuring of debts of companies and their pretrial readjustment, he said.