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Institute of Insolvency in Russia: Demand, Trends and Major Problems

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  • Yu. Simachev

Abstract

The article discusses key issues of the insolvency (bankruptcy) institute development in Russia as an important element of market economy. Main accents are made on economic and institutional factors that determine specific features of insolvency procedures in Russia and its consequences for the national economy. The structure of the demand for insolvency is evaluated. The evaluation is based on the arbitrage courts' statistics and enterprise survey data. Discussion of major problems that arise during transition to civilized insolvency system and are conditioned by institutional limitations and established motivations for bankruptcy concludes the article.

Suggested Citation

  • Yu. Simachev, 2003. "Institute of Insolvency in Russia: Demand, Trends and Major Problems," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 4.
    • Handle: RePEc:nos:voprec:y:2003:id:2021
    DOI: 10.32609/0042-8736-2003-4-62-82
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