The Rada again plans to consider a moratorium on bankruptcy of state-owned critical infrastructure facilities

In the coming days, the Verkhovna Rada plans to consider in the second reading a draft law that provides for the introduction of a moratorium on the bankruptcy of state-owned critical infrastructure facilities until the end of martial law and within 2 years after its lifting. This was reported by UNN with reference to the draft of the agenda of the Verkhovna Rada meeting and draft law No. 8316.

Details

According to the draft law, it is planned to establish that temporarily, during martial law and for two years after its lifting, it is not allowed to open bankruptcy proceedings against business entities that meet the following criteria: are operators of critical infrastructure; shares (stocks, units) of a business entity were expropriated during martial law; the state directly or indirectly owns more than 50 percent of the shares (stocks, units) in the authorized capital of a business entity, except for business entitie

Arrests imposed on property or funds for such enterprises are also subject to lifting, and no arrests or other restrictions on property and/or funds may be imposed during martial law and for two years after its lifting. Such enterprises may also not be reclaimed, seized or expropriated from the state.

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Draft Law No. 8316 was registered in December 2022. In March last year, it was adopted as a basis, and in August, MPs failed to pass it in the second reading and sent it back for a repeated second reading.

Recall

The Verkhovna Rada has adopted as a whole the European integration draft law No. 8244, which regulates succession in labor relations in case of change of ownership of an enterprise.