Open AccessDOING BUSINESS’2020 RESULTS: PROBLEMS AND PERSPECTIVES OF IMPROVEMENT OF THE ECONOMIC AND LEGAL INSTITUTE OF INSOLVENCY (BANKRUPTCY)
Author(s) -
Королев Юрий Юрьевич
Publication year - 2020
Publication title -
naučnye problemy vodnogo transporta
Language(s) - English
Resource type - Journals
eISSN - 2713-1866
pISSN - 2713-1858
DOI - 10.37890/jwt.vi62.42
Subject(s) - insolvency , bankruptcy , debtor , legislation , russian federation , accounting , business , legislature , creditor , finance , economics , economic policy , law , political science , debt
The article analyzes the results of the Doing Business international rating for 2020 for the Republic of Belarus and the Russian Federation. Based on the actual rating data for two countries, the author investigated the methodology of the Resolving insolvency indicator, which is one of ten equilibrium components of the final Doing Business indicator and assesses the level of development of national economic and legal institutions of insolvency (bankruptcy). Some factors determining the lag of the Republic of Belarus and the Russian Federation from other countries, primarily the countries of the former USSR, are identified. On the example of India, the results of reforming the national legislation on economic insolvency (bankruptcy) and the transition to effective rehabilitation procedures of the debtor are evaluated. It is concluded that it is possible to use approaches and methods of calculating the Resolving insolvency indicator to develop areas for reforming national economic and legal institutions of insolvency (bankruptcy).