Legal Convergence in Developing the Anti-crisis Potential of Bankruptcy Institute as Responding to the Negative Economic Impact of Covid-19 Pandemic

Y. N. Folgerova, K. A. Minnullina, E. P. Tatarinova

2021

Abstract

The insolvency (bankruptcy) institute has a special role in the crisis management measures system, given its rehabilitative potential and selection mechanisms inherent in it. The crisis phenomena caused by the Covid-19 spreading serve as the legal regulation problems catalyst in this sphere, which actualizes its improvement necessity to minimize the pandemic negative economic effect. Insolvency law adaptation to the Covid-19 new challenges, given its spread scale, is a challenge faced by all legal systems without exception. This article attempts to systematize and structure the Government’s response at the national level to the institution of insolvency, aimed at minimizing the negative consequences of the pandemic. The analysis allows us to demonstrate that disparate, uncoordinated measures have common trends and patterns. Based on the conducted research, in conclusion, proposals are formulated that would allow taking into account foreign practice to determine the strategy for the development of the institution of insolvency in the Russian legal system in order to increase its effectiveness as a mechanism of anti-crisis regulation.

Paper Citation

in Harvard Style

Folgerova Y., Minnullina K. and Tatarinova E. (2021). Legal Convergence in Developing the Anti-crisis Potential of Bankruptcy Institute as Responding to the Negative Economic Impact of Covid-19 Pandemic. In Proceedings of the 2nd International Scientific and Practical Conference "COVID-19: Implementation of the Sustainable Development Goals" - Volume 1: RTCOV, ISBN 978-989-758-617-0, pages 232-236. DOI: 10.5220/0011118400003439

in Bibtex Style

@conference{rtcov21,
author={Y. N. Folgerova and K. A. Minnullina and E. P. Tatarinova},
title={Legal Convergence in Developing the Anti-crisis Potential of Bankruptcy Institute as Responding to the Negative Economic Impact of Covid-19 Pandemic},
booktitle={Proceedings of the 2nd International Scientific and Practical Conference "COVID-19: Implementation of the Sustainable Development Goals" - Volume 1: RTCOV,},
year={2021},
pages={232-236},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011118400003439},
isbn={978-989-758-617-0},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Scientific and Practical Conference "COVID-19: Implementation of the Sustainable Development Goals" - Volume 1: RTCOV,
TI - Legal Convergence in Developing the Anti-crisis Potential of Bankruptcy Institute as Responding to the Negative Economic Impact of Covid-19 Pandemic
SN - 978-989-758-617-0
AU - Folgerova Y.
AU - Minnullina K.
AU - Tatarinova E.
PY - 2021
SP - 232
EP - 236
DO - 10.5220/0011118400003439