In February 2026, a professional discussion was held on alternative draft laws aimed at introducing simplified insolvency procedures for micro and small businesses. The main focus of the discussion was on Draft Laws No. 15024 and No. 15004, which propose different approaches to the implementation of EU Directive 2019/1023 on restructuring and insolvency.
The event brought together representatives of the Ministry of Justice of Ukraine, the Supreme Court, the judiciary, the banking sector, the National Association of Insolvency Practitioners of Ukraine, the legal community, and experts in insolvency law.
Among the participants was Artur Megeria, Senior Partner of L.I. Group, Insolvency Practitioner, and Attorney-at-Law, who presented his position on the importance of preserving professional administration of bankruptcy procedures, even in the context of their simplification.
In his speech, he emphasized that the efficiency and predictability of insolvency proceedings directly depend on the involvement of an independent professional — an insolvency practitioner.
“Bankruptcy without an insolvency practitioner is like football without a referee. The outcome will be unpredictable.
An insolvency practitioner is an independent professional who ensures a balance between the interests of the debtor, creditors, and other stakeholders in the proceedings. Professional administration is what makes the process efficient, transparent, and fair,” said Artur Meheria.
The discussion also featured contributions from:
- Yulian Khorunzhyi — Attorney-at-Law, one of the authors of Draft Law No. 15024;
- Oleksii Movchan — Member of Parliament of Ukraine;
- Serhii Donkov — Director of the Bankruptcy Department of the Ministry of Justice of Ukraine;
- Serhii Stanik — Judge of the Northern Commercial Court of Appeal;
- Oleh Vaskovskyi — Judge of the Commercial Cassation Court within the Supreme Court;
- Taras Shepel — Chairman of the Permanent Arbitration Court at the Ukrainian Chamber of Commerce and Industry;
- Vasyl Hei — Representative of the banking sector;
- Oleksandr Bondarchuk — Chairman of the National Association of Insolvency Practitioners of Ukraine;
- Olena Volianska — Member of the NAIPU Council and Member of the Ukrainian Bar Association Committee on Insolvency Law.
Participants discussed key aspects of the proposed reform, including:
- criteria for applying simplified insolvency procedures to micro and small businesses;
- timeframes for insolvency proceedings;
- the role of the insolvency practitioner;
- balancing the interests of debtors and creditors;
- risks of abuse resulting from excessive simplification of procedures.
Following the discussion, the experts concluded that further development of the draft laws should take into account the position of the professional community, judicial practice, and international standards in order to ensure effective reform of insolvency procedures in Ukraine.