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Regular version of the site

Article

«Банкротный туризм»: миграция должников в поисках лучшего места для персонального банкротства и освобождения от долгов // Закон. 2015. № 12. С. 73-97. (2,25 п.л.).

Закон. 2015. № 12. С. 73-97.

The article explores “bankruptcy tourism” which is the

individual debtor’s choice of the most preferred country

for his bankruptcy. The author highlights causes of the

phenomenon, principles of its evolution and provisions for

its occurrence. She notes that regulation of international

jurisdiction of insolvency cases and mechanisms of foreign

bankruptcy recognition significantly affects the growth of

“bankruptcy tourism” which is confirmed by the experience

of the European Union. The article provides a research of

prospects for migration of the Russian debtors seeking for

“bankruptcy tourism” and evaluates the corresponding legal

consequences for the Russian jurisdiction. The analysis

of foreign approaches to the issue of recognition of postbankruptcy

discharges for individuals opens up the possibility

to evaluate the prospects for their use in Russia. The author

points out that despite it is desirable to acknowledge debt

reliefs issued in a foreign jurisdiction, the countries reserve

their right to block their cross-border effect in certain cases.