Оспаривание сделок в процедуре банкротства
Sustainable development is a practical goal toward which we should be working in all the fields of economic, political and social activities in order to promote responsible behavior and long-term economic growth. The subject of the conference is oriented to future challenges for corporate governance and public policy and their sustainable future.
This article reviews the functions of transaction avoidance in German insolvency law. First it considers the effectiveness of transaction avoidance law from the point of economics. The author evaluates what incentives are created by the actual transaction avoidance provisions and how do they affect the moment the insolvency petition is filed and the possibility of rescuing the company. Separately the author gives the evaluation of strategies of the secured creditors, whose interests are not the same with the general body of creditors. The second part analyzes the prerequisites which are mandatory for the successful avoidance of the transaction.