Template-Type: ReDIF-Paper 1.0 Author-Name:Alexander Radygin Author-Name-First:Alexander Author-Name-Last:Radygin Author-Workplace-Name:Gaidar Institute for Economic Policy Author-Name:Revold Entov Author-Name-First:Revold Author-Name-Last:Entov Author-Workplace-Name:Gaidar Institute for Economic Policy Author-Name:Irina Mezheraups Author-Name-First:Irina Author-Name-Last:Mezheraups Author-Name:Alina Gontmakher Author-Name-First:Alina Author-Name-Last:Gontmakher Author-Name:Yuri Simachev Author-Name-First:Yuri Author-Name-Last:Simachev Author-Workplace-Name:Interdepartmental Analytical Center Author-Name:Natalia Shmeleva Author-Name-First:Natalia Author-Name-Last:Shmeleva Author-Name:Mikhail Kuzyk Author-Name-First:Mikhail Author-Name-Last:Kuzyk Author-Name:Harry Swain Author-Name-First:Harry Author-Name-Last:Swain Title: The Institution of Bankruptcy: Development, Problems, Areas of Reforming Abstract: The research focuses on the analysis of the emergence of the institution of bankruptcy (insolvency) in Russia. More specifically, it centers on studying the evaluation of its legal base, specific purposes of its use in the national transition economy, motives and objects of application of the given procedures and development of the respective country-specific recommendations. While analyzing theoretical approaches to the problem of bankruptcy, the authors focus on market financial regulation mechanisms, forms and options of bankruptcy procedures, as well as evaluation of first results of application of the new, 2002–2004, Russian law. In parallel with the analysis of the Canadian experiences in the area of corporate bankruptcy, the authors consider economic fundamentals of bankruptcy and provide a review of the contemporary legal and law enforcement systems in this particular area. Length: 281 pages Creation-Date: 2005 Revision-Date: 2012 Classification-JEL: G33, G38, P2, P31 Keywords: Russian economy, bankruptcy, corporate sector File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/123Radygin.pdf File-Format: Application/pdf File-Function: Revised version, 2012 Handle: RePEc:gai:ppaper:123