The Verkhovna Rada introduced a moratorium on the bankruptcy of critical infrastructure facilities

On May 22, the Verkhovna Rada of Ukraine adopted draft law No. 8316, which introduces a moratorium on the bankruptcy of state-owned critical infrastructure facilities. This moratorium will remain in effect during martial law and for two years after its end.

People's deputy Yaroslav Zheleznyak announced this, noting that 227 people's deputies voted for the adoption of the law. The draft law received support for the purpose of ensuring the stable functioning of important state enterprises during the difficult period of martial law and in the process of restoring the country after the end of hostilities.

This draft law is designed to protect state-owned enterprises, which are of key importance for the livelihood of the population and national security, from bankruptcy proceedings. This will allow such enterprises to continue their activities without the threat of stopping due to financial difficulties.

According to the explanatory note to the draft law, legal disputes regarding the state's ownership of strategic enterprises and their bankruptcy procedures will not be considered during the war and for two years after its end. This measure is aimed at settling disputes related to the ownership of critical infrastructure objects, as well as restoring their solvency or declaring them bankrupt.

The moratorium covers objects of critical infrastructure, more than 50% of the authorized capital of which belongs to the state. It also applies to enterprises whose shares were forcibly expropriated under martial law.

Bill No. 8316 was registered at the end of 2022. In the first reading, it was approved in March 2023, and in August it was sent for a repeated second reading. This law is an important step in ensuring the stability and uninterrupted operation of critical infrastructure facilities, which are vital for the state in times of war and subsequent reconstruction.