Changes for financial institutions in Ukraine’s restructuring and recoveries market

Until recently Ukraine has been known as a high-risk country, provoking creditors’ fears of being caught up in a default with zero prospect of recovery. But Iryna Kalnytska, head of the restructuring and claims practice at Ukrainian firm GOLAW, says the situation has changed substantially over the past few years with reforms to Ukraine’s Bankruptcy Code and new legislation on creditors’ rights.