THE LEGAL STATUS OF INSOLVENCY PRACTITIONERS UNDER THE LEGISLATION OF THE UNITED KINGDOM

Author(s): Shtykov D.V., Dronov M.O.

Rubric: Specific issues of law and law enforcement

DOI: 10.21777/2587-9472-2025-4-67-73

Release: 2025-4 (48)

Pages: 67-73

Keywords: insolvency, external administration, reorganization, revenue administration, liquidation, insolvency specialists, professional associations, liability insurance, remuneration

Annotation: The article is devoted to a comprehensive analysis of the legal regulation of the status of insolvency practitioners in the United Kingdom. In particular, it examines such aspects of the topic as the procedure for obtaining the status of an insolvency practitioner and the requirements imposed on persons vested with this status; the role of professional associations responsible for licensing and certifying insolvency practitioners; and the remuneration of persons con- ducting insolvency proceedings. It is noted in the legal literature that “the regulation of insolvency and liability for illegal actions related to bankruptcy has been developing in England for several centuries.”2 The modern stage of the development of insolvency legislation, however, began with the adoption of the Joint Stock Companies Act (1844) and the Joint Stock Companies Winding-Up Act (1844). Thus, the United Kingdom has gone through a significant process of improving the legal framework of insolvency, which makes its study relevant, including for the purpose of borrowing best practices. The methodological basis of the study consists of general scientific methods of analysis and synthesis, as well as the specific scientific method of comparative legal analysis. The conclusion provides a number of findings that may be relevant for optimizing the legal regulation of insolvency in the Russian Federation. In the text of the article, the Russian Federation is abbreviated as RF.

Bibliography: Shtykov D.V., Dronov M.O. THE LEGAL STATUS OF INSOLVENCY PRACTITIONERS UNDER THE LEGISLATION OF THE UNITED KINGDOM // Journal of Legal Sciences. – 2025. – № 4 (48). – С. 67-73. doi: 10.21777/2587-9472-2025-4-67-73