On February 12th, an open online meeting of the MCCI’s Committee for resolving debt disputes and strengthening payment requirements of business entities took place, the theme being “New tools to improve the efficiency of bankruptcy”.
Opening the event, the Chairman of the Committee, Mr. Dmitry Zhdanukhin, noted the relevance of the topic discussed in connection with the end of the "Covid - 19 crisis” moratorium on bankruptcy, which was in force in Russia from April 2020 to early January of this year.
The Chairman of the MCCI Committee for the development of cooperation of business clubs’ associations, Mr Oleg Moskovsky, devoted his speech to the experience of creditors' association in sovereign headquarters and showed the advantages of such association. He gave creditors his recommendations for working with the media, introduced the audience to examples of coordinated and successful actions of creditors in such headquarters.
Mr. Dmitry Zhdanukhin talked about the emergence of the "new humanitarian tools" for bankruptcy reconciliation, based on the study of ancient history. He introduced the audience to algorithms for planning work regarding bankruptcy, a new format called “debt assessment review" (a review of the actions of the parties in bankruptcy proceedings, with the provision of a plan for stakeholders) and other tools, and analyzed the mechanism of the action by providing a specific example.
"We do not cut off our debtors from the road to “retreat”, but, on the contrary, we show them that we are willing to negotiate," the speaker noted. He also announced that the Committee is now selecting new situations for inclusion in the “debt assessment reviewl" (ten “debt assessment reviews" have been held to date) and urged those willing to be proactive.
The next segment of the online meeting was devoted to IT solutions for optimizing the debt management processes. Ms. Vera Davydenko, the Manager of Sberbank's Distressed Assets Department, gave a presentation on theTime2Pay, a digital service for distressed debts and non-core assets that helps to collect accumulated overdue debts throughout the Russian Federation.
According to her, the service is especially relevant, given the fact that the amount of overdue accounts receivables in our country today amounts to 6 trillion rubles. 42% of this amount accounts for small and medium businesses, while the market volume of non-core assets is 2.6 trillion rubles. Non-core assets can now be sold through another Sbera service - the DA portal, a platform for selling assets and finding investors.
The Project Director of the Enforcement and Bankruptcy Department of Sberbank, Mr. Razmik Babasyan, introduced the audience to another tool for passing through bankruptcy procedures - a service called Bankro.TECH, explaining in detail the key features and principles of its work.
Mr. Vladimir Semyonov, an arbitrage bankruptcy trustee, lawyer, mediator, and a member of the Board of the Association “Dostoyanie", talked about the use of mediation in bankruptcy proceedings, about the program "Assistant to the Arbitrage Bankruptcy Trustee,” touching upon the particulars of such programs and the main problems of arbitration managers.
Mr. Andrei Pashkevich, the General Director of Yurrobot LLC, presented a cloud platform for processing and filing electronic documents by using artificial intelligence and machine learning. JURROBOT automates the entire cycle of work with a debtor - from automated robotic calling, calculating penalties, from forming an electronic documents’ flow of claims and lawsuit activities to sending documents to a court online, etc.
Me. Alexei Kunin, the Founder and Managing Partner of Lextra LawTech, introduced the audience to the peculiarities and stages of creating an electronic archive. "This tool is well suited for remote work in particular, when one needs prompt access to specific documents," he explained.
During the online session, the speakers answered questions from the audience.