PROTECTION OF INVESTORS’ RIGHTS WITHIN
THE PROCEDURE OF INSOLVENCY (BANKRUPTCY)
OF NON-CREDIT FINANCIAL ORGANISATIONS:
A COMPARATIVE LEGAL RESEARCH

R.A. CHICHAKYAN,
Master’s Degree in Law at the MGIMO University,
LL.M. in Commercial Law at the Manchester University,
PhD Researcher at the University of Turin


I.I. ZIKUN,
Ph.D. Student of the Department of Civil Law of the Law Faculty
of the Lomonosov Moscow State University

DOI: 10.24031/1992-2043-2018-18-6-239-274

This review is an analysis of possible ways to reform the existing domestic legislation on
insolvency (bankruptcy) of financial organizations, based on the experience of leading
foreign jurisdictions, which following the economic crisis of 2008–2010 has already
implemented some models of regulation of financial rehabilitation and liquidation in
the framework of insolvency (bankruptcy) of financial institutions.


Keywords: insolvency; bankruptcy; NFO; non-credit financial organizations; investment
funds; securitization; financial recovery; investor protection.

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Information about the author

Chichakyan R.A. (Moscow) – Master’s Degree in Law at the MGIMO University,
LL .M. in Commercial Law at the Manchester University, PhD Researcher at the
University of Turin (Campus Luigi Einaudi, Lungo Dora Siena, 100 A, 10153, Torino
TO, Italy; e-mail: Rimmach94@gmail.com).


Zikun I.I. (Moscow) – Ph.D. Student of the Department of Civil Law of the
Law Faculty of the Lomonosov Moscow State University (119991, GSP-1, Moscow,
Leninskie Gory 1, bldg. 13-14; e-mail: i.zikun@yandex.ru).

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