The effect of mediation on bankruptcy proceedings

Journal of Modern Economic Research

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Field Value
Title The effect of mediation on bankruptcy proceedings
Creator Surma, Liudmila
Králikova, Kristína
Description Mediation known worldwide as an institution for resolving disputes is widely used in many sectors, including the economic field. Current paper sheds light on the issues of introduction and development of mediation in bankruptcy procedure. The importance of the research of these issues is high because in case of successful implementation of mediation in the procedures on economic failure cases, a profound positive result can be obtained in restoring the solvency of specific debtors, and therefore, in the economy as a whole. Successful mediation, even in the winding­up bankruptcy proceeding, will minimize the negative consequences for the debtor, creditors and other participants of the bankruptcy process. This article provides a general description of mediation, analyzes its difference from traditional dispute resolution methods. Particular attention is paid to analyzing the role of mediation in the bankruptcy process of the enterprises and organizations and possible directions on the use of mediation in order to increase the efficiency of the bankruptcy institutions. The authors have also investigated the role of the mediation institution in the bankruptcy procedure, pointing to the undeniable positive economic results, which mediation brings not only to the parties, but, as mentioned above, to the economy as a whole.
Publisher DENAKYR s.r.o
Date 2019-06-13
Type info:eu-repo/semantics/article
Peer-reviewed Article
Format application/pdf
Source Journal of Modern Economic Research; Vol 1 No 2 (2019); 39-46
Language eng
Rights Copyright (c) 2019 Journal of Modern Economic Research

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