Role and legal implications of application of platform solutions in bankrettlement

Abstract

The formation of the digitalization process and the impact of digital technologies on the optimization of insolvency cases in the Russian Federation and foreign countries shows that practice inevitably turns to platform solutions to the challenges faced. The study of implemented technologies in specific cases and their correlation with legislative solutions in the field of insolvency (bankruptcy) allows us to identify the main effects of Big Data analysis, artificial intelligence, machine learning and neural networks, for the economic stability of companies, as well as to ensure the fairness of the bankruptcy procedure by the participants of the property turnover. The platformization of social relations has found its manifestation in different aspects of bankruptcy, starting with filing a petition with the arbitration court to declare the debtor insolvent (bankrupt) and publishing information on the progress of bankruptcy proceedings in the register of the EBRD, through electronic document flow and holding meetings of creditors with the help of technical means and bidding in electronic form, including the inclusion of digital assets in the bankruptcy estate, taking into account the results of financial condition forecasting and crisis management. At the same time, the creation of digital platforms or ecosystems has become a distinctive feature of the forms of bankruptcy work used in practice and legalized. The streamlining of relations in this sphere will make it possible to ensure cheaper, faster and simpler bankruptcy procedures, transparency of procedures, and, in general, to ensure fair distribution of the bankruptcy estate among creditors, taking into account the request of society.

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