Abstract:

The role of insolvency practitioners is important in ensuring the efficiency of the bankruptcy process, which requires clear criteria for liability to increase confidence in the arbitration system and international cooperation. In turn, establishing of clear criteria for liability raises the professional standards of insolvency receivers, which provides legal certainty and stability for attracting investment. In summary, the article uses the methods of analysis, synthesis, induction, deduction, and analytics to study the international legal regulation of liability of insolvency receivers. The purpose of the study is to analyze the international legal mechanisms for regulating the liability of insolvency receivers aimed at protecting the rights of parties to the process, preventing abuse, and raising professional standards. It also formulates recommendations for Ukraine to harmonize legislation and enhance transparency in restructuring and bankruptcy procedures. In particular, it highlights the need to adapt national laws to meet global standards, ensuring smoother cross-border cooperation.