On the relevance of the observation in the framework of insolvency (bankruptcy)

The authors analyze the problem of the low efficiency of the modern observation procedure in the framework of the insolvency (bankruptcy) case. It is noted that in most insolvency cases, observation is a procedure that inhibits the opening of bankruptcy proceedings. In conclusion, it is concluded that the reduction in the overall length of proceedings may have a positive impact on the efficiency of the judicial system and to reduce the workload of judges of arbitration courts.