Legal problems of consolidation of corporate and insolvency (bankruptcy) legislation

In recent decades, many countries have been actively working to consolidate and modernize their corporate and bankruptcy laws. This process plays a key role in creating a favorable business environment, attracting investment and ensuring stable functioning of the economy. In this regard, the problem of consolidation of corporate and insolvency (bankruptcy) legislation becomes especially urgent. The article is aimed at creating a clearer and more effective legal environment, which is important for all participants of legal relations.