Role and place of arbitration management in sustainable regional development

This article examines approaches to the implementation of arbitration management as a component of the implementation of anti-crisis policy at the regional level. The author analyzed historical approaches to effective bankruptcy management and foreign experience in anti-crisis management. It was found that the study of legal regulation of insolvency relations in pre-revolutionary Russia indicates its fairly high level even in comparison with contemporary foreign analogues. In modern conditions, the Russian Federation is forming its own model of regulatory influence on the system of relations between the debtor and the creditor, so the use of positive foreign experience seems extremely promising and effective. In the course of the study, it was noted that the institution of arbitration management at the regional level is needed in order to most effectively resolve issues related to the financial recovery of industrial enterprises. It was found that the functions of arbitration management are: organizational, methodological, analytical, prognostic, planning and control functions. It is concluded that arbitration management as an economic and legal institution of insolvency operates on the basis of its own institutional principles. The author defines the principles of arbitration management, which are based on general economic principles and principles of insolvency law, forming a stable basis for the implementation of effective and qualified management of the debtor during its insolvency.