THE IMPORTANCE OF JUDICIAL PROTECTION OF THE RIGHTS OF LIMITED LIABILITY COMPANY PARTICIPANTS IN INSOLVENCY PROCEEDINGS
Keywords:
insolvency, limited liability company, participant, corporate rights, proprietary rights, judicial protection, corporate governance, creditors, share, legitimate interests.Abstract
This article examines the theoretical and practical significance of judicial protection of the rights and legitimate interests of participants in a limited liability company (LLC) during insolvency proceedings. The study analyzes the impact of insolvency proceedings not only on the financial and economic condition of the company but also on the corporate and proprietary rights of its participants, including circumstances in which the exercise of such rights may be restricted.
The study concludes that judicial protection of participants’ rights during insolvency proceedings serves not only to restore violated rights but also to ensure legality in corporate governance, prevent the abuse of corporate rights, protect participants’ proprietary interests, and maintain an appropriate balance between the interests of the company and its creditors. The article puts forward theoretical conclusions and practical recommendations aimed at improving the effectiveness of judicial protection of participants’ rights during insolvency proceedings.
