Regarding solving the problems of forced foreclosure on the debtor's share in a limited liability company

Abstract

The article examines the problems of ensuring an effective mechanism for foreclosure on the debtor's share in a limited liability company. It has been established that the existing tools for overcoming conflicts in the case of the implementation of corporate rights of the debtor in the LLC do not meet the needs of executive proceedings. Taking into account the divisibility of the share, it is concluded that the preferential right to purchase the share applies to that part of the share that covers the amount of the debt, if the amount of debt of the partner of the partnership is less. than the value of the share determined in the foreclosure procedure. The possibility of converging the procedures of forced debt collection and forced withdrawal of a participant from a limited liability company has been identified. Based on this, it is proposed to establish a subsidiary procedure for the compulsory payment of the value of a share in a company by analogy with the relations regarding the exit of a participant from a company with certain features. Among these features is the emergence of the right to forced payment of the share only after the lack of effectiveness of the sale of the share in the enforcement proceedings, the need to shorten the terms of payment of the value of the share by establishing the obligation of the company to make the payment within a month after the end of the financial quarter in which the executor sent the company a demand for the distribution of the share participant This approach can make it possible to reduce the debtor's share in the company in proportion to the payment of the partner's debt by the company, without creating an additional financial burden on the company, as well as to stimulate other participants to early redemption of the debtor's share in order to prevent financial complications for joint business. It is also proposed to legislate that in the event that a participant (participants) does not exercise its preemptive right to purchase another participant's share, the participant's share is redeemed by the participant (participants) on a proportional basis without taking into account the share of the participant (participants) who waived the preemptive right. Key words: executive proceedings, economic regulation, preemptive right, corporate rights, executor, debtor, foreclosure on a share in a limited liability company.