On March 14, 2025, the Ukrainian Bar Association hosted a roundtable discussion “ARMA: a big restructuring. How the Draft Law No. 12374-d Changes the Agency's Philosophy”, organized by the UBA Committee on Competition Law and the UBA Committee on Criminal and Criminal Procedurasl Law.

The event was moderated by:

- Natalia Tyshchenko - Deputy Chairman of the UBA Committee on Competition Law, Member of the Board of the Ukrainian National Insolvency Trustees Association, Deputy Chairman of the Council of Insolvency Practitioners of Kyiv, Managing Partner of Nobili Law Firm, Insolvency Practitioner, Attorney at Law.

- Oleksiy Voronko - Chairman of the UBA Committee on Competition Law, Managing Partner of Ario Law Firm.

The discussion was joined by:

- Olena Duma, Head of ARMA

- Pavlo Velykorechanin, Deputy Head of ARMA

- Grigol Katamadze, Deputy Head for European Integration of ARMA

- Vladyslav Filatov, Director of the Bankruptcy Department of the Ministry of Justice of Ukraine

- Mykola Stotskyi, Prosecutor of the Prosecutor General's Office Investment Protection Department

- Iryna Zharonkina, Head of the Enforcement of Court Decisions and Protection of Property Rights Component of the EU Project “Pravo-Justice”

- Julia Gramma, lawyer, Estonia

- Oleksandr Bondarchuk, Chairman of the Board of the Ukrainian National Insolvency Trustees Association

- Sergiy Donkov, Member of the Board of the Ukrainian National Insolvency Trustees Association

- Yulian Khorunzhyi, Member of the Board of the UBA Committee on Procedural Law, Senior Partner at Ario Law Firm

- Andriy Avtorgov, private enforcement officer, Chairman of the UBA Private Enforcement Section, Deputy Chairman of the Board of the Association of Private Enforcement Officers of Ukraine

- Artur Megerya, Member of the Board of the UBA Committee on Competition Law, Chairman of the Council of Insolvency Practitioners of Kyiv, Senior Partner of L.I.Group Law Firm

- Yevhen Grushovets, Member of the Board of the UBA Section of Attorneys, Lawyers of Law Firms and Self-Employed Lawyers, Partner at Ario Law Firm

- Yevhen Riyako, Deputy Chairman of the UBA Committee on Criminal and Criminal Procedural Law, Managing Partner of RIYAKO & PARTNERS, attorney at law

- Olena Volyanska, Member of the Board of the UBA Committee on Competition Law, Partner, Head of Bankruptcy and Restructuring Practice at LCF Law Group, Member of the Board of  Ukrainian National Insolvency Trustees Association

- Sergiy Boyko, Member of the Board of the UBA Committee on Criminal and Criminal Procedural Law, Counsel at VB PARTNERS

The participants discussed the main aspects of the draft law No. 12374-d and its impact on ARMA reform. The discussion centered on whether the proposed changes constitute a radical reboot of the Agency or just point improvements. Special attention was paid to the assessment of the reform by European partners and its compliance with international standards. Representatives of the ARMA, the bar and law enforcement agencies expressed their views on new mechanisms for managing seized assets, especially the role of insolvency officers and private enforcement officers in this process. They also discussed the procedural aspects of transferring assets into management, the issue of their effective use, the responsibility of managers and the possibility of bankruptcy of seized property. In addition, the experts analyzed the reform of the State Property Fund as an example of a reform that is already in place and made initial conclusions about its effectiveness. The participants of the event concluded that the proposed changes could have a significant impact on law enforcement practice, but their successful implementation requires a comprehensive revision of the implementation mechanisms.

The event brought together leading industry experts who analyzed in detail the prospects for reforming the ARMA and its impact on the system of managing seized assets in Ukraine. They concluded that the proposed changes could have a significant impact on law enforcement practice. At the same time, it was emphasized that the successful implementation of the reform requires a comprehensive revision of the implementation mechanisms, taking into account both international experience and the realities of the Ukrainian legal system.