Current issues of the role of the arbitration manager in the enterprise rehabilitation procedure

The article examines the role of insolvency practitioners in the corporate restructuring process amidst economic instability and dynamic changes. It highlights the primary tasks of an insolvency practitioner, such as developing a restructuring plan, negotiating with creditors, and overseeing the implementation of measures aimed at restoring the company’s solvency. Particular attention is given to the contemporary problems and challenges faced by insolvency practitioners: legislative and regulatory issues, financial and economic problems, interactions with stakeholders, organizational and managerial issues, as well as ethical and moral challenges. It is established that researching these problems is critically important for improving the effectiveness of insolvency practitioners’ activities and for developing appropriate regulatory and practical recommendations. This paper analyzes the legislative norms regulating the activities of insolvency practitioners. A review of changes in legal regulations and their impact on the activities of insolvency practitioners is conducted. Criteria for the effectiveness of insolvency practitioners’ activities are determined. Successful cases of corporate rehabilitation and the factors influencing their effectiveness are analyzed. The methods and strategies of interaction between insolvency practitioners with creditors and debtors are examined. The problems and conflicts arising in the communication process and ways to resolve them are considered. Approaches to asset management, including the sale of property and cost optimization, are analyzed. Innovative methods of attracting investments and improving the financial condition of a company are discussed. The macroeconomic factors affecting rehabilitation procedures are analyzed. The impact of economic crises, tax policies, and financial regulation on the activities of insolvency practitioners is explored. Ethical standards and principles that insolvency practitioners must adhere to are assessed. Cases of ethical norm violations and their consequences are analyzed. The current trends and technological innovations impacting the activities of insolvency practitioners have been considered, namely: digitization of document management, process automation, analytical tools and big data, blockchain technology, smart contracts, and cybersecurity. Prospects for the development of rehabilitation procedures in the context of digitalization and the use of analytical tools are investigated.