It is a well-known fact that an insolvency practitioner participates in proceedings concerning the insolvency estate or an object forming part of the insolvency estate. However, it is not clear whether company’s liquidator can act on behalf of a bankruptcy victim in business criminal cases and this sometimes leads to practical problems. This is because the legislation does not clearly indicate the point at which the company’s liquidator acquires standing in the proceedings and does not provide for what to do in the event that pre-trial proceedings are initiated.
