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today

THE LARGEST AIRLINE OF LATIN AMERICA INITIATED BANKRUPTCY PROCEEDINGS

today

THE LARGEST AIRLINE OF LATIN AMERICA INITIATED BANKRUPTCY PROCEEDINGS

The new coronavirus pandemic has seriously hit the airline industry. Previously, it was reported about the bankruptcy of the Colombian airline ...

yesterday

THE RESTAURANTS OF RUSSIA PRESENTED THEIR OWN ANTI-BANKRUPTCY PLAN

yesterday

THE RESTAURANTS OF RUSSIA PRESENTED THEIR OWN ANTI-BANKRUPTCY PLAN

The Federation of Restaurateurs and Hoteliers (FR & H), having disagreed with the rules for withdrawing the catering enterprises from the t...

25 May

A TECHNICAL DEFAULT TOOK PLACE IN ARGENTINA

25 May

A TECHNICAL DEFAULT TOOK PLACE IN ARGENTINA

On May 22, 2020, Argentina has experienced another technical default. The governmental dollar bonds required the payment of the interest to cre...

22 May

THE USERS OF TINDER DO NOT WANT TO PAY FOR DATING ANY MORE

22 May

THE USERS OF TINDER DO NOT WANT TO PAY FOR DATING ANY MORE

In a recent interview, the head of the Tinder Internet dating service noted that the pandemic has dramatically changed the users’ behavior, pus...

21 May

THE AMERICAN CITY OF FAIRFIELD FILED FOR BANKRUPTCY

21 May

THE AMERICAN CITY OF FAIRFIELD FILED FOR BANKRUPTCY

On May 19, 2020, the small American city of Fairfield, located in the state of Alabama, filed for bankruptcy protection. The experts note that ...

20 May

AMERICAN AIRLINES AND UNITED AIRLINES ARE GOING BANKRUPT

20 May

AMERICAN AIRLINES AND UNITED AIRLINES ARE GOING BANKRUPT

Two largest airlines of the USA might be declared bankrupt in the nearest future according to the financial analysts. The air carriers are being pushe...

19 May

WHO WILL GET THE BENEFIT FROM THE BANKRUPTCY OF CIRQUE DU SOLEIL?

19 May

WHO WILL GET THE BENEFIT FROM THE BANKRUPTCY OF CIRQUE DU SOLEIL?

Until recently, Cirque du Soleil could confidently announce rides and performances – there were plans to launch the Disney show, and the regula...

18 May

“CALCIO CATANIA” FOOTBALL CLUB DECLARES BANKRUPTCY

18 May

“CALCIO CATANIA” FOOTBALL CLUB DECLARES BANKRUPTCY

Founded in 1908 in Sicily, Calcio Catania football club seems to be on the verge of real, but not fictitious bankruptcy. An application for recognit...

15 May

POST-COVID PARIS: THE RESTAURANTS ARE GOING BANKRUPT, THE TOURISTS ARE LEAVING

15 May

POST-COVID PARIS: THE RESTAURANTS ARE GOING BANKRUPT, THE TOURISTS ARE LEAVING

The capital of France is gradually recovering, softening social restrictions. After anti-epidemic measures, adopted by the state, the number of...

14 May

THE LARGEST OIL PRODUCER OF CALIFORNIA MIGHT GO BANKRUPT

14 May

THE LARGEST OIL PRODUCER OF CALIFORNIA MIGHT GO BANKRUPT

The experts have been talking about the high probability of bankruptcies of the gas and oil companies in the United States for a long time. But...

News

22 May

THE RESTRICTIONS ARE LIFTED IN MOSCOW: CARSHARINGS AND “MY DOCUMENTS” SERVICE RESUME WORK

The day before the Mayor of Moscow Sergei Sobyanin posted information on the lifting of a number of restrictive measures in the capital on his ...

21 May

THE MINISTRY OF ECONOMIC DEVELOPMENT REPORTED ON THE AMOUNTS OF SUPPORT TO BUSINESS

According to the report, published by the Ministry of Economic Development, the business has already received various kinds of support. The amo...

22 May

RUSSIAN AUTHORITIES WILL COLLECT INFORMATION ABOUT THE CITIZENS

The State Duma approved the draft law in the third reading, according to which, an electronic database of the citizens of our country will be c...

14 May

THE STATE DUMA OF RUSSIA ADOPTED A LAW ON THE REMOTE VOTING IN ELECTIONS

The day before the State Duma of the Russian Federation has adopted a draft law that allows citizens to vote remotely in referenda and the elec...

NEW CLAIMS

today

THE FORMER HEAD OF THE REPUBLIC OF CHUVASHIA FILED A LAWSUIT AGAINST VLADIMIR PUTIN

The day before, the Supreme Court filed a statement challenging the previously issued decree of the country's president, who removed the head o...

25 May

BELGIANS ARE SUING THE STATE BECAUSE OF THE QUARANTINE

Forty citizens of Belgium filed a lawsuit against the state and the Minister of Internal Affairs, Peter de Crema. The reason was the restrictiv...

21 May

THE MOSCOW CITY COURT MIGHT BLOCK YOUTUBE VIDEO SERVICE

Ontarget Company appealed to the Moscow City Court with a request to block YouTube video service on the territory of the Russian Federation. Th...

20 May

CENTRIC BRANDS INC ASK FOR PROTECTION FROM BANKRUPTCY

Centric Brands Inc. applied to the court of the United States with a request for the protection from bankruptcy under Chapter 11 of the America...

People

7 April 2020

Dmitry Lebedev: “The demand for houses and apartments out of town has grown fourfold”

What should Russians expect from the current crisis and will there be a sharp drop in apartment prices?

Sergey Borodin: "A moratorium on bankruptcy will provide a deferral of payment of the debts, but not a cancellation of them."

Recently, there have been more questions than answers in the area of bankruptcy – the crisis, threat of mass ruin, controversial draft laws. In order ...

25 March 2020

What is financial recovery and why it does not work in Russia?

Konstantin Zautrennikov, the leading lawyer of “Prospectasi” company, prepared a detailed material about the features of financial recovery for “Rusba...

20 March 2020

PROJECTS & Draft laws

INSURANCE AGAINST UNEMPLOYMENT MIGHT BE INTRODUCED IN RUSSIA

The Ministry of Labor may introduce an initiative to implement the insurance payments in case of a job loss. The only thing is that the support...

today

THE MINISTRY OF LABOR WILL LEGITIMIZE THE REMOTE WORK

The Minister of Labor Anton Kotyakov stated that the department is developing an initiative, in accordance with which the procedure for perform...

19 May

RUSSIA MAY IMPOSE A PUNISHMENT FOR ILLEGAL SALARIES

Anatoly Artamonov, the representative of the Federation Council, came up with an initiative to restore the economy. It sounds like this - to pr...

21 May

THE AMOUNT OF PENSIONS OF RUSSIANS MIGHT BE REDUCED

It became known that the Ministry of Labor is working on a draft law, in accordance with which the funded part of the pension of Russians might...

18 May

Lawyer jokes

BANKRUPTCY OF THE FIRST CHANNEL: IS THE FORMER TELEVISION LEADER ON THE VERGE OF A COLLAPSE?

26 December 2019

The“Pearl River”: How the operator of cheap tours was going bankrupt.

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yesterday

MONTENEGRO CLOSED THE BORDERS FOR THE TOURISTS FROM RUSSIA

Montenegro, like a number of other tourist countries, has begun to lift the restrictions, imposed due to the spread of COVID-19. Now the entrance to the country will be open for the tourists, but this does not apply to the tourists from Russia.

yesterday

AN INDEPENDENT ENTERPRISE OF GERARD DEPARDIEU MIGHT RECEIVE THE STATE SUPPORT

The famous French actor Gerard Depardieu, who received Russian citizenship and has been registered in Novosibirsk city since the end of 2018, as it turned out, was among those whose businesses suffered from the coronavirus pandemic. Being registered as an IE, the actor can apply for support from the Russian state.

25 May

The shopping centers are being massively sold on the Avito website

The period of the forced self-isolation is hard for the entire Russian business: from the airlines to the shoe repair stores. The organizations try to optimize the costs by reducing financial burdens or even selling the real estate.

22 May

BULGARIA OPENED THE BORDERS FOR THE COUNTRIES OF THE EUROPEAN UNION

It became known that on May 22, Bulgaria opened its borders for the citizens of the European Union and the Schengen zone.

22 May

BILLIONAIRE WARREN BUFFETT WAS CHEATED THROUGH THE PHOTOSHOP

Even eminent persons, as experience shows, remain ordinary people, which means that they can become the victims of conventional cheating. Warren Buffett needs no introduction. The well-known American financier and investor, whose fortune is estimated by experts at $ 67.5 billion, found himself in an awkward situation, having invested money in a bankrupt enterprise almost three years ago. How could it happen?

22 May

THE USERS OF TINDER DO NOT WANT TO PAY FOR DATING ANY MORE

In a recent interview, the head of the Tinder Internet dating service noted that the pandemic has dramatically changed the users’ behavior, pushing developers to make appropriate changes to the mobile applications.

21 May

THE PANDEMIC MIGHT CAUSE AN INCREASE IN HUMAN TRAFFICKING

Last Sunday, a Swiss diplomat, Thomas Greminger, in an interview with the Austrian media representatives said that OSCE countries should be ready for a significant increase in corruption schemes, associated with the coronavirus pandemic.

20 May

THE COURT OF SINGAPORE IMPOSED THE DEATH PENALTY BY MEANS OF THE ZOOM VIDEO CONFERENCE

In Singapore, a man was sentenced to death by means of the online video conference for the first time. The capital punishment was imposed to a 37-year-old citizen of Malaysia for drug smuggling.

18 May

PUERTO RICO MIGHT BECOME A NEW STATE OF THE US

The day before, the governor of Puerto Rico has appointed to conduct a referendum on the accession of the territory of the island, entrusted to him, to the United States.

18 May

RAIFFEISENBANK PREDICTS THE VALUE OF 80 RUBLES PER DOLLAR

The analysts of Raiffeisenbank predict the weakening of the Russian national currency once again. In their opinion, the summer of 2020 may turn out to be extremely unfavorable for the ruble. The representatives of bank consider the gradual restoration of imports and the relaxation of restrictions on businesses, introduced by the state due to the spread of COVID-19 infection as the main reason for it.

15 May

GERMANY, FRANCE, SPAIN: HOW THE EUROPEAN COUNTRIES OPEN THE BORDERS

As the European countries begin to mitigate or completely abolish the restrictive measures, caused by the COVID-19 pandemic, the question of opening borders and reviving tourism is becoming more acute. Many people seriously think about the possibilities of recovering the incurred losses.

14 May

SBERBANK IS PLANNING TO TEST THE CORONAVIRUS VACCINE ON ITS EMPLOYEES

Sberbank offered its employees to participate in the testing of the vaccine, notifying them by sending the e-mails. The text of the e-mails says that clinical trials of the first samples of vaccine will be carried out in June.

14 May

THE AIR CARRIERS WILL RECEIVE 23.4 BILLION RUBLES SUPPORT FROM THE GOVERNMENT OF THE RUSSIAN FEDERATION

As a part of the provision of support to the most affected sectors of the economy, the Government of the Russian Federation adopted a resolution, regulating the issue of financial support for airlines.

13 May

TURKISH AIRPORTS WILL CARRY OUT COMPULSORY TESTS FOR COVID-19

Turkish authorities are planning to maintain the strict rules even after the pandemic. It is already known that a medical certificate with up-to-date information on the state of health of the newcomer will be required to enter the country.

8 May

CORONAVIRUS BEGAN TO CHANGE THE WORK CULTURE IN JAPAN

The land of rising sun, stunning foreigners with its technological innovations, still remains committed to the traditional technologies in labor and business relations. However, the experts believe that the 2020 pandemic is able to change the culture of Japan. The experts believe that many Japanese companies can reconsider existing views on the business methods and choose more flexible digital technologies.

8 May

750 THOUSAND TONS OF FRENCH FRIES WILL BE WIPED OUT IN BELGIUM

The legend states that more than 300 years ago, a method of cooking French fries was invented in Belgium. Whether that is true or not, but in the middle of the 19th century, a businessman named Frite began to sell Belgian delicacy, involuntarily giving the dish his own name in a slightly modified form. Since then, the food preferences of the Belgians have not changed, and for the visitors of the local restaurants, ordering a national dish was a matter of honor.

6 May

TikTok increased the revenue by 423%

The spread of coronavirus suspends the activities of many companies and entire sectors of the economy around the world. But if for some of them, self-isolation and quarantine measures are akin to confinement, for the others it is a way to increase their popularity and monetize the business. This is precisely the situation that has developed around the TikTok mobile application, which is ready to conquer the new markets.

30 April

BILLION LITERS OF EUROPEAN WINE MIGHT BE WASTED

The wine business in Europe is going through hard times. According to the experts, a decrease in wine exports by 14% is expected and the domestic consumption is also falling rapidly. They suggest that this season (from August last to July this year) it will decrease by 108 million hectoliters.

29 April

HOW THE BELGIAN BREWERS SURVIVE IN THE TERMS OF PANDEMIC

The cancellation of the autumn “Oktoberfest” due to the coronavirus put the largest brewing companies of the UK and Europe in a difficult situation. The sales of beer fell catastrophically due to the quarantine and all kinds of social isolation measures.

21 April 2020

Why the fake information is dangerous for the society?

The fake news in media has always been a problem, but during the coronavirus pandemic, it has become more prevalent. An unreliable, unverified or shown only from one angle information can not only disorient, but also harm society, provoking the panic among the population.

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