THIS DAY IN HISTORY:
22 November 1970 The city of Naberezhnye Chelny was renamed Brezhnev. The first name was returned to the city in 1988.1970 The US President John F. Kennedy was killed.1970 Abortions were allowed in the USSR in case pregnancy threatened the mother's life.
DEBTORS WILL BE GIVEN THE OPPORTUNITY TO REQUEST THE RESUMPTION OF ENFORCEMENT PROCEEDINGS
DEBTORS WILL BE GIVEN THE OPPORTUNITY TO REQUEST THE RESUMPTION OF ENFORCEMENT PROCEEDINGS
The Government of the Russian Federation has approved a bill setting a deadline for the resumption of suspended enforcement proceedings – up to three years. The relevant draft was prepared by the Ministry of Justice pursuant to the decision of the Constitutional Court.
As explained in the explanatory note, the proposed changes will give the debtor the opportunity to apply for the resumption of suspended enforcement proceedings. In addition, the bill makes it possible to exclude abuse by the recoverer.
As the legislators noted, a number of grounds for suspending enforcement proceedings may be related to the actions of the recoverer.
"In this connection, the debtor is equally interested in the speedy resumption of enforcement proceedings and termination of its obligations to the recoverer," the explanatory note says.
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