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THE MINISTRY OF INTERNAL AFFAIRS IS AGAINST THE INTRODUCTION OF A SEPARATE PUNISHMENT FOR INFORMATION BUSINESSMEN

According to Andrei Ismakaev, adviser to the Department of the Ministry of Internal Affairs for the organization of combating the illegal use of information and communication technologies (ICT), it is premature to talk about establishing liability in the Criminal Code for information businessmen providing information and consulting services of questionable quality. The deputy chairman of the State Duma Committee on Education, Jan Lantarov, proposed to introduce such a separate punishment for information...

THE FEDERATION COUNCIL IS DISCUSSING THE RIGHT OF AN ARBITRATION MANAGER TO INTERVIEW BANKRUPT MANAGERS

... Region, proposed to give arbitration managers (AU) the opportunity to interview the heads of debtors or their deputies about the reasons for the insolvency of companies. Shevchenko announced the need to make appropriate amendments to the Bankruptcy Law during a round table on a relevant topic in the Federation Council. Ilya Shevchenko stressed that today there is an administrative responsibility for obstructing the actions of the Arbitration Manager. He added that if suddenly there is a refusal ...

THE STATE DUMA SUPPORTED THE PROJECT ON EXPANDING THE POWERS OF THE DIA TO CLEAN UP THE BALANCE SHEETS OF BANKRUPT BANKS

... debts to the Deposit Insurance Agency (DIA). As explained in the committee, the initiative will contribute to improving the effectiveness of measures taken by the agency to achieve the goals of bankruptcy proceedings. Recall that the relevant draft law was introduced in January. It is proposed to amend the laws on bankruptcy and deposit insurance. The bill also gives creditors the right to change their choice after unsuccessful bidding and resort to a concession. At the same time, the Deposit Insurance ...

THE SUPREME COURT CRITICIZED THE BILL ON THE ORDER OF MANDATORY PAYMENTS

The Supreme Court (SC) did not support the draft law proposed by the Government of the Russian Federation on establishing the order of payment of income tax on the sale of bankrupt property. The highest authority indicated a number of reasons that do not allow to support the bill: • The proposed decision ...

THE MINISTRY OF JUSTICE PROPOSED TO IMPOSE FINES OF UP TO 2 MILLION RUBLES FOR THE OBSESSION OF COLLECTORS

... of penalties of up to 2 million rubles for microfinance organizations (MFOs) and collectors for intrusive calls or messages to debtors. Currently, the activities of collectors, in particular their interaction with debtors, are strictly regulated by law, however, the law does not provide for any sanctions for violation by the recoverer of these rules of communication. The Ministry of Justice intends to introduce such responsibility in the Administrative Code of the Russian Federation, Izvestia reports....

FINANCIAL OMBUDSMEN WILL BE INVOLVED IN HELPING DEBTORS

The Public Council under the Financial Commissioner's Office is preparing a draft law on the participation of a financial ombudsman in the pre-trial settlement of disputes on loan debts between banks and citizens. This is not his authority at the moment. As explained by Financial Commissioner Viktor Klimov, on average, 1.8 loans per ...

THE STATE DUMA PROPOSED TO ALLOW LIQUIDATION NETTING IN BANKRUPTCY OF QUALIFIED INVESTORS

... permits the use of offsetting obligations between professionals in the securities market and insolvent qualified individual investors. The initiative was posted in the electronic database of the Parliament under No. 543525-8. It implies amendments to the Law "On the Securities Market" and the Law on Bankruptcy. Currently, as a general rule, it is prohibited to set off claims in bankruptcy cases, with the exception of a number of cases. Thus, liquidation netting, which allows you to pay for urgent ...

BANKS WILL INFORM YOU ABOUT THE END OF THE DEPOSIT PERIOD

The Central Bank (CB) recalled the entry into force of a law obliging banks to inform customers about the expiration of their deposits. As specified in the Central Bank, inform the depositor about the end of the term no later than five days in advance. Thanks to the innovation, the citizen will be able to ...

NOTARIES WILL MONITOR THE FLOW OF FUNDS

The State Duma will consider a bill that will impose on notaries the obligation to require banks to provide documents confirming the transfer of funds to the borrower. As follows from the explanatory note to the document, the measure is aimed at combating fictitious mediation agreements with the help of which, according to Rosfinmonitoring, about 3 billion rubles are cashed out per year. It is reported that notaries will be able to request relevant documents from banks within the framework of the...

THE CENTRAL BANK IS PREPARING CHANGES ON THE INCREASE IN FINES FOR BANKS FOR FRAUD

The Bank of Russia plans to increase fines to banks for defrauding customers to 0.1% of capital. This is reported by Izvestia, citing sources close to the Central Bank. According to the publication, the fines being developed by the Central Bank for unscrupulous banks will be comparable to penalties for violation of anti-money laundering legislation. Today, large institutions may face fines ranging from several hundred million rubles to about 6 billion rubles for violations of anti-laundering legislation...

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