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Russia introduces bankruptcy moratorium

A ban on initiating bankruptcy cases by creditors will again start in Russia on April 1, 2022 and will last at least for six months. The measure may be applied to both organizations and individual entrepreneurs, including issues of insolvency of individuals. The head of the Cabinet of Ministers Mikhail Mishustin announced the introduced norm the day before. According to the official, the measure will allow debtors to recover from difficulties and find other sources of income without resorting to closing their businesses and laying off the ...

Modified: 04.01.2022
Government of the Russian Federation , Mikhail Mishustin , moratorium , bankruptcy , economics , Russia , business , moratorium on bankruptcy
Path: РусБанкрот - СМИ
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