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Ministry of Economic Development is working on a law prohibiting the withdrawal of assets through bankruptcy

The Ministry of Economic Development has initiated new amendments to the Insolvency Law. This time we are talking about suppressing attempts to withdraw the assets through bankruptcy proceedings by unscrupulous debtors . At the moment, the bill has already ...

Supreme Court of Russia allowed the introduction of a flexible bankruptcy moratorium

... will ensure its application to persons who have actually suffered and are in need of state protection. The issue of the validity of these circumstances, the highest court proposed to refer to the arbitration courts, reports "Fedresurs" . The Federal Tax Service and a number of banks insist on the need to “freeze” the provision providing for the possibility of suspending collections in enforcement proceedings in respect of debts that arose before April 2022. The corresponding draft law was ...

Russian banks ask to change the rules of the bankruptcy moratorium

... interests of borrowers and depositors, as well as lead to the destabilization of the country's financial system. Earlier, the Federal Tax Service has already taken the initiative to abandon the idea of suspending the collection of enforcement proceedings ... ... which will lead to additional financial problems on the part of their counterparties. The relevant draft law was prepared by the Ministry of Economic Development, but has not yet been adopted. Another initiative was the idea of establishing the right of creditors ...

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