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

... legislation providing for the introduction 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. The initiative provides for fines for individuals from 50 to 500 thousand rubles, from 100 thousand to 1 million rubles ...

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 ...

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