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Russia introduces bankruptcy moratorium

... without resorting to closing their businesses and laying off the employees, RBC reports . The Prime Minister expressed hope that this would help businesses and citizens to improve the state of affairs in the situation of imposing sanctions against Russia. The only sector that turned out to be outside the moratorium is the sector of construction of apartment buildings and other real estate as part of equity participation. Such developers-debtors do not fall under the introduced norm and during the moratorium period they may find themselves in insolvency ...

Bankruptcy moratorium 2022: what you need to know

At the end of March, at a meeting of the Government of the Russian Federation, a decision to introduce a new moratorium on the initiation of insolvency proceedings in the country was announced. It applies to both legal entities and individuals, including those who have the status of individual entrepreneurs. Here are some features of the introduced measure ...

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