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THE STATE DUMA ASKS TO FINALIZE AMENDMENTS TO ACCELERATE THE SALE OF ASSETS OF BANKRUPT BANKS

... will speed up the completion of bank bankruptcy through financial recovery by, for example, reorganizing or changing the controlling owner, etc. At the beginning of the year, a bill on improving the procedure for repayment of creditors' claims in bank bankruptcy cases by providing compensation was submitted by a group of deputies to the State Duma. As noted in the Committee on Property Issues, the bill will help to accelerate the completion of the sale of assets of bankrupt credit institutions and satisfy creditors' claims as much as possible. The Committee asked to specify in the bill ...

15 BILLION IN DEBT: EX-DEPUTY OF THE STATE DUMA OF WARSAW DECLARED BANKRUPT

A former deputy of the State Duma of the Russian Federation, who owned the Rostov Electrometallurgical Plant (REMZ) and was sentenced last year to seven years in prison, Vladimir Varshavsky became bankrupt. The amount of debt owed by the firms that the businessman personally managed exceeded 15 billion. Now Varshavsky's property will be sold at auction. Varshavsky owes his bankruptcy to the Trust Bank, which initiated the lawsuit in 2021. The ...

THE STATE DUMA HAS ADOPTED A LAW ON THE TAX ON CRYPTOCURRENCY

The State Duma adopted in the third reading a bill providing for the introduction of taxation of digital currency. Amendments are proposed to the Tax Code of the Russian Federation. The draft law provides that cryptocurrency will be recognized as property,...

THE LAW ON MEDIATION WAS DISCUSSED IN THE STATE DUMA

The LDPR faction held a round table in the State Duma on amendments to the Law on Mediation (193-FZ). The trade union community, together with the Ministry of Justice and representatives of the party, discussed, among other things, the creation of a unified register of mediators and a code of ...

AMENDMENTS WERE MADE TO THE STATE DUMA ON THE RETIRED MEMBERS OF THE BOARD OF DIRECTORS OF A JOINT-STOCK COMPANY OR LLC

The Government of the Russian Federation has proposed 7 conditions that may cause a member of the Board of Directors or supervisory board of an LLC or JSC to be recognized as retired. The relevant bill has been submitted to the State Duma. Among the circumstances proposed in the draft law are the following: bankruptcy; restriction or deprivation of legal capacity; disqualification; own solution; deprivation of the right to hold certain positions or engage in specific activities; death. Also, the reason for recognizing a member of the board of directors of ...

THE LITERACY TEST WAS PROPOSED TO BE MADE MANDATORY WHEN RECEIVING THE FIRST LOAN

... initiative is Alexander Demin, deputy head of the New People party. According to TASS, the corresponding proposal was sent by the State Duma deputy to the head of the Central Bank, Elvira Nabiullina. According to Demin, the literacy test should include information ... ... the actual amount of overpayments and the situation in the economy. In addition, it should contain data on the real risks of bankruptcy of a citizen. The deputy from the New People faction notes that the mandatory introduction of a financial literacy ...

A DRAFT LAW ON FREE LEGAL AID IN COURTS FOR PARTICIPANTS IN A SPECIAL MILITARY OPERATION WILL BE SUBMITTED TO THE DUMA

A bill providing for free legal assistance in courts for participants in a special military operation) will be submitted to the State Duma on November 1. We are talking about cases on termination of obligations to pay interest on loans and protection of inheritance rights. The author of the initiative, Deputy Speaker of the State Duma Boris Chernyshov, told TASS that the project ...

THE BUSINESS PROPOSED TO MITIGATE THE EFFECTS OF TAX CHANGES

... taxation system (USN) begin to calculate and pay VAT. The relevant initiative was included in the list of proposals to the draft law "On the Federal Budget for 2025 and for the planning period 2026 and 2027", which were sent to the State Duma. The business association also came up with the idea to preserve the rights of USN payers to VAT exemption when selling expensive fixed assets if the sale led to exceeding the threshold. We are talking about a business with a turnover of up ...

THEY WANT TO BAN THE ARREST OF SINGLE FATHERS

A bill banning the arrest of single fathers for administrative offenses has been submitted to the State Duma. The initiative will affect men who raise children up to 14 years old alone. As the authors of the initiative explain, the administrative arrest of a single father with a small child will leave the child "without parental supervision....

ORPHANS WANT TO BE FREED FROM PAYING OFF HOUSING FOR THEIR PARENTS' DEBTS

A draft strengthening the housing rights of underage orphans has been submitted to the State Duma. At the moment, the debts of the testators are transferred to the heirs along with the property. At the same time, persons who receive a share in the inheritance without fail accept it regardless of the will and the order. The bill submitted ...

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