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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 ...

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

The bankruptcy moratorium for individuals and legal entities, introduced by the Government of the Russian Federation in April of this ... ... 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 even developed by the ...

The Court of Appeal indicated when enforcement proceedings cannot be terminated

The bankruptcy trustee initiated a case to terminate the enforcement proceedings. The case was initiated on the basis of the court order which was issued earlier and was based on the losses that the bankruptcy trustee had caused to the debtor company. However, neither the court of first instance nor the court ...

Three-day time limit may be approved for termination of enforcement proceedings in Russia

... electronic application. Technological conditions for the implementation of a ‘digital transformation’ have not yet been created in a number of regions. The legal development proposed in the draft law will also be applied to situations not related to bankruptcy. In particular, we are talking about cases of actual performance of a debt by one of the joint and debtors, and cases related to the cancellation of judicial acts that became the basis for the commencement of enforcement proceedings and a number of others.

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