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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 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 ...

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

... deputies drew attention to the fact that the current rule of law is in conflict with the provision of the law ‘On Insolvency (Bankruptcy)’. The end of the recovery must take place immediately after the debtor has received the status of bankrupt (Article 126). It would seem that robotization should have affected the work of bailiffs. We should recall that at the end of 2021, Vladimir Putin signed the law on digital enforcement proceedings. It, in particular, contains rules on a three-day period for initiation and assumes the termination of ...

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