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THE STATE DUMA PROPOSED TO ALLOW LIQUIDATION NETTING IN BANKRUPTCY OF QUALIFIED INVESTORS

... Bankruptcy. Currently, as a general rule, it is prohibited to set off claims in bankruptcy cases, with the exception of a number of cases. Thus, liquidation netting, which allows you to pay for urgent transactions and repo transactions, is acceptable in bankruptcy cases of financial organizations between companies. The amendments will allow the use of netting, including to terminate obligations between a qualified individual investor. The initiative allows for the application of liquidation netting of obligations if an individual is a beneficiary under an agreement between two professional participants in the securities market. The authors of the bill talk about the need ...

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