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IMPORTANT CHANGES IN THE BANKRUPTCY LAW

... be possible to do this in court, but without a direct hearing. Also, the former or current spouse of a Russian citizen, against whom an insolvency case has been initiated, receives the status of a participant in the bankruptcy case. Amendments to the Bankruptcy Law came into force on May 29 of this year.

Bankruptcy law to be changed in Belarus

Speaking to the representatives of the National Assembly of Belarus on April 27, 2022, the head of the Ministry of Economy presented a new draft law “On the settlement of insolvency”. According to Alexander Chervyakov, if the law is adopted, the state will be able to prevent the bankruptcy of companies and conduct their pre-trial rehabilitation more quickly. What is more, the draft regulatory legal act sets out provisions on the procedure for conducting court cases related to bankruptcy. As Chervyakov...

CHANGES THAT SHOULD BE SUBMITTED TO THE BANKRUPTCY LAW WERE OUTLINED BY THE MAIN LEGAL DEPARTMENT OF RUSSIA

... on the bill, which is supposed to amend the legislation on bankruptcy. The result was a conclusion about the importance of further work on the document, as well as the need to send it for conclusion to the Bank of Russia. The idea of reforming the bankruptcy law has been ripening for a long time, and now it is being implemented due to the developed bill. The document has undergone many disputes, and the Main Legal Department under the President of Russia expressed its disagreement with a number ...

WHAT CHANGES WILL TAKE PLACE WITH THE INTRODUCTION OF A NEW BANKRUPTCY LAW?

Konstantin Zautrennikov, the leading lawyer of Prospectacy company, spoke about the dramatic changes that the new bankruptcy law is going to bring. How will this affect the current situation and does the document coincide with the position of the Supreme Court? A bill No. 1172553, which envisages the introduction of the large-scale and radical changes to the Federal ...

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