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Ministry of Economic Development is working on a law prohibiting the withdrawal of assets through bankruptcy

The Ministry of Economic Development has initiated new amendments to the Insolvency Law. This time we are talking about suppressing attempts to withdraw the assets through bankruptcy proceedings by unscrupulous debtors . At the moment, the bill has already been developed and sent for approval of the government. According to Mikhail Beshtoev, the Head of the Corporate Regulation Department of the Ministry of Economic Development, the document is aimed at improving the architecture of the insolvency institution itself. With its help, and in the presence of specific signs, it will be easier to identify false bankruptcies and counter them. The normative ...

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