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State Duma of Russia will consider the bill on increasing payments in case of bankruptcy

... contractors, employees and the state and, as a result, lead to a wave of bankruptcies. Under these conditions, many Russians may lose their earnings, and therefore it is especially important to provide them with additional support. The introduction of the bill in the lower house of parliament is scheduled for this week.

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 ...

Bankruptcy institution reform postponed at least until autumn

.... Initially, as early as this spring, the lower house of parliament was about to consider a draft law regulating corporate bankruptcy. However, later the authorities made a decision to first take stock of the situation that has developed against the ... ... Gavrilov, the Chairman of the State Duma Committee on Property, Land and Property Relations, the planned reconsideration of the bill will have to include the issues of financial recovery of companies, as well as protection of employees' rights. The official ...

Belarus abandoned the idea of introduction the institution of bankruptcy of individuals

The institution of bankruptcy of individuals, which has become widespread in Russia and a number of Eastern European countries, will not yet be introduced on the territory of Belarus. This is due both to the high rate of repayment of loans, and, in general, to the low ...

THEY WANT TO HELP RUSSIAN BUSINESSES RECOVER ASSETS FROM ABROAD

A bill has been submitted to the State Duma aimed at protecting the interests of Russian entrepreneurs and simplifying the process of transferring assets from foreign jurisdictions to Russian ones. The corresponding project was developed by Yaroslav Nilov,...

PART OF THE MONEY FROM THE SALE OF THE ONLY MORTGAGE HOUSING WILL BE LEFT TO THE BANKRUPT. BUT THIS IS NOT ACCURATE

... left after that, they can be excluded from the tender. First Deputy Head of the Ministry of Economy Ilya Torosov noted that the bill provides debtors with "an additional guarantee of protection of their constitutional right to housing, granting executive ... ...." It will be possible to use these funds to buy or rent new housing. At the same time, the amount that is excluded from the bankruptcy estate may be reduced in court at the request of the persons involved in the case to the amount that would meet the ...

THE MINISTRY OF FINANCE HAS AMENDED THE PROGRESSIVE PERSONAL INCOME TAX SCALE

The Ministry of Finance has submitted draft amendments to the second reading of the draft law on the progressive scale of personal income tax. As Finance Minister Anton Siluanov noted, the changes will reflect, among other things, the proposals of entrepreneurs and parliamentarians voiced during public discussions of the novel. According to Forbes, the government proposed to align the tax conditions for transactions with digital financial assets (CFA) and securities transactions. It is assumed that...

THE TAX RATE IS PROPOSED TO BE TIED TO THE AMOUNT OF INCOME

Russia intends to introduce a progressive scale of taxation on personal income. This was reported in the telegram channel by one of the authors of the bill - a deputy from the LDPR faction Yaroslav Nilov. A bill has been submitted to the State Duma, according to which it is proposed to distribute the tax rate from 0% to 35% depending on the income of citizens: • up to 360,000 rubles – 0%; • from ...

SANITIZED BANKS AND NPFS MAY BECOME LESS RESPONSIBLE FOR THE DEBTS OF "DAUGHTERS"

... assets of the financial institution at the end of the quarter in which the decision on rehabilitation was made. Prior to that, the document implied that representatives of bankrupt companies could challenge creditors' claims in court. In addition, the bill introduced a norm according to which the requirements of the rehabilitated banks to debtors will not be lowered in the queue for repayment if the relevant grounds arose before the procedure. These include cases when the bank provided compensatory ...

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