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A BENEFICIARY MAY BE SENTENCED TO UP TO 7 YEARS IN PRISON FOR DELIBERATE BANKRUPTCY

The lower house of parliament adopted the draft law, which amends two articles of the Criminal Code of the Russian Federation in the third reading. We are talking about the provisions of Articles 195 and 196 and the strengthening of liability for deliberate bankruptcy and misconduct in insolvency. In the event of the final adoption of the law, the beneficiaries and managers of the debtor may be sentenced for up to 7 years in prison with a fine of up to 5 million rubles. Such an outcome is possible ...

Modified: 06.10.2021
State Duma , criminal liability , the person controlling the debtor , bankruptcy of the organization , bankruptcy , deliberate bankruptcy
Path: РусБанкрот - СМИ
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