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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,...

Russian banks ask to change the rules of the bankruptcy moratorium

Large Russian banks came up with the idea of amending the rules providing for the introduction of a bankruptcy moratorium in Russia. The government extended its action to both individuals and legal entities until October this ... ... interests of borrowers and depositors, as well as lead to the destabilization of the country's financial system. Earlier, the Federal Tax Service has already taken the initiative to abandon the idea of suspending the collection of enforcement proceedings for the duration of the moratorium. The ...

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