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THE STATE DUMA PROPOSED TO ALLOW LIQUIDATION NETTING IN BANKRUPTCY OF QUALIFIED INVESTORS

The draft, submitted to the State Duma the day before, permits the use of offsetting obligations between professionals in the securities market and insolvent qualified individual investors. The initiative was posted in the electronic database of the Parliament under No. 543525-8. It implies amendments to the Law "On the Securities Market" and the Law on Bankruptcy. Currently, as a general rule, it is prohibited to set off claims in bankruptcy cases, with the exception of a number of cases. Thus, liquidation netting, which allows you to pay for urgent transactions and repo transactions, is acceptable ...

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