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Bankruptcy institution reform postponed at least until autumn

Large-scale changes to the insolvency law have been temporarily postponed, at least until the expiration of the previously introduced moratorium on bankruptcies of companies and individuals. Such a joint decision was made by the State Duma and the Cabinet of Ministers. 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 ...

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