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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 against the backdrop of the moratorium, as well as the results of the economic and financial stability of companies. It will be possible ...

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