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ARBITRATION OF THE MOSCOW DISTRICT OUTLINED THE BOUNDARIES OF THE MORATORIUM ON BANKRUPTCY

Igor Chernobai filed a complaint with the cassation instance. The courts demanded payment of a huge debt from him. At the same time, the plaintiff referred to a bankruptcy moratorium prohibiting foreclosures on property held as collateral. In case no. A40-140652/2021 of the VEB Group of Companies.The Russian Federation demanded that the court recover from Igor Chernobai his share in the amount of 0.1% of the authorized capital of the Kargalinskoye company. The fact is that it was she who became...

Supreme Court of Russia allowed the introduction of a flexible bankruptcy moratorium

The bankruptcy moratorium for individuals and legal entities, introduced by the Government of the Russian Federation in April of this year, gave rise to a wave of disputes and contradictions among the participants in civil circulation. In particular, the question concerns the suspension of recovery under executive documents for the period of validity of the norm. Previously, large Russian banks have already taken the initiative to provide the possibility of depriving debtors of the moratorium...

Bankruptcy moratorium for individuals will remain in force

The authorities did not support the initiative of the Central Bank to suspend the effects of the bankruptcy moratorium on individuals. Despite the banking lobby, the Cabinet of Ministers considered the idea unpopular. At the same time, the ministers made a decision to support the selective reforms of the current version of moratorium. As Interfax reported, citing its own sources, the regulator admitted the possibility that the ban on insolvency at the request of creditors for individuals, established...

Business bankruptcy: St. Petersburg ranks second in the country

From January to March 2022, courts in the northern capital declared 220 companies financially insolvent, which is 43 enterprises more than in the same period of 2021. The region ranked second in the country in terms of the number of bankruptcies in the business segment - the second one was Moscow, where 553 organizations went bankrupt. Such data is provided by the Fedresurs website . On the third line of the rating there is the Moscow region, where 214 enterprises were declared bankrupt in the...

Bankruptcy moratorium 2022: what you need to know

At the end of March, at a meeting of the Government of the Russian Federation, a decision to introduce a new moratorium on the initiation of insolvency proceedings in the country was announced. It applies to both legal entities and individuals, including those who have the status of individual entrepreneurs. Here are some features of the introduced measure and its consequences. In-force period The moratorium was introduced for the period from April 1 to October 1, 2022, which means that it will...

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