On July 28, 2012, Russian president Vladimir Putin gave his imprimatur to Federal Law No. 144-FZ, which amends Russian bankruptcy, financial, and banking legislation with the goal of improving regulations governing asset returns and interim management of insolvent banks.

Federal Law No. 241-FZ of July 1, 2021 has introduced a number of changes to criminal prosecution under Articles 195 ("Unlawful Actions in Bankruptcy") and 196 ("Deliberate Bankruptcy") of Russia's Criminal Code.

In a revolutionary judgment issued by the Federal Arbitradz Court of Northwest District of Russian Federation in the case NA 56-9512/2009, FINESTERRE RECOVERY FUND I LTD & OTHERS confirmed that Russian Courts have jurisdiction to issue interim relief.

Moscow District’s Commercial Court recently adopted an unprecedented decision, ruling that the debt of an insolvent bank must be repaid by both the bank’s former executive officers and its board members (after the repayment of debts out of the assets of the bank).

The Russian Federation continues to take measures aimed at reducing the negative impact of the coronavirus (COVID-19) outbreak on businesses. On 1 April 2020, Article 9.1...

In October 2016, the Chamber for Commercial Disputes at the Supreme Court of the Russian Federation considered the cassation appeal of Eurasian Trading Company LLC...

A non-use court action is routine for the IP court. Every year several hundred cases are considered and granted. Sometimes, however, a cancellation action stumbles at unexpected obstacles.

Despite the fact that most of the upcoming changes in 2020 are more related to small and medium-sized businesses, it is expected that representatives of large businesses will also change.

Since 2014, in cases where corporate conflict blocks a company's activities, Russian law has allowed company members to demand the company's judicial liquidation.

The submission of monetary claims by the affiliated creditors in a bankruptcy case is usually accompanied by serious and sometimes lengthy legal disputes regarding the validity and sequence

To the aid of creditors comes the institution of subsidiary liability, which serves as a means of protecting creditors.

The adoption of Federal Law No. 218-FZ on the Public Law Company for the Protection of Rights of Individuals Who are Shared Construction Participants in the Event of Insolvency (Bankruptcy) of Developers and on Amendments to Certain Legislative Acts of the Russian Federation of July 29, 2017 ("218-FZ") is the latest step in the major reform of legislation on shared construction.

On 21 April 2020, the Russian Supreme Court issued clarifications addressing various issues related to COVID-19 ("Clarifications").

We recently published a blog identifying issues which cryptocurrency pose in insolvencies; not least identifying and classifying it, how to take control

During the bankruptcy procedure in Russia, the payment of taxes is affected by the stage and type of bankruptcy, as well as the legal status of the debtor (legal entity or individual). The company pays income tax.

In the second and third readings, a draft law was adopted on amending Federal Law No. 127-FZ "On Insolvency (Bankruptcy)".

In early 2015, credit institutions gained the right to initiate the bankruptcy of their debtors according to a simplified procedure – i.e., without a court decision ordering the recovery of debt.

On April 28, 2009, the president of the Russian Federation signed into law amendments to the Russian Law on Insolvency (Bankruptcy) of October 26, 2002 (Federal Law No. 127-FZ) (the “Insolvency Law”) that should be considered by all creditors doing business with financially troubled Russian companies, directors and other controlling persons of Russian companies, and participants in the market for distressed Russian assets.

If your Russian contractor fails to settle its debt for quite a long period of time or does not make efforts to pay off its debt...

On June 25, 2021, global law firm Dentons, with support from Legal Academy, Legal Insight magazine and Interfax Group, held an online conference on the enforceability of arbitration clauses in bankruptcy.