05.07.2015Interview with the head of department on work with troubled assets of Sberbank Maxim Degtyaryov about the law on bankruptcy of physical persons
- When taking the law on bankruptcy of physical persons (in December 2014), it turned out that the preparation of all participants was released just six months. Clearly, this is very little. But until recently there was no certainty in what the courts will consider the case of bankruptcy. Now it is precisely defined - the bankruptcy case citizens will be considered by arbitration courts. And of course, they need to prepare for it. A Savings Bank - yes, time to prepare - we have an understanding of our debtors who fall under the law, to whom we will make demands on bankruptcy. Already even prepared clear instructions for employees to work-as in these procedures.
29.06.2015June 29, the President Putin signed a law that moved the entry into force of the rules of the bankruptcy of citizens on October 1, 2015. The arbitration courts need time to prepare for the additional load on judges.
The document, signed by Vladimir Putin, the entry into force of the law on bankruptcy of physical persons moved from July 1 to October 1, 2015.
To crooks under the guise failed to declare themselves bankrupt, too, will participate in the procedure for the bankruptcy trustee and the bankruptcy accept arbitration. The courts need time to prepare for the additional load on judges. Actually so the beginning of the law postponed for 3 months.
03.03.2015Russian Government considers amending bankruptcy law
The Russian government is discussing the possibility of adding an analogue of Chapter 11 from the United States Code (bankruptcy) to the Russian Legislation, Vedomosti newspaper writes on Tuesday 03.03.2015, citing Deputy Finance Minister Alexei Moiseev.
29.01.2015Amendments to the Russian Federal Law On Bankruptcy
On 22 December 2014 and on 29 December 2014 the President signed Federal Laws No. 432-FZ “On Amending Certain Legislative Acts of the Russian Federation.” and No. 482-FZ “On Amending the Federal Law On Insolvency (Bankruptcy) and Administrative Offences Code”,
The Laws seriously amend and improve the Federal Law “On Insolvency (Bankruptcy)” (the “Bankruptcy Law”), significantly change the rules OF conducting bankruptcy proceedings. To a greater extent these amendments aim at combating abusive practices and misbehavior of a debtor and by this means the Bankruptcy Law becomes more creditor-oriented.
29.12.2014Putin signs personal bankruptcy bill into law
President Vladimir Putin on Monday signed a bill on personal bankruptcy, under which an individual can be declared bankrupt upon a creditor’s request if the total amount of debt exceeds 500,000 rubles (about $9,600), into law. The document has been posted on the government’s legal information website.
05.04.2014Russia Binbank to take over Ukrainian unit
MOSCOW: Russian lender Binbank said yesterday it could buy the Moscow subsidiary of Ukraine’s Privatbank in two weeks from its Ukrainian owners who say they were under political pressure to sell.
Russia’s central bank put Moskomprivatbank under temporary administration last month to prevent its bankruptcy, but some analysts said it was aimed at punishing Ukraine’s new rulers for pursuing closer ties to the West. Moscow denies the charge.
25.02.2014Russian government approves bill on citizenship for foreign investors
The Russian government's legislative commission has approved a bill on granting citizenship to foreigners who invest more than 10 million rubles (over $281,601) in Russia, or who have a Russian diploma and have worked here for at least three years, according to the government's official website.
05.02.2014Troubled Russian TagAZ motor plant declared bankrupt
The Rostov Region Commercial Court on Wednesday declared the Taganrog Automobile Factory (TagAZ) bankrupt, and opened five-month supervisory proceedings.
31.01.2014Russia continues private banking sector purge
Russia’s Central Bank on Friday declared it has revoked the licenses of My Bank, owned by former Federation Council Member Gleb Fetisov until December 2013, and Priroda Commercial Bank, in a ongoing purge of private banking sector hat started in 2013 with the sacking of Master-bank.
30.01.2014Russian parliament approves Supreme Court merger
The Federation Council, Russia’s upper house of parliament, approved during a session on Wednesday presidential bills aiming to reform the judiciary by merging the Supreme Court with the Supreme Commercial Court.
The presidential bills aimed at implementing amendments to Russia’s constitution that had previously been approved by the State Duma, Russia’s lower house of parliament.
The Supreme Court will be granted power to supervise and resolve economic disputes that currently fall within the jurisdiction of the Supreme Commercial Court.
26.01.2014Offshore companies should be banned from privatization proceedings
The Russian Investigative Committee has proposed prohibiting offshore companies and their subsidiaries from participating in privatization proceedings, Senior inspector Georgy Smirnov told reporters on Friday.