“Bankruptcy moratorium: debtors’ expectations vs reality”
One of the most notable novelties of Russian legislation connected with attempts to neutralize the negative economic consequences of the new coronavirus infection COVID-19 spread was Article 9.1 of the Federal Law of October 26, 2002 No. 127-FZ «On Insolvency (Bankruptcy)», establishing a new legal institution — bankruptcy cases initiation moratorium (hereinafter — the moratorium). Considering that the moratorium rule appeared on a reactively developing economic crisis, its active application in judicial practice followed immediately after the relevant amendments entered into force, which made it especially interesting to analyze the practice of applying the moratorium rules as an anti-crisis measure.
For more details, read the article by Alexandra Ulezko, Head of Kachkin & Partners Bankruptcy Group, and Andrey Filonovich, Corporate & Dispute Resolution Paralegal at Kachkin & Partners.
The material was published in the journal «Property Relations in the Russian Federation» No. 7 (226) of 2020.
- Legal support for the business pursuits of the largest enterprise in the CIS engaged in the research, development and production of industrial- and scientific-purpose X-ray equipment on the issue of agreement performance in connection with the counterpart
- Representing the interests of a major importer of fish and seafood in a dispute with a bankrupt company seeking to have a deal declared void
- Protecting the interests of an architectural-design bureau during its contractor’s bankruptcy process
- Legal support for a client during a debtor’s bankruptcy procedure and the recovery of accumulated debt
- Holding a bankrupt company’s general director to subsidiary liability for more than 12 mln rubles