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Legal Updates on All Latest Amendments to the Bankruptcy Legislation of the Russian Federation

(1 of January 2009 - present)


15 September 2009

Clarifications of the Supreme Arbitration (Commercial) Court of the Russian Federation on Bankruptcy Law

 

The Update is dedicated to the latest clarifications of the Supreme Arbitration (Commercial) Court of the Russian Federation regarding application of Federal Law No. 127-FZ «On Insolvency (Bankruptcy)», dated 26 October 2002.

On 23 July 2009 the Plenum of the Supreme Commercial Court of Russian Federation adopted Resolution No. 58 "On Certain Issues Related to Satisfaction of the Pledgeholder's Claims in Case of the Pledgor's Bankruptcy", Resolution No. 59 "On Certain Issues Related Application of the Enforcement Law Where the Debtor Undergoes Bankruptcy Procedures", Resolution No. 60 "On Certain Issues Related Application of Amendments to the Bankruptcy Law introduced by Federal Law No. 296-FZ, dated 30 December 2008", Resolution No. 63 " On Current Claims under Monetary Obligations in a Bankruptcy Case ". The Resolutions are mandatory for lower commercial courts when handling similar legal matter.

 

Read more > (Russian)


30 July 2009

Latest Amendments to the Bankruptcy Law

 

Federal Law No. 195-FZ of July 19, 2009 "On the Amendments to Individual Legislative Acts of the Russian Federation” introduced important changes to the Bankruptcy Law. The amendments putted by the Federal Law No. 195-FZ have specified features of legal position of creditors, demands of which are secured by pledge of debtor's property, the size of remuneration of insolvency officer in a case about bankruptcy, the size of payment of services of persons attracted by external administator or competitive administrator for carrying our his activity.

The law entered into force on 22 July 2009.

Read more > (Russian)


05 May 2009

Amendments to the Bankruptcy Law

 

Federal Law No. 73-FZ of April 28, 2009 "On the Amendments to Individual Legislative Acts of the Russian Federation” introduced important changes to the Bankruptcy Law. The Federal Law is aimed at protection of interests of creditors in the cases of bankruptcy of organisations.

Read more > (Russian)


09 March 2009

Amendment to the Bankruptcy Law / March 2009

 

Federal Law No. 296-FZ "On Amendments to the Federal Law "On Insolvency (Bankruptcy) ” and Certain Other Legislative Acts of the Russian Federation” dated 30 December 2008 introduced significant changes to the Bankruptcy Law.

Read more > (Russian)


 

Practice Areas | Corporate | Insolvency and Restructuring

Corporate services of Law Synergy span a wide range of issues, including:

INSOLVENCY PROCEDURES

- representing interests of creditors during insolvency procedures;

- protecting debtor's interests during insolvency procedures;

- consulting insolvency officers on bankruptcy matters, complex legal support of insolvency procedures.

DEBT RESTRUCTURING

- we assist companies in financial difficulty and their investors or creditors in out-of-court restructuring of debt and equity interests;

- reviewing and analyzing the debt and capital structure of the troubled company, assisting in negotiation and implementation of realistic debt restructuring plan;

- representation of Clients in negotiations with parties, including the debtor's competing creditors, equity holders, guarantors etc.

RESTRUCTURING AND INSOLVENCY LITIGATION

- we represent and advise on all issues relating to restructuring and insolvency litigation;

– we represent creditors in adversary proceedings and other insolvency litigation as well as debtors, creditors and financial institutions in liquidations and organizations.

View more information about Corporate expertise

 

 

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Recent Legal Updates

Russian

[31.07.2011] New Law on Procurement of Goods, Works and Services by Certain Categories of Legal Entitites (Federal Law No. 223-FZ)

[30.07.2011] Resolution of High Arbitration Court of Russia No. 54 On Immovable Property to be Built or Acquired in Future

[15.06.2011] Latest Amendments to the Federal Law On State Registration of Rights to Immovable Property and Transactions Involving Such Property (Federal Law No. 129-FZ)

[13.06.2011] New Federal Law Concerning the Licensing of Certain Types of Activity (Federal Law No. 99-FZ)

12.04.2010] Public Acess to Court Decisions in Russia (Federal Law No. 262-FZ)

[01.04.2010] Changes to Federal Law "On Personal Data" (Federal Law No. 363-FZ)

[16.02.2010] New Russian Law on Trade (Federal Law No. 381-FZ)

[27.01.2010] The Rates of State Duties for Legally Significant Actions Are Increased (Federal Law No. 374-FZ)

[25.01.2010] Significant Changes to Russian Corporate Law (Federal Law No. 352-FZ)

[22.01.2010] The Amendments Concerning to State Cadastre of Real estate and Registration of the Rights on Immovable Property (Federal Law No. 334-FZ)

[11.01.2010] Update On the List of Works Which Influence Upon the Safety of Capital Construction Facilities (Federal Law No. 352-FZ)

[22.12.2009] Reversal of Deadline For an Obligatory Re-registration of Charters of Limited Liability Companies (Federal Law No. 310-FZ)

[15.12.2009] New Russian Anti-Insider Trading and Market Manipulation Legislation (Federal Law No. 241-FZ)

[03.12.2009] Priority Registration of Domain Names in Cyrillic Domain .РФ (.RF)

[15.09.2009] Clarifications of the Supreme Arbitration Court of the Russian Federation on the Bankruptcy Law

[09.09.2009] Government of the Russian Federation Clarifies Instances Where Agreements Between Economic Entities Are Permissible (Resolution No. 583)

[03.09.2009] Important Changes in the Corporate Legislation (Federal Law No. 205-FZ)

[28.07.2009] Important Changes in the Antimonopoly Legislation (Federal Law No. 164-FZ)

[15.06.2009] Amendments to Federal Laws Governing Joint-Stock Companies and Securities Market

[05.05.2009] Amendment to the Bankruptcy Law (Federal Law No.73-FZ)

[09.03.2009] Changes in the Limited Liability Companies Legislation (Federal Law No.312-FZ)

[09.03.2009] Changes in Restructuring of Legal Entities Legislation (Federal Law No. 315-FZ)  

[09.03.2009] Amendments to the Protection of Legal Entities Rights During State Control Actions Legislation (Federal Law No. 294-FZ)

More Legal Updates

Publications & Articles

[22.03.2010] Protecting The Rights of Secured Creditor Upon Bankruptcy | Article | Magazine "Commercial Real Estate"

[04.03.2010] Control of Insider Trading Activities and Manipulation of Market | Article | Magazine "Securities Market"

[11.01.2010] General Contractor: From Regulation to Self Regulation | Article | Magazine "Corporate Lawyer"

[12.12.2009] International Law Firms Tend to Dominate the Russian Legal Market | Article | Magazine "Legal Business"

[24.11.2009] When a Residential Developer Goes Bankrupt It Can Mean Trouble for Participants in Shared Construction | Article | Magazine "Finans." 

[03.11.2009] Point of View: Good Faith is not the Panacea for Buyers of Land and Country Estate | Article | Vedomosti

[05.10.2009] Anti-crisis Debt Restructuring of Russian Companies | Article | Slon.RU

[29.07.2009] Amount of the Bankruptcy Cases Will Raise Up to 40 percents | Interview | "Sobstvennik"

[16.07.2009] Tax Authorities vs. Miel | RBC-Daily

[14.07.2009] Creditor Rights Protection | Article | magazine "Finans."

[09.07.2009] Law Synergy Comments London High Court Action by VTB bank vs. Chalva Tchigirinski | Reuters, BFM.Ru, Gazeta.Ru, Pravo.Ru

[06.07.2009] Participants in Shared  Construction vs. Developers (article) | Vedomosti

More Publications & Articles

Latest News

[20.01.2010] Managing Partner of Law Synergy will be presenting at a major conference, Insolvency and Bankruptcy in Russia, organised by C5 (29 January2010)

[06.05.2009] Managing Partner of Law Synergy participated in Workshop on Distressed Debt Russia and CIS organized by C5

[05.05.2009] Who’s Who. Leading Lawyers of Russia