Credit institutions are part of the banking system of the country, representing one of the most important elements of any modern state of the economy, which has a huge, multifaceted impact on the functioning of society as a whole. The system of credit institutions not only provides the accumulation of available funds and their involvement… Читать далее Insolvency (Bankruptcy)

Insolvency law of Russia primarily contains Federal Legislation № 127-FZ «On Liquidation (Bankruptcy)» and Federal Legislation № 40-FZ «On Liquidation (Bankruptcy) of Credit Institutions». Federal Law № 127-FZ «On Liquidation (Bankruptcy)» dated 26 October 2002 (as revised) (the «Bankruptcy Act»), changing the prior regulation in 1998, to higher tackle the above mentioned issues along with… Читать далее Insolvency law of Russia

Imagine a scenario: the organization bought products, which ended up to become poor quality. The customer expected to solve conflicts in court. Within the amount of the test the organization ended its current account and has offered all his home. The problem arises: «is it feasible to recuperate the amounts paid for that products using… Читать далее Is it possible to recover the funds from the general director of the company after closing them?

Orphaned from the company is very difficult to eliminate. Legislator There are two methods may gain the company’s owners: even to contain the company through bankruptcy or to sell the organization. Obviously, you should use the plans for upgrading the Business’s nominees, but because of current changes in regulation this method is fraught stop the… Читать далее Deliberate bankruptcy

The bankruptcy procedure starts for the Court of Mediation with all the distribution of the appliance. The proper to be treated gets authorized body or the person and bankruptcy creditor. However, regarding the person in certain cases, distribution of an application recognizes its obligations. The consumer is presented an interval of one month in the… Читать далее Petition in bankruptcy

Bankruptcy regulation worries the overall financial curiosity about preventing the down of businesses that are still probably feasible, in addition to the handling of many possibly contradictory passions: those of the lenders of its investors an organization and its own clients. Presently, bankruptcy regulation isn’t harmonised at EU level. Nevertheless, the Bankruptcy Legislation sets along… Читать далее Cross-border insolvency law in the EU

Using the quantity of troubled companies in Europe rising, the bankruptcy regulations in the Region are becoming an extreme makeover. And also the design for Western lawmakers is Section 11 of the U.S. Bankruptcy Code. The large amount of troubled companies in Europe–100,000 businesses this past year closed-in Croatia alone–has uncovered openings in Western bankruptcy… Читать далее Europe Builds Own Chapter 11

Bankruptcy regulation is definitely a section of regulation with complicated and excessively complicated appropriate procedures, which demands guidance and the help of committed experts. The devoted Bankruptcy Exercise at «Consul is unique from lawyers that are different. Your expertise suggests that, for belongings to become retrieved, it’s insufficient for lenders to depend by bankruptcy trustees… Читать далее Bankruptcy under Russian law

How should the U.S. cope with Vladimir Putin’s attack of the Ukraine? We have to do to Spain what Ronald Reagan did the old Soviet Union, to its precursor. By stabilizing the U.S. dollar we should drive them into bankruptcy. A trusted belief of geopolitics is, “When the treasury is not full, the regimen falls.”… Читать далее It’s Time To Drive Russia Bankrupt — Again

Instead, the Court determined that Mr Kekhman’s bankruptcy order should stand because, even if though it appeared at first sight like self serving opportunistic «forum shopping» by Mr Kekhman, the Court should look at all the conditions of the case. The facts, briefly, were that Mr Kekhman, as well as being the general manager of… Читать далее Bankruptcy «tourism»: Russian banks fail to annul English bankruptcy of Russian businessman

Legal Regulations The primary sources of legal regulation concerning insolvency are the following: Part 1 of the Civil Code of the Russian Federation as of November 30, 1994 (hereinafter referred to as the «Civil Code of the RF»); the Federal Law No.127-FZ dated October 26, 2002 «On Insolvency (Bankruptcy)» (hereinafter referred to as the «Law… Читать далее Bankruptcy in Russia