Russia Adopts Bankruptcy Moratorium Provisions

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On April 1, 2020 Russian President Vladimir Putin signed Federal Law No. 98-FZ, introducing a number of key relief measures to address the impact of the COVID-19 pandemic in Russia.

The present Alert outlines amendments made by 98-FZ to RF Law No. 127-FZ On Insolvency (Bankruptcy) of October 26, 2002 (the Law), and in particular the introduction of new Article 9.1 to the Law (entitled “On Moratorium on the Initiation of Bankruptcy Cases”).

Please see full Alert below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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