|“Restructuring and insolvency in Russian Federation: overview”
Alim Oshnokov, Partner
Igor Akimov, Partner
Thomson Reuters Practical Law
Thomson Reuters Practical Law has published an article by Alim Oshnokov and Igor Akimov, lawyers of the Law Bureau "EDAS". The article is devoted to description of the legal regulation of the bankruptcy/insolvency in the Russian Federation.
The authors analyze the basic issues of bankruptcy regulation, such as: forms of security, creditors and contributories rank on a debtor's insolvency, mechanism to recover debts, description of insolvency procedures (supervision (nablyudeniye), financial rehabilitation (finansovoe ozdorovleniye), external administration (vneshneye upravleniye)), liability of the debtor, challenging transactions, carrying on business during insolvency, and recent regulation amendments.
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