“Restructuring and insolvency in Russian Federation: overview”
Thomson Reuters Practical Law has published an article by Alim Oshnokov and Igor Akimov. 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 contributor ranking, mechanism to recover debts, state support, description of insolvency procedures (supervision (nablyudeniye), financial rehabilitation (finansovoe ozdorovleniye), external administration (vneshneye upravleniye)), stakeholder’s roles, liability of the debtor, challenging transactions, carrying on business during insolvency, additional finance, multinational cases, and recent regulation amendments.
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