Moratorium possibility by the Government of the Russian Federation on the initiation of bankruptcy proceeding in case of natural and man-made emergencies 22.03.2020 02:32
The Ministry of Economic Development has prepared a bill on a moratorium on the initiation of bankruptcy cases. The document is published on the portal of draft normative and legal acts.
FEDERAL ACT Amending the Federal Act
2. Applications filed during the moratorium by creditors to declare the debtor bankrupt are subject to return by the arbitral tribunal. If, at the date of the moratorium, the arbitral tribunal did not introduce the prior bankruptcy procedure in the bankruptcy case, the arbitral tribunal shall suspend the bankruptcy proceedings for the duration of the moratorium within three working days from the date of the moratorium. Such suspension shall be decided by the arbitral tribunal without a court hearing.
Full Act on Government site портале.