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Vasilii V Vitrianski. "New Legislation on Insolvency (Bankruptcy)". William Simons (ed). Private and Civil Law in the Russian Federation. Martinus Nijhoff Publishers. Leiden and Boston. 2009. Chapter 10. Page 129 et seq. Wim A Timmermans. "Russian Bankruptcy Law in Practice and its Impact on the 1998 Bankruptcy Law". William Simons (ed).
(Reuters) - As foreign companies seek to exit Russia over the war in Ukraine, they face the prospect that Russian bankruptcy law could be used to seize assets and even lead to criminal penalties.
The Russian financial crisis (also called the ruble crisis or the Russian flu) began in Russia on 17 August 1998. It resulted in the Russian government and the Russian Central Bank devaluing the ruble and defaulting on its debt. The crisis had severe impacts on the economies of many neighboring countries.
Here is how that could work: HOW DOES RUSSIA'S BANKRUPTCY LAW DIFFER FROM BANKRUPTCY LAW IN THE UNITED STATES? In the United States, bankruptcy laws are meant to give indebted companies a fresh start.
Russia: 1918: Repudiation of Tsarist debts by Bolshevik revolutionaries. [17] 1998: After world commodity prices dropped on major Russian exports (particularly metals and oil) the 1998 Russian financial crisis ensued. Mounting debts led to the government declaring a moratorium on payments to international creditors. 2022: 2022 Russian debt ...
(Reuters) -As foreign companies seek to exit Russia over the war in Ukraine, they face the prospect that Russian bankruptcy law could be used to seize assets and even lead to criminal penalties.
The Russian anti-corruption campaign is an ongoing effort by the Russian government to curb corruption, which has been recognized as one of Russia's most serious problems. Central documents in the campaign include the National Anti-Corruption Plan , introduced by Medvedev in 2009, and the National Anti-Corruption Strategy , introduced in 2010.
The Judiciary of Russia interprets and applies the law of Russia. It is defined under the Constitution and law with a hierarchical structure with the Constitutional Court and Supreme Court at the apex.