Legal Digest: Bankruptcy Disputes in Russia - 1 Quarter 2024

Review of the most notable bankruptcy disputes in Russia - 1 Quarter of 2024 (in Russian).
Review of the most notable bankruptcy disputes in Russia - 1 Quarter of 2024 (in Russian).
On 28 May 2024, the Constitutional Court adopted Resolution No. 26-P “On the Case on the Verification of the Constitutionality of Part 1 of Article 110 of the Arbitration Procedural Code of the Russian Federation in Connection with the Complaint of Citizen E. M. Tumanina”, in which it analyzed the possibility of reimbursement of legal fees associated with the consideration of an application for procedural succession.
On 23 May 2024 Russian President signed the Decree № 442 “On the Special Procedure for Compensation of Damage Caused to the Russian Federation and the Central Bank of the Russian Federation in Connection with Unfriendly Actions of the United States of America” (hereinafter – the “Decree”).
The Decree introduces a special procedure for compensation of damages caused to Russian Federation or Central Bank of Russian Federation (hereinafter – “Russian rightholders”) due to unfriendly actions of the US.
On 22 April 2024 the President of the Russian Federation signed Federal Law No. 83-FZ dated 22 April 2024 «On Amendments to the Federal Law “On Advocacy and Advocacy in the Russian Federation”» (hereinafter - Federal Law No. 83).
The main change was the creation of the Unified State Register of Advocates (hereinafter - the “Register”) – a federal information resource containing information on all advocates of the Russian Federation, as well as on applicants who failed the qualification examination. Federal Law No. 83 authorizes the Ministry of Justice of the Russian Federation to maintain the Register and determine the procedure and composition of the information to be included in the Register.
Review of the most notable bankruptcy disputes in Russia - 4 Quarter of 2023 (in Russian).
On 5 January 2024 Federal Law № 667-FZ dated 25.12.2023 “On Amendments to the Arbitrazh Procedural Code of the Russian Federation” (the “Law”) came into force, which introduced significant changes to certain procedural institutions, in particular, increased the time limits for procedural actions, expanded opportunities for consideration of cases in order proceedings and simplified proceedings, etc.
The draft Law № 540256-8 “On Amendments to the Federal Law "On Digital Financial Assets, Digital Currency and on Amendments to Certain Legislative Acts of the Russian Federation"” (hereinafter “Draft Law”) has been submitted to the State Duma.
The Draft Law introduces spot changes to the Digital Financial Assets Law1 in terms of the definition of the term “secured stablecoins” and the procedure for the use of secured stablecoins in foreign trade contracts.
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