Practices
Industries

First introduction of cramdown in Russian Bankruptcy

25 June 2020

In addition to recent measures supporting the economy and preventing spread of COVID-19 a new law No. 166-FZ dated 8 June, 2020 «On amendments to certain legislative acts of the Russian Federation with a view to taking urgent measures aimed at ensuring sustainable economic development and preventing the consequences of the spread of a novel coronavirus infection» was adopted (hereinafter referred to as Law no. 166). Law No. 166 amended regulations provided by the Bankruptcy law with several novels.

Russia’s Supreme Court provides second set of recommendations on case handling in the light of COVID-19

08 May 2020

On April 30, 2020, The Presidium of the Supreme Court of the Russian Federation (hereinafter referred to as “the SC”) adopted the Review on certain matters of judicial practice related to the application of legislation and measures to combat the spread of the novel coronavirus infection (COVID-19) No. 2 (hereinafter “Review”). The release of the second review was known in advance: it was reported on the official website of the SC, and after the release of the first review many unresolved issues remained.

The Ministry of Labour of the Russian Federation made an explanation for remote work on the period since March 30th till April 30th

15 April 2020

The period from March 30th till April 30th were declared as non-working days with preservation of salary payments under President’s decrees No. 206 of 25 March 2020 “On declaration of non-working days in the Russian Federation” and No. 239 of 2 April 2020 “On measures for people’s sanitary-epidemiological welfare in condition of new coronavirus infection (COVID-19) spread”. Since primary intention of decrees is to reduce personal contacts during communication of disease, employers subsequently raised up questions about remote work and compensations during this period.

The Supreme Court has explained the procedure of application of international private law rules

17 August 2018

On 30 July 2018, the Federal Constitutional Law № 1 FKZ “On amending the Federal Constitutional law „On the Judicial System of the Russian Federation“ and certain Federal Constitutional Laws in regard to creating general jurisdiction courts of cassation and general jurisdiction appellate courts” dated 29 July 2018 was published.