Practices
Industries

From April 1, 2022, Russia Introduces a Moratorium on Initiating Bankruptcy Proceedings Under the Claims of Creditors

04 April 2022

A Decree of the Government of the Russian Federation introduced a moratorium on initiating of bankruptcy cases at the request of creditors for the second time. The previous moratorium was imposed to support the most affected by the coronavirus economy sectors and lasted for 9 months. The current moratorium has been introduced for half a year, but the possibility of its extension cannot be excluded.

Lidings Advocates Reverse Wrongful Judgments in Supreme Court, Protecting Independent Creditors

09 April 2021

During a lengthy five-year bankruptcy of the pharmaceutical distributor Grama LLC, the bankruptcy manager challenged transactions with suppliers - large international pharmaceutical companies. Worst-hit was AstraZeneca Pharmaceuticals obliged to return the bankrupt distributor 266 million rubles. Lidings represents the company since 2019.