Bankruptcy Law has gone through many changes over the past summer, but perhaps the hottest of them all was published on 29.5.2024 and applies to petitions filed after the date, regardless of the date of the procedure used in the bankruptcy case. We propose to familiarize ourselves with the most significant of them.

On July 13, 2022, the Government amended its Decree No. 497 of March 28, 2022 and clarified the list of persons who are not subject to the general moratorium imposed on April 1, 2022.

On June 28, 2022 The Supreme Court adopted Resolution No. 21 of the Plenum “On Certain Issues of Application by Courts of the Provisions of Chapter 22 of the Code of Administrative Procedure of the Russian Federation and Chapter 24 of the Arbitration Procedural Code of the Russian Federation”, which clarified the rules for challenging decisions and actions of public authorities.

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.

Federal Law No. 407-FZ dated December 8, 2020 made material amendments to the section of the Labor Code of the Russian Federation which regulates distance work. The necessity for such amendments became evident as soon as employers started to switch their staff to work from home in large numbers at the beginning of 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.

Deputies of the Moscow city Duma introduced a bill suggesting adding provisions for remote work to the Labour Code. The ground for making such amendments are the difficulties in formalising transfer of employees to remote work which the employers faced during the pandemic.