In order to ensure economy’s stability in tough circumstances the Government has the right to impose moratorium on bankruptcy. This measure can only be applied in exceptional cases and it does not allow to initiate bankruptcy case. Therefore, if creditor applies to the court during moratorium with aim to declare his/her debtor insolvent, the court will not accept such claim.
Moratorium has following advantages for debtors:
- Impossibility to declare company or sole proprietor insolvent.
- No financial penalties for violation of monetary obligations.
- “Freezing” of penalties on the mortgaged property.
- Suspension of enforcement proceedings for property penalties.
Who can be subject to moratorium?
Bankruptcy moratorium is automatically applied to all those who are listed in governmental Decree. Therefore, company or sole proprietor is entitled to waive restrictions imposed by authorities and allow creditors to apply for debtors’ bankruptcy. Thus, such measure does not postpone measures that are planned to be executed. In addition, the debtor is still entitled to file for own bankruptcy.
VALEN specialists are highly experienced in the field of bankruptcy, will provide consultation on all issues related to bankruptcy during pandemic and will provide services on conducting bankruptcy procedure in compliance with requirements of imposed moratorium.
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Law degree in the Russian Federation
Studied at the University of Passau, Germany
Foreign Languages: English, German
Since 2007 a lawyer in Beiten Burkhardt lawfirm
Since 2012 founder and managing partner at VALENOur specialists
Graduated from People’s Friendship University of Russia (RUDN)
Certified Lawyer in the Russian Federation, Master of law (International law)
Foreign languages: English
5+ years of legal experience in consulting lawfirms and inhouse practices
Since 2023 —Director of Operations at Valen GroupOur specialists
Graduated Moscow State Institute of International Relations (MGIMO)
RANEPA at the President of the Russian Federation
Certified Lawyer in the Russian Federation, Master of Law (Corporate Law)
Foreign languages: English, French
4+ years in corporate law consulting
Since 2022 –Head of legal at Valen GroupOur specialists
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