Bankruptcy moratorium

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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Tatyana Sarycheva
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Timofey Moshkov
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Kirill Chemlaev
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Roman Matyushekov
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Maxim Verbov
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Ignat Shevchenko
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Tatyana Sarycheva
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Timofey Moshkov
Senior Lawyer

In 2008 graduated with honors from Moscow State Law Academy.

In 2011 finished postgraduate school of the Moscow State Law Academy and received a PhD in Law.

Since 2015 works as attorney.

More than 5 years of experience as an attorney – arbitration and bankruptcy litigation.

6 years of experience as an inhouse lawyer with specialization in Labor, Contract and IT law.

4 years of experience in the field of international relations (working with international organizations such as the UN, IAEA).

Foreign Languages: English

Senior Lawyer at VALEN Group

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Kirill Chemlaev
Senior Lawyer

Law degree in Kutafin Moscow State Law University (MSAL)

Foreign Languages: English

Lawyer at VALEN

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Roman Matyushekov
Lawyer

Higher School of Economics (Bachelor’s degree), 2018 – Faculty of Law

Higher School of Economics (Master’s program), 2020 – Lawyer in activities in justice and law enforcement

Over 3 years of experience as a lawyer in foreign law firms

Foreign languages: English

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Maxim Verbov
Lawyer

Russian Foreign Trade Academy, Faculty – international law

Foreign Languages: English, French

Lawyer at VALEN

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Ignat Shevchenko
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Lomonosov Moscow State University, Law faculty

Foreign languages: English

Lawyer at VALEN Group

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