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.
Two degrees in Lomonosov Moscow State University. Faculties of Law and Philology.
1996 – obtained status of attorney
Foreign Languages: English
Specialist in the field of legal representation, corporate conflict resolution, structuring and support of transactions for the acquisition of business, as well as defense / representation in the framework of criminal prosecution
Since 1994 – more than 150 publications in the Russian newspapers and magazines
Since 2019 – senior lawyer at VALENВсе специалисты
Law degree in Lomonosov Moscow State University, 2014
Postgraduate education diploma in Institute of Legislation and Comparative Law under the Government of the Russian Federation, 2017
Foreign Languages: English, German, Spanish, Portuguese
Since 2014 – practice in obtaining and collecting of low liquid debts, in bankruptcy procedures of legal entities and litigation in commercial and regular courts
Since 2020 – lawyer at VALENВсе специалисты
Law degrees in the Institute of International Trade and Law; Russian Foreign Trade Academy
Foreign languages: English, Spanish.
Since 2010 – legal experience in public authorities (Moscow tax office, Intellectual Property Court), Moscow notary office, Russian law firms.
Since 2019 – Lawyer at VALENВсе специалисты
Russian Foreign Trade Academy (LLB), 2017 Faculty – international law
University of Westminster (LLM), 2018 Faculty – corporate finance law
Foreign Languages: English, Spanish
Internships in public authorities (District Court, Russian Financial Intelligence Unit; English and Swiss law firms (Diacle Ltd, Froriep LLP)
Since 2019 – lawyer at VALENВсе специалисты