Elena Gladysheva, Managing Partner of RI-Consulting, lawyer Attorney in an author's column for Banki.ru about the consequences for creditors and employees of foreign businesses of a statement to suspend operations and withdrawal from the Russian market? The first part of the article contains an analysis of the consequences of a "suspension" statement.
The state is not responsible for business, and business is not responsible for the state (these are the fundamental tenets of any law, not only Russian law). So, what is the obstacle to running this business? There are no obstacles.
One statement alone is not enough to stop or suspend a business. There are certain requirements (staff reduction issues, settling liabilities with creditors, matters of movable and immovable assets), which will have to be fulfilled. A large number of owners have now declared their businesses to be suspended. Let's break down what that means.
17.02.2023
Earlier the FAS started anti-cartel inspections of the largest sugar producers - Rusagro Group LLC, Rusagro-Center LLC, Prodimex LLC, GC Dominant LLC, Trade House Dominant LLC and ChekhovSugar LLC, as well as the Union of Sugar Producers of Russia non-profit organization. The FAS also audited market...
13.02.2023
The Supreme Court has consolidated the issue of qualification of transactions in bankruptcy proceedings. The application of the concept of "higher standard of proof" must be justified and cannot be applied arbitrarily. Managing Partner of RI-Consulting, Advocate Elena Gladysheva, evaluates the...
11.01.2023
Elena Gladyysheva, Advocate, Managing Partner of RI-Consulting, and Vladimir Krylov, Senior Lawyer, Head of Corporate Law Department of RI-Consulting on case No. A40-213998/2021. The Russian Supreme Court clarified to lower courts the rules of compensation for losses in the case when a former...
