The U.S. Government has significantly expanded restrictions on dealings by U.S. entities with Russian entities — particularly major Russian banks and energy sector companies. These actions relate to the ongoing conflict in Ukraine and the efforts by the United States, the European Union (“EU”) and other governments to try to persuade Russia to end its military engagement on behalf of the separatist movement in Ukraine. The EU also announced an expansion of its sanctions against Russia.

Russia: Bankruptcies in the banking sector.

The EU has implemented a program of sanctions and restrictive measures designed to target Russia and persons responsible for actions that undermine or threaten the territorial integrity, sovereignty and independence of Ukraine. Whilst these measures had previously been limited to asset freezes against a number of named individuals and entities, Regulation 833/2014 of 31 July 2014 (the “Regulation”) has broadened the scope of these measures to impact the wider Russian economy, including its energy industry and financial sector.

The U.S. Government has significantly expanded restrictions on dealings by U.S. entities with Russian entities — particularly major Russian banks and energy sector companies. These actions relate to the ongoing conflict in Ukraine and the efforts by the United States, the European Union (“EU”) and other governments to try to persuade Russia to end its military engagement on behalf of the separatist movement in Ukraine. The EU also announced an expansion of its sanctions against Russia.

The State Duma of the Russian Federation has adopted amendments to the Law on Bankruptcy in part determining material liability of persons, controlling the actions of the debtor, of the debtor’s management and members of the liquidation commission, whose actions lead to its bankruptcy. The amendments came into force on 30th of July 2013.

The U.S. Court of Appeals for the 1st Circuit (Maine, Massachusetts, New Hampshire and Puerto Rico) on 24 July 2013 ruled that Sun Capital Partners was jointly liable with one of its portfolio companies for a $4.5 million withdrawal liability from a multi-employer pension plan

The highest Czech Court decision defining “known creditor” within Council Regulation (EC) No. 1346/2000 has European wide impact. In order to understand the influence of the decision, it is necessary to briefly describe the Czech law provisions for lodging claims. Winter 2012/2013

Russia’s central bank governor has lifted the lid on $49bn in illegal capital flight last year – more than half of which, he says, was controlled “by one well-organised group of individuals” that he declined to name, the Financial Times reported. Sergei Ignatiev, due to step down in June after 11 years in his post, is seldom outspoken about any issue other than interest rates.

Appointment Under the provisions of Federal Law on Insolvency (Bankruptcy) of 26 October 2002 No. 127-FZ and the subsequent, but not final, amendments, envisaged by Federal Laws of 24 October 2005 No. 133-FZ, 18 July 2006 No. 116- FZ, 30 January 2008 No. 296-FZ, 28 April 2009 No. 73-FZ, 19 July 2009 No.195-FZ, 17 December 2009 No. 323-FZ, 27 December 2009 No. 374-FZ, 22 April 2010 No. 65-FZ and 27 July 2010 No.