The Russian Federation continues to take measures aimed at reducing the negative impact of the coronavirus (COVID-19) outbreak on businesses. On 1 April 2020, Article 9.1 (“Moratorium on Initiation of Bankruptcy Proceedings”) was incorporated into the Federal Law “On Insolvency (Bankruptcy)” (the “Bankruptcy Law”), and on 3 April 2020 the Government of the Russian Federation introduced a moratorium on the initiation of bankruptcy proceedings against certain categories of debtors on the basis of the aforementioned Article.
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