Employees may be able to initiate bankruptcy proceedings against employers for delayed salaries

On 9 August 2011, the Ministry of Economic Development and Trade of the Russian Federation published a draft law aimed at increasing the effectiveness of protecting first and second priority creditor rights (the "Draft Law").

Specifically, the Draft Law:

Filed under:
Russia, Employment & Labor, Insolvency & Restructuring, SEAMLESS Legal, Bankruptcy, Legal personality, Liquidation, Economic development
Authors:
Karen Young , Konstantin Baranov
Location:
Russia
Firm:
SEAMLESS Legal