Russians are increasingly turning to the courts for bankruptcy. According to the Chairman of the Supreme Court of the Russian Federation Vyacheslav Lebedev, in the first quarter of 2023, arbitration courts considered 30% more bankruptcy cases compared to the same period in 2022.
In this regard, according to Lebedev, it is necessary to further improve bankruptcy legislation, simplify and speed up judicial procedures, and unify. He added that the number of cases for the recovery of debts from Russians has also increased – by 23%.
Commenting on Lebedev’s data, Artem Denisov, a partner at the Genesis law firm, told Kommersant that this was hardly related to the economic situation in the country. Most likely, the expert believes, the courts dealt with the cases of previous periods.
According to him, the courts are in no hurry to consider complex insolvency cases, so the consideration of such cases is postponed for quite a long time. Accordingly, the final act on the bankruptcy procedure itself is also shifted.
At the same time, the number of insolvency cases of legal entities also increased in the first quarter and will continue to grow further. So says the head of the bureau for the protection of the rights of entrepreneurs of the Moscow city branch of Opora Rossii, Alexei Petropolsky.
He recalled that during the pandemic, there was a moratorium on bankruptcy, and it takes a huge amount of time to start such a process.
Source: Rosbalt
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