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Moratorium on bankruptcy due to coronavirus proposed to extend

Moratorium on bankruptcy due to coronavirus proposed to extend
Photo: pixabay.com

The moratorium on the bankruptcy of enterprises from the areas most affected by the coronavirus was proposed to be extended. The current temporary ban expires in two weeks.

As the Interfax citing a government source, the moratorium could be extended by three months. The draft resolution of the Ministry of Economic Development has already been submitted to the Cabinet of Ministers for consideration.

The anti-crisis moratorium on bankruptcy of companies from the most affected industries was announced from April 6 to October 6. The moratorium does not allow the introduction of bankruptcy procedures at the initiative of external creditors and suspends enforcement proceedings on penalties that arose before its introduction.

At the same time, the current moratorium also applies to strategic and strategic enterprises. The draft resolution on the extension of the moratorium does not mention such companies.

Previously, anti-crisis measures to support business were proposed extend until the end of 2021... Boris Titov, Commissioner for the Protection of the Rights of Entrepreneurs, sent a proposal to Prime Minister Mikhail Mishustin.

October 23: current information on coronavirus in the Far East
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