Analytics and brochures

The Russian Government’s Resolution No. 651 “On measures of support for systemic companies” was adopted and published on 10 May 2020 approving the Rules for selecting companies included in the lists of systemic companies of the Russian economy that are eligible to receive state support measures in 2020. 

Pepeliaev Group advises that draft law No. 953580-7 is pending its first reading in the Russian State Duma (the lower house of the Federal Assembly of Russia). Article 9 of the draft law contains provisions concerning the granting to debtors to which the moratorium applies of a court instalment plan in bankruptcy cases for the purpose of settlements with creditors.

On 11 May the Russian President held a meeting concerning the sanitary and epidemiological situation, announcing further measures to support the population and business, and officially terminating the period of “non-working” days that had been previously introduced.

Pepeliaev Group advises that on 12 May 2020 the State Duma considered in the first reading draft law No. 953580-7 (the “Draft Law”) which stipulates, among other things, a tenant’s right to unilaterally withdraw from a commercial lease without any penalties and to extend leases for public immovable property.