Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

Russian bankruptcy law in practice and its impact on the 1998 bankruptcy law

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this chapter

+ Tax (if applicable)

Chapter Summary

This chapter examines the extent to which the novelties contained in the 1998 Bankruptcy Law were caused by shortcomings of the 1992 Bankruptcy Law. It provides a short survey of the 1998 Bankruptcy Law. When examining court cases under the 1992 Bankruptcy Law, it becomes evident that the 1992 Law had many gaps and inconsistencies that needed to be addressed. With regard to court decisions leading to practice-driven changes in the law, the following categories of judgments in bankruptcy cases are distinguished: broadening the grounds for bankruptcy; filling in gaps; clarifying obscure provisions; improving protection for creditors; and improving administrative procedures. It also includes increasing efficiency; sharpening definitions; adjusting to international standards; and including edicts and decrees in the law. In the case of bankruptcy law, the chapter concludes that the decisions of the Russian Higher Arbitrazh Court have proved to be rich source for the new Russian bankruptcy law.

Keywords: 1998 bankruptcy law; arbitrazh court; international standards; Russian bankruptcy law



Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
    Private and Civil Law in the Russian Federation — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation