Source Pravda.Ru

State Duma has passed law "On insolvency"

On Friday at a regular plenary session the State Duma has considered in the second reading the law "On insolvency /bankruptcy/", earlier rejected by the Russian President and has passed it, taking into account the President's proposals.

The law establishes the ground for declaring a debtor insolvent /bankrupt/, regulates the order and conditions for taking measures to prevent bankruptcy. It also establishes the order and conditions of conducting bankruptcy procedures as well as other relationships, which emerge when the debtor is not able to satisfy the creditor's claims in corpore.

The current Federal law is valid for all legal entities with the exception of state enterprises, political parties and religious organizations.

The law, passed by the State Duma on the 1st of July 2001 and later approved by the Federation Council, was rejected by the country's President, who stressed the necessity for the document's detailed elaboration, without which it could not be approved.

Turkish President Erdogan called for a revision of the 1923 Lausanne Treaty, which consolidated the results of the First World War for Turkey in 1923

Turkish President Erdogan issues ultimatum to Washington and Brussels

On December 10, 1948 the Universal Declaration of Human Rights was adopted by the United Nations General Assembly, its thirty articles enshrining basic and fundamental rights guaranteeing dignity of the human person and equality for all, regardless of race, color, creed or gender. A pipe dream?

Human Rights Day: Let us hang our heads in shame
Comments
Russia works on MiG-41 doomsday fighter jet
The need for a Global Political Agenda 2018
New Russian weapons shocked USA three times
USA looking for reason to see nuclear weapons in action
Russia works on MiG-41 doomsday fighter jet
Putin makes first comment on Trump's Jerusalem decision
Putin makes first comment on Trump's Jerusalem decision
Ukrainian politicians and businessmen aim to visit Crimea
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
North Korea declares victory over USA
North Korea declares victory over USA
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Human Rights Day: Let us hang our heads in shame
Some ideas about North Korea
USA looking for reason to see nuclear weapons in action
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Putin makes first comment on Trump's Jerusalem decision