Shop vacancy rates in the Russian capital are set to hit a record high, and the end of the year will see a wave of bankruptcies in Russia’s services sector […]
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(Russia Beyond the Headlines – rbth.ru – OLEG YEGÓROV, SPECIAL TO RBTH – October 26, 2015) Debt collectors in Russia often exceed their authority and resort to bullying, intimidation and even physical violence in order to force individuals to pay. However, a new law on individual bankruptcy is designed to help borrowers avoid such unpleasant encounters, though critics fear it […]
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(Moscow Times – themoscowtimes.com – Anastasia Bazenkova – October 2, 2015) Russian courts received their first personal bankruptcy petitions on Thursday, as the country’s first ever law allowing individuals to declare themselves bankrupt entered into force. On the eve of the law’s arrival, analysts warned that courts could be overwhelmed by a flood of applicants unable to pay debts accumulated […]
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