International Corporate Rescue
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Vol 16 (2019) - Issue 5
Article preview
Recognition of Foreign Insolvency-Related Judgments in the Russian Federation
Olga Savina, Partner, and Denis Mukhametgaliev, Associate, ART DE LEX, Moscow, Russian FederationSynopsis
This article looks at the issue of recognition and enforcement of foreign bankruptcy judgments in Russia. Russia has not implemented the UNCITRAL Model Code on cross-border insolvency 1997 and does not provide for specific legislation on cross-border bankruptcy. This article comments on the lack of certainty in this area and the negative impact on Russian judicial practice.
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