Businesses around the world are currently being faced with the enormous funding and operational problems as the result of massive quarantines, which are being introduced by the national governments globally to slow down the spread of the Covid – 19 virus. Various measures are getting introduced to rescue the businesses, which are being hit the hardest now.

Marianna Rybynok, a senior associate in "Khrenov & Partners", provides a short overview of the key bankruptcy law related measures, which have been introduced very recently or which are still being considered in Russia and in England.

On March 11, 2020, the World Health Organisation (WHO) declared the new coronavirus, (COVID-19), a global pandemic. With more countries announcing quarantine regimes, businesses are dealing with an increase in contractual defaults. This affects various aspects of all industries around the world, including transport logistics, supply chains, large scale construction projects and financial obligations, amongst others. 

Marianna Rybynok, a senior associate in "Khrenov&Partners", looks into the circumstances, in which a party to a contract may rely on an express force majeure clause or any implied contract law norms under English and Russian law. 

Khrenov&Partners maintained its leading positions in the Russian legal market according to the Chambers Europe 2020 legal guide recently released by Chambers&Partners.

On February 26, Kommersant Daily released its 2020 ranking of leading Russian law firms.
Khrenov & Partners maintained the firm's highest positions in the legal industry.

The firm is recognized in the following categories of the Best Legal Practices:

Russian Arbitration: Resolution of Commercial Disputes HIGH-END - Band 2
Restructuring and Insolvency - Band 2

Kommersant FM - A1, a company owned by Mikhil Fridman, is to have a dispute with Elena Baturina. The company intends to collect a debt of her insolvent brother in the amount of 3.25 billion rubles from the richest woman in Russia. For that sake, A1 will have to bring the attention of the court to a deal cut in 2001, when Baturins divided their assets in Inteco, and to prove that Yury Luzhkov’s widow has never owned her brother’s share. What are the prospects of the hearings? And how did Fridman’s company interfere in the family business? Dmitry Lobachev, Project Manager of Khrenov&Partners, presents his view of the case.

Kommersant FM - The business community requests payment of debts by installments without court hearings. Relevant proposals have been submitted to the Ministry of Economic Development by Business Russia public organization. It is proposed that the debtors will settle their debts with creditors independently, assisted by bailiffs. Under this scheme, the companies will avoid any seizure of their bank accounts and their property will not be auctioned. Will the business people benefit from this situation? Dmitry Lobachev, Project Manager of Khrenov&Partners, comments the case.

Vedomosti - During cold and flu season employees tend to get sick more often, but only 51% of all companies allow them to call in sick and to get better at home. These are the results of a survey conducted by Online Market Intelligence (OMI) upon request from Vedomosti. The survey covered 6,568 working Russians. Tatyana Nikolayenko, Head of Labour Law Practice, Khrenov & Partners, shared her views.