Clifford Chance
Netting in Russia: Light at the End of the Tunnel
31 January 2011
This client briefing discusses the proposed amendments to the Russian Securities Market Law, the Insolvency (Bankruptcy) Law and the Credit Organisations Insolvency (Bankruptcy) Law that are currently being considered by the State Duma of the Russian Federation (the lower chamber of the Russian Parliament).
While we do not generally issue client briefings on draft legislation, the importance and the possible impact of this draft law on the Russian financial markets warranted an earlier circulation.
Note that the discussion below is based on the draft legislation that was adopted by the State Duma in the third reading.
