|Name:||Law No. 432-FZ of 22 December 2014 to amend Certain Legal Acts and to Repeal Certain Legal Acts (Provisions of Legal Acts).|
|Subject(s):||Banking, finance, insurance workers|
|Type of legislation:||Law, Act|
|Entry into force:|
|Bibliography:||Legislation On-Line in Russian Federation Council of the Russian Federation, Russian Federation PDF in Russian (consulted on 2015-04-19)
|Abstract/Citation:||Amends, inter alia, the Labour Code supplementing it with a new article 349.4 on peculiarities of regulation of employment of certain categories of employees of credit organizations.
Amends, also the Law No. 127-FZ On Insolvency (Bankruptcy): namely rephrases article 61.9 (Persons competent to submit applications to contest a transaction of a debtor); supplements this law with new paragraph 4.1 (Bankruptcy of credit organizations) which includes new articles 189.7-189.105 defining, inter alia, judicial regulation of the bankruptcy of credit organizations, measures to prevent bankruptcy, responsibilities of manager, participants in case of emergence of signs of insolvency, measures for financial rehabilitation of credit organizations, financial support to credit organization by its participants, change of the structure of assets and liabilities, change of organizational structure of a credit organization, liability of persons controlling credit organization, temporary administration and its functioning, moratorium on meeting of the demands of creditors, refusal to execute contracts and other transactions, invalidity of transactions, claim of the Bank of Russia for reorganization and activity of credit organization, general provisions on the regulation of the responsibilities of the bank, contract of transfer of the property and duties of the bank, arbitration procedure of the case of bankruptcy, peculiarities of court processes on the cases on bankruptcy;
Also supplements Chapter IX with paragraph 8 (Peculiarities of the bankruptcy of participant of the clearing and of the client of participant) which includes new articles 201.16-201.17 on the bankruptcy of participant of the clearing and of client of participant and the demands of the clients of the participant of the clearing.
Repeals, inter alia, the Law No. 40-FZ of 25 February 1999 "On Insolvency (bankruptcy) of credit organizations" (Sobranie zakonodatelstva Rossijkoj Federatsii, 1999, No.9, p. 1097).