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New rules on bankruptcy of developers: making participatory construction safer for participants at the expense of banks?
- Herbert Smith Freehills LLP
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- Russia
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- September 1 2011
New Law on "Amendments to the Law on Insolvency (Bankruptcy) and Articles 17 and 223 of the Arbitrage Procedural Code with respect to establishment of special rules for bankruptcy of developers attracting money from participants in construction" was adopted on July 12, 2011 (the "Amendments"
