Coronaries led to a wave of temporary measures liberalisation of bankruptcy laws in the world, according to the study of nifi. Many countries have introduced a moratorium on the filing of creditor applications for bankruptcy, or at least raise the minimum amount of debt, and eased the requirements for loans that the shareholders give their companies.The world’s most common way of “liberalization” of bankruptcy law in connection with coronariana became a temporary moratorium on the filing of creditors statements about recognition of the debtor insolvent, it follows from the review Center for macroeconomic research of Fri of Ministry of Finance. So, in many European countries, the creditors are temporarily unable to submit such statements — note, the decision was made in Russia. However, some countries have not decided on such measures, and only raised the minimum debt threshold at which creditors can apply to the court — for example, in Singapore, this amount increased from $10 thousand to $100 thousand However, such a measure can hardly be considered effective, believe in the Fri — it does not protect the Corporation from a relatively large lenders.For the management of the debtor also, many countries have provided exemption from the obligation to apply for private bankruptcy, such as France, Germany, Italy, Spain, Austria, the Czech Republic. As noted in Fri, the effectiveness of this measure depends primarily on its duration: if the freeze introduced on too short a deadline, “instead of recovery, many companies may face a slow death”. Examples of the short freezing of the obligation to file for bankruptcy of his company to Spain, where this measure was originally introduced only until March 29, but was later extended until the end of the year. A longer term is provided in Germany until 31 March 2021.The time validity depends on “healing” effect and the other measure — the suspension of the principle of “recapitalization or liquidation”, which operates in many European countries. Froze this rule, for example, the government of France, Italy and Spain. So, Rome was suspended until the end of the year, which, according to experts the Fri may not be sufficient: “the Losses incurred during the current crisis will be reflected in the annual financial report to be prepared only in 2021”.To encourage financial support of companies from their shareholders the foreign Minister also abolished the rule on subordination of loans that owners of shares may provide the company. So, as a General rule, in case of bankruptcy of companies such loans are returned to the shareholders only after payment of the claims of other creditors — they often get nothing. Now, for example, in Germany the requirements of ASC��ers, issuing such loans until September 30, 2020, in bankruptcy cases are treated like ordinary creditors.Eugene Kryuchkov
