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Monitoring of the Federal Legislation dated 10.04.2024

Resolution of the Constitutional Court of the Russian Federation No. 16-P of April 9, 2024 In the case of verifying the constitutionality of Item 6 of Article 138 of the Federal Law on Insolvency (Bankruptcy) - The Constitutional Court determined the balance of interests of the tax authority and secured creditors in bankruptcy

Decree of the President of the Russian Federation No.244 of April 8, 2024 on amending Decree of the President of the Russian Federation No. 95 of March 5, 2022 on a Temporary Procedure for Fulfilling Obligations Owing to Certain Foreign Creditors and Decree of the President of the Russian Federation No.665 of September 9, 2023 on the Temporary Procedure for the Fulfilment of Government Debt Obligations of the Russian Federation, Consisting of Government Securities the Nominal Value of Which Is Indicated in Foreign Currency, and Other Obligations on Foreign Securities to Residents and Foreign Creditors - The President prohibited the collection of mandatory payments from assets in S-type or I-type accounts

Decree of the President of the Russian Federation No.249 of April 8, 2024 on amending Decree of the President of the Russian Federation No. 723 of October 7, 2022 on the Application of Additional Special Economic Measures in the Fuel and Energy Sector in Connection with the Unfriendly Actions of Certain Foreign States and International Organisations - The deadline for the sale of shares of foreign shareholders of the Sakhalin-1 project has been extended.

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