Presidium of the Supreme Court of Arbitration of the Russian Federation clarified the matters connected with transitional provisions of the Federal Act N 296-FZ "On amendments to the Federal Act “On insolvency (bankruptcy)" of 30 December 2008
Thus, Presidium of the Supreme Court of Arbitration pointed
out that in accordance with
clause 1 of article 4 of the Act N 296-FZ,
the Act on bankruptcy (document is in Russian) in the wording
of the present
Act shall be applied by courts of arbitration to settle
cases of bankruptcy on the basis of applications approved after
31 December 2008.