In the fall, Russia will be swept by a wave of corporate bankruptcies. Commentary by Sergei Vodolagin, Managing Partner of Westside Law Firm, for Vedomosti

In autumn, Russia will be swept by a wave of bankruptcies of enterprises. This forecast was given by the authors of Coface's analytical research “Russia ViewPoint: Macroeconomic and Industry Review of the Russian Market”. Analysts believe that the data on the number of corporate bankruptcies, the number of which decreased by 19.9% ​​in 2020, does not reflect the real state of affairs in the market. Coface explains this dynamic by the bankruptcy moratorium. Its term expired in January, and since bankruptcy cases in Russia are considered on average for 5-7 months, experts expect the peak of “crisis” bankruptcies to begin in July.

Sergei Vodolagin, Managing Partner of Westside Law Firm, notes that by the end of this year, the number of bankruptcy cases could sharply increase both due to the unfavorable economic situation and due to the "deferred" procedures that were not initiated in 2020. reason for the moratorium. “I think that in this sense the moratorium played a rather negative role,” Vodolagin said.

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