IPA CIS Working Group Reviews New Proposals for the Model Law on Cross-Border Insolvency
The working group of the Inter-Parliamentary Assembly of the Commonwealth of Independent States, tasked with drafting the model law "On Cross-Border Insolvency and Bankruptcy", has continued its work. The group's latest meeting took place on 18 September.
The parliaments of the Republic of Belarus, Kazakhstan and Kyrgyzstan, as well as committees of the Federal Assembly of the Russian Federation, submitted proposals for the meeting of the working group on refining the draft model law.
The General Confederation of Trade Unions initiated the inclusion of provisions guaranteeing workers a privileged position regarding wage payments during the liquidation of cross-border enterprises, and granting trade unions the right to represent and defend the collective rights and interests of workers in bankruptcy proceedings.
Work on the law began in March 2025. In the course of drafting, the key categories of the document's structure and the types of bankruptcy proceedings were defined. The group also addressed questions of international legal assistance, the recognition of foreign bankruptcy rulings, and the powers of the insolvency administrator appointed in such cases. The concept of the debtor's "centre of main interests" was introduced as a guideline for determining the competent jurisdiction.
Following the discussion and the vote, the participants decided to continue working on the model law.
GCTU News
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President of Russia Vladimir Putin Presents the Order of Honour to Viktor Pinsky
Viktor Pinsky, a member of the Russian State Duma and General Secretary of the General Confederation of Trade Unions (GCTU), has been awarded the Order of Honour. The award was presented by Vladimir Putin, President of the Russian Federation.
"My sincere congratulations! I am glad that your work has been duly recognised by the country's leadership," Vladimir Putin said as he presented the award to Viktor Pinsky.
The ceremony took place today in the St George's Hall of the Kremlin in Moscow.
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Margarita Usova presents GCTU initiatives at the “Trade Unions. 21st Century” forum
On October 8, Sochi is hosting the 8th All-Russian Intelligence Forum “Trade Unions. 21st Century. An Era of Change.” For the third year running, the General Confederation of Trade Unions is the forum's general partner.
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GCTU takes part in EEC Advisory Committee meeting on social security for workers
On October 8, Moscow hosted the ninth meeting of the Advisory Committee on Social Security, Pension Rights, Medical Care, and Professional Activities of Workers of the Eurasian Economic Union (EAEU) member states, held at the Eurasian Economic Commission (EEC).