The global solution for human resource professionals, combines custom research, strategic white papers, country primers, webinars and OnDemand educational programs, and the expert guidance...
July 7—Wages owed employees of insolvent businesses will have new protections under Federal Law No. 186-FZ signed by President Vladimir Putin June 29, the presidential press service reported July 1, the day the law became effective.
• requires CEOs of insolvent businesses to file for bankruptcy if their companies have owed back salaries or employment termination payments (ETP) to employees for more than three months,
• allows employees owed back wages and ETPs to petition arbitration courts to seek bankruptcy of their former employers and
• requires insolvent employers to first make payments of back wages and ETPs of 30,000 rubles ($537) per employee per month and only afterwards make other back payments, including payments for intellectual property rights.
To contact the reporter on this story: Sergei Blagov in Moscow at email@example.com
To contact the editor responsible for this story: Rick Vollmar at firstname.lastname@example.org
Full text of the press service statement is available at http://www.kremlin.ru/acts/news/49848, Federal Law No. 186-FZ at http://static.kremlin.ru/media/events/files/ru/Fpjc0NKYRNM766n6mcnz7v6zRbr4ZyAU.pdf, both in Russian.
For more information on Russian HR law and regulation, see the Russia primer.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)