THE SUPREME COURT WILL LOOK INTO THE REMUNERATION OF THE MANAGER WHEN SELLING THE COLLATERAL

THE SUPREME COURT WILL LOOK INTO THE REMUNERATION OF THE MANAGER WHEN SELLING THE COLLATERAL

THE SUPREME COURT WILL LOOK INTO THE REMUNERATION OF THE MANAGER WHEN SELLING THE COLLATERAL
In the framework of the debtor's bankruptcy case (No. A56-137087/19), the manager appealed to the court with an application to establish a percentage fee in connection with the sale of the collateral.

The courts of three instances partially satisfied the application, setting a percentage of the remuneration in the amount of 4.5% of the amount of satisfied claims of the collateral creditor.

The debtor's creditor did not agree with this approach and filed a complaint with the Supreme Court, pointing out that the services for the sale of the collateral were provided not by the manager, but by the organizer of the auction, who received a significant reward. In such circumstances, the manager is not entitled to claim the maximum possible percentage of the remuneration.

The Supreme Court considered these arguments worthy of attention and scheduled consideration of the complaint for November 25, 2024.

31.10.2024