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Supreme court of Russia outlined the situation when bankruptcy trustee does not have a right for remuneration

... instances rejected the claim, the district court satisfied, and the Supreme Court considered the actions of the anti-crisis manager insufficient to receive money. The case concerned the bankruptcy of an individual, who insisted on carrying out a debt restructuring procedure against him and presented a plan for paying the debt that he had drawn up. At the same time, the bankruptcy trustee and the creditor objected, insisting on the procedure for the sale of the property. However, restructuring was ...

CHINESE COFFEE CHAIN LUCKIN COFFEE FILES FOR BANKRUPTCY IN THE US

... which has been slowly recovering its business after the scandalous exclusion from the American stock exchange Nasdaq, filed for bankruptcy protection in the United States. The company's management is currently trying to get permission for financial restructuring. The company, once cited as Starbucks' main Chinese rival, shocked Wall Street in 2019 by stating that hundreds of millions of dollars of sales had been fabricated. The US Securities and Exchange Commission imposed a $ 180 million fine ...

THE MINISTRY OF ECONOMIC DEVELOPMENT DOES NOT HEAR ANYONE: ANNUAL WAGES OF 50,000 RUBLES ARE PROPOSED FOR ARBITRATION MANAGERS

... destabilize the work of arbitration managers. Experts of the Liquidation and Bankruptcy Bar Association noted that the competence of the meeting of creditors to make decisions on the procedure (except for the transition from bankruptcy proceedings to debt restructuring and vice versa) and on the candidacy (except for the candidacy of the crisis manager) was excluded from the draft law. Thus, the role of creditors in the bankruptcy case has been significantly reduced, which can negatively affect the anti-crisis ...

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