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Supreme Court of Russia outlined who has the right to initiate simplified bankruptcy procedures

... out to be persistent and went further. When the complaint got to the Supreme Court of the Russian Federation, the Economic Board noted that in the case of an assignment, the entire volume of rights that the seller of the debt possessed passes from the assignor to the assignee. Thus, if the assignor (bank) by law had the right to initiate a case on the insolvency of a citizen without additional prolongation of the debt, then the buyer of this debt (the assignee), had the same rights. As a result, the ...

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