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Supreme Court of Russia resolved the issue of downgrading the claims of an affiliated creditor

... the decisions of the courts of appeal and the district, by which the claims of the creditor affiliated with the debtor were included in the register of creditors’ claims... ... operation as compensatory financing. The court of first instance, taking into account the affiliation of parties and their subordination to one beneficiary, satisfied the claim... ... compensatory, and therefore such a claim should have been subordinated in the register. The Supreme Court of the Russian Federation canceled the decisions of the court of appeal...

Modified: 04.06.2022
Supreme Court of the Russian Federation , definition , subordination of claims , affiliation , debtor , creditor , bankruptcy
Path: РусБанкрот - СМИ
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