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Supreme Court of Russia resolved the issue of initiating bankruptcy due to deed of assignment

... applicant did not have a banking license, which confused the lower authorities, and they stopped the proceedings. However, the Supreme Court of the Russian Federation took a different position, indicating that despite the fact that the applicant himself did not have the status of a credit institution, he had the right to initiate bankruptcy without a judicial act. The thing is that under an assignment agreement, the assignee accepts the amount of rights that the assignor himself has under the agreement from the assignor. Thus, if the original ...

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