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THE SUPREME COURT OF RUSSIA CLARIFIED WHO SHOULD BE CHARGED WITH A BURDEN OF PROVING WHEN CHALLENGING A DEBT

... the Register of creditors’ claims. The debt was based on a loan agreement and formed a controversial attitude of the lower courts to the legal situation. The claim was satisfied in the first and cassation instances, but the appeal has rejected it. The Supreme Court of Russia canceled all three decisions, sending the case for reconsideration. The disputed claim was based on a multimillion-dollar loan, which was taken from the company by an individual debtor. In the opinion of the courts of the first ...

THE SUPREME COURT OF RUSSIA WILL CONSIDER A CLAIM FOR SUBSIDIARY LIABILITY OUT OF BANKRUPTCY PROCEEDINGS

The case to bring the persons controlling the debtor to subsidiary liability was transferred to the Economic Board of the Supreme Court of Russia at the request of one of the creditors. The peculiarity of the application is that it was filed after the court terminated the insolvency case of the debtor company. The reason for the termination was the lack of funds of ...

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