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LOSSES WERE RECOVERED FROM THE ARBITRATION MANAGER FOR THE EXPLOITATION OF THE DEBTOR'S PROPERTY

In the bankruptcy case of Yug-Electroservice LLC, losses were recovered from the arbitration manager (AU) for the exploitation of the debtor's property (case no. A32-50483/2017). After the Yug-Electroservice ... ... register the car due to the restrictions imposed, which is why he terminated the contract. The founder filed an application to the court to recover damages from the manager. The latter, in a separate proceeding, recovered these losses in the form of fines from ...

THE ARBITRATION MANAGER WILL BE BANKRUPTED BY THE CAPITAL'S AVANGARD UNION

... of Article 159 (fraud committed by an organized group or on a particularly large scale or entailing the deprivation of a citizen's right to housing) The Criminal Code OF the Russian Federation. The case is being considered by the Sverdlovsk District Court of Perm. Investigators believe that all of them were committed by Vasev in the status of an arbitration manager. Vasev's outstanding debt, listed on the FSSP website of the Russian Federation, is 7.7 million. About 500 thousand more are performing fees. It is known that the former arbitration manager is 37 years old. According to the registry ...

THE ARBITRATION MANAGER OF THE LOGOCOMPLEX REQUIRES 63 MILLION FROM THE PREDECESSOR

... bankrupt (case A26-489/2023). In the application filed on January 17, 2023, the former Bankruptcy Trustee indicated the existence of a debt of 7,518,980.3 million, which arose due to the recovery of losses from him in connection with his work as an arbitration manager. Until August 1, the court introduced the procedure for the sale of his property. Photo by Freepik

THE SUPREME COURT ORDERED THE FOUNDER TO PAY FOR THE BANKRUPTCY PROCEDURE OF HIS COMPANY

If the bankrupt company does not have the funds to finance the procedure, then the founders are obliged to pay for the auction, the services of the manager and other court costs. The corresponding decision was made by the Supreme Court (SC) in the case of the insolvency of LLC "Tevos". So, its founder was obliged to pay for the bankruptcy procedure of the company. The company filed for its own bankruptcy ...

The court in Voronezh put the bankruptcy trustee on the wanted list and arrested him in absentia

On April 19, the Leninsky District Court of Voronezh put the bankruptcy trustee Igor Vyshegorodtsev on the wanted list. Judge Marina Galagan has changed the measure of restraint of a man previously released on bail to the arrest, as she has not found him in the courtroom. Now, if the ...

Supreme Court of Russia proposed to raise the limit of debt in case of out-of-court bankruptcy

The head of the Supreme Court of Russia, Vyacheslav Lebedev, proposed to raise the debt limit established in Russia for out-of-court bankruptcy of individuals. At a meeting of courts of general jurisdiction and arbitration with the participation of Vladimir Putin, the chairman ...

IN ORDER TO RECEIVE A STIMULATING REWARD IN A BANKRUPTCY CASE, THE MANAGER MUST TRY VERY HARD

... procedure, including filing a lawsuit with the court to recover accounts receivable from the company, the sole participant and head of which is the creditor. The cassation overturned the judicial acts and refused to satisfy the application, noting that the courts did not provide specific motives that served as the basis for increasing the amount of fixed remuneration to 300 thousand rubles, limiting themselves to a list of standard measures carried out by the arbitration manager. In the case under consideration, the arbitration manager also failed to prove that the measures he carried out went beyond the limits of ordinary duties and were effective in terms of satisfying creditors' claims - the accounts payable ...

AU'S CANDIDACY MAY BE CHALLENGED. IF IT WAS OFFERED BY AN AFFILIATED LENDER

As part of the bankruptcy case (No. A40-36324/22), the tax service applied to the court for the dismissal of the arbitration manager. In refusing to satisfy the claim, the courts of two instances proceeded from the failure to provide evidence of the affiliation of the arbitration administrator with respect to the debtor and his creditor, and also took into account ...

THE APPOINTMENT OF A COLLEAGUE IN THE SRO AS A MANAGER IS UNACCEPTABLE

... the debtor. The cassation sent the dispute for a new review on the debtor's complaint and noted the following: • The debtor argued for the entry of the manager and the majority creditor into the executive body of the Self-Regulating Organization of Arbitration Managers. • In fact, from the arguments of the debtor given in the court of appeal, it follows that the majority creditor, being the arbitration administrator himself, proposed as a self-regulating organization exactly the SRO of which he is a member.

THE APPOINTMENT OF A COLLEAGUE IN THE SRO AS A MANAGER IS UNACCEPTABLE

... the debtor. The cassation sent the dispute for a new review on the debtor's complaint and noted the following: • The debtor argued for the entry of the manager and the majority creditor into the executive body of the Self-Regulating Organization of Arbitration Managers. • In fact, from the arguments of the debtor given in the court of appeal, it follows that the majority creditor, being the arbitration administrator himself, proposed as a self-regulating organization exactly the SRO of which he is a member.

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