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SUPREME COURT: THE INSURANCE COMPANY IS RESPONSIBLE FOR THE BANK'S LOSSES, NOT THE BORROWER

The couple took out a mortgage loan from the bank, simultaneously concluding a personal insurance contract, the beneficiary of which was the bank. When the husband died, the ... ... courts indicated that the debtor would subsequently be able to file a claim for damages to the insurance company. However, the Supreme Court of the Russian Federation did not agree with the arguments of the lower courts. He recalled that it is the insurance ...

THE UNRELIABILITY OF THE BANK'S BALANCE SHEET PRECLUDES THE REFUSAL TO CHALLENGE THE TRANSACTION IN THE ORDINARY COURSE OF BUSINESS

In the framework of the bank's bankruptcy case (No. A62-7344/13), the manager applied to the court to challenge the chain of transactions for the alienation ... ... commission of the disputed transaction within the framework of the ordinary business activities of a credit institution. The Supreme Court of the Russian Federation referred the complaint of the manager to the board for consideration and pointed out the ...

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