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THE CENTRAL BANK FILED A BANKRUPTCY LAWSUIT AGAINST THE MOSCOW BANK GARANT-INVEST

The Central Bank has filed an application for the insolvency of Garant-Invest Bank with the Moscow City Arbitration Court. This decision was made three weeks after the credit institution lost its license. The claim was registered on January 14 (case no.A40-3833/2025)....

THE BANKRUPTCY PROCEDURE OF THE BANK "PRIORITY" HAS BEEN COMPLETED IN SAMARA

On November 12, 2024, the Samara Arbitration Court completed the bankruptcy procedure of Priority Bank (case No. A55-23933/2014). The decision to terminate the bankruptcy proceedings was made on November 11. The procedure lasted about 10 years after the organization lost its license. During the last stage of the litigation,...

THE WELL-KNOWN CONFECTIONERY HOLDING IS FACING BANKRUPTCY

"Glavtorg", which is the distributor of the holding "United Confectioners", is on the verge of bankruptcy. This is reported by Kommersant. The Russian financial conglomerate Sberbank is going to send an application for the company's insolvency to the court. Among the reasons for possible bankruptcy are the strong dependence of Glavtorg on loans ...

EX-EMPLOYEES OF OTKRITIE BANK FORCED THE COP TO DOUBT THE NORMS OF THE BANKRUPTCY LAW

The Constitutional Court (CC) will check the constitutionality of a number of provisions of the law "On Insolvency (Bankruptcy)" and "On Amendments to Certain Legislative Acts of the Russian Federation". The reason for the procedure was a case involving Otkritie Bank. According to Vedomosti, with reference to the press service of the Constitutional ...

THE LARGEST BANKS ATTACK THE "SHOES OF RUSSIA" WITH THREATS OF BANKRUPTCY

The group of companies, which includes MKK "Arithmetic", shoe factory S-Tep and other structures controlled by the company "OR" (the issuer of the holding's shares), received a signal about the beginning of bankruptcy. Three of the largest credit institutions in Russia have published information about this on Fedresurs. VTB and Sberbank did this as soon as the government moratorium ended, in early October. Later, a similar message was published by Promsvyazbank ...

Supreme Court of Russia outlined who has the right to initiate simplified bankruptcy procedures

... instances considered that in the procedure used by the applicant it was illegal, however, the economic board recalled the peculiarities of legal relations. We are talking about an assignment agreement, under which the previous creditor of a citizen (a bank) sold the debt to him to another company. This company, due to the citizen's default on the loan, turned to the latter with a demand to repay the debt. Due to the fact that this did not happen, the assignee applied to the court to declare the individual ...

Bankruptcy of "Lipetskoblbank" finally completed

On March 14, the Lipetsk arbitration issued a final verdict, ending the bankruptcy of the bank. Bankruptcy proceedings, which lasted for almost a decade, ended with the repayment of 569.7 million rubles of debts to creditors. All property that could be sold was sold, but the organization was unable to pay all debts to 556 ...

Supreme Court of Russia will clarify the procedure for initiation of bankruptcy of an individual by bank

The case of the insolvency procedure of an individual was transferred for consideration of the Supreme Court of the Russian Federation. The potential bankrupt expressed his disagreement with the debt presented to him, and the lower authorities supported him. The position of the individual was that the debt presented to him by the bank was not indisputable, therefore, could not become the basis for ...

PROINVESTBANK PROTESTS AGAINST BANKRUPTCY AND REVOCATION OF LICENSE

On May 25, the arbitration court of the Perm Territory received an application from the Bank of Russia about the bankruptcy of Proinvestbank. A month earlier, the regulator revoked the license of the credit organization, which allowed it to be engaged in banking activities. However, now the former head of the bank, Alexander Vorontsov and ...

INTERPROMBANK OF MOSCOW WILL BE DRIVEN TO BANKRUPTCY

The license of Interprombank, which had existed since 1995, was revoked on April 16, along with the licenses of Neiva Bank and Nordea Bank. Now the capital's arbitration has received a claim for the bankruptcy of a credit institution from the main department of the Central Bank ...

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