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

... 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 ... ... responsible for improper performance by the insurer of its obligations under the insurance contract, where the beneficiary is the bank. Since the legal dispute between the insurance company and the spouse ended with a decision in favor of the latter, the insurer ...

A CHANCE FOR SALVATION. THE COURT PROTECTED THE BANK'S CLIENT FROM FRAUDSTERS

The bank appealed to the court with a claim to the citizen for the recovery of funds under the loan agreement, and the defendant filed a counterclaim for recognition of the contract as not concluded. The courts of three instances satisfied the bank's claims, rejecting the defendant's objections. The Supreme Court of the Russian Federation sent the dispute for a new consideration (the Ruling of the Supreme Court of the Russian Federation dated 18.07.2023 No. 46-KG23-6-K6), noting the following: "According to the printout of the plaintiff's phone ...

BUDGET MONEY WILL BE DISTRIBUTED TO ALL CREDITORS OF THE BANKRUPT

... conclusions of the courts on the targeted nature of funds under municipal and state contracts. In this regard, it is worth noting that this position of the Supreme Court of the Russian Federation is a turn in the early practice of the court, since earlier the Supreme Court considered the funds on the special account of the bankrupt debtor, listed under the state order, not subject to distribution among other creditors. The only difference between that dispute and the present one is only that in an earlier case it was about a state defense order, however, there is reason ...

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