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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 ... ... the application to the court, the fate of the bank will depend on its consideration. If the Central Bank's claim is satisfied, bankruptcy proceedings will begin. This case was the sixth revocation of a license from banks in 2024. The situation with Garant-Invest ...

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, 807.129 million rubles ...

THE CRIMINAL CASE OF THE BENEFICIARY OF RUSKOBANK WAS SENT TO COURT

The Prosecutor General's Office has sent an indictment in the case against the ex-beneficiary of the bankrupt Ruskobank Khachatur Muradov to the court for consideration. He is accused of embezzling about 600 million rubles. The investigation found that the assets of the credit structure were withdrawn through the issuance of loans to fictitious companies. The bank was also engaged in issuing loans,...

EX-MEMBER OF THE BOARD OF THE BANK "CENTURY" DECLARED BANKRUPT

... the board of the Moscow bank "Century" Sergey Chernykh. The application was submitted by the Deposit Insurance Agency (DIA), the bankruptcy trustee of the credit institution. In 2016, Vek was stripped of its license. Later that year, the bank was declared bankrupt. In 2022, the court decided to recover more than 4 billion rubles in losses from former managers in favor of a financial organization. As the DIA clarifies, among the defendants was Sergei Chernykh, as well as four more of his colleagues. In 2023, a restructuring procedure ...

EX-HEAD OF THE BANKRUPT RUSSIAN MERCHANT BANK RECEIVED 8 YEARS IN PRISON

Igor Safonov, accused of embezzlement of 4 billion, was sentenced by the court to an eight-year term of imprisonment. The former chairman of the Board of the bank was tried under Article 160 of the Criminal Code of the Russian Federation (Part 4). The verdict of the Khamovnichesky court ... ... managers were recently added to the criminal punishment of Igor Safonov. On January 17, the AC GM granted the request of the bankruptcy trustee and imposed interim measures against Safonov and four other RTBK executives in the amount of 6.6 billion rubles....

BUDGET MONEY WILL BE DISTRIBUTED TO ALL CREDITORS OF THE BANKRUPT

In the framework of the bankruptcy case (No. A32-55433/17), the courts considered a dispute on challenging priority payments. The bankruptcy trustee of the debtor filed a statement with the court challenging payments in favor of a third party made after the appearance of signs of the debtor's insolvency. According ...

TRUST BANK REDUCES THE AMOUNT OF A RECORD LAWSUIT AGAINST THE EX-MANAGEMENT OF ROSTBANK

As part of the ongoing judicial drama, Trust Bank announced a reduction in the amount of its financial claims against ex-executives of Rostbank (case no. A40-173349/2020).... ... billion rubles. Now it has been reduced by 3 billion. The clarification was announced during a meeting of the Moscow Arbitration Court (Arbitration Court of the city of Moscow). The former owner of the bank, Mikail Shishkhanov, and several of his former ...

CONDUCTING AML/CFT EVENTS CANNOT BE A REASON FOR ENRICHING THE BANK AT THE EXPENSE OF THE CLIENT

The manager applied to the court to challenge the transaction on debiting funds from the debtor's account in favor of the bank (case no. A40-87169/21). The courts of two instances refused to satisfy the claims, since the arguments of the manager boil down to disagreement and challenging the defendant's position that the funds written off in favor of the bank with the wording ...

WHEN APPROVING A HOUSING AGREEMENT, THE INTERESTS OF THE BANK MUST BE TAKEN INTO ACCOUNT

As part of the bankruptcy case of a citizen (No. A68-9881/21), the debtor filed an application for exclusion from the bankruptcy estate of a single dwelling. The court of first instance terminated the proceedings on the dispute and approved a settlement agreement on the establishment of the order of priority of payments on the loan (the disputed apartment was purchased at the expense of credit funds). The bank filed a cassation appeal against the ruling, following consideration of the complaint, the district court sent the dispute ...

THE LATE REFLECTION OF TRANSACTIONS BY THE BANK DOES NOT INDICATE THAT THEY ARE IMAGINARY

... and void. The higher instance did not agree with the lower courts and, having annulled their judicial acts, sent the dispute for a new hearing to the court of first instance, pointing out that the later reflection of the guarantee agreements in the bank's accounting does not in itself indicate that these agreements were concluded not on the dates specified in them. Credit agreements were not excluded by the courts from the evidence in the case. A detailed review has been prepared by the Association of Lawyers for Registration, Liquidation, Bankruptcy and Judicial Representation

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