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THE SUPREME COURT REJECTED A $10 MILLION LAWSUIT AGAINST THE BANKRUPTCY TRUSTEE

... claim for recovery of funds from the manager by way of recourse, referring to the fact that in the framework of the debtor's bankruptcy case, losses were recovered from the manager for violating the procedure for settlements on utility bills, and the ... ... claim, pointing out that the manager's guilt in causing losses was established by a judicial act that entered into force. The Supreme Court of the Russian Federation, refusing to satisfy the claim, noted that the above–mentioned judicial act did not establish ...

THE SUPREME COURT ALLOWED TO BANKRUPT FOREIGN FIRMS IN RUSSIA

... bankruptcy claims, where the defendant is a foreign element, many experts spoke in favor of the cancellation of such a verdict by the Supreme Court. Apparently, Igor Grechanik (the sole owner of the company and a Russian citizen), who filed a complaint with the ... ... attempts to declare a foreign individual or company insolvent have been made before. In February 2017, Alexander Baranov wanted to bankrupt a company registered in Cyprus (case no. A40-15873/17). However, the court did not initiate proceedings on his application. Another well-known lawsuit was that of Alice Dedyukhina, who tried to declare a company established in Norway insolvent (case no. A40-325345/19)....

THE SUPREME COURT WILL REMIND ABOUT THE POSSIBILITY OF CHALLENGING THE REJECTION OF THE CLAIM AS A MAJOR TRANSACTION

The plaintiffs filed a lawsuit to challenge the contract of sale of real estate concluded between the company (one of the plaintiffs) and the defendant.... ... refusal from the claim and terminated the proceedings in the case. The person who was not involved in the case appealed to the Supreme Court of the Russian Federation with a complaint, in which he noted the abuse by the plaintiff of his right to the fact ...

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