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SUPREME COURT OF RUSSIA: CREDITOR MAY MISS THE STATUE OF LIMITATIONS OF PENALTY PAYMENT IN BANKRUPTCY

The Highest court considered the case on the inclusion of the debt for the payment of a penalty for failure to fulfill the main obligation in the register of creditors’ claims. The amount of the debt, from which the penalty was calculated, was already in the register, but the lower authorities rejected the claim, citing the running of the statute of limitations. It should be noted that the debt and the penalty on it arose from the obligations of the transport expedition. The debtor, who was subsequently...

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