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THE SETTLEMENT AGREEMENT STOPPED THE BANKRUPTCY OF THE PULP AND PAPER MILL

The bankruptcy proceedings of a pulp and paper mill in the Sverdlovsk region were terminated by the arbitration court in connection ... ... from the Federal Tax Service No. 13 increased from 72 million to 96.3 million rubles, Kommersant writes. Under the terms of the settlement agreement approved by the arbitration court, the plant promised to close the debt to the Federal Tax Service within ...

THE SUPREME COURT ASSESSED THE DISCOUNT IN THE SETTLEMENT AGREEMENT, TAKING INTO ACCOUNT THE BANKRUPTCY OF ONE OF THE PARTIES

... agreement can take place only after the fullest possible study of the impact of such an agreement on the debtor's solvency and its assessment for the presence of harm to creditors, since in the framework of a new dispute review, the conclusion of the same settlement agreement will be a priori impossible due to the initiation of bankruptcy proceedings against one of the parties. Thus, the Supreme Court once again stressed that disputes on the recovery of damages, in comparison with other types of litigation, have the least predictable prospects, which is why only a discount at ...

THE SETTLEMENT AGREEMENT SAVED THE "CAVIAR KING" OF KAMCHATKA FROM BANKRUPTCY

Entrepreneur Alexander Borisik avoided bankruptcy, which threatened him from the tax authorities. In the process of checking the business by the structures of the Federal ... ... the budget of the Russian Federation amounted to about 1.6 billion rubles. However, the businessman was offered to conclude a settlement agreement and pay all the money voluntarily. For the first time, the entrepreneur, who was in no hurry to get on ...

Supreme Court Of Russia resolved the issue of challenging the settlement agreement in bankruptcy

... court actually designated the nullity of the deal for the alienation of land without a building located on it. According to this reason, the rights of a third party who once tried to buy a plot from a debtor could not be violated by the conclusion of a settlement agreement in bankruptcy ( decision No. 306-ES16-9556 (6) dated February 14, 2022).

MOST RUSSIANS INITIATE BANKRUPTCY ON THE ADVICE OF BORROWERS

... measure that should be applied only in exceptional cases. So, over the past year, more than 390 thousand citizens filed for bankruptcy in the courts. For comparison, in 2022 there were 22% fewer such appeals to the courts. The relevant statistics were ... ... the insolvency procedure. Experts remind that it is possible to settle debts through obtaining credit holidays, concluding a settlement agreement or restructuring.

ST. PETERSBURG DEVELOPERS HAVE CONCLUDED A SETTLEMENT AND AVOIDED BANKRUPTCY

Alfa Faberge construction company avoided bankruptcy by agreeing with creditors. The organization has concluded amicable agreements with PLF JSC (PLG structure) and L-Industry and Sinopskaya Embankment companies affiliated with the developer. According to RBC Petersburg, the deal was finalized ...

WHEN CONCLUDING A BANKRUPTCY SETTLEMENT, IT IS NECESSARY TO REMEMBER ABOUT INDIVIDUAL CREDITORS

In the framework of the insolvency case (No. A40-278566/22), the court of first instance concluded a settlement agreement, on the basis of which the proceedings were terminated. The creditor filed a cassation appeal against the ruling, following consideration of which the district court refused to approve the settlement agreement, noting the following: ...

THE SUPREME COURT WILL CONSIDER THE ISSUE OF VIOLATION OF THE RIGHTS OF BANKRUPT PARTICIPANTS BY THE SETTLEMENT AGREEMENT

In the framework of the bankruptcy case (No. A32-26161/19), the court approved a settlement agreement between the debtor and his creditors. In accordance with the agreement, the debtor undertook to repay the claims of part of the creditors at the expense of cash, and to repay the claims of the remaining part of the creditors — to ...

"BALTIKA" AND CARLSBERG WENT TO THE SETTLEMENT ON THE CLAIM OF 90 BILLION

The settlement agreement between the Baltika brewing company and the Danish Carlsberg Group (including its "daughters") was approved by arbitration in St. Petersburg. The lawsuit concerned the recovery of losses from a foreign concern in ...

THE LAW ON MEDIATION WAS DISCUSSED IN THE STATE DUMA

The LDPR faction held a round table in the State Duma on amendments to the Law on Mediation (193-FZ). The trade union community, together with the Ministry of Justice and representatives of the party, discussed, among other things, the creation of a unified register of mediators and a code of ethics, as well as educational requirements. The professional community has been discussing the need for changes to the law for a long time. The main issues that cause heated discussions among mediators are...

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