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Supreme Court of Russia supported the position of colleagues on the invalidity of a deed of gift

... case and at the time of signing the agreement, the debtor had already had multimillion-dollar obligations to the bank, but under a surety agreement. The main borrower was the company controlled by the future bankrupt. Considering the complaint, the Supreme Court of Russia recalled that the recognition of an agreement on the deed of gift as invalid is possible if three conditions are met: causing property damage to creditors; the existence of the debtor's purpose for such damage ; awareness of the ...

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