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DISTRICT COURT PUTS AN END TO “BANKRUPTCY TOURISM” CASE

... court of appeal, did not find a conflict and not only accepted the creditor's claim for proceedings, but also introduced a debt restructuring procedure against the debtor. However, the potential bankrupt continued to insist on the incorrectly chosen jurisdiction and challenged the court decisions in cassation. The Commercial Court of the Moscow District listened to the arguments of the applicant and pointed out the premature conclusions of the colleagues', regarding the jurisdiction of the dispute....

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