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

... one-year limitation period. The judges considered that the calculation of the period during which the forwarder was entitled to claim for a penalty should be calculated from the moment of filing a claim for the recovery of the main debt, in which case the period has long passed. However, the Supreme Court has rejected this position, pointing out that in this case, the special provision of the Law on Freight Forwarding Activities is not applicable. The Economic Board recalled that according to the Article 207 of the Civil Code of the Russian Federation,...

Modified: 08.16.2021
Supreme Court , determination , penalty , inclusion in the register of creditors’ claims , statue of limitation , period , court , bankruptcy
Path: РусБанкрот - СМИ
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