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MOST RUSSIANS INITIATE BANKRUPTCY ON THE ADVICE OF BORROWERS

... overdue debts. A significant part of borrowers recommends that citizens go through bankruptcy proceedings, often aggravating the borrower's situation, said Anastasia Lyapunova... ... 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... ... that it is possible to settle debts through obtaining credit holidays, concluding a settlement agreement or restructuring.

The court approved a settlement between Lefkadia Wines and the ex-owner

On August 7, 2024, the Kuban Arbitration Court (AS CC) legalized the settlement agreement concluded by Lefkadia Wines with the ex-owner of the company Mikhail Nikolaev. The organization undertook ... ... not listen to his claims. The regional Ministry of Economy and the Service Project company also opposed the completion of the bankruptcy of the company. The company owed them 2 million and 256 million rubles, respectively. But the arbitration did not consider ...

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: ...

"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") ... ... partner in Baltika was considered a violation of justice and filed a lawsuit with arbitration. At the end of last year, the court found Carlsberg's actions illegal. The arbitration obliged the concern to comply with the terms of the license agreements....

EXECUTIVE IMMUNITY EXTENDED TO MORTGAGE HOUSING OF A BANKRUPT

... President Vladimir Putin. Due to changes in the law, a third party will be able to give the debtor a loan without interest to repay the mortgage. Earlier, this required first dealing with all the requirements included in the debtor's register. Also, a settlement agreement may be concluded between a citizen and a creditor whose claims are secured by a mortgage. This does not require the approval of other creditors. The new law will take effect 30 days after its official publication.

38 MILLION INSTEAD OF 3.8 BILLION: CROCUS INTERNATIONAL HAS AGREED WITH AVTODOR

... the improper fulfillment of obligations under the DIS (long-term investment agreement). On February 9, 2024, the arbitration court issued a ruling on the termination of judicial proceedings in the case (No. A40-150421/2023). The resolution was announced ... ... was initiated by the state-owned company in July 2023. The initial amount of the claim was more than 3.89 billion. Thus, the settlement agreement was concluded on the terms of payment of 1% of the initial claims. In 2014, Crocus International signed an ...

WHEN APPROVING A HOUSING AGREEMENT, THE INTERESTS OF THE BANK MUST BE TAKEN INTO ACCOUNT

As part of the bankruptcy case of a citizen (No. A68-9881/21), the debtor filed an application for exclusion from the bankruptcy estate of a single dwelling. The court of first instance terminated the proceedings on the dispute and approved a settlement agreement on the establishment of the order of priority of payments on the loan (the disputed apartment was purchased at the expense of credit funds). The bank filed a cassation appeal against the ruling, following consideration of the complaint,...

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