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THE SUPREME COURT OF RUSSIA CLARIFIED THE CRITERIA OF BAD FAITH OF GUARANTEE GIVER IN BANKRUPTCY

... the bank's application for the inclusion of its claim in the register of the creditors’ claims. Financial claims against the debtor were based on a bank guarantee agreement, under which the applicant paid the amount established by the agreement instead ... ... execution of an agreement on a bank guarantee in this case cannot be a reason for downgrading the claims of the guarantor to the principal. At the same time, the Supreme Court also clarified the moment of debt qualification. The fact is that the bank's recourse ...

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