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Supreme Court of Russia indicated what the courts should take into account when including debts in the register of creditors’ claims

The highest court considered the case on the complaint of one of the debtor's creditors, who expressed disagreement with the position of the lower instances. The judges consistently satisfied another creditor's claim to have the debt owed to him included in the register of creditors’ claims, despite the applicant's objections....

Supreme Court of Russia resolved the issue of downgrading the claims of an affiliated creditor

The Economic Board considered the complaint of the debtor and the tax authority against the decisions of the courts of appeal and the district, by which the claims of the creditor affiliated with the debtor were included in the register of creditors’ claims. The applicants considered that the debt should be subordinated, as the judge at first instance considered. The Supreme Court of Russia put an end to the matter with ...

DISTRICT COURT PUT AN END TO THE CASE ON SUBORTINATION OF CREDITORS’ CLAIMS

The case on subordination of the creditor's claims within the framework of the bankruptcy process was referred to the arbitration court. The court of the first instance saw no grounds for this, but the appeal court took the opposite position. The district court put an end to the case....

Supreme Court of the Russian Federation clarified what cannot be considered compensatory financing

The highest court considered the case, one of the creditors in which filed the claims for inclusion in the register of creditors’ claims. The two first instances supported it, and the district court downgraded the debt in the registry, citing affiliation and, as a result, compensatory funding. The ...

Supreme Court of Russia puts an end to the case on the subordination of the restitution claim

The case was considered by the highest court at the request of the debtor, who was dissatisfied with the decisions of the lower courts. The claims for the inclusion of a restitution claim in the register of creditors’ claims, filed by one of the creditors, were subordinated by the first instance, but the court of appeal and the district court cancelled the order. Having considered the issue, the Supreme Court of the Russian Federation supported the position ...

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