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

... contain provisions according to which the affiliation of the debtor and the creditor is an independent basis for downgrading the claims of the latter outside the framework of corporate obligations. One of the reasons for the lowering of claims due to compensatory financing is an attempt to hide the financial instability of the debtor from creditors, which cannot be done within the framework of an already initiated insolvency case, the board concluded. Therefore, such actions cannot be regarded as ...

Modified: 04.05.2022
Supreme Court of the Russian Federation , definition , compensatory financing , subordination of claims , debtor , creditor , bankruptcy , bankruptcy of legal entities
Path: РусБанкрот - СМИ
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