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Supreme Court of Russia specified when the FAS cannot intervene in bankruptcy auctions

The Supreme Court of Russia considered a case in which one of the potential buyers of the debtor's property made a decision to complain to the Federal Antimonopoly Service. The applicant was not satisfied with the fact that the bankruptcy trustee did not ...

SUPREME COURT OF RUSSIA: WHAT ARE THE ACTIONS OF CREDITOR IN THE EVENT OF TERMINATION OF THE AGREEMENT WITH BANKRUPT

... creditors’ claims. Moreover, the judges considered that after receiving the car, the debtor's manager would be able to sell it and settle accounts with creditors, including the failed buyer of the car. However, this position was not supported by the Supreme Court of Russia. The Economic Board recalled that the termination of the agreement does not provoke the reverse transfer of ownership of the disputed item. This is possible only after restitution, when the buyer returns the goods and the seller ...

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