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SUPREME COURT OF RUSSIA: CREDITOR MAY MISS THE STATUE OF LIMITATIONS OF PENALTY PAYMENT IN BANKRUPTCY

... forwarder filed a claim for the penalty for the delay in fulfilling the obligation to be included in the register of creditors’ claims as well. The lower courts rejected the claim. The reason for the position was the running of a one-year limitation period. The judges considered that the calculation of the period during which the forwarder was entitled to claim for a penalty should be calculated from the moment of filing a claim for the recovery of the main debt, in which case the period has long ...

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