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LINKED TRANSACTIONS IN BANKRUPTCY WILL BE EASIER TO CHALLENGE

The Ministry of Economic Development and Trade proposed to amend the legislation on bankruptcy in order to simplify the procedure for challenging linked and potentially invalid transactions of the debtor. The initiative lies in the need to specify the conditions for challenging the chain of transactions in the insolvency law, by means of which the unscrupulous pre-bankrupts cover up the withdrawal of their assets. At the moment, the law does not prohibit ...

Modified: 09.24.2021
Ministry of Economic Development , initiative , bankruptcy , challenging transactions , sham transaction , debtor
Path: РусБанкрот - СМИ
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