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Supreme Court of Russia determined the time period for consideration of claims on invalid transaction

The Economic Board considered the case on the inclusion of the debt of the bankrupt company to the buyer of a car into the register of creditors’ claims. The lower courts did not see any problems and satisfied the claim. However, the representatives of the Highest court expressed their disagreement with such a state of affairs. The question concerned the contract for the sale and purchase of a car, which was signed during a period of suspicion on conditions unfavorable for the debtor. The agreement...

Supreme Court of Russia supported the position of colleagues on the invalidity of a deed of gift

... debtor re-registered the apartment he owned to his own mother two years before the initiation of the insolvency case against him. The courts of the first and appeal instances considered that in such circumstances, the agreement should be recognized as an invalid transaction and the property should be returned to the bankruptcy estate, but this position was not supported by the district court. Its board noted that the debtor did not have the signs of insolvency at the time of the deed of gift. At the same ...

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