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THE COURT FOUND THE PUNITIVE CONDITIONS OF THE BANK GUARANTEE LAWFUL

A state contract was concluded between the principal and the beneficiary to ensure the fulfillment of obligations, under which a bank guarantee was provided by the bank. The terms of the guarantee provided for the payment of remuneration by the principal, as well as a number of restrictive conditions (covenant), for violation of which the payment of additional remuneration was provided. Based on the fact that the principal violated the terms of the guarantee, the bank filed a claim for payment...

THE SUPREME COURT OF RUSSIA SUMMED UP THE RESULTS OF THE PURSUE OF SECONDARY LIABILITY ON THE DEBTOR’S CONTROLLERS

The Supreme Court has recently published a Review of Judicial Practice, which contains, among other things, a number of explanations of bankruptcy legislation. Some of the cases, to which the higher court has paid special attention, have already been previously covered by Rusbankrot. In particular, this ...

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