Search

SHAM DEALS IN BANKRUPTCY: WHAT IS NECESSARY TO CONSIDER WHEN CHALLENGING THEM

The Supreme Court of the Russian Federation has recently considered a case on challenging the supply agreement, which the bankruptcy manager of the debtor demanded to be recognized as a sham transaction. According to manager, the parties to the agreement had no intention of generating real legal consequences, but pursued only the goal of creating additional fictitious debt. The court of the first instance agreed with this position and satisfied the claim. However, the higher courts considered the...

Sorted by relevance | Sort by date