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Supreme Court of Russia resolved the issue of initiating bankruptcy due to deed of assignment

... the fact that the applicant himself did not have the status of a credit institution, he had the right to initiate bankruptcy without a judicial act. The thing is that under an assignment agreement, the assignee accepts the amount of rights that the assignor himself has under the agreement from the assignor. Thus, if the original contract on which the claimant based his claims did not need to prolong the debt in order to file for insolvency, then the same procedure should be applied when transferring ...

Modified: 01.20.2022
bankruptcy , Supreme Court of the Russian Federation , assignment agreement , loan agreement , assignor , assignee
Path: РусБанкрот - СМИ
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