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Supreme Court of Russia indicated what should not be done when changing a bankruptcy trustee

... rights of the parties and deprived them of any opportunity to influence the outcome of the case. After that, the issue had been considered by the court of appeal and the district court, and the new trustee appointed by the court repeatedly appointed a meeting of creditors and cancelled later. As a result, by the time the complaint was considered in the district court, the meeting had not taken place, and the panel of judges made the creditors guilty of this. The Supreme Court of the Russian Federation ...

DISTRICT COURT POINTED OUT THE RIGHT OF CREDITORS TO ELECT A TRUSTEE

... came to the conclusion about the election of a bankruptcy trustee, having submitted the minutes of the meeting to the court. However, due to the protracted procedure of consideration, by the time the court ruling was issued, the decisions made at the meeting of creditors were invalidated due to a number of procedural violations. Then one of the creditors asked the court to postpone the court hearing to re-hold the meeting and elect a manager at it. However, the court rejected the petition and pointed ...

ONE SHOULD NOT CHANGE HORSES IN MIDSTREAM: THE COURT REVERSED THE DECISION OF THE APPEAL TO CHANGE THE BANKRUPTCY MANAGER

... position, indicating that the change of the manager in the bankruptcy case takes place taking into account the opinion of creditors in the situation of a change in the bankruptcy procedure, as well as upon the removal or dismissal of the manager. At the meeting of creditors, the latter decided not to proceed to the next bankruptcy procedure - the sale of the debtor's property, but saw it possible to approve the restructuring plan, which means that the procedure remained the same for which the current ...

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