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The Supreme Court of the Russian Federation stood up for a bona fide client of a bankrupt bank

The Highest court considered the case on the complaint of a citizen whose bank transaction was declared invalid in three instances. The courts agreed with the trustee's arguments and considered the operation to be a transaction with unfair preference, but the Supreme Court of the Russian Federation did not share this position. The situation took place around one of the bank's clients, who, a few weeks before the license was revoked from a credit institution, deposited funds into his account, after...

Russian dairy plants are on the verge of bankruptcy

The federal ministries have prepared information on the economic state of the dairy industry. The task related to the analysis of milk production and processing in the country was carried out on behalf of the Government. As a result, experts from the Ministry of Agriculture and the Ministry of Economic Development made a conclusion that without state support, the industry might ...

SBERBANK LAUNCHED BANKRUPTCY PROCEEDINGS AGAINST ASHATLI DAIRY HOLDING

..., which made it possible to change the schedule of payments on existing debt. It is known that about 40% of the debt (220 million) was successfully repaid by the agricultural holding. But the changed market situation played a negative role here. Raw milk dropped in value and loan servicing by the end of last year proved to be problematic. Along with Sberbank, a lawsuit has been recently filed against the Agrosepich by the Cyprus Investment company. Previously, its beneficiaries were the founders ...

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