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THE SUPREME COURT OF RUSSIA CLARIFIED THE LIMITS OF MORATORIUM ON INITIATION OF BANKRUPTCY PROCEEDINGS

... bankruptcy, the main Classifier of Types of Economic Activity is taken into account, which in the case under consideration was included in the government list. The company countered by the fact that the main activity was actually trade, to which the Supreme Court reasonably noted that in this case, the changes should have been made to the Russian National Classifier of Types of Economic Activity as well. The result of the consideration of the dispute was cancellation of two rulings and the initiation of a bankruptcy dispute ( decision No. 305-ES20-22243 of April 15, 2021).

THE SUPREME COURT DIVIDED PASSIVE BEHAVIOR OF CREDITORS AND RESPONSIBILITY OF A MANAGER

The Supreme Court considered the case on the complaint of creditors against the action (inaction) of the bankruptcy manager. Over a long period of bankruptcy proceedings, the crisis manager did not take measures to terminate the contract that was unfavorable ...

THE SUPREME COURT OF RUSSIA DID NOT ALLOW THE WITHDRAWAL OF THE DEBTOR'S ASSETS IN BANKRUPTCY

... particular, the withdrawal of the debtor's assets just before the bankruptcy. Having established a connection between the participants in legal relations, and also recalling that the price of real estate was still different from the market price, the Supreme Court of Russia canceled the decisions made by the lower courts (ruling in case No. 308-ES18-14832 (3.4) of December 28, 2020).

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