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THE SUPREME COURT WILL CONSIDER THE ISSUE OF VIOLATION OF THE RIGHTS OF BANKRUPT PARTICIPANTS BY THE SETTLEMENT AGREEMENT

In the framework of the bankruptcy case (No. A32-26161/19), the court approved a settlement agreement between the debtor and his creditors. In accordance with the agreement, the debtor undertook to repay the claims of part of the creditors at the expense of cash, and to repay the claims of the remaining part of the creditors — to ...

THE SETTLEMENT AGREEMENT STOPPED THE BANKRUPTCY OF THE PULP AND PAPER MILL

... representatives of the tax authorities who initiated the case in April 2023. During the period of court proceedings, claims from the Federal Tax Service No. 13 increased from 72 million to 96.3 million rubles, Kommersant writes. Under the terms of the settlement agreement approved by the arbitration court, the plant promised to close the debt to the Federal Tax Service within a year. April 2023 was a particularly difficult month for the Turin Pulp and Paper Mill. A dozen applications were submitted ...

THE SUPREME COURT ASSESSED THE DISCOUNT IN THE SETTLEMENT AGREEMENT, TAKING INTO ACCOUNT THE BANKRUPTCY OF ONE OF THE PARTIES

The Supreme Court considered a complaint in the case of challenging the settlement agreement (No. A56-3724/20). As part of the dispute over the recovery of debts under the lease agreement and losses, the parties concluded a settlement agreement, under which the plaintiff waived part of the claims against the defendant, the ...

THE SETTLEMENT AGREEMENT SAVED THE "CAVIAR KING" OF KAMCHATKA FROM BANKRUPTCY

... checking the business by the structures of the Federal Tax Service, it turned out that the debt of the "caviar king" to the budget of the Russian Federation amounted to about 1.6 billion rubles. However, the businessman was offered to conclude a settlement agreement and pay all the money voluntarily. For the first time, the entrepreneur, who was in no hurry to get on the pages of glossy magazines, was noticed by Forbes journalists. The reason for the increased attention of the press was the ...

Supreme Court Of Russia resolved the issue of challenging the settlement agreement in bankruptcy

The case was referred to the highest court on the complaint of a bankruptcy trustee, who was not satisfied with the ruling issued by the district court. By this ruling, the board canceled settlement agreement concluded in the bankruptcy procedure and indicated that it could violate the rights of a third party. The initiator of challenging the deal between the debtor and creditors was an individual who allegedly acquired a land plot from ...

"BALTIKA" AND CARLSBERG WENT TO THE SETTLEMENT ON THE CLAIM OF 90 BILLION

The settlement agreement between the Baltika brewing company and the Danish Carlsberg Group (including its "daughters") was approved by arbitration in St. Petersburg. The lawsuit concerned the recovery of losses from a foreign concern in ...

THE LAW ON MEDIATION WAS DISCUSSED IN THE STATE DUMA

The LDPR faction held a round table in the State Duma on amendments to the Law on Mediation (193-FZ). The trade union community, together with the Ministry of Justice and representatives of the party, discussed, among other things, the creation of a unified register of mediators and a code of ethics, as well as educational requirements. The professional community has been discussing the need for changes to the law for a long time. The main issues that cause heated discussions among mediators are...

MOST RUSSIANS INITIATE BANKRUPTCY ON THE ADVICE OF BORROWERS

... Settlement division of Sberbank, emphasizes that almost every debtor has the opportunity to get out of debt without going through the insolvency procedure. Experts remind that it is possible to settle debts through obtaining credit holidays, concluding a settlement agreement or restructuring.

The court approved a settlement between Lefkadia Wines and the ex-owner

On August 7, 2024, the Kuban Arbitration Court (AS CC) legalized the settlement agreement concluded by Lefkadia Wines with the ex-owner of the company Mikhail Nikolaev. The organization undertook to repay the obligation for 785 million rubles within 30 days (case no. A32-1862/2014). According to the approved document,...

EXECUTIVE IMMUNITY EXTENDED TO MORTGAGE HOUSING OF A BANKRUPT

... President Vladimir Putin. Due to changes in the law, a third party will be able to give the debtor a loan without interest to repay the mortgage. Earlier, this required first dealing with all the requirements included in the debtor's register. Also, a settlement agreement may be concluded between a citizen and a creditor whose claims are secured by a mortgage. This does not require the approval of other creditors. The new law will take effect 30 days after its official publication.

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