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The Supreme Court of Russia named the terms of simplified bankruptcy proceedings

The highest court of Russia considered the case at the request of the company, which acquired the rights of claim under a loan agreement with the bank. The assignee asked to declare insolvent the company, which also received the debt as part of the assignment of the right of claim, but the courts did not come to a consensus on the fate of the case. The first instance and the district court left the application filed by the assignor without consideration, citing the fact that there was unanswerable...

THE COURT REJECTED THE TRUSTEE’S CLAIM TO TRANSFER BANKRUPTCY PROCEDURE FROM SIMPLIFIED TO A GENERAL ONE

The Arbitration Court of the North Caucasian District considered the case on the complaint of the tax authority. The inspectorate, being a creditor in the framework of the insolvency case, challenged the decisions of the lower courts, which transferred the bankruptcy procedure from a simplified procedure to a general one at the request of the bankruptcy trustee. The fact was that the case was initiated by the tax authority, which applied to court to declare the company insolvent as part of the...

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