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THE SUPREME COURT OF THE RUSSIAN FEDERATION WILL CONSIDER A DISPUTE ON THE RECOVERY OF LOSSES CAUSED DURING A CONTROLLED BANKRUPTCY

... Code of the Russian Federation on damage and recovery of losses. Thus, already in the transfer definition, the approach of the Supreme Court of the Russian Federation is visible, which makes it possible to equate with the heads of persons who formally do not manage the debtor's activities, but whose actions within the framework of controlled bankruptcy cause losses both to the debtor himself and his creditors.

Modified: 10.14.2022
bankruptcy , court , supreme court , losses
Path: РусБанкрот - СМИ

SUPREME COURT: THE INSURANCE COMPANY IS RESPONSIBLE FOR THE BANK'S LOSSES, NOT THE BORROWER

... Taking into account the circumstances of the case related to the delay in the payment of compensation by the insurer, the courts indicated that the debtor would subsequently be able to file a claim for damages to the insurance company. However, the Supreme Court of the Russian Federation did not agree with the arguments of the lower courts. He recalled that it is the insurance company that should be responsible for losses due to late payment of the loan repayment. The debtor is not responsible for improper performance by the insurer of its obligations under the insurance contract, where the beneficiary is the bank. Since the legal dispute between the insurance company ...

Modified: 07.24.2023
bankrupt , bankruptcy , Supreme Court , supreme court , bank , insurance company , losses
Path: РусБанкрот - СМИ
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