Debtor vs Creditor: how to reduce the penalty under Article 333 of the Russian Civil Code or prevent having to pay it

Yuriy Sbitnev, Partner, Exiora Law Firm, comments on the practice of application by courts of Article 333 of the Russian Civil Code. On what arguments are to be raised by each of the debtor and creditor and what penalty rates may be reduced, read in a specially drafted article posted on Pravo.ru