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Compensation for Release from Obligations in Bankruptcy Cases
Amendments introduced to the Law on Bankruptcy are intended to normalize the procedure for satisfying creditors’ claims by providing a compensation for release from obligations. In particular, the legislator has set limitations on the possibility to enter into such agreement, established the procedure for transfer of a property serving as said compensation, regulated property transfer to several creditors, and entering into a compensation agreement if the creditor’s claims are subject to satisfaction only in cash.
19 December 2016
Business law related disputes and insolvencies
Another review of court practice of the Supreme Court of the Russian Federation is rich in explanations concerning resolution of business law related disputes and insolvency (bankruptcy) cases. Yuriy Sbitnev, a partner of Exiora Law Firm, provides an insightful commentary on the most relevant of them for the Lawyer-Online publication.
21 November 2016
Foreign Business Within Russian Laws
Despite Western sanctions imposed on Russia, foreing companies continue to successfully do business in Russia. How does foreign business community operate within Russian laws? How often do foreign clients engage legal consultants?
12 October 2016
Construction Contract Related Risks and Disputes
Traditionally, construction related disputes have formed the bulk of cases heard by Russian courts. Such disputes primarily concern payment for works performed by the contractor, the customer’s claims as to the quality of the works or performance dates.
03 October 2016
Means of Protecting Violated Rights
Defense of civil rights is of fundamental importance in any jurisdiction. Over the last 10 years, considerable efforts have been undertaken in Russia to raise the efficiency of judicial means of defense, ensure transparency and openness of the Russian justice system. Skillfully applying remedies available for defense of violated rights and knowing specifics of how substantive and procedural law work may significantly increase your chances of their being fully and timely restored.
22 September 2016
New positions of the Supreme Court of Russia in the area of bankruptcy law
The panel of judges on commercial disputes with the Supreme Court of Russia quite often deals with issues related to application of bankruptcy (insolvency) laws. Recently, the panel has adopted a whole range of judicial acts on intriguing cases notable in the sense that in them such categories as good faith, reasonableness and expedience were specifically highlighted.
20 September 2016
Ensuring information security in a law firm
For the legal profession, confidentiality is at the heart of business, and scaldals related to leaking confidential information often cause far-reaching undesirable consequences. What is to be taken into consideration in order to protect the confidentiality of your business?
12 September 2016
Is there a Uber future to legal services?
Uberization as a trend of today’s economy penetrating a growing number of businesses. Does it have a future on the market of legal services as well?
25 August 2016
Employment and family law
Comments to the Review of Court Practice by the Supreme Court of Russia No. 2 (2016) covering employment and family law related disputes.
15 August 2016
Contractor declared bankrupt. Will customer have to pay back guarantee withholdings?
The so called guarantee withholdings are common means of securing the obligations of the contractor involved in performance of construction works to the customer. What happens to the amount withheld if either party goes bankrupt?
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