Russian Supreme Court practice review: intra-group creditor claims in bankruptcy (equity creditors and equitable subordination)

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On 29 January 2020, the Presidium of the Russian Supreme Court (the Court) issued its review of judicial practice (the Review) on disputes involving creditor claims of entities that control and/or are otherwise affiliated with debtors in bankruptcy proceedings.

The Court outlined a number of key principles in the Review, which Russian courts are expected to follow in future bankruptcies.

Please see full Memo below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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