New horizons of subordination: current liabilities of the debtor. Commentary by Konstantin Bogoroditsky for Pravo.Ru

New horizons of subordination: current liabilities of the debtor. Commentary by Konstantin Bogoroditsky for Pravo.Ru

Last 2020, the Supreme Court of the Russian Federation issued a long-awaited Review for the "bankrupt" community on the subordination of creditors' claims, and in 2021 for the first time expressed its position on the subordination of claims to a bankrupt individuals. However, now there is another uncertainty regarding the validity and necessity of subordination of the debtor's current liabilities, which, most likely, will also require the intervention of the Supreme Court of the Russian Federation. Konstantin Bogoroditsky, a leading expert of the Distressed Assets Management Center, spoke in detail about the subordination of creditors' claims.
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©ЦРПА - 22.09.2021