Commentary by Ksenia Rif in LEGAL DIGEST on PRAVO.RU
Amendments have been published that clarify the information that must be posted in the Unified Federal Register of Bankruptcy Information in the event of bankruptcy of individuals.
Today the register must include data on claims made by creditors, applications for recognition of transactions as invalid, and judicial decisions on them.
Ksenia Rif, Counsel at Bankruptcy/ Insolvency Practice at Infralex, attorney, believes that the legislative amendment has two opposite sides.
“This measure will make it easier for creditors to track disputes and will allow them to quickly get involved in proceedings. At the same time, for arbitration managers, it means an increase in the workload and the risk of additional claims from parties to the case, including appeals against their actions or inaction,” Ksenia believes.