SUBORDINATION OF CREDITOR CLAIMS: CURRENT ISSUES IN COURT PRACTICE
Subordination of claims in bankruptcy is to reduce the order of satisfaction of claims of affiliated persons and founders of the organization. In practice, this means that such persons will not receive satisfaction of their bankruptcy claims. However, there are exceptions to any rule.
On 22 April 2020, at a webinar organized with the support of the PRO.Obrazovanie Centre of the Moscow State Law Academy, Sergei Khukhorev, lawyer of the bankruptcy practice of INFRALEX, spoke about the current judicial practice on matters of subordination.
At the event, Sergei Khukhorev:
- Reviewed the regulation and key positions of the Supreme Court on issues of subordination.
- He voiced current trends of court practice on issues and statistics of 2020
- Gave recommendations to affiliated and independent creditors.
See the full version of the webinar below.