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BEITEN BURKHARDT organized a business breakfast jointly with German Centre Moscow on the topic "Debt restructuring rules in Russia. Focus: how to protect creditors’ rights"
Moscow, 4 December 2019 – A business breakfast was held at the German Centre in Moscow on 4 December 2019, where Alexander Bezborodov, Anna Lesova, Natalia Bogdanova and Egor Repin (from BEITEN BURKHARDT) spoke in front of 35 participants on the topic "Debt restructuring rules in Russia. Focus: how to protect creditors’ rights".
The speakers focused on the following relevant issues:
1. Legal consequences of the existence of a debt under the law of the Russian Federation
- Right to suspend the performance of obligations arising from an Agreement
- Right to terminate an agreement in court or without recourse to the courts
- Right to pay contractual penalties
- Reimbursement of damages
- Tax consequences for the creditor
2. Debt restructuring methods
- Agreement on new payment terms and conditions
- Settlement Agreement
- Payment from a third party
- Security: suretyship, pledge, independent guarantee
- Amicable agreement in court proceedings
3. Debt restructuring inside a corporate group – tax aspects
- Specifics of debt restructuring inside a corporate group
- Debt restructuring inside international groups
4. Insolvency of a debtor
- Legal consequences of the commencement of bankruptcy proceedings
- Inclusion of claims in the creditor claims’ register
- Monetary claims and non-monetary claims
- Transformation of non-monetary claims into monetary Claims
- Register claims and current claims
5. Consequences of the commencement of bankruptcy proceedings for debt restructuring transactions
- Grounds and legal consequences of challenges of transactions in the event of a debtor’s insolvency
- Tax consequences for the creditor
The event was followed by a lively discussion, with the speakers answering questions of interest to the guests.
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BEITEN BURKHARDT organized a business breakfast jointly with German Centre Moscow on the topic Debt restructuring rules in Russia. Focus how to protect creditors’ rights.pdf |
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Experts
Alexander Bezborodov Rechtsanwalt, LL.M. Partner |
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Natalia Bogdanova Diplom-Juristin, Ph.D. Senior Associate |
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