The Supreme Court of the Russian Federation adopted on 24 December 2020 Judgment No. 45 “On Certain Issues of the
Resolution of Suretyship Disputes” (hereinafter the “Judgment”). The provisions of the Judgment repeat to a large extent the
clarifications of Judgment No. 42 of the Plenum of the Supreme Commercial Court of the Russian Federation dated 12 July 2012
“On Certain Issues of the Resolution of Disputes Related to Suretyship”, but also contains new clarifications that we advise you to consider during the conclusion, execution and termination of a suretyship.