1. Introduction As in other jurisdictions, Russiaās insolvency legislation is based on the pari passu principle. However, this principle is subject to certain exceptions, speciļ¬cally with respect to shareholders and other non-armās length creditors, such as the controlling persons of an insolvent company (āAfļ¬liated Creditorsā). In practice, Afļ¬liated Creditors use other instruments (e.g. loans, intergroup supplies etc.) to have their claims listed in the creditorsā register of an insolvent company. First, this enables such creditors…
Author
Andrey Bogdanov
BrowsingAndrey Bogdanov is an associate in the Moscow office of Baker McKenzie. Andrey has experience in domestic/international litigation with a strong focus on insolvency and restructuring disputes, cross-border insolvencies and asset tracing matters.
The Legal 500 has recognized Andrey as a key lawyer in restructuring and insolvency disputes and in domestic litigation.