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The Plenum of the RF Supreme Court of Arbitration has adopted the Decree on certain questions concerning with satisfaction of demands of pledgee at pledger' bankruptcy


The Plenum of the RF Supreme Court of Arbitration has adopted the Decree on certain questions concerning with satisfaction of demands of pledgee at pledger' bankruptcy
2009-08-07 08:00

NEWS OF THE LEGAL PRACTICE

The Plenum of the RF Supreme Court of Arbitration has adopted the Decree on certain questions concerning with satisfaction of demands of pledgee at pledger' bankruptcy

In accordance with questions arisen in court practice concerning to satisfaction of demands of pledges in proceedings applied in cases about bankruptcy and in the purposes to secure unified approaches to application of according provisions of the Federal Act N 127-FZ "On insolvency (bankruptcy)" of October 26, 2002 (document is in Russian), the Plenum of the Supreme Court of Arbitration of the Russian Federation, be guided by article 13 of the Federal Constitutional Act "On court of arbitration of the Russian Federation" (document is in Russian), in the Decree N 58 of July 23, 2009 (document is in Russian), has given the explanations to courts of arbitration.

The Plenum of the Supreme Court of Arbitration of the Russian Federation has considered questions on fixation and inclusion to the registry of demands of competitive creditors, which are secured with pledge of debtor' ownership, on putting amendments to the registry of creditors demands, on the voting right of pledge creditors on meeting of creditors. So the Plenum of the RF Supreme Court of Arbitration has considered the procedure for sale of pledged ownership.

Besides the Plenum of the Supreme Court of Arbitration has given the explanations to courts at consideration of questions concerning to ascertaining the order of satisfaction of pledge creditors demands about application of provisions of the Act about bankruptcy in the wording of effecting before amendments of the federal acts N 296-FZ "On amendments to the Federal Act "On insolvency (bankruptcy)" of December 30, 2008 , N 306-FZ "On amendments to certain legislative acts of the Russian Federation in accordance with improvement of the order to recovery proceedings against pledged property" of December 30, 2008, N 73-FZ "On amendments to certain legislative acts of the Russian Federation" of April 28, 2009, N 195-FZ "On amendments to certain legislative acts of the Russian Federation" of July 19, 2009 (documents are in Russian).

The Plenum of the RF Supreme Court of Arbitration has adopted the Decree on certain questions of practice of application of the Federal Act "On enforcement proceedings" in the case of initiation of proceedings about bankruptcy
2009-08-07 08:00

NEWS OF THE LEGAL PRACTICE

The Plenum of the RF Supreme Court of Arbitration has adopted the Decree on certain questions of practice of application of the Federal Act "On enforcement proceedings" in the case of initiation of proceedings about bankruptcy

In accordance with questions arisen in court practice and in the purpose to secure unified approaches to their settlement, the Plenum of the Supreme Court of Arbitration of the Russian Federation, on the grounds of article 13 of the Federal Constitutional Act "On courts of arbitration in the Russian Federation" (document is in Russian), by the Decree N 59 of July 23, 2009 (document is in Russian), has given the explanations to courts of arbitration about questions of application of the Federal Act "On enforcement proceedings" (document is in Russian) in the case of initiation of proceedings about bankruptcy.

The Plenum of the RF Supreme Court of Arbitration has considered questions of application of clause 1 of article 63 and clause 1 of article 126 of the Federal Act "On insolvency (bankruptcy)" (document is in Russian). So there are considered disputes about application of sanctions to banks for improper made transactions on debtor' account, disputes about application of measures to secure creditors demands and debtor' interests. So the Plenum of the RF Supreme Court of Arbitration has specified that in accordance with part 1 of article 96 of the Act on enforcement proceedings at carrying out procedures of observance, financial rehabilitation or external management, execution of executive documents shall not be suspended under demands on collection of debt on salary, payment of remuneration to authors of intellectual activity results, on reclamation of property from unlawful possession by other persons, on compensation of harm made to life or health, compensation of moral harm, and on collection of debt on current payments.


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