January 24 Main results of the day

As part of the bankruptcy proceedure of the debtor company, the Principal managed to challenge the deal on the payment of dividends by the debtor to its CEO. This creates legal grounds for the subsequent holding of the general director to subsidiary liability, and will also increase the bankruptcy estate of the debtor. The Arbitration Court of the North-Western District upheld the decision of the Thirteenth Arbitration Court of Appeal to cancel the illegal ruling of the court of first instance on the refusal to satisfy the application to recognize the transaction for the payment of dividends as invalid. Lawyers of the Bureau of Lawyers “De jure” managed to confirm that dividends were paid by the debtor to an affiliated person when the company had signs of insolvency and insufficient funds, which were formed due to non-payment of mandatory payments to the budget and debts to counterparties. The interests of the Principal in the court of cassation were represented by Viktor Pokormyak, attorney of the Bureau of Lawyers “De jure, and Alexandra Reznichenko, the Bureau’s senior lawyer.