Energy debts of a bankrupt: payment out of turn / Commentary / Energy and industry of Russia

When paying current payments to an organization undergoing bankruptcy proceedings, energy workers can achieve priority satisfaction of claims. The Russian Supreme Court has indicated criteria when this is possible. The Supreme Court did so when resolving a dispute between AtomEnergoSbyt JSC (a guaranteed energy supplier) and the bankruptcy trustee of TrikVol LLC.

Kseniya Malmygina, an Associate in the Transactions & Corporate Law Practice at Nordic Star, told the “Energy and Industry of Russia” portal what the courts are guided by in disputes about the extraordinary repayment of debts to energy supply organizations in bankruptcy.

To read full article (in Russian)

Kseniya Malmygina

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