The Supreme Court of Russia has dismissed a petition filed by the representative of Yugra bank and refused to overturn a bankruptcy ruling against the financial organization, according to court records.
Procedure for Confirmation of a Bankruptcy manager under the Russian Bankruptcy Law
(Series publications about Russian Law Aspects of Insolvency)
Having received the arbitration court ruling on acceptance of the application for deeming the debtor bankrupt containing an indication of a bankruptcy manager nominee or the minutes of a meeting of creditors on selection of a bankruptcy manager nominee, the declared self-regulating organisation of bankruptcy managers in which the selected bankruptcy manager is member shall provide information to the arbitration court on the compliance of said nominee with the requirements envisaged by the Russian Bankruptcy Federal Law.