The Financial club. The Bankruptcy of Non-Credit Financial Institutions. Need for Reform
Maksim Bashkatov
Lecturer of the Civil Law Department, Lomonosov Moscow State University of Faculty of Law, Master of Law
Oleg Zaitsev
Founder – Chairman, National Association of Specialists in Bankruptcy and Distressed Assets Management 'Bankruptcy Club'
Rustem Miftakhutdinov
Ph.D. in Law, Associate Professor of the Department of Entrepreneurial and Corporate law, Kutafin Moscow State Law University
Evgeny Suvorov
Ph.D. in Law, Master of Law, State Counselor of Law of the 3rd Rank, lecturer, Department of Civil Law of Kutafin Moscow State Law University; Partner, “Synum ADV"
Ilya Eliseev
Consultant, Department for the Development of Legislative Initiatives, Department of Securities Market and Commodity Market, Bank of Russia
Video
The following questions were discussed at the meeting:
- The necessity of introduction of special regulation of the insolvency (bankruptcy) procedures of non-credit financial organizations (NFO) in the current Russian legislation;
- The necessity of the legal regulation of the rehabilitation of the NFO which meet the requirements of insolvency;
- Assessment of the introduction of a special creditors' register of claims on the transfer of securities;
- Preferences for lenders whose claims arose from certain financial instruments;
- Restriction of liquidation netting usage in derivative agreements in the NFO bankruptcy procedure.
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