Exclusion of "artificial" debt from the register of creditors ' claims

CLIENT: ALFA-BANK JSC
opponent: Forum Invest Group of Companies

Dispute

Exclusion of "artificial" debt from the register of creditors ' claims

Details

The court of First Instance recovered 2.5 billion rubles from companies that are members of the Forum Invest Group of Companies and have outstanding obligations to ALFA-BANK JSC under guarantee agreements. The lawyers of the Bureau prepared an appeal, which stated that ALFA-BANK JSC was not involved as a third party and presented arguments indicating the "artificial" nature of this debt, created for the sole purpose of harming the Bank as a creditor of the defendants who were declared bankrupt.

Summary

As a result of a properly structured legal position lawyers of the Bureau, the court of appeal reversed the decision of the court of first instance and terminated the proceedings in the case.