terminating the debtor's transactions and to its effective application through the prohibition (invalidity) of the bankruptcy … clause. The prohibition of the bankruptcy clause is based on two key arguments. First, the possibility for the insolvency … if the bankruptcy clause is valid. Second, due to the need to develop rehabilitation procedures, the prohibition of …

particular, guaranty) in bankruptcy: 1) a guarantor related to (affiliated with) the borrower (within the framework of coverage … relations) pays the principal debt and makes a claim to the borrower in the bankruptcy case by way of subrogation; 2) the … guarantor in the bankruptcy case. In the first case, the claims of the related (affiliated) person within the framework of …

that the reduction in priority discourages the attempts to reorganize the company outside the formal insolvency (bankruptcy …

concerning the special legal regulation of loans of participants in legal entities in bankruptcy. The author traces the main … provisions for legal entities' participants in bankruptcy; in what order should the claims of assignees who have acquired the … payments in the pre-bankruptcy period; what are the possible exceptions to the regime of subordination of loans of participants …

English Abstract: Regulatory approach in predicting bankruptcy is to compare the financial measure calculated to …