clause. The prohibition of the bankruptcy clause is based on two key arguments. First, the possibility for the insolvency … clause on contract termination in the event of the initiation of insolvency proceedings against the buyer. The Supreme Court … of Germany concluded that such clauses are invalid, as they deprive the insolvency receiver of the right to choose …

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 … creditor under the principal liability (loan or credit) is related to (affiliated with) the guarantor and makes a claim to the …

that the reduction in priority discourages the attempts to reorganize the company outside the formal insolvency (bankruptcy … arguments in favor of subordination are the abuse of the limited liability principle, stimulation of an earlier opening of the …

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 …

(which includes financial performance and corporate governance quality) to predict bankruptcy of Russian enterprises …. On the basis of the analysis it was found that the greatest impact on the probability of bankruptcy is having external … of bankruptcy. Corporate governance less affected by the two previous latent variables, but its effect is also very …

of resolving disputes related to the establishment in bankruptcy procedures of the claims of the controlling debtor and …

insolvency proceedings. Author comes to conclusion, that the interests of genuine creditors objectively do not coincide with the …