On the bankruptcy. The tax authority now must estimate the economic feasibility of a bankruptcy procedure before appealing to a court.

The Constitutional Court of the Russian Federation has obliged a tax authority to check the relevancy of the claim to recognize a debtor as a bankrupt in terms of prospects and economic feasibility of initiating such dispute.

Filed under:
Russia, Insolvency & Restructuring, Litigation, Tax, GRATA International
Authors:
Vladimir Komarov
Location:
Russia
Firm:
GRATA International