Bankruptcy law
The Judicial Board on Economic Disputes of the Supreme Court of the Russian Federation summarized the practice of the Russian legislation, including legislation on bankruptcy. As part of such a generalization, the Supreme Court focused on the institution of subsidiary liability of the director of the debtor and controlling persons, pointing to procedural possibilities of creditors to challenge the settlement agreement, concluded in previous cases on bankruptcy, and outlined the range of persons, as well as determined the order of consideration of disputes regarding the terms for auctioning off the subject of the collateral.