FBK Legal at Bankruptcy Conference
Alena Ermolenko, FBK Legal’s Head of Practice, has participated in a conference titled “Bankruptcy 2022: Year-End Results”, which was organised by the Kommersant Publishing House. The conference aimed to reconsider and reinvent bankruptcy tools and practices in the changed environment.
Alena Ermolenko spoke about transaction challenging in bankruptcy proceedings, in particular transactions not related to asset withdrawal, i.e. challenging by the bankruptcy trustee of supplementary agreements occurring in the suspect period and relating to contracts concluded in the ordinary course of business. She cited several real-life examples and analysed circumstances that the courts accepted as proof of economic viability of such supplementary agreements.