Anna Grishchenkova, FBK Legal's corporate and M&A practice manager on the subject of Suretyship contracts
In her interview to RBK daily FBK Legal’s corporate and M&A practice manager Anna Grishchenkova commented upon the decision adopted by the Presidium of the Superior Arbitration Court (SAC), according to which a contract of suretyship remains valid even having nothing but the reference to the details of the credit agreement.
Anna believes that by adopting this decision the SAC aimed at protecting interests of creditors and preventing the surety from arbitrary repudiation.
"The SAC has repeatedly declared unacceptable invalidation of contracts based on formal grounds and aimed at evasion of liabilities or payments of debts", - stressed Anna.
