The Creditor Community in Insolvency (Bankruptcy) Legal Relations: The Experience of Russia and Foreign Countries
( Pp. 110-121)
More about authors
Diana P. Sogoian
postgraduate student of the Department of Entrepreneurial and Corporate Law
Kutafin Moscow State Law University
Moscow, Russian Federation
Kutafin Moscow State Law University
Moscow, Russian Federation
Abstract:
The current Russian legislation is characterized by the lack of a systematic approach to regulating relations between creditors in connection with their participation in a bankruptcy case. The main reason for this is that the creditor community is not granted the status of an independent entity within the framework of bankruptcy procedures. Determining the legal nature of this community, including the issue of its legal capacity, is a key condition for the formation of an effective system of legal regulation of insolvency (bankruptcy) relations. The purpose of the study is to determine the legal nature of the creditor community within the framework of bankruptcy procedures, analyze its characteristics and legal status, as well as substantiate the need to recognize its partial legal capacity for the formation of an effective system for regulating the interaction of creditors. The study is aimed at identifying systemic gaps in Russian legislation through a comparative analysis of domestic and foreign experience. Based on the results of the study, the author concludes that the creditor community has partial legal capacity, exercising its rights exclusively within the framework of insolvency (bankruptcy) legal relations. The subjectification of the creditor community as a bearer of common interests for all creditors entails the endowment of creditors, as participants in such a community, with a set of mutual obligations.
How to Cite:
Sogoian D. P. The Creditor Community in Insolvency (Bankruptcy) Legal Relations: The Experience of Russia and Foreign Countries // ECONOMIC PROBLEMS AND LEGAL PRACTICE. 2025. Vol. 21. № 1. P. 110-121. (in Russ.) DOI: 10.33693/2541-8025-2025-21-1-110-121. EDN: FNPHAI
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Budylin S. The case of the dominant creditor: when the creditor is responsible for the results of the bankrupt's commercial activities // Legal work in a credit institution. 2022. No. 4. pp. 41–55.
Goreva A.A. A common goal and making contributions as signs of a simple partnership agreement: dis. ... cand. jurid. nauk. Moscow, 2024. 187 p.
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Frolov I.V. Exclusion from the general rule of active plurality of persons in the bankruptcy case of a citizen // Law and business. 2021. No. 1. pp. 24–30.
Chikulaev R.V. Corporations and corporate financial instruments in Russian and foreign law // Bulletin of Perm University. Legal sciences. 2021. No. 2. pp. 285–220.
Shevchenko I.M. On the issue of the regime of the property estate of spouses (some reflections on the example of bankruptcy cases) // Law. 2023. № 4. pp. 118–127.
Shishmareva T.P. Digital technologies in insolvency (bankruptcy) proceedings // Business law. 2019. No. 3. pp. 50–55.
Abdou Toure. Le préjudice collectif des créanciers d’une procédure collective. Droit. Université Bourgogne Franche-Comté, 2023. Français. p. 494.
Dominique Owona-Atangana. Le sort des créanciers d’un débiteur en difficultés en droit OHADA à la lumière du droit français: l’égalité en question. Droit. Université Panthéon-Sorbonne—Paris I, 2021. Français. p. 400.
Priya Garg, Trusha Modi, Balapragatha M. Anusandhan. The need to improve governance standards for committee of creditors and resolution professionals to safeguard the goal of corporate rescue // Insolvency and Bankruptcy Board of India. 2022. P. 385–404.
Keywords:
legal personality; creditor community; partnership; legal entity, common interest..
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