WINDING-UP PROCEDURE:
COMMENT ON KEY ISSUES
A.V. EGOROV,
Candidate of Legal Sciences,
Chief Editor of the Journal of the Russian School of Private Law,
Education Program Manager at the Lextorium.com
DOI: 10.24031/1992-2043-2019-19-1-114-139
The article contains general information about the winding-up procedure under the
current Russian bankruptcy legislation in accordance with the aims of this procedure
that is collection of the debtor’s assets and their fair distribution among creditors. The
author considers the consequences of commencement of the winding-up, the term of
the relevant procedure, the procedure for the sale of the insolvent debtor’s assets, and
also examines the key views of the Supreme Court, aimed at overcoming abuses at sale
during the bankruptcy proceedings. The core issues of priority of creditors’ claims relief
(with a special focus on the claims of secured creditors), including aspects of claims
settlement by a third party, are also considered.
Keywords: bankruptcy; winding-up; consequences of commencement of winding-up;
term of winding-up procedure; sale; abuses at sale; employees’ claims; capitalization of
time-based payments; secured creditors; settlement of claims by a third party.
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Information about the author
Egorov A.V. (Moscow) – Candidate of Legal Sciences, Chief Editor of the Journal
of the Russian School of Private Law, Education Program Manager at the Lextorium.
com (105005, Moscow, Denisovsky Per., 23, Bldg. 6, Room 16; e-mail: law_
egorov@rambler.ru).