...

Russian courts sided with the government and borrowers in the issue of restructures …

no picture no picture
no picture

The Russian courts sided with the government and borrowers on the issue of restructuring of loans of companies from the industries affected by the pandemic. The Arbitration Court has already been obliged to restructure the loans of its borrowers in two cases in two cases.

In the first case, the company “TRK-KRASNIRSK”, which owns the June shopping center, was able to achieve interest and terms on the loan, in the second-the cinema of Cinema Park and the Film Formula. “The state in emergency situations and economic shocks takes measures to support business and the national economy,” the “Trust” says is also a state bank, therefore it is “fair” to demand from it the same measures to support organizations from the most affected industries. Thus, the court fully satisfied the claims of the borrowers to change the terms of the loan. Not a plus of Truste, there was a refusal to agree on a loan at 2% for the payment of salaries to employees – the president and the government accepted the relevant program, and the State Bank issued a refusal, unlike its equally state colleagues from Sberbank and VTB.

In recent years, a whole train of scandals has been stretching for the bank of non -core assets of Trust: bankruptcy of strategic enterprises and large taxpayers with an abnormal increase in reward to members of the Bank of the Bank. The decisions of arbitration courts have every chance of becoming the last Chinese warning before making the relevant personnel decisions regarding the management of the bank.

Advertisement

“ВЧК ОГПУ”