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22 March 2010

Understanding the Status and Protecting the Rights of Secured Creditors upon Bankruptcy

Magazine “Commercial Real Estate" (#6, 2010) published article by Law Synergy Managing Partner Andrey Savin dedicated to secured creditors upon bankruptcy.

Many Russian developers under the crisis cannot meet the obligations that they have assumed with regard to their loans, which oftentimes results in their insolvency. Banks were generally providing loans secured by collateral in the form of real estate facilities. Many of them having found themselves under technical or actual default, have become unable of honoring their debt obligations. What is lenders' response?

Read article (English / Russian ) at lawsynergy.ru (PDF) | CRE web-site




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