Deserve Better: Supreme Court Appreciably Awards Insolvency Practitioners
The work of insolvency practitioner in Russia can only be termed as churly. It is not only an expert opinion, but is also confirmed by the law enforcement practice.
More flexible and transparent mechanisms are needed to determine the cost of insolvency practitioners’ services
In the two cases tried by the Supreme Court, the insolvency practitioners were a success at significantly improving the debtors’ positions in the bankruptcy proceedings. However, all the lower courts considered that such a work should not be followed by an increased remuneration. The Supreme Court decided otherwise. Andrey Kolotenko, the firm’s partner, is quoted as commenting.
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