M&S Lawyers Dispute Payments of Salary by Insolvent Debtor to the Former CEO of the Insolvent Debtor
What the Case Involved: Our client initiated insolvency proceedings against its debtor – a Russian limited liability company. Within the insolvency proceedings Marks&Sokolov on behalf of insolvency trustee filed claim on invalidation of payments made by the insolvent LLC to its former CEO as alleged salary .
Result: The Court satisfied the claim in full, issued judgment on invalidation of the disputed payments and ordered former CEO to return to insolvent LLC the amount of $73,000 .
Sergey Sokolov and Grigory Galkin served as lead trial counsel.
Moscow Commercial Court, Russian Federation