Abstract
The article concerns the current judicial practice by applying the provisions on damages in the bank resolution by The Bank of Russia (par. 2 of clause 5 of The Bankruptcy Act, entered into force on the 8’June, 2018). This rule attracted the attention of researchers from the very beginning due to its specificity: the losses have been called untypical since their amount is determined in advance by law. Now the courts reject to apply these provisions with reference to the absence of retroactive force; in other situation the court has required to examine the circumstances of the case more thoroughly. Analysis of the norm shows that it doesn’t comply with the general provisions of the Russian Civil Law and is unlikely to be successfully applied at all. Herewith The Bank of Russia could use another legal means to achieve the goal of compensation for losses.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: Courier of Kutafin Moscow State Law University (MSAL))
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.