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Multimillion-dollar banking mistake: who should recover the lost millions?

The dispute between VTB Bank and U-Profit arose due to an error in crediting money to the wrong company's account. As a result of lengthy legal proceedings, the Court of Appeal satisfied U-Profit's requirements and indicated that the bank should have either transferred the funds to the correct account or refused to execute the order. Experts note the importance of correctly executing bank payment orders in order to avoid such disputes.

Pravo.ru
Corporate
law and M&A
Financial and banking law
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How can a company reduce risks when they require compensation for damage?

We studied the mistakes made by companies that led to the recovery of damage in recent years, and also analyzed the procedures for calculating and recovering damage that will help the company reduce risks.

Aktion Ecology
Environmental law
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The Ministry of Defense was obliged to conduct competitive purchases

A court in St. Petersburg ordered the Ministry of Defense to conduct competitive purchases after the Arbitration Court dismissed the claim of Federal State Unitary Enterprise GUSS against the St. Petersburg Department of the Federal Antimonopoly Service. Antimonopoly officials have found that the GUSS procurement regulations violate the law on protection of competition, given more than a dozen procurement grounds that restrict competition.

Business Petersburg
Construction and real estate
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The first tenders for the construction of PPP schools

Smolny plans to conclude five school concessions in 2023. The first tenders have already been announced; they have been initiated by Glavstroy-SPb and the Gazprombank structure.

Business Petersburg
Investment projects and PPP
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The legality of terminating the proceedings on a complaint against the actions of the manager: what will the Supreme Court decide?

“Smartavia” challenged the actions of the arbitration manager, demanding to recover 800,000 rubles from him for unreasonable expenses. Several courts rejected the airline's claims, arguing that it did not have the status of a bankruptcy creditor. The Supreme Court will hear the case on June 3, 2024. Tatyana Kolodkina believes that the courts reasonably did not suspend the proceedings, since there is no competition between the disputes under consideration, and the risk of making contradictory decisions is minimal.”

PRO bankruptcy
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law and M&A
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Incorporation
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law and M&A
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Digital
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