Publications
“Checking the financial condition of counterparties: what to look for”
In separate disputes on bankruptcy cases the question of what banks should check when concluding transactions with counterparties arises more often. This mainly relates to loan agreements and security transactions. As shown in the article by Alexandra Ulezko, Head of Bankruptcy Group of Kachkin & Partners, banks do not always carefully check the financial condition of counterparties. Provided that financial institutions have a special status and are subject to increased requirements, this behavior becomes the reason for losing in litigation.
The material was published in the journal «Legal work in a credit institution» No. 3 (61) / 2019
