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The Legal Regime of Basic Multiplicities in Bankruptcy Proceedings

https://doi.org/10.17803/1729-5920.2021.180.11.017-029

Abstract

The paper substantiates the position that the entrepreneurial market is no longer a collection of individual participants one way or another interacting with each other through voluntary communication "clothed" in a legal form, but a potentially interdependent network, the presence of which is found in the conditions of a property crisis of one of its elements. In this vein, the bankruptcy procedure is an arena for the collision of multidirectional interests of multiplicities discovered in this process, the most important of which are the unions of the meeting of creditors. They engage persons included, together with the debtor, in a corporate group, qualified by the author as multiplicities of simple partnerships. These partnerships have a specific purpose, they arise at the moment of capital pooling (initiated by a corporate group) or objective bankruptcy (initiated by independent creditors), they are endowed with a certain amount of powers within the framework of the bankruptcy procedure with due regard to the specifics of their status and they cease to exist at the moment of an actual achievement of the set goal, which is not always connected with the termination of the trial. A feature of the studied varieties of a simple partnership is the predominant involuntary association of its participants when they are forced to interact with each other due to the insolvency of their counterparty. The uniqueness of this type of a partnership is manifested, among other things, in the form of a contribution to such a partnership, since, entering into civil law relations at the time of the objective solvency of the future debtor, his counterparties do not realize that their reciprocal contribution under the obligation is nothing more than "contribution" to the property (potentially bankruptcy) assets of the future partnership that arises at the time of actual bankruptcy of the person with whom they enter into a legal relationship. In addition, the author demonstartes the need to clarify the legal nature of this type of partnership, of which the debtor and related persons are members, in order to prevent the latter from participating in the bankruptcy process along with the debtor's independent creditors.

About the Author

D. O. Osmanova
Kutafin Moscow State Law University (MSAL)
Russian Federation

Diana O. Osmanova - Cand. Sci. (Law), Lecturer, Department of Civil Law, MSAL.

Ul. Sadovaya-Kudrinskaya, d. 9, Moscow



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Review

For citations:


Osmanova D.O. The Legal Regime of Basic Multiplicities in Bankruptcy Proceedings. Lex Russica. 2021;74(11):17-29. (In Russ.) https://doi.org/10.17803/1729-5920.2021.180.11.017-029

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ISSN 1729-5920 (Print)
ISSN 2686-7869 (Online)