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Controlling party of the debtor


The controlling party of the debtor is a physical or legal entity that has had or has within three years prior to the emergence of bankruptcy indicators, as well as after their emergence until the arbitration court accepts an application for the recognition of the debtor as bankrupt, the right to issue instructions binding on the debtor or the possibility otherwise to determine the actions of the debtor, including the conclusion of transactions and determination of their terms1.

  1. Federal Law No. 127-FZ of October 26, 2002 "On Insolvency (Bankruptcy)", as amended on May 29, 2019, Article 61.10, paragraph 1 // Official Gazette of the Russian Federation. 2002. No. 43. Item 4190. ↩

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