Moscow Arbitration court recognized transactions fictitious
Moscow Arbitration court agreed with the position of YUKO lawyers and recognized the lease agreements between the Debtor and third-party organization as fictitious (void). These agreements were signed with the affiliated company, belonging to the one group of companies, without the agreement of the pledge holder. In fact, this company was a transit link created to obtain an external legal basis for the withdrawal of income from the use of the property out of control of the pledge holder and bankruptcy trustee.
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