VERBA LEGAL Partner Artem Rubanov spoke at the annual Forbes Federal Legal Forum

The bankruptcy law has been seeking the ways to counteract concealment of assets by use of figureheads over the years. In prevention of this phenomena, the Supreme Court has elaborated the concepts of asset holder, fictitious owner, concealment of the transaction parties. This phenomenon is based on Strohmann theory, which means a “straw man” in German legal doctrine.

VERBA LEGAL Partner Artem Rubanov spoke at the annual Forbes Federal Legal Forum

The bankruptcy law has been seeking the ways to counteract concealment of assets by use of figureheads over the years. In prevention of this phenomena, the Supreme Court has elaborated the concepts of asset holder, fictitious owner, concealment of the transaction parties. This phenomenon is based on Strohmann theory, which means a “straw man” in German legal doctrine.

Federal Legal Forum is an annual Forbes conference for legal community held to discuss the trends and development in economy, law and regulation, foreign and domestic policy of Russia significantly affecting the Russian legal market environment, landmark cases and trials.

VERBA Legal Partner Artem Rubanov attended the bankruptcy session. 

The bankruptcy law has been seeking the ways to counteract concealment of assets by use of figureheads over the years. In prevention of this phenomena, the Supreme Court has elaborated the concepts of asset holder, fictitious owner, concealment of the transaction parties. This phenomenon is based on Strohmann theory, which means a “straw man” in German legal doctrine. 

During the session, representatives of leading law firms discussed the relevant issues they deal with in bankruptcy cases: 

What tools are really efficient in countering asset holding by unauthorised persons? What property recovery methods are inefficient and cause other legal and economic issues?