Differences between the Bankruptcy of Credit Institutions and the Bankruptcy of Other Financial Organizations

The differences between the bankruptcy of credit institutions and the bankruptcy of other financial organizations are examined from the perspective of the structure of the system of legal norms regulating these relations, the signs of bankruptcy, the legal status of the Central Bank of the Russian Federation in bankruptcy cases involving these organizations, the bankruptcy procedures applied, the impact of the results of appeals against decisions of the Central Bank of the Russian Federation on the bankruptcy case, measures to prevent bankruptcy, the appointment of Temporary Administrations and receivers, the procedural features of considering cases, and the specifics of conducting bankruptcy proceedings, as well as the observance of banking secrecy. Examples are also provided regarding the courts’ interpretation of the provisions of bankruptcy legislation.