In the next Monday, the attention of all Russian lawyers and participants is financial …

In the next Monday, the attention of all Russian lawyers and participants in the financial market will literally be cooked in chains to the 9 arbitration court. And because on this epoch -making day the court will answer a question that worries many: “Is one irresponsible borrower able to break all legal mechanisms to attract funding in capital markets?”

In January, the Moscow Arbitration Court did not understand the situation and allowed the banker Rustam Tariko not to pay for his obligations. By his decision, the court actually abolished the bail for debts of Tariko by $ 800 million. The creditors had a security debt, but became empty. Now the question is whether this is an amazing decision in the appeal.

If so, such a decision will have serious detrimental consequences for the entire financial market. Now Russian companies will experience difficulties in placing bonds wealthy bonds. Large companies are not able to attract a syndicated loan using a trusting manager and Russian Railways. A crisis of investors’ trust in Russian banks, a judicial system and an investment climate as a whole will come. Russian securities will be recognized as highly risk due to the actual absence of any judicial protection.

Such a butterfly effect. One small step for the 9th Court of Appeal, a large step for the entire Russian financial market.